About GreenCell Mobility
GreenCell Mobility is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2019, and was acquired by EverSource Capital in October 2024. GreenCell Mobility has raised $123.83 million across 8 funding rounds from investors including Goldman Sachs, Asian Development Bank and REC. The company has 81 employees. Its chief executive, as recorded, is Devndra Chawla. Its website greencellmobility.com draws about 13 thousand monthly visits. Its Indian entity Greencell Mobility Private Limited reported revenue of ₹677 Cr. Its focus areas include Travel and Hospitality Tech, Smart Public Transport, Intelligent Transport Systems and Electric Fleet. Its competitors include Mantis Technologies, Incubate Soft and Masstrans; 1 of its 3 listed competitors has raised funding.
Company details
Provider of e-mobility solutions for commercial transport. It integrates and develops connected platforms and e-mobility infrastructure for the operation of intercity commercial transport using electric buses and commercial vehicles.
- Headquarters Mumbai, India
- Employees 81
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website greencellmobility.com
- Social LinkedIn X Facebook
- Acquired by EverSource Capital (Oct 2024)
- Legal Name Greencell Mobility Private Limited
- Date of Incorporation 09 Sep, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹677 Cr
FY 2025 · +32% YoY
- Net Loss-₹125 Cr
FY 2025 · -19% margin
- EBITDA₹116 Cr
FY 2025 · 18% margin
- Total Equity Funding$123.83M (USD)
in 8 rounds
- Latest Funding Round$34.48M (USD), Series D
Oct 2026
- InvestorsGoldman Sachs
& 9 more
- Employee Count81
- Acquired byEverSource Capital
(Oct 2024)
Associated legal entities of GreenCell Mobility
GreenCell Mobility operates through Greencell Mobility 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 |
|---|---|---|---|---|---|---|---|
| Greencell Mobility Private Limited CIN U74999MH2019PTC330329 | Active | 09 Sep 2019 | Mumbai, Maharashtra | ₹677 Cr | 14 | 8 | View details |
Funding Insights of GreenCell Mobility
GreenCell Mobility has successfully raised a total of $123.83M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $34.48 million completed in October 2026. 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 $123.83M
- Total Rounds 8
- Last Round Series D — $34.48M
- First Round $5.53M
(Nov 2022)
- Investors Count 9
All 8 funding rounds of GreenCell Mobility 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 2026 | $34.48M | Series D | – | – | |
| Jan 2026 | $89M | Series C | – | – | |
| Jan 2026 | Debt – Conventional | – | – | ||
| Sep 2025 | $37M | Debt – Conventional | – | – | |
| Jan 2025 | $348,748 | Series B | – | – | – |
| Jul 2023 | $36.58M | Debt – Conventional | – | – | |
| Nov 2022 | $5.53M | Grant | – | – | |
| Nov 2022 | $55M | Debt – Conventional | – | – |
10 investors in total: 10 institutional.
Investors in GreenCell Mobility
GreenCell Mobility has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, Asian Development Bank and REC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
| bii.co.uk | ||||
Infrastructure investment and management are conducted in India. | 2018 | eversourcecapital.com | Mumbai, India | |
| impactfund.dk | ||||
Infrastructural financing is provided for development projects in India. | 1969 | recindia.nic.in | Delhi, India | |
Financial services research company | climatefundsupdate.org | London, United Kingdom | ||
Advisory services and financial resources are mobilized for development projects. | 1966 | adb.org | Mandaluyong, Philippines | |
Social infrastructure investments are prioritized by the AIIB development bank. | 2016 | aiib.org | Xicheng, China | |
| ifc.org | ||||
| tatacapital.com |
Investor details for GreenCell Mobility
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Greencell Mobility Private Limited (GreenCell Mobility)
Greencell Mobility Private Limited is the primary company behind GreenCell Mobility. The board of Greencell Mobility Private Limited currently have 5 directors; the longest-serving is Prasanna Prakash Desai, appointed in 2019. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prasanna Prakash Desai DIN 01389413 | Director | 09 Sep 2019 | 7 yrs 2 mo | Greencell Mobility Private Limited |
| Shishir Maheshwari DIN 03136246 | Director | 08 Dec 2021 | 4 yrs 11 mo | Greencell Mobility Private Limited |
| Aditya Ghosh DIN 01243445 | Director | 22 Jul 2022 | 4 yrs 3 mo | Greencell Mobility Private Limited |
| Devendra Chawla DIN 03586196 | Managing Director | 23 Jan 2023 | 3 yrs 9 mo | Greencell Mobility Private Limited |
| Parthasarathy Vankipuram Srinivasa DIN 00125299 | Additional Director | 01 Jan 2025 | 1 yr 10 mo | Greencell Mobility Private Limited |
People of GreenCell Mobility
59 people are tracked at GreenCell Mobility (25 in leadership, 34 in team); the tracked headcount is 81.
| Name | Role | Group |
|---|---|---|
Devndra Chawla | CEO & MD | Leadership |
JEETENDER SINGH | Business Head | Leadership |
Virender Singh | Chief Administrative Officer [ EV Bus Mfg Procurement Project Infrastructure EHS & Esg] | Leadership |
Dr.Rajani Tewari (she/her) | Chief People Officer | Leadership |
Aalekh Gandhi | Head of Internal Controls | Leadership |
Dhiren Gajjar | Head IT and Enterprise Architect | Leadership |
Debprakash Das | Head - Mergers & Acquisitions | Corporate Finance | Bidding | Leadership |
Sourav Jain | Regional Head - B2c | Leadership |
Vijjeet Shekhawat | Chief Revenue Officer & Head Consumer Business | Leadership |
Mohit Gupta | Head - Revenue Assurance | Leadership |
Puneet Jain | Head - Sales & Distribution | Leadership |
Sreekanth Rokandla | Business Head -Sales & Distribution | Leadership |
Sharadchandra Kedare | Head Of Operations | Leadership |
Shashank Kadam | Assistant Creative Director | Leadership |
Apurva Sharma | Head - Marketing & Communications | Leadership |
Naveen Amla | Business Head | Leadership |
Joel James | Assistant General Manager | Leadership |
Sumit Barat | Vice President - Business Development & Corporate Affairs | Leadership |
Roshan Pawaskar | Creative Head - Marketing | Leadership |
Velmurugan J | Deputy General Manager - Vehicle Technology (product Design/ Regulations & Homologation) | Leadership |
39 more people are available in the full profile.
Complete people profiles for GreenCell Mobility
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of GreenCell Mobility
Figures of Greencell Mobility Private Limited, the primary company behind GreenCell Mobility, for FY 2025. Revenue was ₹677 Cr (+32% year on year). Net loss was -₹125 Cr (-19% margin). EBITDA was ₹116 Cr (18% margin). Revenue has grown at a compounded annual rate of +120% over three years and +646% over five years.
- ₹677 CrRevenue · FY 2025 · +32% YoY
- -₹125 CrNet loss · -19% margin
- ₹116 CrEBITDA · 18% margin
- ₹1,024 CrPaid-up capital
- 14Employees (provident fund records)
- +120%Revenue CAGR, 3 years
- +646%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Greencell Mobility Private Limited are on its company page.
Detailed financial statements for GreenCell Mobility
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of GreenCell Mobility
4 dated milestones of GreenCell Mobility across 7 years, from founding to its latest funding, stage changes and deals.
- Founded GreenCell Mobility is founded.
- Funding First funding round of $5.5M.
- Exit Acquired by EverSource Capital.
- Funding Latest funding round, Series D, of $34.5M.
Competitors of GreenCell Mobility
GreenCell Mobility has 3 listed competitors in our database, 1 of them funded. They include Mantis Technologies, Incubate Soft and Masstrans.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mantistechnologies.com | 2007 | Bengaluru, India | $2.69M | 3 | Intelligent transport management solutions are provided for operators and travelers. | |
| incubatesoft.com | 2009 | Hyderabad, India | 16 | Provides end-to-end operations management solutions for bus operators. | ||
| masstrans.in | 1991 | Pune, India | 79 | Provides intelligent transport systems, digital signage, and smart city IoT technologies. |
Detailed competitors of GreenCell Mobility
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Web traffic of GreenCell Mobility
The website of GreenCell Mobility (greencellmobility.com) receives about 13.4K visits a month.
- Monthly visits13.4K
▲ 57.3% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as GreenCell Mobility (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 37.93 M | 401 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 407.47 M | 1,917 |
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Related news about Greencell Mobility
Complete news archive for GreenCell Mobility
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Articles about GreenCell Mobility on our blog
Frequently Asked Questions about GreenCell Mobility
GreenCell Mobility was founded in 2019 and raised its 1st funding round 3 years after it was founded.
GreenCell Mobility is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Devndra Chawla is the CEO of GreenCell Mobility, as recorded in our data.
GreenCell Mobility is a funded company, having raised a total of $123.83M across 8 funding rounds to date. The company's 1st funding round was a Grant of $5.53M, raised on Nov 2022.
GreenCell Mobility has 81 employees.
The primary company behind GreenCell Mobility, Greencell Mobility Private Limited, reported revenue of ₹677 Cr for FY 2025, up 32% year on year.
Provider of e-mobility solutions for commercial transport. It integrates and develops connected platforms and e-mobility infrastructure for the operation of intercity commercial transport using electric buses and commercial vehicles.
GreenCell Mobility's top competitors include Mantis Technologies, Masstrans and Incubate Soft.
GreenCell Mobility has 10 investors. Key investors include Goldman Sachs, Asian Development Bank, REC, AIIB, and EverSource Capital.
GreenCell Mobility operates through Greencell Mobility Private Limited.
Yes. GreenCell Mobility was acquired by EverSource Capital in October 2024.
The legal entities of GreenCell Mobility currently have 7 directors, including Parthasarathy Vankipuram Srinivasa, Devendra Chawla, Prasanna Prakash Desai and others.