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 $28.72 million across 8 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
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Inkodop Technologies Private Limited
- Date of Incorporation 28 Dec, 2016
- Jurisdiction Howrah, West Bengal, India
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Annual Revenue
$17.02 M (USD)0as on Mar 31, 2024
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Net Profit
-$3.57 M (USD)0as on Mar 31, 2024
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EBITDA
-$3.4 M (USD)0as on Mar 31, 2024
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Total Equity Funding
$28.72 M (USD)
in 8 rounds
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Latest Funding Round
$541.47 K (USD), Series B
Apr 17, 2026
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Investors
GetVantage
& 30 more
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Employee Count
213
as on Jan 21, 2025
- Investments & Acquisitions
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Funding Insights of EMotorad
EMotorad has successfully raised a total of $28.72M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $541.47 thousand completed in April 2026. 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on growth equity
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Venture debt funding and structured finance for innovative startups in India.
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Venture capital firm investing in sustainable finance and climate tech industries.
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Investor details for EMotorad
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Investments & Acquisitions by EMotorad
EMotorad has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Panine.
Investment portfolio details for EMotorad
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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E-vehicle charging network operator
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Locked | Locked | 2018 | Locked |
Complete acquisition details for EMotorad
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Financial Statements - EMotorad
Detailed financials for EMotorad
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Emotorad Comparisons
Peer comparison for EMotorad
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electric bicycles are manufactured with features for pedal-assisted riding.
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Foldable electric bicycles are provided by Hornback platform.
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Electric bicycles with removable batteries are manufactured by VAAN.
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Electric bicycles are designed, manufactured, and sold by GHM.
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Electric bicycles and vehicles are manufactured in Mumbai, India.
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Detailed competitors of EMotorad
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Latest news on Emotorad
Complete news archive for EMotorad
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Frequently Asked Questions about EMotorad
EMotorad was founded in 2020 and raised its 1st funding round 1 year after it was founded.
EMotorad is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Kunal Gupta is the current CEO of EMotorad. They have also founded this company.
EMotorad is a funded company, having raised a total of $28.72M across 8 funding rounds to date.
As of Jan 21, 2025, the latest employee count at EMotorad is 213.
Annual revenue of EMotorad is $17.02M as on Mar 31, 2024.
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.
EMotorad has made 1 acquisition, including Panine.
EMotorad has 31 investors. Key investors include GetVantage, xto10x, LetsVenture, Alteria Capital, and Green Frontier Capital.
The valuation of EMotorad is $39.8M as of Nov 2023.