About ETO Motors
ETO Motors is a company based in Hyderabad (India) founded in 2018 by Karthik S Ponnapula.. ETO Motors has raised $15.2 million across 5 funding rounds from investors including SIDBI, Future Electronics and Trinity Infraventures. The company has 63 employees as of March 22, 2024. ETO Motors operates in a competitive market with competitors including TI Clean Mobility, 3evi, ZEVO India, Fullfily and Montra Electric, among others.
- Headquarter Hyderabad, India
- Employees 63 as on 22 Mar, 2024
- Founders Karthik S Ponnapula
- 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
*********
- Legal Name Eto Motors Private Limited
- Date of Incorporation 20 Sep, 2018
- Jurisdiction Secunderabad, Telangana, India
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Annual Revenue
$3.21 M (USD)270.91as on Mar 31, 2023
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Net Profit
$-5.34 M (USD)-97.39as on Mar 31, 2023
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EBITDA
$-4.72 M (USD)-100.79as on Mar 31, 2023
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Total Equity Funding
$15.2 M (USD)
in 5 rounds
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Latest Funding Round
$3 M (USD), Seed
Dec 23, 2024
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Investors
SIDBI
& 13 more
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Employee Count
63
as on Mar 22, 2024
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Leadership Team
3 people
Finance and Accounting
2 people
Sales and Marketing
1 people
Manager Team
1 people
Unlock access to complete
Funding Insights of ETO Motors
ETO Motors has successfully raised a total of $15.2M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in December 2024. 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 5
- Last Round Seed — $3.0M
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First Round
First Round
(27 Jun 2019)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - ETO Motors | Valuation | Trinity Infraventures | |
| Dec, 2023 | Amount | Grant - ETO Motors | Valuation |
investors |
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| Sep, 2022 | Amount | Seed - ETO Motors | Valuation | Sunita Prasad Enright |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ETO Motors
ETO Motors has secured backing from 14 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include SIDBI, Future Electronics and Trinity Infraventures. 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 |
|---|---|---|---|---|
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Investments are directed toward early-stage tech startups by New Daya.
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Founded Year | Domain | Location | |
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Acquisitions in multiple sectors are targeted by Y Capital.
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Founded Year | Domain | Location | |
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Financial support is extended to micro, small, and medium enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ETO Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ETO Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eto Motors Comparisons
Competitors of ETO Motors
ETO Motors 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 TI Clean Mobility, 3evi, ZEVO India, Fullfily and Montra Electric, 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 |
Electric three-wheelers are designed, manufactured, and marketed for passenger transport.
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| domain | founded_year | HQ Location |
Three-wheel electric vehicles are manufactured along with hyper-local connectivity services.
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| domain | founded_year | HQ Location |
End-to-end EV supply chain solutions are delivered via a platform.
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| domain | founded_year | HQ Location |
Electric delivery vehicles are rented via an online platform.
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| domain | founded_year | HQ Location |
Electric three-wheelers are manufactured by Montra Electric in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Eto Motors
Frequently Asked Questions about ETO Motors
When was ETO Motors founded?
ETO Motors was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is ETO Motors located?
ETO Motors is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of ETO Motors?
Karthik S Ponnapula is the current CEO of ETO Motors. They have also founded this company.
Is ETO Motors a funded company?
ETO Motors is a funded company, having raised a total of $15.2M across 5 funding rounds to date. The company's 1st funding round was a Seed of $3.28M, raised on Jun 27, 2019.
How many employees does ETO Motors have?
As of Mar 22, 2024, the latest employee count at ETO Motors is 63.
What is the annual revenue of ETO Motors?
Annual revenue of ETO Motors is $3.21M as on Mar 31, 2023.
What does ETO Motors do?
ETO Motors was founded in 2018 in Hyderabad, India, as an online platform focused on electric mobility. Electric three-wheelers, charging infrastructure, and mobility services are offered to support logistics, delivery, and transportation sectors. Fleet management solutions are integrated to facilitate operations in the electric vehicle industry across India.
Who are the top competitors of ETO Motors?
ETO Motors's top competitors include ZEVO India, TI Clean Mobility and Montra Electric.
Who are ETO Motors's investors?
ETO Motors has 14 investors. Key investors include SIDBI, Future Electronics, Trinity Infraventures, Dammilpati Srinivas, and Roddam Sai Prashanth Reddy.
What is ETO Motors's valuation?
The valuation of ETO Motors is $19.15M as of Dec 2024.