About Magnes
Magnes is a company based in Mumbai (India) founded in 2016 by Nikunj Shah and Sunit Shah. Magnes operates in a competitive market with competitors including EMotorad, eBik, Hornback, VAAN and GHM, among others.
- Headquarter Mumbai, India
- Founders Nikunj Shah, Sunit Shah
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
$272.71 K (USD)266as on Mar 31, 2024
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Net Profit
-$30.05 K (USD)9as on Mar 31, 2024
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EBITDA
$45.43 K (USD)636as on Mar 31, 2024
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Latest Funding Round
Not available
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Investors
FedEx
& 1 more
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Employee Count
Not available
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Funding Insights of Magnes
Investors in Magnes
Magnes has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FedEx and Social Alpha.
| Investor | Description | Founded Year | Domain | Location |
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Sustainable startups are supported via innovation curation and venture funding.
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Provider of logistics company offering package tracking, rates, and tools to support shippers and small businesses
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Investor details for Magnes
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Magnes
Investment portfolio details for Magnes
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Financial Statements - Magnes
Detailed financials for Magnes
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Magnes Comparisons
Peer comparison for Magnes
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Magnes
Magnes 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 EMotorad, eBik, Hornback, VAAN and GHM, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electric bicycles and e-bikes are offered via an online platform.
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Electric bicycles are manufactured with features for pedal-assisted riding.
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Foldable electric bicycles are provided by Hornback platform.
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Electric bicycles with removable batteries are manufactured by VAAN.
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Electric bicycles are designed, manufactured, and sold by GHM.
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Detailed competitors of Magnes
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Latest news on Magnes
Complete news archive for Magnes
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Frequently Asked Questions about Magnes
Magnes was founded in 2016 and raised its 1st funding round 7 years after it was founded.
Magnes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sunit Shah is the current CEO of Magnes. They have also founded this company.
Annual revenue of Magnes is $272.71K as on Mar 31, 2024.
Magnes was founded in 2016 in Mumbai, India, where electric bicycles and related vehicles are developed and produced. Operations focus on electric delivery bikes, cargo bikes, karts, and similar models equipped with lithium-ion batteries. The company operates within the electric vehicle sector, serving urban mobility needs in India through its manufacturing base.
Magnes has 2 investors. Key investors include FedEx, and Social Alpha.