About Everlectric
Everlectric is a company based in Pretoria (South Africa) founded in 2020 by Paul Plummer, Wesley Van Der Walt, and Ndia Magadagela.. Everlectric offers products and services including Electric Vehicles as a Service and Charging Infrastructure.
- Headquarter Pretoria, South Africa
- Founders Paul Plummer, Wesley Van Der Walt, Ndia Magadagela
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Everlectric Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Vumela
& 1 more
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Employee Count
Employee Count
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Products & Services of Everlectric
Everlectric offers a comprehensive portfolio of products and services, including Electric Vehicles as a Service and Charging Infrastructure. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric vehicles are supplied to businesses without upfront costs, facilitating smoother fleet operations.
Charging infrastructure is provided and managed to address range anxiety and operational needs for electric fleets.
Funding Insights of Everlectric
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2025 | Amount | Debt – Venture - Everlectric | Valuation |
investors |
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| Sep, 2021 | Amount | Seed - Everlectric | Valuation | Sakhumnotho |
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| 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 Everlectric
Everlectric has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Vumela and Sakhumnotho Group Holdings. 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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Vumela is focused on supporting SMEs with access to finance.
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Founded Year | Domain | Location | |
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Sakhumnotho Group Holdings is engaged in diversified equity investments.
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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 Everlectric
| 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 - Everlectric
| 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 |
Everlectric Comparisons
Competitors of Everlectric
| 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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Frequently Asked Questions about Everlectric
When was Everlectric founded?
Everlectric was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Everlectric located?
Everlectric is headquartered in Pretoria, South Africa. It is registered at Pretoria, Gauteng, South Africa.
What does Everlectric do?
Everlectric was founded in 2020 in Pretoria, South Africa, focusing on the electric vehicle sector. Electric trucks are developed alongside charging infrastructure network solutions. An IoT-enabled digital platform is offered to address barriers in EV adoption. Operations center on sustainable transportation technologies, with services extending to infrastructure deployment in the region.
What products or services does Everlectric offer?
Everlectric offers Electric Vehicles as a Service and Charging Infrastructure.
Who are Everlectric's investors?
Everlectric has 2 investors. Key investors include Vumela, and Sakhumnotho Group Holdings.