About Hop Electric Mobility
Hop Electric Mobility is a company based in Jaipur (India) founded in 2019 by Nikhil Bhatia, Ketan Mehta, and Rahil Gupta. Hop Electric Mobility has raised $2.6 million across 1 funding round from investors including Rays Power Infra and Genus Power Infrastructure. The company has 106 employees as of March 28, 2024. Hop Electric Mobility operates in a competitive market with competitors including Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies, among others.
- Headquarter Jaipur, India
- Employees 106 as on 28 Mar, 2024
- Founders Nikhil Bhatia, Ketan Mehta, Rahil Gupta
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Hop Electric Mobility Private Limited
- Date of Incorporation 31 Jan, 2020
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$8.29 M (USD)20946.69as on Mar 31, 2023
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Net Profit
-$683.33 K (USD)-3466.8as on Mar 31, 2023
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EBITDA
-$570.12 K (USD)-2901.32as on Mar 31, 2023
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Total Equity Funding
$2.6 M (USD)
in 1 rounds
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Latest Funding Round
$2.6 M (USD), Seed
Apr 08, 2022
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Investors
Rays Power Infra
& 1 more
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Employee Count
106
as on Mar 28, 2024
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Funding Insights of Hop Electric Mobility
Hop Electric Mobility has successfully raised a total of $2.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.6 million completed in April 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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.6M
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First Round
First Round
(08 Apr 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Hop Electric Mobility | Valuation | Rays Power Infra |
Investors in Hop Electric Mobility
Hop Electric Mobility has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Rays Power Infra and Genus Power Infrastructure.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Turnkey solar engineering, procurement, and construction solutions are provided.
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Founded Year | Domain | Location | |
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Advanced metering infrastructure, smart meters and, solar panel manufacturer
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Founded Year | Domain | Location |
Investments & Acquisitions by Hop Electric Mobility
Financial Statements - Hop Electric Mobility
Hop Electric Mobility Comparisons
Competitors of Hop Electric Mobility
Hop Electric Mobility 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 Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-performance electric motorcycles for street and sports use are engineered.
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| domain | founded_year | HQ Location |
Electric motorcycles and components are designed and manufactured.
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| domain | founded_year | HQ Location |
Electric motorcycles with GPS trackers are manufactured by Tork Motors.
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| domain | founded_year | HQ Location |
Electric bicycles with advanced features are developed by Motovolt.
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| domain | founded_year | HQ Location |
Electric motorcycles with swappable batteries are manufactured by Orxa Energies.
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| domain | founded_year | HQ Location |
Manufacturing of high voltage electric motorcycles in India.
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Frequently Asked Questions about Hop Electric Mobility
Hop Electric Mobility was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Hop Electric Mobility is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Ketan Mehta is the current CEO of Hop Electric Mobility. They have also founded this company.
Hop Electric Mobility is a funded company, having raised a total of $2.6M across 1 funding round to date. The company's 1st funding round was a Seed of $2.6M, raised on Apr 08, 2022.
As of Mar 28, 2024, the latest employee count at Hop Electric Mobility is 106.
Annual revenue of Hop Electric Mobility is $8.29M as on Mar 31, 2023.
The company was founded in 2019 in Jaipur, India, and operates within the electric mobility sector. Various models of electric motorcycles are developed, incorporating specifications such as 95 kmph top speed, 150 km range, 72 V battery, and BLDC hub motor. Two models are currently available through the companys domain, hopelectric.in, with leadership provided by co-founders including Ketan Mehta as CEO.
Hop Electric Mobility's top competitors include Ultraviolette, Oben Electric and Tork Motors.
Hop Electric Mobility has 2 investors. Key investors include Rays Power Infra, and Genus Power Infrastructure.
The valuation of Hop Electric Mobility is $29.37M as of Apr 2022.