About Magenta Mobility
Magenta Mobility is a company based in Navi Mumbai (India) founded in 2018 by Darryl Dennis Dias and Maxson Alexander Lewis. It operates as a Mobility-as-a-Service and Product-as-a-Service. Magenta Mobility has raised $47.29 million across 9 funding rounds from investors including bp, Shell and Morgan Stanley. The company has 406 employees as of March 21, 2024. Magenta Mobility offers products and services including Logistics and Infomatics. Magenta Mobility operates in a competitive market with competitors including ChargePoint, Bolt.Earth, Charge Zone, ChargeNet Holdings and ETO Motors, among others.
- Headquarter Navi Mumbai, India
- Employees 406 as on 21 Mar, 2024
- Founders Darryl Dennis Dias, Maxson Alexander Lewis
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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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 Magenta Ev Solutions Pvt. Ltd.
- Date of Incorporation 15 Feb, 2018
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$2.25 M (USD)233.72as on Mar 31, 2023
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Net Profit
-$4.95 M (USD)-242.46as on Mar 31, 2023
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EBITDA
-$2.57 M (USD)-116.76as on Mar 31, 2023
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Total Equity Funding
$47.29 M (USD)
in 9 rounds
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Latest Funding Round
$5.78 M (USD), Series B
Mar 20, 2025
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Investors
bp
& 57 more
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Employee Count
406
as on Mar 21, 2024
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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.
People of Magenta Mobility
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Funding Insights of Magenta Mobility
Magenta Mobility has successfully raised a total of $47.29M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $5.78 million completed in March 2025. 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 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.
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Investments are facilitated by an angel network across multiple sectors.
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Investor details for Magenta Mobility
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Investments & Acquisitions by Magenta Mobility
Investment portfolio details for Magenta Mobility
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Financial Statements - Magenta Mobility
Detailed financials for Magenta Mobility
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Magenta Mobility Comparisons
Peer comparison for Magenta Mobility
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Competitors of Magenta Mobility
Magenta Mobility 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 ChargePoint, Bolt.Earth, Charge Zone, ChargeNet Holdings and ETO Motors, among others.
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Cloud-enabled EV charging stations are operated for diverse sectors.
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EV charging hardware, software, and maintenance services are offered.
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Electric vehicle charging stations and management software are provided.
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SaaS and AI-enabled platform offering electric vehicle charging and management solutions
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Online platform offering electric vehicles and fleet management solutions
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End-to-end EV supply chain solutions are delivered via a platform.
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Detailed competitors of Magenta Mobility
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Latest news on 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 current CEO of Magenta Mobility. They have also founded this company.
Magenta Mobility is a funded company, having raised a total of $47.29M across 9 funding rounds to date.
As of Mar 21, 2024, the latest employee count at Magenta Mobility is 406.
Annual revenue of Magenta Mobility is $2.25M as on Mar 31, 2023.
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, ChargePoint and Charge Zone.
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.