About Morph Electric
Morph Electric is a company based in Hyderabad (India) founded in 2022 by M Raviteja Reddy and Venkata Nori. Morph Electric has raised $194.51 thousand across 1 funding round. The company has 1 employees as of April 09, 2024. Morph Electric offers products and services including Retrofitting Service and E-powertrain. Morph Electric operates in a competitive market with competitors including Starya, talet-e, GOGO, BlueWing Motors and Evrex Automotive, among others.
- Headquarter Hyderabad, India
- Employees 1 as on 09 Apr, 2024
- Founders M Raviteja Reddy, Venkata Nori
- Stage Minicorn
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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 Altnxt Energy Private Limited
- Date of Incorporation 27 Sep, 2022
- Jurisdiction Hayathnagar, Telangana, India
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Annual Revenue
$383.56 (USD)0as on Mar 31, 2024
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Net Profit
-$34.03 K (USD)-946.47as on Mar 31, 2024
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EBITDA
-$34.01 K (USD)-1005.29as on Mar 31, 2024
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Total Equity Funding
$194.51 K (USD)
in 1 rounds
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Latest Funding Round
$194.51 K (USD), Seed
Aug 01, 2023
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Investors
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Employee Count
1
as on Apr 09, 2024
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $194,509
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First Round
First Round
(01 Aug 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2023 | Amount | Seed - Morph Electric | Valuation |
investors |
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Investments & Acquisitions by Morph Electric
Financial Statements - Morph Electric
Morph Electric Comparisons
Competitors of Morph Electric
Morph Electric 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 Starya, talet-e, GOGO, BlueWing Motors and Evrex Automotive, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric conversion kits for retrofitting petrol scooters are manufactured.
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| domain | founded_year | HQ Location |
Electric conversion kits for scooters are supplied by the company.
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| domain | founded_year | HQ Location |
Provider of electric conversion kits for motorcycles
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| domain | founded_year | HQ Location |
Provides electric motorcycle conversions to reduce emissions and promote ESG compliance.
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| domain | founded_year | HQ Location |
Manufactures electric bikes and provides modification, maintenance, and custom services.
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Latest news on Morph Electric
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 current CEO of Morph Electric. 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 01, 2023.
As of Apr 09, 2024, the latest employee count at Morph Electric is 1.
Annual revenue of Morph Electric is $383.56 as on Mar 31, 2024.
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 offers Retrofitting Service and E-powertrain.
The valuation of Morph Electric is $2.63M as of Aug 2023.