About Esmito
Esmito is a company based in Chennai (India) founded in 2018 by Prabhjot Kaur and Hasan Ali.. Esmito has raised $1.39 million across 2 funding rounds from investors including Unicorn India Ventures and HPCL. The company has 55 employees as of April 09, 2024. Esmito offers products and services including Battery Management System and Swap Solutions. Esmito operates in a competitive market with competitors including SUN Mobility, Battery Smart, Batterypool, Swapp Design and Mooving, among others.
- Headquarter Chennai, India
- Employees 55 as on 09 Apr, 2024
- Founders Prabhjot Kaur, Hasan Ali
- Stage Minicorn
-
Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Esmito Solutions Private Limited
- Date of Incorporation 25 Apr, 2018
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$289.4 K (USD)-26.01as on Mar 31, 2023
-
Net Profit
$-472.67 K (USD)-412.06as on Mar 31, 2023
-
EBITDA
$-440.07 K (USD)-362.17as on Mar 31, 2023
-
Total Equity Funding
$1.39 M (USD)
in 2 rounds
-
Latest Funding Round
$1.26 M (USD), Seed
Sep 07, 2022
-
Investors
Unicorn India Ventures
& 1 more
-
Employee Count
55
as on Apr 09, 2024
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
Products & Services of Esmito
Esmito offers a comprehensive portfolio of products and services, including Battery Management System and Swap Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages battery voltage and analytics for EVs and energy storage.
Automated kiosks for battery swapping and charging in vehicles.
Funding Insights of Esmito
Esmito has successfully raised a total of $1.39M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.26 million completed in September 2022. 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 2
- Last Round Seed — $1.3M
-
First Round
First Round
(19 Jul 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Esmito | Valuation | Unicorn India Ventures |
|
| Jul, 2021 | Amount | Seed - Esmito | Valuation | HPCL |
|
| 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 Esmito
Esmito has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Unicorn India Ventures and HPCL. 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 |
|---|---|---|---|---|
|
Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
|
Founded Year | Domain | Location | |
|
Provider of petroleum and natural gas services
|
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 Esmito
| 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 |
Financial Statements - Esmito
| 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 |
Esmito Comparisons
Competitors of Esmito
Esmito 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 SUN Mobility, Battery Smart, Batterypool, Swapp Design and Mooving, 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 |
Online platform for battery swapping solutions
|
|
| domain | founded_year | HQ Location |
Provider of EV battery-swapping network
|
|
| domain | founded_year | HQ Location |
Battery rental and swapping services for electric vehicles are offered.
|
|
| domain | founded_year | HQ Location |
Battery swapping solutions for EV charging station operators
|
|
| domain | founded_year | HQ Location |
Battery swapping solutions are provided for electric vehicles in 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 Esmito
Frequently Asked Questions about Esmito
When was Esmito founded?
Esmito was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Esmito located?
Esmito is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Esmito?
Hasan Ali is the current CEO of Esmito. They have also founded this company.
Is Esmito a funded company?
Esmito is a funded company, having raised a total of $1.39M across 2 funding rounds to date. The company's 1st funding round was a Seed of $135.3K, raised on Jul 19, 2021.
How many employees does Esmito have?
As of Apr 09, 2024, the latest employee count at Esmito is 55.
What is the annual revenue of Esmito?
Annual revenue of Esmito is $289.4K as on Mar 31, 2023.
What does Esmito do?
Saas IoT enabled battery management products and solutions for electric vehicles. It offers hardware and software-enabled solutions for clients. It offers various products like batteries, vehicle control units, and swap stations with features like lightweight, ease of integration with the proprietary battery management system, cloud connection, and more. It offers services like charging solutions, fleet management, battery swapping solutions more with features like data analytics and reporting, automated payments management, battery health predictions, etc. It offers solutions for logistics, mobility operators, and others.
Who are the top competitors of Esmito?
Esmito's top competitors include Battery Smart, SUN Mobility and Batterypool.
What products or services does Esmito offer?
Esmito offers Battery Management System and Swap Solutions.
Who are Esmito's investors?
Esmito has 2 investors. Key investors include Unicorn India Ventures, and HPCL.
What is Esmito's valuation?
The valuation of Esmito is $5.43M as of Sep 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.