About EVRE
EVRE is a company based in Hyderabad (India) founded in 2017 by Krishna K Jasti and Chandresh Sethia. It operates as a Product-as-a-Service, and Mobility-as-a-Service. EVRE has raised $4.81 million across 6 funding rounds from investors including ACKO, CreedCap Asia Advisors and Josh Technology Group. The company has 78 employees as of July 09, 2024. EVRE offers products and services including AC Charger Halo, DC Fast Charger Sonic, and DC Superfast Charger Super Sonic. EVRE operates in a competitive market with competitors including ChargePoint, Bolt.Earth, Charge Zone, ChargeNet Holdings and Charzer, among others.
- Headquarter Hyderabad, India
- Employees 78 as on 09 Jul, 2024
- Founders Krishna K Jasti, Chandresh Sethia
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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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 Amplify Mobility Pvt. Ltd.
- Date of Incorporation 01 Jun, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.3 M (USD)282.1as on Mar 31, 2023
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Net Profit
$-677.83 K (USD)-44.53as on Mar 31, 2023
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EBITDA
$-617.17 K (USD)-62.81as on Mar 31, 2023
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Total Equity Funding
$4.81 M (USD)
in 6 rounds
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Latest Funding Round
$1.57 M (USD), Series A
Feb 05, 2024
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Investors
ACKO
& 28 more
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Employee Count
78
as on Jul 09, 2024
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Products & Services of EVRE
EVRE offers a comprehensive portfolio of products and services, including AC Charger Halo, DC Fast Charger Sonic, and DC Superfast Charger Super Sonic. 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.
AC Charger Halo is provided for EV charging needs.
DC Fast Charger Sonic is offered for rapid charging.
Super Sonic Charger is designed for ultra-fast EV charging.
Funding Insights of EVRE
EVRE has successfully raised a total of $4.81M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.57 million completed in February 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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $1.6M
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First Round
First Round
(19 Mar 2020)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - EVRE | Valuation |
investors |
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| Apr, 2023 | Amount | Series A - EVRE | Valuation | Banyan Tree Facilities , VVAG Partners |
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| Jul, 2022 | Amount | Seed - EVRE | Valuation |
investors |
| 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 EVRE
EVRE has secured backing from 29 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include ACKO, CreedCap Asia Advisors and Josh Technology Group. 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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Investments are directed by the firm toward multiple sectors.
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Founded Year | Domain | Location | |
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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 EVRE
| 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 - EVRE
| 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 |
Evre Comparisons
Competitors of EVRE
EVRE 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 Charzer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-enabled EV charging stations are operated for diverse sectors.
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| domain | founded_year | HQ Location |
EV charging hardware, software, and maintenance services are offered.
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| domain | founded_year | HQ Location |
Electric vehicle charging stations and management software are provided.
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| domain | founded_year | HQ Location |
SaaS and AI-enabled platform offering electric vehicle charging and management solutions
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| domain | founded_year | HQ Location |
Provider of end-to-end EV charging management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Evre
Frequently Asked Questions about EVRE
When was EVRE founded?
EVRE was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is EVRE located?
EVRE is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of EVRE?
Krishna K Jasti is the current CEO of EVRE. They have also founded this company.
Is EVRE a funded company?
EVRE is a funded company, having raised a total of $4.81M across 6 funding rounds to date. The company's 1st funding round was a Seed of $575.93K, raised on Mar 19, 2020.
How many employees does EVRE have?
As of Jul 09, 2024, the latest employee count at EVRE is 78.
What is the annual revenue of EVRE?
Annual revenue of EVRE is $1.3M as on Mar 31, 2023.
What does EVRE do?
EV charging solutions are developed and offered by EVRE for diverse sectors including builders, charge point operators, EV fleets, OEMs, businesses, and government entities. Comprehensive infrastructure solutions are provided, covering electrical and civil works, operation, and maintenance. Customized chargers with advanced features like automated authentication and app-based insights are designed to support sustainable mobility. Efforts are focused on combating global warming and fostering clean energy adoption through innovative technology and end-to-end capabilities.
Who are the top competitors of EVRE?
EVRE's top competitors include Bolt.Earth, ChargePoint and Charge Zone.
What products or services does EVRE offer?
EVRE offers AC Charger Halo, DC Fast Charger Sonic, and DC Superfast Charger Super Sonic.
Who are EVRE's investors?
EVRE has 29 investors. Key investors include ACKO, CreedCap Asia Advisors, Josh Technology Group, Jakamputi Nithin Kumar, and Krishna K Jasti.
What is EVRE's valuation?
The valuation of EVRE is $17.2M as of Feb 2024.