About EVRides
EVRides is a company based in Hyderabad (India) founded in 2022 by Madhav Arpi Reddy. EVRides has raised $122.3 thousand across 1 funding round from investors including Cello, Motilal Oswal Financial Services and GM Modular. The company has 11 employees. EVRides operates in a competitive market with competitors including Samsara, FourKites, Spireon, Inseego and Quartix, among others.
- Headquarter Hyderabad, India
- Employees 11
- Founders Madhav Arpi Reddy
- SectorsIndustrial Goods & ManufacturingTransportation, Automotive & Logistics
- Website evrides.in
- Legal Name Tride Innovative Technologies Private Limited
- Date of Incorporation 13 Aug, 2020
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹68.6 Lakh
FY 2025 · +67% YoY
- Net Loss-₹96.5 Lakh
FY 2025 · -141% margin
- EBITDA-₹86.7 Lakh
FY 2025 · -126% margin
- Total Equity Funding$122.3K (USD)
in 1 rounds
- Latest Funding Round$122.3K (USD), Seed
Oct 2022
- InvestorsCello
& 5 more
- Employee Count11
Associated legal entities of EVRides
EVRides operates through Tride Innovative Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tride Innovative Technologies Private Limited CIN U50400TG2020PTC142782 | Active | 13 Aug 2020 | Hyderabad, Telangana | ₹0.7 Cr | 11 | 2 | View details |
Funding Insights of EVRides
EVRides has successfully raised a total of $122.3K through 1 strategic funding round. The most recent funding activity was a Seed round of $122.3 thousand completed in October 2022. 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 $122,300
- Total Rounds 1
- Last Round Seed — $122,300
- First Round $122,300
(Oct 2022)
- Investors Count 6
All 1 funding rounds of EVRides 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 |
|---|---|---|---|---|---|
| Oct 2022 | $122,300 | Seed | – | – |
6 investors in total: 5 institutional and 1 angel.
Investors in EVRides
EVRides has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include Cello, Motilal Oswal Financial Services and GM Modular.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment and advisory services are provided to clients. | 1987 | motilaloswalgroup.com | Mumbai, India | |
AI-based digital lending for personal and gold loans is offered. | 1984 | arvog.com | Mumbai, India | |
Kitchen appliances, thermoware, and plastic products are manufactured. | 1958 | celloworld.com | Mumbai, India | |
Manufacturer of switches, LED lighting, wires, cables, fans, pipes, and fittings | 2000 | gmmodular.com | Mumbai, India | |
- | – | modakvyapaar.tcc.mode | - | |
JS Jinal Shah | - | – | unknown_8535b209c3b14a1d8 | - |
Investor details for EVRides
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 Tride Innovative Technologies Private Limited (EVRides)
Tride Innovative Technologies Private Limited is the primary company behind EVRides. The board of Tride Innovative Technologies Private Limited currently have 2 directors; the longest-serving is Kranthi Kumar, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kranthi Kumar DIN 09267328 | Director | 04 Aug 2021 | 5 yrs 2 mo | Tride Innovative Technologies Private Limited |
| Arpireddy Madhavreddy DIN 06671165 | Director | 09 May 2022 | 4 yrs 5 mo | Tride Innovative Technologies Private Limited |
People of EVRides
1 people are tracked at EVRides (1 in leadership); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
Madhav Arpi Reddy | Founder & CEO | Leadership |
Complete people profiles for EVRides
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of EVRides
Figures of Tride Innovative Technologies Private Limited, the primary company behind EVRides, for FY 2025. Revenue was ₹68.6 Lakh (+67% year on year). Net loss was -₹96.5 Lakh (-141% margin). EBITDA was -₹86.7 Lakh (-126% margin). Revenue has grown at a compounded annual rate of -47% over three years.
- ₹68.6 LakhRevenue · FY 2025 · +67% YoY
- -₹96.5 LakhNet loss · -141% margin
- -₹86.7 LakhEBITDA · -126% margin
- ₹1.3 LakhPaid-up capital
- 11Employees (provident fund records)
- -47%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Tride Innovative Technologies Private Limited are on its company page.
Detailed financial statements for EVRides
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 EVRides
2 dated milestones of EVRides, from founding to its latest funding, stage changes and deals.
- Founded EVRides is founded.
- Funding First funding round of $122K.
Competitors of EVRides
EVRides 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 Samsara, FourKites, Spireon, Inseego and Quartix, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| samsara.com | 2015 | San Francisco, United States | $915M | 2,895 | AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | |
| fourkites.com | 2014 | Chicago, United States | $243.3M | 301 | AI and web-based visibility solutions for supply chains are developed. | |
| spireon.com | 2003 | Knoxville, United States | $7.71M | 364 | SaaS-enabled solutions for fleet and field service management are offered. | |
| inseego.com | 1985 | San Diego, United States | $64.3M | 345 | IoT networking hardware and device management platforms are provided. | |
| quartix.com | 2001 | Chicago, United States | – | 181 | GPS vehicle tracking and fleet management solutions are provided. | |
| swiftnav.com | 2012 | San Francisco, United States | $247.6M | 102 | Provider of positioning and navigation solutions for farm tractors | |
| blumeglobal.com | 1994 | Pleasanton, United States | – | 396 | Cloud-based supply chain visibility solutions are provided for logistics stakeholders. | |
| safefleet.net | 2013 | Belton, United States | – | 1,274 | Fleet safety management products are developed for transportation. | |
| trustrace.com | 2016 | Coimbatore, India | $30M | 133 | Blockchain-based traceability and sustainability solutions for the fashion industry |
Detailed competitors of EVRides
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to EVRides
10 companies that operate in the same segment as EVRides (Physical Security & Surveillance), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Family and friends are connected through location-sharing mobile app. | 2008 | San Francisco, California, United States | USD 89.74 M | USD 489.48 M | 569 | |
Wireless home security systems are offered with cellular monitoring. | 2006 | Boston, Massachusetts, United States | USD 387 M | – | – | |
Enterprise video surveillance systems and platforms are developed. | 2016 | San Mateo, California, United States | USD 656.64 M | – | – | |
Wireless smart home security cameras and doorbells are provided. | 2009 | Boston, Massachusetts, United States | USD 40.07 M | – | – | |
Locations are identified and shared via unique three-word addresses. | 2013 | London, England, United Kingdom | USD 231.46 M | – | – | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
A personal safety network is provided for community protection. | 2017 | New York, New York, United States | USD 143.72 M | – | – |
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Frequently Asked Questions about EVRides
EVRides was founded in 2022.
EVRides is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Madhav Arpi Reddy is the current CEO of EVRides. They have also founded this company.
EVRides is a funded company, having raised a total of $122.3K across 1 funding round to date. The company's 1st funding round was a Seed of $122.3K, raised on Oct 2022.
EVRides has 11 employees.
The primary company behind EVRides, Tride Innovative Technologies Private Limited, reported revenue of ₹68.6 Lakh for FY 2025, up 67% year on year.
EVRides was founded in 2022 in Hyderabad, India, as an AI and SaaS platform focused on vehicle location tracking. Operations center on providing real-time monitoring and data analytics for fleet management in the transportation sector. Services include integration with vehicle telematics for location-based insights, serving businesses across India through its domain evrides.in. Leadership is provided by Founder and CEO Madhav Arpi Reddy.
EVRides has 6 investors. Key investors include Cello, Motilal Oswal Financial Services, GM Modular, Arvog, and Modak Vyapaar.
EVRides operates through Tride Innovative Technologies Private Limited.
The legal entities of EVRides currently have 2 directors, including Arpireddy Madhavreddy, Kranthi Kumar.