About Indibike
Indibike is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2022. It manufactures high-quality electric scooters for urban mobility. It operates on a B2C model. The company has 20 employees. Its Indian entity Buymyev Technology Private Limited reported revenue of ₹1.2 Lakh. Its focus areas include Transportation, Electric Vehicles, Scooters and Manufacturing. Similar companies include Ola Electric, Ather Energy and BGauss; 3 of its 3 listed similar companies have raised funding.
Company details
Indibike manufactures high-quality electric scooters for urban mobility, focusing on providing transportation services, developing electric vehicles, scooters, and producing manufactured goods. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 20
- SectorsTransportation, Automotive & Logistics
- Website indibike.in
- Legal Name Buymyev Technology Private Limited
- Date of Incorporation 21 Feb, 2019
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹1.2 Lakh
FY 2024 · -79% YoY
- Net Loss-₹1.98 Cr
FY 2024 · -16231% margin
- EBITDA-₹1.49 Cr
FY 2024 · -12207% margin
- Employee Count20
Associated legal entities of Indibike
Indibike operates through Buymyev Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Buymyev Technology Private Limited CIN U34203KA2019PTC121703 | Active | 21 Feb 2019 | Bengaluru, Karnataka | ₹0.0 Cr | 20 | 3 | View details |
Board of directors of Buymyev Technology Private Limited (Indibike)
Buymyev Technology Private Limited is the primary company behind Indibike. The board of Buymyev Technology Private Limited currently have 3 directors; the longest-serving is Varsha Vasudeva, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varsha Vasudeva DIN 08369626 | Director | 21 Feb 2019 | 7 yrs 8 mo | Buymyev Technology Private Limited |
| Vivek Sharanappa Hebbal DIN 08369625 | Director | 21 Feb 2019 | 7 yrs 8 mo | Buymyev Technology Private Limited |
| Bobby Mohanty DIN 01965745 | Nominee Director | 25 Oct 2021 | 5 yrs | Buymyev Technology Private Limited |
Financials of Indibike
Figures of Buymyev Technology Private Limited, the primary company behind Indibike, for FY 2024. Revenue was ₹1.2 Lakh (-79% year on year). Net loss was -₹1.98 Cr (-16231% margin). EBITDA was -₹1.49 Cr (-12207% margin). Revenue has grown at a compounded annual rate of -39% over three years.
- ₹1.2 LakhRevenue · FY 2024 · -79% YoY
- -₹1.98 CrNet loss · -16231% margin
- -₹1.49 CrEBITDA · -12207% margin
- ₹1.8 LakhPaid-up capital
- 20Employees (provident fund records)
- -39%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Buymyev Technology Private Limited are on its company page.
Detailed financial statements for Indibike
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- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Indibike
Indibike has 3 listed similar companies in our database, 3 of them funded. They include Ola Electric, Ather Energy and BGauss.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| olaelectric.com | 2017 | Bengaluru, India | $999.91M | 3,520 | Electric scooters and motorcycles are manufactured with related accessories. | |
| atherenergy.com | 2013 | Bengaluru, India | $502.02M | 1,755 | Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | |
| bgauss.com | 2020 | Mumbai, India | $24.37M | 633 | Retailer of electric scooters offering test rides, maintenance, and financing |
Detailed similar companies of Indibike
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- Full competitor set
- Operating metrics
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Web traffic of Indibike
The website of Indibike (indibike.in) receives about 1.3K visits a month.
- Monthly visits1.3K
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Indibike (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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Frequently Asked Questions about Indibike
Indibike was founded in 2022.
Indibike is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Indibike has 20 employees.
The primary company behind Indibike, Buymyev Technology Private Limited, reported revenue of ₹1.2 Lakh for FY 2024, down 79% year on year.
Indibike manufactures high-quality electric scooters for urban mobility, focusing on providing transportation services, developing electric vehicles, scooters, and producing manufactured goods. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Indibike's top competitors include Ather Energy, Ola Electric and BGauss.
Indibike operates through Buymyev Technology Private Limited.
The legal entities of Indibike currently have 3 directors, including Bobby Mohanty, Varsha Vasudeva, Vivek Sharanappa Hebbal.