About Lithion Power
Lithion Power is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2016 by Prem Chand Gupta, Chandrashekhar Bhide, and Piyush Gupta. It operates as a battery swapping network is operated for multi-category electric vehicles. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Lithion Power has raised $2.74 million across 9 funding rounds from investors including Prime Securities, Setu Securities and GKK Capital Markets. The company has 22 employees. Lithion Power was last valued at $9.76 million in September 2024. Its chief executive is Piyush Gupta. Its Indian entity Lithion Power Private Limited reported revenue of ₹3.73 Cr. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Battery Management System. Its competitors include Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies and 2 more; 6 of its 7 listed competitors have raised funding.
Company details
Lithion Power was founded in 2016 in Delhi, India, within the electric vehicle sector. A network for battery swapping is maintained to support multi-category vehicles, including electric bikes and three-wheelers. Battery-as-a-service is provided, enabling owners to exchange drained batteries for charged ones at designated stations, thereby reducing downtime. Operations are centered on urban mobility solutions in India.
- Headquarters Delhi, India
- Employees 22
- Founders Prem Chand Gupta, Chandrashekhar Bhide, Piyush Gupta
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website lithionpower.com
- Social LinkedIn X
- Legal Name Lithion Power Private Limited
- Date of Incorporation 28 Aug, 2017
- Jurisdiction Delhi, India
- Annual Revenue₹3.73 Cr
FY 2025 · -13% YoY
- Net Loss-₹4.73 Cr
FY 2025 · -127% margin
- EBITDA-₹4.45 Cr
FY 2025 · -120% margin
- Total Equity Funding$2.74M (USD)
in 9 rounds
- Latest Funding Round$717.55K (USD), Seed
Sep 2024
- InvestorsPrime Securities
& 51 more
- Employee Count22
Associated legal entities of Lithion Power
Lithion Power operates through Lithion Power Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lithion Power Private Limited CIN U74999DL2017PTC322795 | Active | 28 Aug 2017 | Delhi, Delhi | ₹3.7 Cr | 22 | 6 | View details |
Funding Insights of Lithion Power
Lithion Power has successfully raised a total of $2.74M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $717.55 thousand completed in September 2024. 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 $2.74M
- Total Rounds 9
- Last Round Seed — $717,552
- First Round $97,723
(Nov 2017)
- Investors Count 52
All 9 funding rounds of Lithion Power 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 |
|---|---|---|---|---|---|
| Sep 2024 | $717,552 | Seed | $9.76M | Setu Securities | |
| Dec 2022 | $109,235 | Angel Round | $10.47M | Tejas Shah | |
| Jul 2022 | $63,346 | Angel Round | $••••• | Sangeet Kumar | – |
| Mar 2022 | $198,077 | Angel Round | $••••• | – | |
| Jan 2022 | $432,963 | Seed | $••••• | Prime Securities | – |
| Sep 2021 | $477,106 | Seed | $••••• | Multiplier Share And Stock Advisors, Multiplier Share And Stock Advisors | |
| Mar 2021 | $137,253 | Angel Round | $••••• | Subodh Gupta | – |
| Apr 2018 | $508,424 | Seed | $••••• | Aditya Kumar Singhania | |
| Nov 2017 | $97,723 | Seed | $••••• | Sweat Equity Partners |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $9.76M | •••••••• |
| Dec 2022 | $10.47M | •••••••• |
| Jul 2022 | $••••• | •••••••• |
| Mar 2022 | $••••• | •••••••• |
| Jan 2022 | $••••• | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Mar 2021 | $••••• | •••••••• |
| Apr 2018 | $••••• | •••••••• |
Full valuation and stage history of Lithion Power
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $9.76M (Sep 2024). 52 investors in total: 7 institutional and 45 angel.
Investors in Lithion Power
Lithion Power has secured backing from 52 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Prime Securities, Setu Securities and GKK Capital Markets.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are targeted by the private equity firm. | – | multipliershareandstockadvisors.tcc.mode | Mumbai, India | |
Private equity investments are made for buyouts and expansions. | – | seplp.com | Houston, United States | |
Venture capital firm focused on multiple sectors | – | purplepatchventures.tcc.mode | - | |
Securities services are offered in Mumbai, India. | – | setusecurities.tcc.mode | Mumbai, India | |
Capital markets services are facilitated in Kolkata, India. | – | gkkcapitalmarkets.tcc.mode | Kolkata, India | |
Investment banking and corporate advisory services are offered. | 1982 | primesec.com | Mumbai, India | |
Stock and share advisory services are offered in Mumbai. | – | multipliersharestockadvisors.tcc.mode | Mumbai, India | |
TS Tejas Shah | - | – | unknown_1e6dee1e37ef421f9 | - |
RP Rajeev Praful Shah | - | – | unknown_b98fa26cd32e4a309 | - |
PS Parag Shah | Angel investor, entrepreneur, focused on tech startups, based in India | – | unknown_fdc81ffd4e974ecc8 | - |
Investor details for Lithion Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Lithion Power Private Limited (Lithion Power)
Lithion Power Private Limited is the primary company behind Lithion Power. The board of Lithion Power Private Limited currently have 6 directors; the longest-serving is Piyush Prakash Gupta, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Piyush Prakash Gupta DIN 07745401 | Director | 28 Aug 2017 | 9 yrs 1 mo | Lithion Power Private Limited |
| Prem Chand Gupta DIN 01085556 | Director | 28 Aug 2017 | 9 yrs 1 mo | Lithion Power Private Limited |
| Shirish Agarwal DIN 08107274 | Director | 04 Feb 2019 | 7 yrs 8 mo | Lithion Power Private Limited |
| Rajiv Kumar Vij DIN 00410246 | Director | 04 Feb 2019 | 7 yrs 8 mo | Lithion Power Private Limited |
| Jeremy Lim Fung Yen DIN 08089929 | Director | 04 Feb 2019 | 7 yrs 8 mo | Lithion Power Private Limited |
| Subodh Gupta DIN 06865775 | Director | 10 Mar 2021 | 5 yrs 7 mo | Lithion Power Private Limited |
People of Lithion Power
8 people are tracked at Lithion Power (3 in leadership, 5 in team); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Chandrashekhar Bhide | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Digvijay Singh | Testing And Validation Engineer(research And Development | Team |
Shilpa Singh | Sales And Marketing Specialist | Team |
Anil K. S. | Consultant - Embedded Product Design -iot Enabled BLDC Motor Controller For EV And Lithium Ion BMS | Team |
Jaishree M. | Product Engineer | Team |
Kishor Joshi | Assistant Manager | Team |
Complete people profiles for Lithion Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Lithion Power
Figures of Lithion Power Private Limited, the primary company behind Lithion Power, for FY 2025. Revenue was ₹3.73 Cr (-13% year on year). Net loss was -₹4.73 Cr (-127% margin). EBITDA was -₹4.45 Cr (-120% margin). Revenue has grown at a compounded annual rate of +40% over three years and +1% over five years.
- ₹3.73 CrRevenue · FY 2025 · -13% YoY
- -₹4.73 CrNet loss · -127% margin
- -₹4.45 CrEBITDA · -120% margin
- ₹13.2 LakhPaid-up capital
- 22Employees (provident fund records)
- +40%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lithion Power Private Limited are on its company page.
Detailed financial statements for Lithion Power
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Lithion Power
4 dated milestones of Lithion Power across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Lithion Power is founded.
- Funding First funding round of $98K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $718K.
Competitors of Lithion Power
Lithion Power has 7 listed competitors in our database, 6 of them funded. They include Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eatron.com | 2017 | Warwick, United Kingdom | $15.06M | 28 | AI-enabled battery management and motion control systems are developed. | |
| ionenergy.co | 2016 | Mumbai, India | $6.16M | 102 | Battery intelligence platform for utility-scale energy storage systems is developed. | |
| electravehicles.com | 2015 | Boston, United States | $24.6M | 15 | Battery management systems for electric vehicles are developed and provided. | |
| wae.com | 2010 | Wantage, United Kingdom | – | 510 | Battery management systems for electric vehicles are provided. | |
| breathebatteries.com | 2019 | London, United Kingdom | $31M | 17 | Physics-based battery management software is developed for batteries. | |
| brillpower.com | 2015 | Oxford, United Kingdom | $16.41M | 32 | Battery management systems are developed for modular lithium battery packs. | |
| qnovo.com | 2009 | Milpitas, United States | $32.6M | 20 | Battery management software is developed for e-mobility applications. |
Detailed competitors of Lithion Power
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Lithion Power
The website of Lithion Power (lithionpower.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 18.1% vs previous month
Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Lithion Power (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
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 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Frequently Asked Questions about Lithion Power
Lithion Power was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Lithion Power is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Piyush Gupta is the current CEO of Lithion Power. They have also founded this company.
Lithion Power is a funded company, having raised a total of $2.74M across 9 funding rounds to date. The company's 1st funding round was a Seed of $97.72K, raised on Nov 2017.
Lithion Power has 22 employees.
The primary company behind Lithion Power, Lithion Power Private Limited, reported revenue of ₹3.73 Cr for FY 2025, down 13% year on year.
Lithion Power was founded in 2016 in Delhi, India, within the electric vehicle sector. A network for battery swapping is maintained to support multi-category vehicles, including electric bikes and three-wheelers. Battery-as-a-service is provided, enabling owners to exchange drained batteries for charged ones at designated stations, thereby reducing downtime. Operations are centered on urban mobility solutions in India.
Lithion Power's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
Lithion Power has 52 investors. Key investors include Prime Securities, Setu Securities, GKK Capital Markets, Tejas Shah, and Rajeev Praful Shah.
The valuation of Lithion Power is $9.76M as of Sep 2024.
Lithion Power operates through Lithion Power Private Limited.
The legal entities of Lithion Power currently have 6 directors, including Piyush Prakash Gupta, Subodh Gupta, Shirish Agarwal and others.