About Morph Electric
Morph Electric is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2022 by M Raviteja Reddy and Venkata Nori. Electric conversion kits for two-wheelers are provided. Morph Electric has raised $194.51 thousand across 1 funding round. The company has 1 employees. Morph Electric was last valued at $2.63 million in August 2023. Its chief executive, as recorded, is Venkata Nori. Its Indian entity Altnxt Energy Private Limited reported revenue of ₹6.9 Lakh. Morph Electric offers products and services including Retrofitting Service and E-powertrain. Its focus areas include Energy Tech, Electric Vehicles, Conversion Kits and Motorcycles. Its competitors include Starya and Evrex Automotive; 1 of its 2 listed competitors has raised funding.
Company details
Morph Electric was founded in 2022 in Hyderabad, India. Electric conversion kits for two-wheelers are supplied by the company, encompassing electric motors, controllers, batteries, and related components. Operations are focused on the electric mobility sector, where existing two-wheelers are retrofitted for electric propulsion. The business targets the Indian market, supporting sustainable transportation transitions through these conversion solutions.
- Headquarters Hyderabad, India
- Employees 1
- Founders M Raviteja Reddy, Venkata Nori
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website morphelectric.com
- Social LinkedIn X
- Legal Name Altnxt Energy Private Limited
- Date of Incorporation 27 Sep, 2022
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹6.9 Lakh
FY 2025 · +1999% YoY
- Net Loss-₹43.9 Lakh
FY 2025 · -638% margin
- EBITDA-₹43.7 Lakh
FY 2025 · -634% margin
- Total Equity Funding$194.51K (USD)
in 1 rounds
- Latest Funding Round$194.51K (USD), Seed
Aug 2023
- Employee Count1
Associated legal entities of Morph Electric
Morph Electric operates through Altnxt Energy Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Altnxt Energy Private Limited CIN U34300TG2022PTC167044 | Active | 27 Sep 2022 | Hyderabad, Telangana | ₹0.1 Cr | 3 | View details |
Products & Services of Morph Electric
Morph Electric offers a comprehensive portfolio of products and services, including Retrofitting Service and E-powertrain.
Converts petrol two-wheelers to electric for reduced running costs.
Provides intelligent and safe powertrain for retrofitted vehicles.
Funding Insights of Morph Electric
Morph Electric has successfully raised a total of $194.51K through 1 strategic funding round. The most recent funding activity was a Seed round of $194.51 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 $194,509
- Total Rounds 1
- Last Round Seed — $194,509
- First Round $194,509
(Aug 2023)
All 1 funding rounds of Morph Electric 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 | $194,509 | Seed | $2.63M | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2023 | $2.63M | •••••••• |
Last known valuation $2.63M (Aug 2023).
Board of directors of Altnxt Energy Private Limited (Morph Electric)
Altnxt Energy Private Limited is the primary company behind Morph Electric. The board of Altnxt Energy Private Limited currently have 3 directors; the longest-serving is Pillarisetti Swadeep, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pillarisetti Swadeep DIN 07390869 | Director | 27 Sep 2022 | 4 yrs | Altnxt Energy Private Limited |
| Venkata Narasimham Nori DIN 10216809 | Director | 03 Jul 2023 | 3 yrs 3 mo | Altnxt Energy Private Limited |
| Raviteja Reddy Mudireddy DIN 10216788 | Director | 03 Jul 2023 | 3 yrs 3 mo | Altnxt Energy Private Limited |
People of Morph Electric
2 people are tracked at Morph Electric (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
M Raviteja Reddy | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Morph Electric
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Morph Electric
Figures of Altnxt Energy Private Limited, the primary company behind Morph Electric, for FY 2025. Revenue was ₹6.9 Lakh (+1999% year on year). Net loss was -₹43.9 Lakh (-638% margin). EBITDA was -₹43.7 Lakh (-634% margin).
- ₹6.9 LakhRevenue · FY 2025 · +1999% YoY
- -₹43.9 LakhNet loss · -638% margin
- -₹43.7 LakhEBITDA · -634% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Altnxt Energy Private Limited are on its company page.
Detailed financial statements for Morph Electric
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 Morph Electric
3 dated milestones of Morph Electric across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Morph Electric is founded.
- Funding First funding round of $195K.
- Milestone Reaches Minicorn status.
Competitors of Morph Electric
Morph Electric has 2 listed competitors in our database, 1 of them funded. They include Starya and Evrex Automotive.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| starya.in | 2018 | Bengaluru, India | $2.72M | 41 | Electric conversion kits for retrofitting petrol scooters are manufactured. | |
| evrex.in | 2018 | Raipur, India | Manufactures electric bikes and provides modification, maintenance, and custom services. |
Detailed competitors of Morph Electric
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.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Morph Electric (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Frequently Asked Questions about Morph Electric
Morph Electric was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Morph Electric is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Venkata Nori is the CEO of Morph Electric, as recorded in our data. They have also founded this company.
Morph Electric is a funded company, having raised a total of $194.51K across 1 funding round to date. The company's 1st funding round was a Seed of $194.51K, raised on Aug 2023.
Morph Electric has 1 employees.
The primary company behind Morph Electric, Altnxt Energy Private Limited, reported revenue of ₹6.9 Lakh for FY 2025, up 1999% year on year.
Morph Electric was founded in 2022 in Hyderabad, India. Electric conversion kits for two-wheelers are supplied by the company, encompassing electric motors, controllers, batteries, and related components. Operations are focused on the electric mobility sector, where existing two-wheelers are retrofitted for electric propulsion. The business targets the Indian market, supporting sustainable transportation transitions through these conversion solutions.
Morph Electric's top competitors include Starya and Evrex Automotive.
Morph Electric offers Retrofitting Service and E-powertrain.
The valuation of Morph Electric is $2.63M as of Aug 2023.
Morph Electric operates through Altnxt Energy Private Limited.
The legal entities of Morph Electric currently have 3 directors, including Venkata Narasimham Nori, Raviteja Reddy Mudireddy, Pillarisetti Swadeep.