About Etrio
Etrio is a company based in Hyderabad (India) founded in 2017. Etrio has raised $3 million across 1 funding round from investors including Janardhan Rao. The company has 76 employees as of April 05, 2024. Etrio offers products and services including Etrio Touro and Etrio eLCV. Etrio operates in a competitive market with competitors including TI Clean Mobility, 3evi, ETO Motors, Altigreen and Montra Electric, among others.
- Headquarter Hyderabad, India
- Employees 76 as on 05 Apr, 2024
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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
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- Legal Name Etrio Automobiles Pvt Ltd
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$1.51 M (USD)50.81as on Mar 31, 2023
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Net Profit
-$1.51 M (USD)32.6as on Mar 31, 2023
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EBITDA
-$1.06 M (USD)10.02as on Mar 31, 2023
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Series A
Sep 29, 2020
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Investors
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Employee Count
76
as on Apr 05, 2024
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Products & Services of Etrio
Etrio offers a comprehensive portfolio of products and services, including Etrio Touro and Etrio eLCV.
Provides sustainable solutions for last-mile and cargo logistics.
Supports agri-logistics, waste, and cold chain applications.
Funding Insights of Etrio
Etrio has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Series A round of $3 million completed in September 2020. 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 1
- Last Round Series A — $3.0M
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First Round
First Round
(29 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series A - Etrio | Valuation | Janardhan Rao |
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Investors in Etrio
Etrio has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Janardhan Rao.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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JR
Janardhan Rao |
Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors.
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Founded Year | Domain | Location |
Investments & Acquisitions by Etrio
Financial Statements - Etrio
Etrio Comparisons
Competitors of Etrio
Etrio 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, ETO Motors, Altigreen and Montra Electric, among others.
| 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 |
Online platform offering electric vehicles and fleet management solutions
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| domain | founded_year | HQ Location |
Electric mobility solutions are offered via indigenous three-wheelers.
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| domain | founded_year | HQ Location |
Electric three-wheelers are manufactured by Montra Electric in India.
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| domain | founded_year | HQ Location |
Manufacturer of electric three-wheelers
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Frequently Asked Questions about Etrio
Etrio was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Etrio is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Etrio is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Series A of $3M, raised on Sep 29, 2020.
As of Apr 05, 2024, the latest employee count at Etrio is 76.
Annual revenue of Etrio is $1.51M as on Mar 31, 2023.
Etrio was established in 2017 in Hyderabad, India, as an online platform in the electric mobility sector. Electric three-wheelers, cargo vehicles, and conversion kits are offered to address commercial and individual transportation requirements. Operations focus on sustainable mobility solutions, with products accessible through the domain etrio.in for users in the region.
Etrio's top competitors include Altigreen, ETO Motors and TI Clean Mobility.
Etrio offers Etrio Touro and Etrio eLCV.
Etrio has 1 investor. Key investors include Janardhan Rao.