About Hornback
Hornback is a company based in Hyderabad (India) founded in 2022 by Rajkumar Kewat and Nishith Parikh. Hornback has raised $428.58 thousand across 2 funding rounds from investors including Amit Jain, Vivek Ramchandran and Kittur Family Trust. The company has 13 employees as of April 07, 2024. Hornback offers products and services including Hornback X1s, Hornback X1 Pro, Hornback Xpand+, Hornback M1, and Hornback PivotPro. Hornback operates in a competitive market with competitors including VanMoof, EMotorad, Rad Power Bikes, Cowboy and Urtopia, among others.
- Headquarter Hyderabad, India
- Employees 13 as on 07 Apr, 2024
- Founders Rajkumar Kewat, Nishith Parikh
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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 Hornback E-Mobility Private Limited
- Date of Incorporation 23 May, 2022
- Jurisdiction Rangareddy, Telangana, India
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Annual Revenue
$236.03 K (USD)0as on Mar 31, 2024
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Net Profit
-$238.61 K (USD)0as on Mar 31, 2024
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EBITDA
-$363.43 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$428.58 K (USD)
in 2 rounds
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Latest Funding Round
$60.38 K (USD), Angel Round
Feb 22, 2023
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Investors
Kittur Family Trust
& 13 more
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Employee Count
13
as on Apr 07, 2024
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Products & Services of Hornback
Hornback offers a comprehensive portfolio of products and services, including Hornback X1s, Hornback X1 Pro, Hornback Xpand+, Hornback M1, and Hornback PivotPro.
Foldable electric bike for urban commuting with safety features.
Advanced foldable bike offering enhanced range and performance.
Versatile hybrid bike for daily and adventure use.
Compact electric bike designed for easy storage and travel.
Bike accessory for improved handling and safety.
Funding Insights of Hornback
Hornback has successfully raised a total of $428.58K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $60.38 thousand completed in February 2023. 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 2
- Last Round Angel Round — $60,379
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First Round
First Round
(15 Feb 2023)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2023 | Amount | Angel Round - Hornback | Valuation | Amit Jain |
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| Feb, 2023 | Amount | Seed - Hornback | Valuation | Vivek Ramchandran , Goolestan Investment |
Investors in Hornback
Hornback has secured backing from 14 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Amit Jain, Vivek Ramchandran and Kittur Family Trust.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm investing in multiple sectors
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Private equity firm focused on multiple sectors
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Investments & Acquisitions by Hornback
Financial Statements - Hornback
Hornback Comparisons
Competitors of Hornback
Hornback 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 VanMoof, EMotorad, Rad Power Bikes, Cowboy and Urtopia, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric bicycles with integrated technology are manufactured by VanMoof.
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| domain | founded_year | HQ Location |
Electric bicycles and e-bikes are offered via an online platform.
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| domain | founded_year | HQ Location |
Developer of electric bicycles
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| domain | founded_year | HQ Location |
Electric bicycles with integrated batteries and displays are developed.
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| domain | founded_year | HQ Location |
Electric bicycles are developed and manufactured by Urtopia.
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| domain | founded_year | HQ Location |
Electric bicycles were manufactured by Ultra Motor in the UK.
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Latest news on Hornback
Frequently Asked Questions about Hornback
Hornback was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Hornback is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Nishith Parikh is the current CEO of Hornback. They have also founded this company.
Hornback is a funded company, having raised a total of $428.58K across 2 funding rounds to date. The company's 1st funding round was a Seed of $368.2K, raised on Feb 15, 2023.
As of Apr 07, 2024, the latest employee count at Hornback is 13.
Annual revenue of Hornback is $236.03K as on Mar 31, 2024.
Hornback was established in 2022 in Hyderabad, India, as a platform focused on the electric mobility sector. Full-sized diamond frame bicycles that fold to half their size are offered, including models such as X1 and M1. Operations center on product distribution for urban commuting needs, with co-founders leading development and strategy from the Indian base.
Hornback's top competitors include VanMoof, Rad Power Bikes and Cowboy.
Hornback offers Hornback X1s, Hornback X1 Pro, Hornback Xpand+, Hornback M1, and Hornback PivotPro.
Hornback has 14 investors. Key investors include Amit Jain, Vivek Ramchandran, Kittur Family Trust, Arvind Kapil, and Vijay Nehra.