About Hop Electric Mobility
Hop Electric Mobility is a Transportation, Automotive & Logistics company based in Jaipur (India) founded in 2019 by Nikhil Bhatia, Ketan Mehta, and Rahil Gupta. Electric motorcycles are manufactured with advanced battery and motor features. Hop Electric Mobility has raised $2.9 million across 3 funding rounds from investors including Rays Power Infra, Genus Power Infrastructure and Brand Capital. The company has 106 employees. Hop Electric Mobility was last valued at $29.37 million in April 2022. Its chief executive, as recorded, is Ketan Mehta. Its Indian entity Hop Electric Mobility Private Limited reported revenue of ₹56.38 Cr. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Two Wheelers. Its competitors include Ultraviolette, Oben Electric and Tork Motors; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Jaipur, India
- Employees 106
- Founders Nikhil Bhatia, Ketan Mehta, Rahil Gupta
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website category Vehicles · Motorcycles
- Email••••••••
- Phone•••• ••••
- Website hopelectric.in
- Social LinkedIn X Facebook
- Legal Name Hop Electric Mobility Private Limited
- Date of Incorporation 31 Jan, 2020
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹56.38 Cr
FY 2024 · -18% YoY
- Net Loss-₹8.45 Cr
FY 2024 · -15% margin
- EBITDA-₹6.74 Cr
FY 2024 · -12% margin
- Total Equity Funding$2.9M (USD)
in 3 rounds
- Latest Funding Round$299.49K (USD), Angel Round
Mar 2025
- InvestorsRays Power Infra
& 2 more
- Employee Count106
Associated legal entities of Hop Electric Mobility
Hop Electric Mobility is associated with 2 registered companies on The Company Check; the primary company is Hop Electric Mobility Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hop Electric Mobility Private Limited CIN U74999RJ2020PTC068051 | Active | 31 Jan 2020 | Jaipur, Rajasthan | ₹56.4 Cr | 106 | 4 | View details |
| Hop Electric Manufacturing Private Limited CIN U34300RJ2021PTC078630 | Active | 14 Dec 2021 | Jaipur, Rajasthan | ₹104 Cr | 36 | 2 | View details |
Funding Insights of Hop Electric Mobility
Hop Electric Mobility has successfully raised a total of $2.9M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $299.49 thousand completed in March 2025. 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 $2.9M
- Total Rounds 3
- Last Round Angel Round — $299,489
- First Round $2.6M
(Apr 2022)
- Investors Count 3
All 3 funding rounds of Hop Electric 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 |
|---|---|---|---|---|---|
| Mar 2025 | $299,489 | Angel Round | – | – | – |
| Aug 2023 | Seed | – | Brand Capital | – | |
| Apr 2022 | $2.6M | Seed | $29.37M | Rays Power Infra |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $29.37M | •••••••• |
Last known valuation $29.37M (Apr 2022). 3 investors in total: 3 institutional.
Investors in Hop Electric Mobility
Hop Electric Mobility has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Rays Power Infra, Genus Power Infrastructure and Brand Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| brandcapital.co.in | ||||
Turnkey solar engineering, procurement, and construction solutions are provided. | 2011 | rayspowerinfra.com | Jaipur, India | |
Advanced metering infrastructure, smart meters and, solar panel manufacturer | 1992 | genus.in | Jaipur, India |
Investor details for Hop Electric Mobility
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Board of directors of Hop Electric Mobility Private Limited (Hop Electric Mobility)
Hop Electric Mobility Private Limited is the primary company behind Hop Electric Mobility. The boards of the 2 registered companies of Hop Electric Mobility currently have 5 directors; the longest-serving is Rahil Gupta, appointed in 2021. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahil Gupta DIN 08155067 | Director | 08 Dec 2021 | 4 yrs 10 mo | Hop Electric Mobility Private Limited |
| Ketan Mehta DIN 03044292 | Director | 31 Mar 2022 | 4 yrs 7 mo | Hop Electric Mobility Private Limited |
| Nikhil Bhatia DIN 09284069 | Director | 31 Mar 2022 | 4 yrs 7 mo | Hop Electric Mobility Private Limited, Hop Electric Manufacturing Private Limited |
| Yash Todi DIN 08034207 | Director | 24 May 2023 | 3 yrs 5 mo | Hop Electric Mobility Private Limited |
| Hitender DIN 10895364 | Additional Director | 03 Jan 2025 | 1 yr 9 mo | Hop Electric Manufacturing Private Limited |
People of Hop Electric Mobility
3 people are tracked at Hop Electric Mobility (3 in leadership); the tracked headcount is 106.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Hop Electric Mobility
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Financials of Hop Electric Mobility
Figures of Hop Electric Mobility Private Limited, the primary company behind Hop Electric Mobility, for FY 2024. Revenue was ₹56.38 Cr (-18% year on year). Net loss was -₹8.45 Cr (-15% margin). EBITDA was -₹6.74 Cr (-12% margin). Revenue has grown at a compounded annual rate of +456% over three years.
- ₹56.38 CrRevenue · FY 2024 · -18% YoY
- -₹8.45 CrNet loss · -15% margin
- -₹6.74 CrEBITDA · -12% margin
- ₹20.9 LakhPaid-up capital
- 106Employees (provident fund records)
- +456%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Hop Electric Mobility Private Limited are on its company page.
Detailed financial statements for Hop Electric Mobility
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Timeline of Hop Electric Mobility
4 dated milestones of Hop Electric Mobility across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Hop Electric Mobility is founded.
- Funding First funding round of $2.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $299K.
Competitors of Hop Electric Mobility
Hop Electric Mobility has 3 listed competitors in our database, 3 of them funded. They include Ultraviolette, Oben Electric and Tork Motors.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ultraviolette.com | 2016 | Bengaluru, India | $103.97M | 358 | High-performance electric motorcycles for street and sports use are engineered. | |
| obenelectric.com | 2020 | Bengaluru, India | $27.36M | 198 | Electric motorcycles and components are designed and manufactured. | |
| torkmotors.com | 2010 | Pimpri Chinchwad, India | $10.2M | 209 | Electric motorcycles with GPS trackers are manufactured by Tork Motors. |
Detailed competitors of Hop Electric Mobility
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Web traffic of Hop Electric Mobility
The website of Hop Electric Mobility (hopelectric.in) receives about 3.4K visits a month and ranks #5,766,379 among all websites worldwide, #9,744 in Motorcycles.
- Monthly visits3.4K
▲ 16.3% vs previous month
- Unique visitors1.2K
per month
- Global rank#5,766,379
among all websites
- Category rank#9,744
Vehicles · Motorcycles
- Bounce rate40%
- Pages per visit1.7
- Average visit31 sec
- DevicesDesktop 33% · Mobile 67%
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Hop Electric 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 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Related news about Hop Electric Mobility
Complete news archive for Hop Electric Mobility
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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 CEO of Hop Electric Mobility, as recorded in our data. They have also founded this company.
Hop Electric Mobility is a funded company, having raised a total of $2.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.6M, raised on Apr 2022.
Hop Electric Mobility has 106 employees.
The primary company behind Hop Electric Mobility, Hop Electric Mobility Private Limited, reported revenue of ₹56.38 Cr for FY 2024, down 18% year on year.
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 3 investors. Key investors include Rays Power Infra, Genus Power Infrastructure, and Brand Capital.
The valuation of Hop Electric Mobility is $29.37M as of Apr 2022.
Hop Electric Mobility is associated with 2 legal entities: Hop Electric Mobility Private Limited, Hop Electric Manufacturing Private Limited.
The legal entities of Hop Electric Mobility currently have 5 directors, including Ketan Mehta, Nikhil Bhatia, Rahil Gupta and others.