About Mindra EV
Mindra EV is an Energy & Utilities company based in Ahmedabad (India) founded in 2022. It produces high-quality electric vehicle chargers for commercial use. It operates on a B2B model. Mindra EV has raised $271.43 thousand across 2 funding rounds. The company has 31 employees. Its Indian entity Mindra Ev Private Limited reported revenue of ₹29.28 Cr. Its focus areas include Manufacturing, Energy Solutions, Electric Vehicle Accessories and Chargers. Its competitors include Wallbox, POD Point, Span.IO, CTEK and EO Charging and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Mindra EV produces high-quality electric vehicle chargers for commercial use, focusing on producing manufactured goods, energy solutions, electric vehicle accessories, and chargers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Ahmedabad, India
- Employees 31
- SectorsEnergy & Utilities
- Website mindraev.com
- Legal Name Mindra Ev Private Limited
- Date of Incorporation 31 May, 2022
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹29.28 Cr
FY 2024 · +463% YoY
- Net Profit₹64 Lakh
FY 2024 · 2% margin
- EBITDA₹2.01 Cr
FY 2024 · 7% margin
- Total Equity Funding$271.43K (USD)
in 2 rounds
- Latest Funding Round$181.36K (USD), Angel Round
Aug 2023
- Employee Count31
Associated legal entities of Mindra EV
Mindra EV operates through Mindra Ev Private Limited (under cirp). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mindra Ev Private Limited CIN U32309GJ2022PTC132525 | Under Cirp | 31 May 2022 | Ahmedabad, Gujarat | ₹29.3 Cr | 31 | 4 | View details |
Funding Insights of Mindra EV
Mindra EV has successfully raised a total of $271.43K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $181.36 thousand completed in August 2023. 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 $271,432
- Total Rounds 2
- Last Round Angel Round — $181,358
- First Round $90,074
(Oct 2022)
All 2 funding rounds of Mindra EV 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 |
|---|---|---|---|---|---|
| Aug 2023 | $181,358 | Angel Round | – | – | – |
| Oct 2022 | $90,074 | Seed | – | – | – |
Board of directors of Mindra Ev Private Limited (Mindra EV)
Mindra Ev Private Limited is the primary company behind Mindra EV. The board of Mindra Ev Private Limited currently have 4 directors; the longest-serving is Jainam Miteshbhai Shah, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jainam Miteshbhai Shah DIN 08026113 | Director | 31 May 2022 | 4 yrs 4 mo | Mindra Ev Private Limited |
| Khushbu Dhavalbhai Shah DIN 08738305 | Director | 31 May 2022 | 4 yrs 4 mo | Mindra Ev Private Limited |
| Dhairya Miteshbhai Shah DIN 09138278 | Director | 31 May 2022 | 4 yrs 4 mo | Mindra Ev Private Limited |
| Dhaval Hasmukhlal Shah DIN 03598439 | Director | 25 Jan 2023 | 3 yrs 8 mo | Mindra Ev Private Limited |
Financials of Mindra EV
Figures of Mindra Ev Private Limited, the primary company behind Mindra EV, for FY 2024. Revenue was ₹29.28 Cr (+463% year on year). Net profit was ₹64 Lakh (2% margin). EBITDA was ₹2.01 Cr (7% margin).
- ₹29.28 CrRevenue · FY 2024 · +463% YoY
- ₹64 LakhNet profit · 2% margin
- ₹2.01 CrEBITDA · 7% margin
- ₹1.1 LakhPaid-up capital
- 31Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Mindra Ev Private Limited are on its company page.
Detailed financial statements for Mindra EV
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mindra EV
3 dated milestones of Mindra EV across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Mindra EV is founded.
- Funding First funding round of $90K.
- Funding Latest funding round, Angel Round, of $181K.
Competitors of Mindra EV
Mindra EV has 8 listed competitors in our database, 7 of them funded. They include Wallbox, POD Point, Span.IO, CTEK and EO Charging, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wallbox.com | 2015 | Barcelona, Spain | $70.19M | 1 | Provider of electric-vehicle charging solutions | |
| pod-point.com | 2009 | London, United Kingdom | $58.39M | 494 | Provider of electric vehicle charging solutions | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| ctek.com | 1997 | Vikmanshyttan, Sweden | $123.05M | – | EV chargers for automotive batteries are manufactured and distributed worldwide. | |
| eocharging.com | 2014 | London, United Kingdom | $100.56M | 66 | EV charging points for car parks are designed and manufactured. | |
| evbox.com | 2010 | Amsterdam, Netherlands | – | 6 | EV charging equipment and public infrastructure are designed and developed. | |
| myenergi.com | 2016 | Market Rasen, United Kingdom | $36.77M | 257 | Electric vehicle charger solutions are provided by myenergi. | |
| semaconnect.com | 2008 | Bowie, United States | $27.2M | 109 | Provider of EV charging solutions |
Detailed competitors of Mindra EV
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Mindra EV
The website of Mindra EV (mindraev.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 385.1% vs previous month
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Mindra EV (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Mindra EV
Mindra EV was founded in 2022.
Mindra EV is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Mindra EV is a funded company, having raised a total of $271.43K across 2 funding rounds to date. The company's 1st funding round was a Seed of $90.07K, raised on Oct 2022.
Mindra EV has 31 employees.
The primary company behind Mindra EV, Mindra Ev Private Limited, reported revenue of ₹29.28 Cr for FY 2024, up 463% year on year.
Mindra EV produces high-quality electric vehicle chargers for commercial use, focusing on producing manufactured goods, energy solutions, electric vehicle accessories, and chargers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Mindra EV operates through Mindra Ev Private Limited.
The legal entities of Mindra EV currently have 4 directors, including Dhaval Hasmukhlal Shah, Jainam Miteshbhai Shah, Khushbu Dhavalbhai Shah and others.