About IPLTech Electric
IPLTech Electric is a company based in Faridabad (India) founded in 2018 by Chetan Singhal, Subodh Yadav, and Sid Das was acquired by TI Clean Mobility in July 2022.. IPLTech Electric has raised $1.84 million across 3 funding rounds from investors including TI Clean Mobility, Leo Capital and Anurag Aggarwal. The company has 100 employees as of April 01, 2024. IPLTech Electric operates in a competitive market with competitors including Infraprime Logistics Technologies, Tresa Motors, Infraprime EVs, Urban Sphere and ZookEV, among others.
- Headquarter Faridabad, India
- Employees 100 as on 01 Apr, 2024
- Founders Chetan Singhal, Subodh Yadav, Sid Das
- 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 Ipltech Electric Private Limited
- Date of Incorporation 06 Aug, 2019
- Jurisdiction Nsg Camp Manesar, Haryana, India
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Annual Revenue
$4.01 M (USD)336.65as on Mar 31, 2024
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Net Profit
$-10.14 M (USD)-120.72as on Mar 31, 2024
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EBITDA
$-8.63 M (USD)-129.11as on Mar 31, 2024
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Total Equity Funding
$1.84 M (USD)
in 3 rounds
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Latest Funding Round
$670.02 K (USD), Angel Round
Jan 30, 2021
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Investors
TI Clean Mobility
& 25 more
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Employee Count
100
as on Apr 01, 2024
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Acquired by
TI Clean Mobility
(Jul 18, 2022)
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Funding Insights of IPLTech Electric
IPLTech Electric has successfully raised a total of $1.84M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $670.02 thousand completed in January 2021. 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 3
- Last Round Angel Round — $670,017
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First Round
First Round
(29 Nov 2019)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Angel Round - IPLTech Electric | Valuation | Anurag Aggarwal , Robin Aggarwal |
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| May, 2020 | Amount | Angel Round - IPLTech Electric | Valuation | A A Soloviev | |
| Nov, 2019 | Amount | Series A - IPLTech Electric | Valuation | Shambho Trust , Leo Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IPLTech Electric
IPLTech Electric has secured backing from 26 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include TI Clean Mobility, Leo Capital and Anurag Aggarwal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund investing in early stage, technology-centric opportunities
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IPLTech Electric
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - IPLTech Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ipltech Electric Comparisons
Competitors of IPLTech Electric
IPLTech Electric 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 Infraprime Logistics Technologies, Tresa Motors, Infraprime EVs, Urban Sphere and ZookEV, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric heavy-duty trucks are developed for logistics and construction sectors.
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| domain | founded_year | HQ Location |
Develops electric trucks with axial flux motors and batteries for Indian fleet owners.
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| domain | founded_year | HQ Location |
Developer of electric trucks
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| domain | founded_year | HQ Location |
Electric commercial vehicles are manufactured with OEM connections and managed.
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| domain | founded_year | HQ Location |
SaaS-enabled utility EVs for last-mile cargo transport are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ipltech Electric
Frequently Asked Questions about IPLTech Electric
When was IPLTech Electric founded?
IPLTech Electric was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is IPLTech Electric located?
IPLTech Electric is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.
Is IPLTech Electric a funded company?
IPLTech Electric is a funded company, having raised a total of $1.84M across 3 funding rounds to date. The company's 1st funding round was a Series A of $910.16K, raised on Nov 29, 2019.
How many employees does IPLTech Electric have?
As of Apr 01, 2024, the latest employee count at IPLTech Electric is 100.
What is the annual revenue of IPLTech Electric?
Annual revenue of IPLTech Electric is $4.01M as on Mar 31, 2024.
What does IPLTech Electric do?
IPLTech Electric was founded in 2018 and is based in Faridabad, India. Operations center on the development of electric trucks in the automotive sector, with the Rhino model incorporating a 258 kWh battery for extended range, 346 HP power output, geofencing capabilities, live vehicle tracking, and regenerative braking systems. Focus remains on sustainable transportation solutions for commercial use.
Who are the top competitors of IPLTech Electric?
IPLTech Electric's top competitors include Infraprime Logistics Technologies, Urban Sphere and Planet Electric.
Who are IPLTech Electric's investors?
IPLTech Electric has 26 investors. Key investors include TI Clean Mobility, Leo Capital, Anurag Aggarwal, Robin Aggarwal, and Sangeeta Singh.
What is IPLTech Electric's valuation?
The valuation of IPLTech Electric is $45.56M as of Jan 2021.