About EV Motors India
EV Motors India is a company based in Delhi (India) founded in 2016 by Rachin Sapra. EV Motors India has raised $2.48 million across 5 funding rounds from investors including Aeci World, Rajan Chhibbar and Vijay Chhibber. EV Motors India operates in a competitive market with competitors including ChargePoint, Bolt.Earth, Charge Zone, ChargeNet Holdings and EVRE, among others.
- Headquarter Delhi, India
- Founders Rachin Sapra
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website ev-motors.com
- Legal Name Ev Motors India Private Limited
- Date of Incorporation 08 Jan, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹57.8 Lakh
FY 2024 · -59% YoY
- Net Loss-₹5.56 Cr
FY 2024 · -963% margin
- EBITDA-₹5.02 Cr
FY 2024 · -869% margin
- Total Equity Funding$2.48M (USD)
in 5 rounds
- Latest Funding Round$196.65K (USD), Angel Round
May 2021
- InvestorsAeci World
& 8 more
Associated legal entities of EV Motors India
EV Motors India operates through Ev Motors India 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 |
|---|---|---|---|---|---|---|---|
| Ev Motors India Private Limited CIN U74999DL2016PTC289431 | Active | 08 Jan 2016 | New Delhi, Delhi | ₹0.6 Cr | – | 2 | View details |
Funding Insights of EV Motors India
EV Motors India has successfully raised a total of $2.48M across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $196.65 thousand completed in May 2021. 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 $2.48M
- Total Rounds 5
- Last Round Angel Round — $196,649
- First Round $147,318
(Dec 2016)
- Investors Count 9
All 5 funding rounds of EV Motors India 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 |
|---|---|---|---|---|---|
| May 2021 | $196,649 | Angel Round | $11.93M | Rajan Chhibbar, Vijay Chhibber | |
| Mar 2020 | $530,997 | Seed | $11.39M | AECI | |
| Oct 2018 | $1.4M | Seed | $••••• | Kanti Dhanda, Sheila Dhanda | |
| Sep 2017 | $202,979 | Angel Round | $••••• | Arun Vijan, Meera Vijan | |
| Dec 2016 | $147,318 | Angel Round | $••••• | Kanti Dhanda, Sheila Dhanda | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $11.93M | •••••••• |
| Mar 2020 | $11.39M | •••••••• |
| Oct 2018 | $••••• | •••••••• |
| Sep 2017 | $••••• | •••••••• |
| Dec 2016 | $••••• | •••••••• |
Full valuation and stage history of EV Motors India
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $11.93M (May 2021). 9 investors in total: 1 institutional and 8 angel.
Investors in EV Motors India
EV Motors India has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include Aeci World, Rajan Chhibbar and Vijay Chhibber.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufacturer of specialty chemicals | 1924 | aeciworld.com | Sandton, South Africa | |
RC Rajan Chhibbar | - | – | unknown_f6cb943fc32d4b0f9 | - |
VC Vijay Chhibber | - | – | unknown_10795568e9e64e28b | - |
KD Kanti Dhanda | - | – | unknown_4eaff4b4cf3f4cfd9 | - |
SD Sheila Dhanda | - | – | unknown_42fe7f10060d4997a | - |
BN Bipin N Doshi | - | – | unknown_c9bd8883710e42f99 | - |
LS Linda S Doshi | - | – | unknown_a0f0c8e0e77f4c51a | - |
AV Arun Vijan | - | – | unknown_9135995cfefd467ab | - |
MV Meera Vijan | - | – | unknown_6d36e5664cf34d5c8 | - |
Investor details for EV Motors India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Ev Motors India Private Limited (EV Motors India)
Ev Motors India Private Limited is the primary company behind EV Motors India. The board of Ev Motors India Private Limited currently have 2 directors; the longest-serving is Vinit Bansal, appointed in 2016. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinit Bansal DIN 00374908 | Managing Director | 21 Jan 2016 | 10 yrs 8 mo | Ev Motors India Private Limited |
| Poshita Bansal DIN 09407658 | Director | 22 Nov 2021 | 4 yrs 10 mo | Ev Motors India Private Limited |
People of EV Motors India
1 people are tracked at EV Motors India (1 in leadership).
| Name | Role | Group |
|---|---|---|
Rachin Sapra | Co Founder & Managing Partner | Leadership |
Complete people profiles for EV Motors India
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of EV Motors India
Figures of Ev Motors India Private Limited, the primary company behind EV Motors India, for FY 2024. Revenue was ₹57.8 Lakh (-59% year on year). Net loss was -₹5.56 Cr (-963% margin). EBITDA was -₹5.02 Cr (-869% margin). Revenue has grown at a compounded annual rate of -21% over three years and +33% over five years.
- ₹57.8 LakhRevenue · FY 2024 · -59% YoY
- -₹5.56 CrNet loss · -963% margin
- -₹5.02 CrEBITDA · -869% margin
- ₹18 LakhPaid-up capital
- -21%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ev Motors India Private Limited are on its company page.
Detailed financial statements for EV Motors India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of EV Motors India
4 dated milestones of EV Motors India across 5 years, from founding to its latest funding, stage changes and deals.
- Founded EV Motors India is founded.
- Funding First funding round of $147K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $197K.
Competitors of EV Motors India
EV Motors India 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 ChargePoint, Bolt.Earth, Charge Zone, ChargeNet Holdings and EVRE, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chargepoint.com | 2007 | Campbell, United States | $553.62M | 1,650 | Cloud-enabled EV charging stations are operated for diverse sectors. | |
| bolt.earth | 2017 | Bengaluru, India | $29.61M | 134 | EV charging hardware, software, and maintenance services are offered. | |
| chargezone.co.in | 2018 | Vadodara, India | $97.79M | 142 | Electric vehicle charging stations and management software are provided. | |
| chargenetstations.com | 2020 | Los Angeles, United States | $6.2M | 4 | SaaS and AI-enabled platform offering electric vehicle charging and management solutions | |
| evre.in | 2017 | Hyderabad, India | $4.81M | 637 | Electric vehicle charging solutions are offered via an integrated platform. | |
| charzer.com | 2020 | Bengaluru, India | $410,773 | 6 | Provider of end-to-end EV charging management solutions | |
| addenergie.com | 2009 | Quebec, Canada | $39.78M | – | Electric-vehicle charging equipment and networking solutions are developed and supplied. |
Detailed competitors of EV Motors India
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of EV Motors India
The website of EV Motors India (ev-motors.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 92.9% vs previous month
Latest news on Ev Motors India
Complete news archive for EV Motors India
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to EV Motors India
10 companies that operate in the same segment as EV Motors India (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
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 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about EV Motors India
EV Motors India was founded in 2016.
EV Motors India is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
EV Motors India is a funded company, having raised a total of $2.48M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $147.32K, raised on Dec 2016.
The primary company behind EV Motors India, Ev Motors India Private Limited, reported revenue of ₹57.8 Lakh for FY 2024, down 59% year on year.
EV Motors India was established in 2016 in Delhi, India, within the electric vehicle sector. Charging infrastructure for electric vehicles is developed, alongside the production of Lithium-Ion batteries. An integrated and scalable solution has been implemented, which is utilized by last-mile delivery operators in food, e-commerce, and courier services across operations.
EV Motors India's top competitors include Bolt.Earth, ChargePoint and Charge Zone.
EV Motors India has 9 investors. Key investors include Aeci World, Rajan Chhibbar, Vijay Chhibber, Kanti Dhanda, and Sheila Dhanda.
The valuation of EV Motors India is $11.93M as of May 2021.
EV Motors India operates through Ev Motors India Private Limited.
The legal entities of EV Motors India currently have 2 directors, including Vinit Bansal, Poshita Bansal.