Evnnovator Technology

Bengaluru, India Founded: 2022 • Age: 4 yrs Minicorn
Operator of electric vehicle charging station network

About Evnnovator Technology

Evnnovator Technology is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2022 by Rai Nitin Chitransh. It operates as an operator of electric vehicle charging station network. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Evnnovator Technology has raised $123.81 thousand across 2 funding rounds from investors including Tecso Global, Steer Advisors and Kartikey Babubhai Hariyani. The company has 1 employees. Evnnovator Technology was last valued at $6.36 million in April 2023. Its Indian entity Evnnovator Technology Private Limited reported revenue of β‚Ή99.9 Lakh. Evnnovator Technology offers products and services including Fich App and eMSP Platform. Its focus areas include Energy Tech, Electric Vehicles, Charging Solutions and Charging Point Locator. Its competitors include ElectricPe, Ionage, GOEC, TelioEV and EVQ Point and 2 more; 5 of its 7 listed competitors have raised funding.

Company details

Evnnovator Technology was founded in 2022 in Bengaluru, India, and operates within the electric vehicle charging sector. A network of EV charging stations is built through collaborations with service providers. Products offered include the eMSP API for automotive OEMs and partners to access the aggregated charging network, a mobile app for fleet charging management, a SaaS-based white-label eMSP platform, and a mobile app enabling EV drivers to locate stations.

  • Headquarters Bengaluru, India
  • Employees 1
  • Founders Rai Nitin Chitransh
  • Stage Minicorn
  • Sectors
    Transportation, Automotive & Logistics
    Energy & Utilities
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website evnnovator.in
  • Social LinkedIn
  • Legal Name Evnnovator Technology Private Limited
  • Date of Incorporation 14 Jan, 2022
  • Jurisdiction Bengaluru, Karnataka, India
Key Metrics
  • Annual Revenue
    ₹99.9 Lakh

    FY 2024 · +2207% YoY

  • Net Loss
    -₹43.2 Lakh

    FY 2024 · -43% margin

  • EBITDA
    -₹28.6 Lakh

    FY 2024 · -29% margin

  • Total Equity Funding
    $123.81K (USD)

    in 2 rounds

  • Latest Funding Round
    $61.09K (USD), Seed

    Apr 2023

  • Investors
  • Employee Count
    1

Products & Services of Evnnovator Technology

Evnnovator Technology offers a comprehensive portfolio of products and services, including Fich App and eMSP Platform.

Fich App
EV Charging App

Mobile app for locating and managing EV charging sessions.

eMSP Platform
Charging Network Platform

System aggregating chargers for operators and users.

Apps and channels of Evnnovator Technology

Evnnovator Technology publishes 1 mobile app with over 1K+ downloads.

Fich App
Google Play Business Everyone Free 1K+ downloads
Developer: evnnovator
View on Google Play

Funding Insights of Evnnovator Technology

Evnnovator Technology has successfully raised a total of $123.81K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $61.09 thousand completed in April 2023. 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 $123,813
  • Total Rounds 2
  • Last Round Seed β€” $61,087
  • First Round $62,726

    (Jul 2022)

  • Investors Count 3

All 2 funding rounds of Evnnovator Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Apr 2023$61,087Seed$6.36MSteer Advisors
Jul 2022$62,726Seed$6.38MTecso Global
–
Valuation history
DateValuationStage
Apr 2023$6.36Mβ€’β€’β€’β€’β€’β€’β€’β€’
Jul 2022$6.38Mβ€’β€’β€’β€’β€’β€’β€’β€’

Last known valuation $6.36M (Apr 2023). 3 investors in total: 2 institutional and 1 angel.

Investors in Evnnovator Technology

Evnnovator Technology has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Tecso Global, Steer Advisors and Kartikey Babubhai Hariyani.

All
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Corporate advisory services in finance, mergers, and various sectors.
2013steeradvisors.inMumbai, India
Solar energy projects for industrial and utility scales are developed.
2005tecsoglobal.comVadodara, India

Kartikey Babubhai Hariyani

-
–unknown_1f6529832c744ba3b-
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Investor details for Evnnovator Technology

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Board of directors of Evnnovator Technology Private Limited (Evnnovator Technology)

Evnnovator Technology Private Limited is the primary company behind Evnnovator Technology. The board of Evnnovator Technology Private Limited currently have 3 directors; the longest-serving is Kartikey Babubhai Hariyani, appointed in 2022. 2 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kartikey Babubhai Hariyani
DIN 01172197
Director06 Jun 20224 yrs 4 moEvnnovator Technology Private Limited
Kinnari Kartikey Hariyani
DIN 01172210
Additional Director16 Apr 20251 yr 6 moEvnnovator Technology Private Limited
Venkatrao Padmanabhan
DIN 11447074
Additional Director07 Jan 20269 moEvnnovator Technology Private Limited

People of Evnnovator Technology

1 people are tracked at Evnnovator Technology (1 in leadership); the tracked headcount is 1.

NameRoleGroup
FounderLeadership
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Financials of Evnnovator Technology

Figures of Evnnovator Technology Private Limited, the primary company behind Evnnovator Technology, for FY 2024. Revenue was ₹99.9 Lakh (+2207% year on year). Net loss was -₹43.2 Lakh (-43% margin). EBITDA was -₹28.6 Lakh (-29% margin).

  • ₹99.9 LakhRevenue · FY 2024 · +2207% YoY
  • -₹43.2 LakhNet loss · -43% margin
  • -₹28.6 LakhEBITDA · -29% margin
  • ₹1.00 CrPaid-up capital

Balance sheet, profit and loss, cash flow and ratios of Evnnovator Technology Private Limited are on its company page.

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Detailed financial statements for Evnnovator Technology

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Timeline of Evnnovator Technology

4 dated milestones of Evnnovator Technology across 1 years, from founding to its latest funding, stage changes and deals.

  1. Founded Evnnovator Technology is founded.
  2. Funding First funding round of $63K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Seed, of $61K.

Competitors of Evnnovator Technology

Evnnovator Technology has 7 listed competitors in our database, 5 of them funded. They include ElectricPe, Ionage, GOEC, TelioEV and EVQ Point, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
electricpe.com2021Bengaluru, India$11.42M137
Multi-brand electric vehicles are sold with charging services provided.
ionage.in2021Bengaluru, India$971,17327
Unified EV charging platform is provided for businesses and enterprises.
goecworld.com2011Kochi, India–21
Offers EV charging stations, app, and services for electric vehicles in India.
telioev.com2021Bengaluru, India–136
Develops software and apps for EV charging management and operations.
evqpoint.com2019Bengaluru, India$728,62127
Manufacturer of AC and DC fast charging stations for electric vehicles
valerioelectric.com2020Pilani, India$25,000–
Online platform offering electric-vehicle charge point-locater services
joulepoint.com2020Hyderabad, India$646,566–
EV charging stations are located using user-provided details.
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Detailed competitors of Evnnovator Technology

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Top companies in Electric & Green Mobility

10 companies that operate in the same segment as Evnnovator Technology (Electric & Green Mobility), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Electric kick-scooters are rented through an app-based platform.
2017Miami, Florida, United StatesUSD 765.74 M––
Electric kick-scooters are rented through an app-based platform.
2017San Francisco, California, United StatesUSD 1.71 B––
Electric ride-hailing and cab services are provided via mobile app.
2019Mumbai, Maharashtra, IndiaUSD 168.52 M––
Shared electric two-wheelers are rented via an online platform.
2017Bengaluru, Karnataka, IndiaUSD 187.54 MUSD 2.14 M251
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
2013Bengaluru, Karnataka, IndiaUSD 502.15 MUSD 391.37 M1,620
App-based platform offering electric kick scooter rental services
2018Amsterdam, NetherlandsUSD 211.85 M––
Electric vehicles are manufactured and developed by Polestar.
1996Goteborg, Vastra Gotaland, SwedenUSD 550 MUSD 3.06 B2,550
Electric buses and charging systems are manufactured for fleets.
2004Burlingame, California, United StatesUSD 857.79 MUSD 309.36 M1,247
Multi-category electric vehicles are manufactured for diverse applications.
1999Bedford, United StatesUSD 101.78 M––
Autonomous aerial vehicles are provided for consumer and commercial uses.
2014Guangzhou, Guangdong, ChinaUSD 94 MUSD 58.15 M483
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Related news about Evnnovator Technology

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Frequently Asked Questions about Evnnovator Technology

Evnnovator Technology was founded in 2022.

Evnnovator Technology is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Evnnovator Technology is a funded company, having raised a total of $123.81K across 2 funding rounds to date. The company's 1st funding round was a Seed of $62.73K, raised on Jul 2022.

Evnnovator Technology has 1 employees.

The primary company behind Evnnovator Technology, Evnnovator Technology Private Limited, reported revenue of β‚Ή99.9 Lakh for FY 2024, up 2207% year on year.

Evnnovator Technology was founded in 2022 in Bengaluru, India, and operates within the electric vehicle charging sector. A network of EV charging stations is built through collaborations with service providers. Products offered include the eMSP API for automotive OEMs and partners to access the aggregated charging network, a mobile app for fleet charging management, a SaaS-based white-label eMSP platform, and a mobile app enabling EV drivers to locate stations.

Evnnovator Technology's top competitors include ElectricPe, Ionage and TelioEV.

Evnnovator Technology offers Fich App and eMSP Platform.

Evnnovator Technology has 3 investors. Key investors include Tecso Global, Steer Advisors, and Kartikey Babubhai Hariyani.

The valuation of Evnnovator Technology is $6.36M as of Apr 2023.

Evnnovator Technology operates through Evnnovator Technology Private Limited.

The legal entities of Evnnovator Technology currently have 3 directors, including Kartikey Babubhai Hariyani, Kinnari Kartikey Hariyani, Venkatrao Padmanabhan.

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