About Magenta Mobility
Magenta Mobility is a Transportation, Automotive & Logistics company based in Navi Mumbai (India) founded in 2018 by Darryl Dennis Dias and Maxson Alexander Lewis. Electric mobility solutions are provided for logistics delivery operations. It operates on a Mobility-as-a-Service and Product-as-a-Service model in Transportation, Automotive & Logistics and Energy & Utilities sectors. Magenta Mobility has raised $52.95 million across 13 funding rounds from investors including bp, Shell and Morgan Stanley. The company has 406 employees. Magenta Mobility was last valued at $41.33 million in February 2023. Its chief executive, as recorded, is Maxson Alexander Lewis. Its Indian entity Magenta Ev Solutions Private Limited reported revenue of ₹106 Cr. Magenta Mobility offers products and services including Logistics and Infomatics. Its focus areas include Transportation, Logistics and Sustainable Logistics. Its competitors include Bolt.Earth, Charge Zone and ETO Motors; 3 of its 3 listed competitors have raised funding.
Company details
Integrated electric mobility solutions are offered by Magenta Mobility, focusing on decarbonizing logistics. Safe, smart, and sustainable delivery solutions are provided through a 100 electric fleet, contributing to cleaner air and reduced greenhouse gas emissions. AI and IoT-enabled fleet management and data analytics are utilized to optimize logistics operations. The company operates in the transportation sector, targeting last-mile delivery and sustainable logistics for various industries, with a commitment to reducing carbon footprints.
- Headquarters Navi Mumbai, India
- Employees 406
- Founders Darryl Dennis Dias, Maxson Alexander Lewis
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website magentamobility.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Magenta Ev Solutions Pvt. Ltd.
- Date of Incorporation 15 Feb, 2018
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹106 Cr
FY 2026 · +27% YoY
- Net Loss-₹72.52 Cr
FY 2026 · -72% margin
- EBITDA-₹27.32 Cr
FY 2026 · -27% margin
- Total Equity Funding$52.95M (USD)
in 13 rounds
- Latest Funding Round$1.98M (USD), Series A
Mar 2026
- Investorsbp
& 57 more
- Employee Count406
Associated legal entities of Magenta Mobility
Magenta Mobility is associated with 2 registered companies on The Company Check; the primary company is Magenta Ev Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magenta Ev Solutions Private Limited CIN U40107MH2018PTC305106 | Active | 15 Feb 2018 | Navi Mumbai, Maharashtra | ₹106 Cr | 406 | 6 | View details |
| Magenta Power Private Limited CIN U40300MH2017PTC296161 | Active | 14 Jun 2017 | Navi Mumbai, Maharashtra | ₹0.3 Cr | 7 | 2 | View details |
Products & Services of Magenta Mobility
Magenta Mobility offers a comprehensive portfolio of products and services, including Logistics and Infomatics.
Electric fleet is used for sustainable logistics solutions.
AI-driven analytics are applied for optimizing fleet operations.
Apps and channels of Magenta Mobility
its YouTube channel Magenta Mobility has 565 subscribers and 24 videos.
Videos from Magenta Mobility
The most watched videos on Magenta Mobility's YouTube channel, Magenta Mobility (565 subscribers). Click a video to play it here.
More on Magenta Mobility.
Funding Insights of Magenta Mobility
Magenta Mobility has successfully raised a total of $52.95M across 13 strategic funding rounds. The most recent funding activity was a Series A round of $1.98 million completed in March 2026. 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 $52.95M
- Total Rounds 13
- Last Round Series A — $1.98M
- Investors Count 58
Latest 10 of 13 funding rounds of Magenta Mobility 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 2026 | $1.98M | Series A | – | – | – |
| Mar 2025 | $5.78M | Debt – Conventional | – | – | – |
| Mar 2025 | $5.78M | Series B | – | – | |
| Dec 2023 | $3.65M | Series A | – | – | |
| Sep 2023 | Debt – Conventional | – | – | ||
| Feb 2023 | $20M | Debt – Conventional | – | – | |
| Feb 2023 | $22M | Series A | $41.33M | BP Ventures, Morgan Stanley | – |
| May 2021 | $17.13M | Series A | $30.74M | Kiran C Patel, JITO Incubation & Innovation Foundation | |
| Mar 2021 | $622,645 | Seed | $••••• | Mahati Electrics | |
| Dec 2020 | $1.6M | Seed | $••••• | LetsVenture |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2023 | $41.33M | •••••••• |
| May 2021 | $30.74M | •••••••• |
| Mar 2021 | $••••• | •••••••• |
| Dec 2020 | $••••• | •••••••• |
| Nov 2019 | $••••• | •••••••• |
Full valuation and stage history of Magenta Mobility
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $41.33M (Feb 2023). 58 investors in total: 21 institutional and 37 angel.
Investors in Magenta Mobility
Magenta Mobility has secured backing from 58 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include bp, Shell and Morgan Stanley.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are incubated by the foundation in Mumbai, India. | jitojiif.com | Mumbai, India | ||
Investments are facilitated by an angel network across multiple sectors. | Mumbai, India | |||
Venture capital firm focused on early-stage investments | Guntur, India | |||
Micro venture capital fund focusing on health tech sector | Bengaluru, India | |||
bp is recognized as a global energy company. | 1909 | bp.com | United States | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Financial support is extended to micro, small, and medium enterprises. | 1990 | sidbi.in | Lucknow, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Limited information available |
Investor details for Magenta Mobility
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Board of directors of Magenta Ev Solutions Private Limited (Magenta Mobility)
Magenta Ev Solutions Private Limited is the primary company behind Magenta Mobility. The boards of the 2 registered companies of Magenta Mobility currently have 6 directors; the longest-serving is Maxson Alexander Lewis, appointed in 2018. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maxson Alexander Lewis DIN 06388490 | Director | 15 Feb 2018 | 8 yrs 8 mo | Magenta Ev Solutions Private Limited, Magenta Power Private Limited |
| Kiran Chhotubhai Patel DIN 08051053 | Nominee Director | 08 May 2021 | 5 yrs 6 mo | Magenta Ev Solutions Private Limited |
| Sophia Isabella Marie Nadur DIN 09333099 | Nominee Director | 07 Apr 2023 | 3 yrs 7 mo | Magenta Ev Solutions Private Limited |
| Shyamsundar Sundaresan Gurumoorthy DIN 02202523 | Nominee Director | 09 May 2023 | 3 yrs 5 mo | Magenta Ev Solutions Private Limited |
| Pranjul Gupta DIN 07823604 | Company Secretary | 29 Sep 2025 | 1 yr 1 mo | Magenta Ev Solutions Private Limited |
| Sujit Cherian DIN 07072034 | CEO | 29 Oct 2025 | 1 yr | Magenta Ev Solutions Private Limited, Magenta Power Private Limited |
People of Magenta Mobility
16 people are tracked at Magenta Mobility (8 in leadership, 8 in team); the tracked headcount is 406.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CPO | Leadership | |
| Co-Founder & CEO | Leadership | |
Satyen Sail | Chief Operating Officer | Leadership |
| Founder & CEO @ Magenta Mobility | Leadership | |
Scott Pharr | Sr. Managing Director - Accenture | Leadership |
Bhavesh Panchal | Chief Technology Officer | Leadership |
Aravind Kumar S R | Chief Financial Officer | Leadership |
Shahaji Nangare | Head Of Software Engineering | Leadership |
Neha Sengupta | Customer Relationship Management Lead | Team |
Kapil Yadav | Operation Manager-charging | Team |
Danny M | Business Development Executive | Team |
Shashank S. | C.t.o. | Team |
Amit Shinde | Senior Frontend Developer | Team |
Akhilesh Sinhasane | Business Development At Magenta EV Soulutions Pvt. LTD | Team |
Yogita Pawar | Associate Lead Talent Acquisition | Team |
Keval Doshi | Technician (charging And Digital Operations) | Team |
Complete people profiles for Magenta Mobility
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Financials of Magenta Mobility
Figures of Magenta Ev Solutions Private Limited, the primary company behind Magenta Mobility, for FY 2026. Revenue was ₹106 Cr (+27% year on year). Net loss was -₹72.52 Cr (-72% margin). EBITDA was -₹27.32 Cr (-27% margin). Revenue has grown at a compounded annual rate of +78% over three years and +135% over five years.
- ₹106 CrRevenue · FY 2026 · +27% YoY
- -₹72.52 CrNet loss · -72% margin
- -₹27.32 CrEBITDA · -27% margin
- ₹18.8 LakhPaid-up capital
- 406Employees (provident fund records)
- +78%Revenue CAGR, 3 years
- +135%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magenta Ev Solutions Private Limited are on its company page.
Detailed financial statements for Magenta Mobility
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Magenta Mobility
4 dated milestones of Magenta Mobility across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Magenta Mobility is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.0M.
Competitors of Magenta Mobility
Magenta Mobility has 3 listed competitors in our database, 3 of them funded. They include Bolt.Earth, Charge Zone and ETO Motors.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bolt.earth | 2017 | Bengaluru, India | $29.61M | 134 | EV charging hardware, software, and maintenance services are offered. | |
| chargezone.co.in | 2018 | Vadodara, India | $97.79M | 142 | Electric vehicle charging stations and management software are provided. | |
| etomotors.com | 2018 | Hyderabad, India | $15.2M | 109 | Online platform offering electric vehicles and fleet management solutions |
Detailed competitors of Magenta Mobility
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Web traffic of Magenta Mobility
The website of Magenta Mobility (magentamobility.com) receives about 7.2K visits a month.
- Monthly visits7.2K
▲ 210.2% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Magenta Mobility (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 37.93 M | 401 | |
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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Related news about Magenta Mobility
Complete news archive for Magenta Mobility
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Frequently Asked Questions about Magenta Mobility
Magenta Mobility was founded in 2018.
Magenta Mobility is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Maxson Alexander Lewis is the CEO of Magenta Mobility, as recorded in our data. They have also founded this company.
Magenta Mobility is a funded company, having raised a total of $52.95M across 13 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Jun 2018.
Magenta Mobility has 406 employees.
The primary company behind Magenta Mobility, Magenta Ev Solutions Private Limited, reported revenue of ₹106 Cr for FY 2026, up 27% year on year.
Integrated electric mobility solutions are offered by Magenta Mobility, focusing on decarbonizing logistics. Safe, smart, and sustainable delivery solutions are provided through a 100 electric fleet, contributing to cleaner air and reduced greenhouse gas emissions. AI and IoT-enabled fleet management and data analytics are utilized to optimize logistics operations. The company operates in the transportation sector, targeting last-mile delivery and sustainable logistics for various industries, with a commitment to reducing carbon footprints.
Magenta Mobility's top competitors include Bolt.Earth, Charge Zone and ETO Motors.
Magenta Mobility offers Logistics and Infomatics.
Magenta Mobility has 58 investors. Key investors include bp, Shell, Morgan Stanley, LetsVenture, and SIDBI.
The valuation of Magenta Mobility is $41.33M as of Feb 2023.
Magenta Mobility is associated with 2 legal entities: Magenta Ev Solutions Private Limited, Magenta Power Private Limited.