About Motovolt
Motovolt is a company based in Kolkata (India) founded in 2019 by Tushar Choudhary.. Motovolt has raised $1.92 million across 1 funding round from investors including PPAP, WAMI Capital and Vikas Bagaria. The company has 211 employees as of April 08, 2024. Motovolt offers products and services including M7, URBN, Hum, and Kivo. Motovolt operates in a competitive market with competitors including Tesla, Fisker, BAIC New Energy, BNC Motors and Greaves Electric Mobility, among others.
- Headquarter Kolkata, India
- Employees 211 as on 08 Apr, 2024
- Founders Tushar Choudhary
- 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 Motovolt Mobility Private Limited
- Date of Incorporation 27 Dec, 2019
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$2.51 M (USD)0.71as on Mar 31, 2024
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Net Profit
$-2.31 M (USD)-107.87as on Mar 31, 2024
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EBITDA
$-2.15 M (USD)-80.28as on Mar 31, 2024
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Total Equity Funding
$1.92 M (USD)
in 1 rounds
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Latest Funding Round
$1.92 M (USD), Seed
Oct 19, 2022
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Investors
PPAP
& 18 more
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Employee Count
211
as on Apr 08, 2024
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Products & Services of Motovolt
Motovolt offers a comprehensive portfolio of products and services, including M7, URBN, Hum, and Kivo. 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.
Scooter for cargo and commuting with long range.
Feature-packed scooter for fun and fast rides.
E-cycle for all terrains with high load capacity.
Electric-assisted cycle for everyday commuting.
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Funding Insights of Motovolt
Motovolt has successfully raised a total of $1.92M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.92 million completed in October 2022. 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 — $1.9M
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First Round
First Round
(19 Oct 2022)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Motovolt | Valuation | WAMI Capital , Maeko Kovacevic |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Motovolt
Motovolt has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include PPAP, WAMI Capital and Vikas Bagaria. 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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Venture capital investments are managed by this single-family office.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Automotive sealing systems and polymer-based parts are manufactured for vehicles.
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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 Motovolt
| 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 - Motovolt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Motovolt Comparisons
Competitors of Motovolt
Motovolt 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 Tesla, Fisker, BAIC New Energy, BNC Motors and Greaves Electric Mobility, 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 |
Electric vehicles and solar energy products are manufactured.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
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| domain | founded_year | HQ Location |
Electric vehicles are developed and engineered in Beijing, China.
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| domain | founded_year | HQ Location |
Electric two-wheelers with removable batteries and hub motors are manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of electric two and three-wheelers for personal and commercial use
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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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Latest news on Motovolt
Frequently Asked Questions about Motovolt
When was Motovolt founded?
Motovolt was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Motovolt located?
Motovolt is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Who is the current CEO of Motovolt?
Tushar Choudhary is the current CEO of Motovolt. They have also founded this company.
Is Motovolt a funded company?
Motovolt is a funded company, having raised a total of $1.92M across 1 funding round to date. The company's 1st funding round was a Seed of $1.92M, raised on Oct 19, 2022.
How many employees does Motovolt have?
As of Apr 08, 2024, the latest employee count at Motovolt is 211.
What is the annual revenue of Motovolt?
Annual revenue of Motovolt is $2.51M as on Mar 31, 2024.
What does Motovolt do?
Motovolt was founded in 2019 in Kolkata, India, focusing on the electric mobility sector. Various models of electric bicycles, such as Hum, Kivo, Kivo Easy, and Ice, are developed. These incorporate disc brakes, removable batteries, BLDC motors, and lithium-ion batteries. Color variants are offered to suit different preferences. Operations center on sustainable urban transportation solutions within the Indian market.
Who are the top competitors of Motovolt?
Motovolt's top competitors include Fisker, Tesla and Greaves Electric Mobility.
What products or services does Motovolt offer?
Motovolt offers M7, URBN, Hum, and Kivo.
Who are Motovolt's investors?
Motovolt has 19 investors. Key investors include PPAP, WAMI Capital, Vikas Bagaria, Vikrampati Singhania, and Ankur Agarwal.
What is Motovolt's valuation?
The valuation of Motovolt is $12.96M as of Oct 2022.
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