About Elocity
Elocity is a Business Services company based in Toronto (Canada) founded in 2018 by Tony Stewart and Sanjeev Singh. It operates as an electric vehicle charging solutions are provided for utilities and users. It operates in the Business Services, Energy & Utilities, and Transportation, Automotive & Logistics sectors. Elocity has raised $30 thousand across 2 funding rounds from investors including Sustainable Development Technology Canada and Accelerator Centre. The company has 1 employees. Its chief executive is Sanjeev Singh. Its Indian entity Elocity Technologies India Private Limited reported revenue of ₹7.57 Cr. Elocity offers products and services including HIEVTM Platform and EV Charging Hardware. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Demand Response Management. Its competitors include SWTCH, Nanoleaf, Resideo, Operto and ChargeLab and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Elocity was founded in 2018 in Toronto, Canada, as a provider of electric vehicle charging solutions within the cleantech sector. Utilities are assisted in understanding EV behavior, predicting responses, and optimizing grid load. An app is offered to users for charging electric vehicles and earning rewards, with availability on both iOS and Android platforms. Operations focus on integrating EV management with utility infrastructure.
- Headquarters Toronto, Canada
- Employees 1
- Founders Tony Stewart, Sanjeev Singh
- SectorsBusiness ServicesEnergy & Utilities Transportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website elocitytech.com
- Social LinkedIn X Facebook YouTube
- Legal Name Elocity Technologies India Private Limited
- Date of Incorporation 13 Sep, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.57 Cr
FY 2025 · +8% YoY
- Net Profit₹14.1 Lakh
FY 2025 · 2% margin
- EBITDA₹30 Lakh
FY 2025 · 4% margin
- Total Equity Funding$30K (USD)
in 2 rounds
- Investors
- Employee Count1
Associated legal entities of Elocity
Elocity operates through Elocity Technologies India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elocity Technologies India Private Limited CIN U72900KA2019FTC141658 | Active | 13 Sep 2019 | Bangalore, Karnataka | ₹7.6 Cr | – | 4 | View details |
Products & Services of Elocity
Elocity offers a comprehensive portfolio of products and services, including HIEVTM Platform and EV Charging Hardware.
Open platform for managing smart EV charging networks efficiently.
Devices for reliable and cost-effective EV charging in various settings.
Apps and channels of Elocity
its YouTube channel Elocity has 22 subscribers and 5 videos.
Videos from Elocity
The most watched videos on Elocity's YouTube channel, Elocity (22 subscribers). Click a video to play it here.
More on Elocity.
Funding Insights of Elocity
Elocity has successfully raised a total of $30K across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30,000
- Total Rounds 2
- First Round $30,000
(Feb 2019)
- Investors Count 2
All 2 funding rounds of Elocity with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | – | Seed | – | Sustainable Development Technology Canada | – |
| Feb 2019 | $30,000 | Seed | – | Accelerator Centre | – |
2 investors in total: 2 institutional.
Investors in Elocity
Elocity has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Sustainable Development Technology Canada and Accelerator Centre.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on investing in clean tech sectors | – | sdtc.ca | Ottawa, Canada | |
Startups are built and accelerated in a structured studio environment. | – | acceleratorcentre.com | Waterloo, Canada |
Investor details for Elocity
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Board of directors of Elocity Technologies India Private Limited (Elocity)
Elocity Technologies India Private Limited is the primary company behind Elocity. The board of Elocity Technologies India Private Limited currently have 4 directors; the longest-serving is Sanjeev Kumar Singh, appointed in 2019. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjeev Kumar Singh DIN 08561538 | Director | 13 Sep 2019 | 7 yrs 1 mo | Elocity Technologies India Private Limited |
| Prity DIN 07203775 | Managing Director | 09 Dec 2020 | 5 yrs 10 mo | Elocity Technologies India Private Limited |
| Dinesh Chandra DIN 09102636 | Director | 12 Mar 2021 | 5 yrs 7 mo | Elocity Technologies India Private Limited |
| Lal Sharan Kumar DIN 10351047 | Director | 12 Oct 2023 | 3 yrs | Elocity Technologies India Private Limited |
People of Elocity
2 people are tracked at Elocity (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Tony Stewart | Co-Founder & CXO | Leadership |
| Founder & CEO | Leadership |
Complete people profiles for Elocity
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Financials of Elocity
Figures of Elocity Technologies India Private Limited, the primary company behind Elocity, for FY 2025. Revenue was ₹7.57 Cr (+8% year on year). Net profit was ₹14.1 Lakh (2% margin). EBITDA was ₹30 Lakh (4% margin). Revenue has grown at a compounded annual rate of +15% over three years and +87% over five years.
- ₹7.57 CrRevenue · FY 2025 · +8% YoY
- ₹14.1 LakhNet profit · 2% margin
- ₹30 LakhEBITDA · 4% margin
- ₹1 LakhPaid-up capital
- +15%Revenue CAGR, 3 years
- +87%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Elocity Technologies India Private Limited are on its company page.
Detailed financial statements for Elocity
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Elocity
3 dated milestones of Elocity across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Elocity is founded.
- Funding First funding round of $30K.
- Funding Latest funding round, Seed,.
Competitors of Elocity
Elocity has 9 listed competitors in our database, 7 of them funded. They include SWTCH, Nanoleaf, Resideo, Operto and ChargeLab, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swtchenergy.com | 2018 | Toronto, Canada | $42.03M | 33 | Provider of EV charging management systems | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. | |
| operto.com | 2005 | Vancouver, Canada | $37.05M | – | Provider of cloud-enabled property automation and access control solutions | |
| chargelab.co | 2019 | Toronto, Canada | $29.45M | – | Provider of electric vehicle station management solution | |
| willdan.com | 1964 | Anaheim, United States | – | 1,540 | Project management solutions are provided for the energy sector. | |
| brainboxai.com | 2017 | Montreal, Canada | $102.77M | 1 | AI and SaaS-driven HVAC optimization for commercial buildings is provided. | |
| uplight.com | 2019 | Boulder, United States | $30M | – | AI and SaaS-driven solutions for energy monitoring in residential and commercial buildings | |
| epilot.cloud | 2017 | Cologne, Germany | $10.82M | 41 | Customer management solutions including CRM and automation are provided. |
Detailed competitors of Elocity
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Top companies in Facility Management Platforms
10 companies that operate in the same segment as Elocity (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | 463 | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 54 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Related news about Elocity
Complete news archive for Elocity
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Frequently Asked Questions about Elocity
Elocity was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Elocity is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Sanjeev Singh is the current CEO of Elocity. They have also founded this company.
Elocity is a funded company, having raised a total of $30K across 2 funding rounds to date. The company's 1st funding round was a Seed of $30K, raised on Feb 2019.
Elocity has 1 employees.
The primary company behind Elocity, Elocity Technologies India Private Limited, reported revenue of ₹7.57 Cr for FY 2025, up 8% year on year.
Elocity was founded in 2018 in Toronto, Canada, as a provider of electric vehicle charging solutions within the cleantech sector. Utilities are assisted in understanding EV behavior, predicting responses, and optimizing grid load. An app is offered to users for charging electric vehicles and earning rewards, with availability on both iOS and Android platforms. Operations focus on integrating EV management with utility infrastructure.
Elocity offers HIEVTM Platform and EV Charging Hardware.
Elocity has 2 investors. Key investors include Sustainable Development Technology Canada, and Accelerator Centre.
Elocity operates through Elocity Technologies India Private Limited.
The legal entities of Elocity currently have 4 directors, including Sanjeev Kumar Singh, Lal Sharan Kumar, Dinesh Chandra and others.