About Magron Novus
Magron Novus is a company based in Bengaluru (India) founded in 2022 by Jahnavi Jaiswal and Abiram Menon Methil.. Magron Novus has raised $443.88 thousand across 2 funding rounds from investors including K N Rammohan, Chikkalinge Ashokkumar Kebbahally and IP Ventures. The company has 1 employees as of April 08, 2024. Magron Novus offers products and services including hX-Series, SX-Series, and CX-Series. Magron Novus operates in a competitive market with competitors including Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 08 Apr, 2024
- Founders Jahnavi Jaiswal, Abiram Menon Methil
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Sectors
Transportation, Automotive & Logistics
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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 Magron Novus Private Limited
- Date of Incorporation 31 Jan, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$443.88 K (USD)
in 2 rounds
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Latest Funding Round
$50.26 K (USD), Seed
Dec 27, 2024
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Investors
IP Ventures
& 37 more
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Employee Count
1
as on Apr 08, 2024
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Products & Services of Magron Novus
Magron Novus offers a comprehensive portfolio of products and services, including hX-Series, SX-Series, and CX-Series. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance EV with advanced power and range features.
Street-focused EV offering redefined riding experiences.
Commuter EV designed for efficient daily transportation.
Funding Insights of Magron Novus
Magron Novus has successfully raised a total of $443.88K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $50.26 thousand completed in December 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 Total Funding
- Total Rounds 2
- Last Round Seed — $50,265
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First Round
First Round
(10 Jul 2023)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2024 | Amount | Seed - Magron Novus | Valuation | K N Rammohan , Inflection Point Ventures | |
| Jul, 2023 | Amount | Seed - Magron Novus | Valuation | Inflection Point Ventures , P M Vivin |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magron Novus
Magron Novus has secured backing from 38 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include K N Rammohan, Chikkalinge Ashokkumar Kebbahally and IP Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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KN
K N Rammohan |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magron Novus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Magron Novus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magron Novus Comparisons
Competitors of Magron Novus
Magron Novus 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 Ultraviolette, Oben Electric, Tork Motors, Motovolt and Orxa Energies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-performance electric motorcycles for street and sports use are engineered.
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| domain | founded_year | HQ Location |
Electric motorcycles and components are designed and manufactured.
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| domain | founded_year | HQ Location |
Electric motorcycles with GPS trackers are manufactured by Tork Motors.
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| domain | founded_year | HQ Location |
Electric bicycles with advanced features are developed by Motovolt.
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| domain | founded_year | HQ Location |
Electric motorcycles with swappable batteries are manufactured by Orxa Energies.
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| domain | founded_year | HQ Location |
Manufacturing of high voltage electric motorcycles in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Magron Novus
When was Magron Novus founded?
Magron Novus was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Magron Novus located?
Magron Novus is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Magron Novus?
Abiram Menon Methil is the current CEO of Magron Novus. They have also founded this company.
Is Magron Novus a funded company?
Magron Novus is a funded company, having raised a total of $443.88K across 2 funding rounds to date. The company's 1st funding round was a Seed of $393.62K, raised on Jul 10, 2023.
How many employees does Magron Novus have?
As of Apr 08, 2024, the latest employee count at Magron Novus is 1.
What does Magron Novus do?
Magron Novus was founded in 2022 in Bengaluru, India, as a manufacturer in the electric vehicle sector. Electric motorcycles are produced across multiple models to address varied rider requirements. Advanced battery and motor technologies are integrated to enhance performance and range. Operations focus on efficient vehicle development, with emphasis placed on technological innovation in the industry.
Who are the top competitors of Magron Novus?
Magron Novus's top competitors include Ultraviolette, Oben Electric and Tork Motors.
What products or services does Magron Novus offer?
Magron Novus offers hX-Series, SX-Series, and CX-Series.
Who are Magron Novus's investors?
Magron Novus has 38 investors. Key investors include K N Rammohan, Chikkalinge Ashokkumar Kebbahally, IP Ventures, Namit Agarwal, and Venkataraman Kannan.