About EMotorad
EMotorad is a company based in Pune (India) founded in 2020 by Sumedh Battewar, Rajib Gangopadhyay, Kunal Gupta, and Aditya Oza.. EMotorad has raised $28.17 million across 7 funding rounds from investors including GetVantage, xto10x and LetsVenture. The company has 213 employees as of January 21, 2025. EMotorad has completed 1 acquisition, including Panine. EMotorad operates in a competitive market with competitors including eBik, Hornback, VAAN, GHM and Magnes, among others.
- Headquarter Pune, India
- Employees 213 as on 21 Jan, 2025
- Founders Sumedh Battewar, Rajib Gangopadhyay, Kunal Gupta, Aditya Oza
- Stage Minicorn
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Inkodop Technologies Private Limited
- Date of Incorporation 28 Dec, 2016
- Jurisdiction Howrah, West Bengal, India
-
Annual Revenue
$17.02 M (USD)0as on Mar 31, 2024
-
Net Profit
$-3.57 M (USD)0as on Mar 31, 2024
-
EBITDA
$-3.4 M (USD)0as on Mar 31, 2024
-
Total Equity Funding
$28.17 M (USD)
in 7 rounds
-
Latest Funding Round
$262.44 K (USD), Series B
Aug 05, 2025
-
Investors
GetVantage
& 30 more
-
Employee Count
213
as on Jan 21, 2025
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of EMotorad
EMotorad has successfully raised a total of $28.17M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $262.44 thousand completed in August 2025. 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 Total Funding
- Total Rounds 7
- Last Round Series B — $262,442
-
First Round
First Round
(11 Oct 2021)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series B - EMotorad | Valuation | Plentitude |
|
| Nov, 2024 | Amount | Angel Round - EMotorad | Valuation | Abhinav Banthia , Parv Soni | |
| Apr, 2024 | Amount | Angel Round - EMotorad | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in EMotorad
EMotorad has secured backing from 31 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include GetVantage, xto10x and LetsVenture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity fund focused on growth equity
|
Founded Year | Domain | Location | |
|
Venture debt funding and structured finance for innovative startups in India.
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in sustainable finance and climate tech industries.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by EMotorad
EMotorad has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Panine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
E-vehicle charging network operator
|
2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - EMotorad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Emotorad Comparisons
Competitors of EMotorad
EMotorad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBik, Hornback, VAAN, GHM and Magnes, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric bicycles are manufactured with features for pedal-assisted riding.
|
|
| domain | founded_year | HQ Location |
Foldable electric bicycles are provided by Hornback platform.
|
|
| domain | founded_year | HQ Location |
Electric bicycles with removable batteries are manufactured by VAAN.
|
|
| domain | founded_year | HQ Location |
Electric bicycles are designed, manufactured, and sold by GHM.
|
|
| domain | founded_year | HQ Location |
Electric bicycles and vehicles are manufactured in Mumbai, India.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Emotorad
Frequently Asked Questions about EMotorad
When was EMotorad founded?
EMotorad was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is EMotorad located?
EMotorad is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of EMotorad?
Kunal Gupta is the current CEO of EMotorad. They have also founded this company.
Is EMotorad a funded company?
EMotorad is a funded company, having raised a total of $28.17M across 7 funding rounds to date.
How many employees does EMotorad have?
As of Jan 21, 2025, the latest employee count at EMotorad is 213.
What is the annual revenue of EMotorad?
Annual revenue of EMotorad is $17.02M as on Mar 31, 2024.
What does EMotorad do?
EMotorad was founded in 2020 and is based in Pune, India. Electric bicycles and e-bikes are provided through its platform in the mobility sector. Accessibility and affordability of futuristic transportation options are targeted for user segments including daily commuters and adventure seekers. Operations focus on e-bike sales and related services to support urban and recreational mobility needs.
Who are the top competitors of EMotorad?
How many acquisitions has EMotorad made?
EMotorad has made 1 acquisition, including Panine.
Who are EMotorad's investors?
EMotorad has 31 investors. Key investors include GetVantage, xto10x, LetsVenture, Alteria Capital, and Green Frontier Capital.
What is EMotorad's valuation?
The valuation of EMotorad is $39.8M as of Nov 2023.