About Esmito
Esmito is a Transportation, Automotive & Logistics company based in Chennai (India) founded in 2018 by Prabhjot Kaur and Hasan Ali. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Esmito has raised $1.39 million across 2 funding rounds from investors including Unicorn India Ventures and HPCL. The company has 55 employees. Esmito was last valued at $5.43 million in September 2022. Its chief executive, as recorded, is Hasan Ali. Its Indian entity Esmito Solutions Private Limited reported revenue of ₹3.46 Cr. Esmito offers products and services including Battery Management System and Swap Solutions. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Station Network. Its competitors include SUN Mobility, Battery Smart and Batterypool; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chennai, India
- Employees 55
- Founders Prabhjot Kaur, Hasan Ali
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website esmito.com
- Social LinkedIn Instagram
- Legal Name Esmito Solutions Private Limited
- Date of Incorporation 25 Apr, 2018
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹3.46 Cr
FY 2024 · +44% YoY
- Net Loss-₹9.05 Cr
FY 2024 · -262% margin
- EBITDA-₹6.61 Cr
FY 2024 · -191% margin
- Total Equity Funding$1.39M (USD)
in 2 rounds
- Latest Funding Round$1.26M (USD), Seed
Sep 2022
- InvestorsUnicorn India Ventures
& 1 more
- Employee Count55
Associated legal entities of Esmito
Esmito operates through Esmito Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Esmito Solutions Private Limited CIN U72900TN2018PTC122355 | Active | 25 Apr 2018 | Chennai, Tamil Nadu | ₹3.5 Cr | 55 | 2 | View details |
Products & Services of Esmito
Esmito offers a comprehensive portfolio of products and services, including Battery Management System and Swap Solutions.
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 $1.39M
- Total Rounds 2
- Last Round Seed — $1.26M
- First Round $135,300
(Jul 2021)
- Investors Count 2
All 2 funding rounds of Esmito 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 |
|---|---|---|---|---|---|
| Sep 2022 | $1.26M | Seed | $5.43M | Unicorn India Ventures | – |
| Jul 2021 | $135,300 | Seed | $2.18M | HPCL | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $5.43M | •••••••• |
| Jul 2021 | $2.18M | •••••••• |
Last known valuation $5.43M (Sep 2022). 2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm offering seed funding and support to startups in technology and innovation sectors. | 2014 | unicornivc.com | Mumbai, India | |
Provider of petroleum and natural gas services | 1974 | hindustanpetroleum.com | Mumbai, India |
Investor details for Esmito
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Board of directors of Esmito Solutions Private Limited (Esmito)
Esmito Solutions Private Limited is the primary company behind Esmito. The board of Esmito Solutions Private Limited currently have 2 directors; the longest-serving is Prabhjot Kaur, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prabhjot Kaur DIN 03634554 | Director | 25 Apr 2018 | 8 yrs 6 mo | Esmito Solutions Private Limited |
| Hasan Ali DIN 07855694 | Director | 01 Mar 2021 | 5 yrs 8 mo | Esmito Solutions Private Limited |
People of Esmito
2 people are tracked at Esmito (2 in leadership); the tracked headcount is 55.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Esmito
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Financials of Esmito
Figures of Esmito Solutions Private Limited, the primary company behind Esmito, for FY 2024. Revenue was ₹3.46 Cr (+44% year on year). Net loss was -₹9.05 Cr (-262% margin). EBITDA was -₹6.61 Cr (-191% margin). Revenue has grown at a compounded annual rate of +111% over three years and +66% over five years.
- ₹3.46 CrRevenue · FY 2024 · +44% YoY
- -₹9.05 CrNet loss · -262% margin
- -₹6.61 CrEBITDA · -191% margin
- ₹7.6 LakhPaid-up capital
- 55Employees (provident fund records)
- +111%Revenue CAGR, 3 years
- +66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Esmito Solutions Private Limited are on its company page.
Detailed financial statements for Esmito
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Esmito
4 dated milestones of Esmito across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Esmito is founded.
- Funding First funding round of $135K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.3M.
Competitors of Esmito
Esmito has 3 listed competitors in our database, 3 of them funded. They include SUN Mobility, Battery Smart and Batterypool.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunmobility.com | 2017 | Bengaluru, India | $50M | 473 | Online platform for battery swapping solutions | |
| batterysmart.in | 2019 | Gurugram, India | $180.36M | 482 | Provider of EV battery-swapping network | |
| batterypool.com | 2018 | Pune, India | $1.77M | 15 | Battery rental and swapping services for electric vehicles are offered. |
Detailed competitors of Esmito
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Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Esmito (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 407.47 M | 1,917 |
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Related news about Esmito
Complete news archive for Esmito
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Frequently Asked Questions about Esmito
Esmito was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Esmito is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Hasan Ali is the CEO of Esmito, as recorded in our data. They have also founded this 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 2021.
Esmito has 55 employees.
The primary company behind Esmito, Esmito Solutions Private Limited, reported revenue of ₹3.46 Cr for FY 2024, up 44% year on year.
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.
Esmito's top competitors include Battery Smart, SUN Mobility and Batterypool.
Esmito offers Battery Management System and Swap Solutions.
Esmito has 2 investors. Key investors include Unicorn India Ventures, and HPCL.
The valuation of Esmito is $5.43M as of Sep 2022.
Esmito operates through Esmito Solutions Private Limited.