About EVage
EVage is a company based in Chandigarh (India) founded in 2019 by Harnoor Kaur, Inderveer Singh Panesar, and Pulkit Srivastava. EVage has raised $32.91 million across 6 funding rounds from investors including RedBlue, Bio D Technology and Maniv Mobility. The company has 136 employees as of March 25, 2024. EVage offers products and services including FR8 Electric Truck and Modular Chassis Platform.
- Headquarter Chandigarh, India
- Employees 136 as on 25 Mar, 2024
- Founders Harnoor Kaur, Inderveer Singh Panesar, Pulkit Srivastava
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Evage Automotive Pvt. Ltd
- Jurisdiction Chandigarh, Chandigarh, India
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Annual Revenue
$6.85 K (USD)387.83as on Mar 31, 2023
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Net Profit
-$2.89 M (USD)-312.58as on Mar 31, 2023
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EBITDA
-$2.16 M (USD)-245.1as on Mar 31, 2023
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Total Equity Funding
$32.91 M (USD)
in 6 rounds
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Latest Funding Round
$131.79 K (USD), Seed
Mar 23, 2024
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Investors
RedBlue
& 10 more
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Employee Count
136
as on Mar 25, 2024
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Products & Services of EVage
EVage offers a comprehensive portfolio of products and services, including FR8 Electric Truck and Modular Chassis Platform.
The FR8 is manufactured as a 1 Ton electric truck that is utilized for delivery needs, featuring a modular chassis for adaptability
The platform is developed to enable customization for multiple vehicle applications, including passenger carriers and cargo trucks, using space-grade materials
Funding Insights of EVage
EVage has successfully raised a total of $32.91M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $131.79 thousand completed in March 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.
Investors in EVage
EVage has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include RedBlue, Bio D Technology and Maniv Mobility.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward early-stage mobility startups by RedBlue.
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Early-stage tech and offline focused VC firm investing in Israel and the US
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Investor details for EVage
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Investments & Acquisitions by EVage
Investment portfolio details for EVage
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Financial Statements - EVage
Detailed financials for EVage
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Evage Comparisons
Peer comparison for EVage
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Competitors of EVage
Detailed competitors of EVage
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Latest news on Evage
Complete news archive for EVage
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Frequently Asked Questions about EVage
EVage was founded in 2019.
EVage is headquartered in Chandigarh, India.
Inderveer Singh Panesar is the current CEO of EVage. They have also founded this company.
EVage is a funded company, having raised a total of $32.91M across 6 funding rounds to date.
As of Mar 25, 2024, the latest employee count at EVage is 136.
Annual revenue of EVage is $6.85K as on Mar 31, 2023.
EVage was founded in 2019 in Chandigarh, India, and operates in the electric vehicle sector. Electric commercial vehicles such as vans, pick-up trucks, minibuses, shuttles, and light electric vehicles are developed by the company. Key features incorporated include a weld-less exoskeleton structure, aluminum composite shell, impact attenuator for shock absorption, linear battery swapping system, modular suspensions, tube-frame design, and motor controllers using advanced vector control algorithms.
EVage offers FR8 Electric Truck and Modular Chassis Platform.
EVage has 11 investors. Key investors include RedBlue, Bio D Technology, Maniv Mobility, S Chand Group, and Onnivation.