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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
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.
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K N Rammohan |
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Investor details for Magron Novus
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Investments & Acquisitions by Magron Novus
Investment portfolio details for Magron Novus
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Financial Statements - Magron Novus
Detailed financials for Magron Novus
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Magron Novus Comparisons
Peer comparison for Magron Novus
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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.
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High-performance electric motorcycles for street and sports use are engineered.
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Electric motorcycles and components are designed and manufactured.
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Electric motorcycles with GPS trackers are manufactured by Tork Motors.
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Electric bicycles with advanced features are developed by Motovolt.
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Electric motorcycles with swappable batteries are manufactured by Orxa Energies.
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Manufacturing of high voltage electric motorcycles in India.
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Detailed competitors of Magron Novus
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Latest news on Magron Novus
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Frequently Asked Questions about Magron Novus
Magron Novus was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Magron Novus is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abiram Menon Methil is the current CEO of Magron Novus. They have also founded this company.
Magron Novus is a funded company, having raised a total of $443.88K across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Magron Novus is 1.
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.
Magron Novus's top competitors include Ultraviolette, Oben Electric and Tork Motors.
Magron Novus offers hX-Series, SX-Series, and CX-Series.
Magron Novus has 38 investors. Key investors include K N Rammohan, Chikkalinge Ashokkumar Kebbahally, IP Ventures, Namit Agarwal, and Venkataraman Kannan.