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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People of IPLTech Electric
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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 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.
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.
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Venture capital fund focused on multiple sectors
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Venture capital fund investing in early stage, technology-centric opportunities
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Venture capital firm focused on multiple sectors
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Investor details for IPLTech Electric
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Investments & Acquisitions by IPLTech Electric
Investment portfolio details for IPLTech Electric
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Financial Statements - IPLTech Electric
Detailed financials for IPLTech Electric
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Ipltech Electric Comparisons
Peer comparison for IPLTech Electric
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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.
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Electric heavy-duty trucks are developed for logistics and construction sectors.
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Develops electric trucks with axial flux motors and batteries for Indian fleet owners.
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Developer of electric trucks
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Electric commercial vehicles are manufactured with OEM connections and managed.
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SaaS-enabled utility EVs for last-mile cargo transport are developed.
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Detailed competitors of IPLTech Electric
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Latest news on Ipltech Electric
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Frequently Asked Questions about IPLTech Electric
IPLTech Electric was founded in 2018 and raised its 1st funding round 1 year after it was founded.
IPLTech Electric is headquartered in Faridabad, India. It is registered at Faridabad, Haryana, India.
IPLTech Electric is a funded company, having raised a total of $1.84M across 3 funding rounds to date.
As of Apr 01, 2024, the latest employee count at IPLTech Electric is 100.
Annual revenue of IPLTech Electric is $4.01M as on Mar 31, 2024.
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.
IPLTech Electric's top competitors include Infraprime Logistics Technologies, Urban Sphere and Planet Electric.
IPLTech Electric has 26 investors. Key investors include TI Clean Mobility, Leo Capital, Anurag Aggarwal, Robin Aggarwal, and Sangeeta Singh.
The valuation of IPLTech Electric is $45.56M as of Jan 2021.