About Ergon Labs
Ergon Labs is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2019 by Ashwin Ramanujam. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Ergon Labs has raised $157.45 thousand across 1 funding round from investors including Social Alpha, DLabs and Aarem Ventures. The company has 1 employees. Ergon Labs was last valued at $1.03 million in May 2023. Its chief executive, as recorded, is Ashwin Ramanujam. Its Indian entity Ergon Mobility Private Limited reported revenue of ₹15.5 Lakh. Ergon Labs offers products and services including Integrated Power Converter and Hypercharging Stations. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Devices.
Company details
Provider of charging solution for EVs. The Integrated Power Converter enables fast-chargers to be packaged on-board, improving charging time while reducing powertrain weight and volume. It offers fast charging solution with advanced charging algorithms and allows you to switch between fast and slow charging through the mobile app.
- Headquarters Bengaluru, India
- Employees 1
- Founders Ashwin Ramanujam
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website ergon-labs.com
- Social LinkedIn X
- Legal Name Ergon Mobility Private Limited
- Date of Incorporation 16 Nov, 2020
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹15.5 Lakh
FY 2024 · +23% YoY
- Net Loss-₹29.1 Lakh
FY 2024 · -188% margin
- EBITDA-₹28.9 Lakh
FY 2024 · -187% margin
- Total Equity Funding$157.45K (USD)
in 1 rounds
- Latest Funding Round$157.45K (USD), Seed
May 2023
- InvestorsSocial Alpha
& 4 more
- Employee Count1
Associated legal entities of Ergon Labs
Ergon Labs is associated with 2 registered companies on The Company Check; the primary company is Ergon Mobility Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ergon Mobility Private Limited CIN U31909KA2020PTC141078 | Active | 16 Nov 2020 | Bengaluru, Karnataka | ₹0.2 Cr | 2 | View details | |
| Parijat Logistics Private Limited CIN U24200MH1983PTC029738 | Active | 07 Apr 1983 | Mumbai, Maharashtra | ₹17.0 Cr | 72 | 2 | View details |
Products & Services of Ergon Labs
Ergon Labs offers a comprehensive portfolio of products and services, including Integrated Power Converter and Hypercharging Stations.
Combined fast charger and motor controller for electric vehicles.
Stations for rapid charging of light electric vehicles.
Funding Insights of Ergon Labs
Ergon Labs has successfully raised a total of $157.45K through 1 strategic funding round. The most recent funding activity was a Seed round of $157.45 thousand completed in May 2023. 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 $157,451
- Total Rounds 1
- Last Round Seed — $157,451
- First Round $157,451
(May 2023)
- Investors Count 5
All 1 funding rounds of Ergon Labs 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 |
|---|---|---|---|---|---|
| May 2023 | $157,451 | Seed | $1.03M | Social Alpha, DLabs |
| Date | Valuation | Stage |
|---|---|---|
| May 2023 | $1.03M | •••••••• |
Last known valuation $1.03M (May 2023). 5 investors in total: 3 institutional and 2 angel.
Investors in Ergon Labs
Ergon Labs has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Social Alpha, DLabs and Aarem Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable startups are supported via innovation curation and venture funding. | socialalpha.org | Bengaluru, India | ||
Idea-stage startups are accelerated and incubated by ISB-backed DLabs. | isbdlabs.org | Hyderabad, India | ||
Venture capital fund focused on early-stage startups | Mumbai, India | |||
AG Anirudh G P | unknown_5668c7df14854c92b | |||
VC Vijay Chandrawat | unknown_8ed37dfaa0de4b3c9 |
Investor details for Ergon Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ergon Mobility Private Limited (Ergon Labs)
Ergon Mobility Private Limited is the primary company behind Ergon Labs. The boards of the 2 registered companies of Ergon Labs currently have 4 directors; the longest-serving is Shravan Vijay Lakhotia, appointed in 2014. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shravan Vijay Lakhotia DIN 06894866 | Director | 11 Jun 2014 | 12 yrs 4 mo | Parijat Logistics Private Limited |
| Ashwin Ramanujam DIN 08962232 | Director | 16 Nov 2020 | 5 yrs 11 mo | Ergon Mobility Private Limited |
| Shantanu Shyamsunder Lakhotia DIN 09364179 | Director | 20 Oct 2021 | 5 yrs | Parijat Logistics Private Limited |
| Srinivasa Ramanujam Asha DIN 06593836 | Director | 17 Apr 2022 | 4 yrs 6 mo | Ergon Mobility Private Limited |
People of Ergon Labs
1 people are tracked at Ergon Labs (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Ergon Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ergon Labs
Figures of Ergon Mobility Private Limited, the primary company behind Ergon Labs, for FY 2024. Revenue was ₹15.5 Lakh (+23% year on year). Net loss was -₹29.1 Lakh (-188% margin). EBITDA was -₹28.9 Lakh (-187% margin).
- ₹15.5 LakhRevenue · FY 2024 · +23% YoY
- -₹29.1 LakhNet loss · -188% margin
- -₹28.9 LakhEBITDA · -187% margin
- ₹3.8 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Ergon Mobility Private Limited are on its company page.
Detailed financial statements for Ergon Labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ergon Labs
3 dated milestones of Ergon Labs across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Ergon Labs is founded.
- Funding First funding round of $157K.
- Milestone Reaches Minicorn status.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Ergon Labs (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 37.93 M | 401 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Frequently Asked Questions about Ergon Labs
Ergon Labs was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Ergon Labs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ashwin Ramanujam is the CEO of Ergon Labs, as recorded in our data. They have also founded this company.
Ergon Labs is a funded company, having raised a total of $157.45K across 1 funding round to date. The company's 1st funding round was a Seed of $157.45K, raised on May 2023.
Ergon Labs has 1 employees.
The primary company behind Ergon Labs, Ergon Mobility Private Limited, reported revenue of ₹15.5 Lakh for FY 2024, up 23% year on year.
Provider of charging solution for EVs. The Integrated Power Converter enables fast-chargers to be packaged on-board, improving charging time while reducing powertrain weight and volume. It offers fast charging solution with advanced charging algorithms and allows you to switch between fast and slow charging through the mobile app.
Ergon Labs offers Integrated Power Converter and Hypercharging Stations.
Ergon Labs has 5 investors. Key investors include Social Alpha, DLabs, Aarem Ventures, Anirudh G P, and Vijay Chandrawat.
The valuation of Ergon Labs is $1.03M as of May 2023.
Ergon Labs is associated with 2 legal entities: Ergon Mobility Private Limited, Parijat Logistics Private Limited.
The legal entities of Ergon Labs currently have 4 directors, including Srinivasa Ramanujam Asha, Ashwin Ramanujam, Shravan Vijay Lakhotia and others.