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
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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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 Esmito Solutions Private Limited
- Date of Incorporation 25 Apr, 2018
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$289.4 K (USD)-26.01as on Mar 31, 2023
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Net Profit
-$472.67 K (USD)-412.06as on Mar 31, 2023
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EBITDA
-$440.07 K (USD)-362.17as on Mar 31, 2023
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Total Equity Funding
$1.39 M (USD)
in 2 rounds
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Latest Funding Round
$1.26 M (USD), Seed
Sep 07, 2022
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Investors
Unicorn India Ventures
& 1 more
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Employee Count
55
as on Apr 09, 2024
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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.
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 |
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Provider of petroleum and natural gas services
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Investor details for Esmito
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Investments & Acquisitions by Esmito
Investment portfolio details for Esmito
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Financial Statements - Esmito
Detailed financials for Esmito
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Esmito Comparisons
Peer comparison for Esmito
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for battery swapping solutions
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Provider of EV battery-swapping network
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Battery rental and swapping services for electric vehicles are offered.
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Battery swapping solutions for EV charging station operators
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Battery swapping solutions are provided for electric vehicles in India.
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Detailed competitors of Esmito
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Latest news on 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 current CEO of Esmito. They have also founded this company.
Esmito is a funded company, having raised a total of $1.39M across 2 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Esmito is 55.
Annual revenue of Esmito is $289.4K as on Mar 31, 2023.
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.