About IX Energy
IX Energy is a Transportation, Automotive & Logistics company based in Noida (India) founded in 2017 by Anshu Dewan. Low-cost kits for electrifying commercial vehicle fleets are developed. IX Energy has raised $460.27 thousand across 1 funding round from investors including Catch Foods. IX Energy was last valued at $4.29 million in March 2018. Its chief executive, as recorded, is Anshu Dewan. Its Indian entity Ix Energy Private Limited reported revenue of ₹30.4 Lakh. Its focus areas include Energy Tech, Electric Vehicles, Conversion Kits and Commercial Vehicles.
Company details
IX Energy was founded in 2017 in Noida, India, within the electric vehicle sector. Kits for converting gasoline-powered commercial fleets to electric operations are developed, focusing on feasibility and affordability for fleet owners. Products such as the Electric Synergy Drive (ESD) and Electric Energy Drive (EED) are offered to support this transition. Operations center on hardware solutions tailored for fleet electrification in the Indian market.
- Headquarters Noida, India
- Founders Anshu Dewan
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website ixenergy.in
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Ix Energy Private Limited
- Date of Incorporation 22 Nov, 2017
- Jurisdiction Delhi, India
- Annual Revenue₹30.4 Lakh
FY 2024 · -25% YoY
- Net Loss-₹2.26 Cr
FY 2024 · -744% margin
- EBITDA-₹2.20 Cr
FY 2024 · -724% margin
- Total Equity Funding$460.27K (USD)
in 1 rounds
- Latest Funding Round$460.27K (USD), Seed
Mar 2018
- Investors
Associated legal entities of IX Energy
IX Energy operates through Ix Energy 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 |
|---|---|---|---|---|---|---|---|
| Ix Energy Private Limited CIN U73100DL2017PTC326333 | Active | 22 Nov 2017 | Delhi, Delhi | ₹0.3 Cr | 99 | 2 | View details |
Apps and channels of IX Energy
its YouTube channel IX ENERGY PVT LTD has 611 subscribers.
Funding Insights of IX Energy
IX Energy has successfully raised a total of $460.27K through 1 strategic funding round. The most recent funding activity was a Seed round of $460.27 thousand completed in March 2018. 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 $460,272
- Total Rounds 1
- Last Round Seed — $460,272
- First Round $460,272
(Mar 2018)
- Investors Count 1
All 1 funding rounds of IX Energy 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 2018 | $460,272 | Seed | $4.29M | Catch Foods | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2018 | $4.29M | •••••••• |
Last known valuation $4.29M (Mar 2018). 1 investors in total: 1 institutional.
Investors in IX Energy
IX Energy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Catch Foods.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides high-quality spices, blends, and pastes for everyday Indian culinary needs. | 1929 | catchfoods.com | Noida, India |
Investor details for IX Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ix Energy Private Limited (IX Energy)
Ix Energy Private Limited is the primary company behind IX Energy. The board of Ix Energy Private Limited currently have 2 directors; the longest-serving is Anshu Dewan, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anshu Dewan DIN 02087771 | Director | 22 Nov 2017 | 8 yrs 11 mo | Ix Energy Private Limited |
| Divya Dewan DIN 08654793 | Director | 30 Dec 2019 | 6 yrs 9 mo | Ix Energy Private Limited |
People of IX Energy
1 people are tracked at IX Energy (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for IX Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of IX Energy
Figures of Ix Energy Private Limited, the primary company behind IX Energy, for FY 2024. Revenue was ₹30.4 Lakh (-25% year on year). Net loss was -₹2.26 Cr (-744% margin). EBITDA was -₹2.20 Cr (-724% margin). Revenue has grown at a compounded annual rate of +90% over three years and -15% over five years.
- ₹30.4 LakhRevenue · FY 2024 · -25% YoY
- -₹2.26 CrNet loss · -744% margin
- -₹2.20 CrEBITDA · -724% margin
- ₹18.56 CrPaid-up capital
- 99Employees (provident fund records)
- +90%Revenue CAGR, 3 years
- -15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ix Energy Private Limited are on its company page.
Detailed financial statements for IX Energy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of IX Energy
3 dated milestones of IX Energy across 1 years, from founding to its latest funding, stage changes and deals.
- Founded IX Energy is founded.
- Funding First funding round of $460K.
- Milestone Reaches Minicorn status.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as IX Energy (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 IX Energy
IX Energy was founded in 2017 and raised its 1st funding round 1 year after it was founded.
IX Energy is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Anshu Dewan is the CEO of IX Energy, as recorded in our data. They have also founded this company.
IX Energy is a funded company, having raised a total of $460.27K across 1 funding round to date. The company's 1st funding round was a Seed of $460.27K, raised on Mar 2018.
The primary company behind IX Energy, Ix Energy Private Limited, reported revenue of ₹30.4 Lakh for FY 2024, down 25% year on year.
IX Energy was founded in 2017 in Noida, India, within the electric vehicle sector. Kits for converting gasoline-powered commercial fleets to electric operations are developed, focusing on feasibility and affordability for fleet owners. Products such as the Electric Synergy Drive (ESD) and Electric Energy Drive (EED) are offered to support this transition. Operations center on hardware solutions tailored for fleet electrification in the Indian market.
IX Energy has 1 investor. Key investors include Catch Foods.
The valuation of IX Energy is $4.29M as of Mar 2018.
IX Energy operates through Ix Energy Private Limited.
The legal entities of IX Energy currently have 2 directors, including Anshu Dewan, Divya Dewan.