About Motovolt
Motovolt is a Transportation, Automotive & Logistics company based in Kolkata (India) founded in 2019 by Tushar Choudhary. It operates as an electric bicycles with advanced features are developed by Motovolt. Motovolt has raised $1.92 million across 1 funding round from investors including PPAP, WAMI Capital and Vikas Bagaria. The company has 211 employees. Motovolt was last valued at $12.96 million in October 2022. Its chief executive is Tushar Choudhary. Its website motovolt.co draws about 41 thousand monthly visits. Its Indian entity Motovolt Mobility Private Limited reported revenue of ₹32.22 Cr. Motovolt offers products and services including M7, URBN, Hum, and Kivo. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Multi Category Vehicles. Its competitors include Tesla, Fisker, BAIC New Energy, BNC Motors and Greaves Electric Mobility and 1 more; 6 of its 6 listed competitors have raised funding.
Company details
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.
- Headquarters Kolkata, India
- Employees 211
- Founders Tushar Choudhary
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website motovolt.co
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Motovolt Mobility Private Limited
- Date of Incorporation 27 Dec, 2019
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹32.22 Cr
FY 2025 · +50% YoY
- Net Loss-₹25.73 Cr
FY 2025 · -80% margin
- EBITDA-₹22.05 Cr
FY 2025 · -68% margin
- Total Equity Funding$1.92M (USD)
in 1 rounds
- Latest Funding Round$1.92M (USD), Seed
Oct 2022
- InvestorsPPAP
& 18 more
- Employee Count211
Associated legal entities of Motovolt
Motovolt operates through Motovolt Mobility 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 |
|---|---|---|---|---|---|---|---|
| Motovolt Mobility Private Limited CIN U34200WB2019PTC235549 | Active | 27 Dec 2019 | Kolkata, West Bengal | ₹32.2 Cr | 211 | 4 | View details |
Products & Services of Motovolt
Motovolt offers a comprehensive portfolio of products and services, including M7, URBN, Hum, and Kivo.
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.
Apps and channels of Motovolt
its YouTube channel Motovolt India has 5.72K subscribers and 30 videos.
Videos from Motovolt
The most watched videos on Motovolt's YouTube channel, Motovolt India (5.72K subscribers). Click a video to play it here.
More on Motovolt India.
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 $1.92M
- Total Rounds 1
- Last Round Seed — $1.92M
- First Round $1.92M
(Oct 2022)
- Investors Count 19
All 1 funding rounds of Motovolt 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 |
|---|---|---|---|---|---|
| Oct 2022 | $1.92M | Seed | $12.96M | WAMI Capital, Maeko Kovacevic |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $12.96M | •••••••• |
Last known valuation $12.96M (Oct 2022). 19 investors in total: 3 institutional and 16 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are managed by this single-family office. | – | wamicapital.com | Dubai, United Arab Emirates | |
Private equity investments are directed toward multiple sectors. | – | sivaswamyholdings.tcc.mode | Thane, India | |
Automotive sealing systems and polymer-based parts are manufactured for vehicles. | 1995 | ppapco.in | Noida, India | |
VB Vikas Bagaria | Founder of Pee Safe, active angel investor in Indian startups | – | unknown_e6dafd329ecd4b7b9 | - |
VS Vikrampati Singhania | Angel investor, entrepreneur, focused on tech startups in India. | – | unknown_1deb8ee6f1c64900b | - |
AA Ankur Agarwal | Co-founder of Clarice Tech, active angel investor in Indian startups | – | unknown_d6372e808a704f45a | - |
MK Maeko Kovacevic | - | – | unknown_bc29683bf82e4039b | - |
MM Mitesh Mehta | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_ed56579b13404c5c9 | - |
KA Kalicharan Agarwalla | - | – | unknown_d5597444dd43492fb | - |
DK Deepak Kumar Gaddhyan | - | – | unknown_09d08a7095f44d549 | - |
Investor details for Motovolt
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Motovolt Mobility Private Limited (Motovolt)
Motovolt Mobility Private Limited is the primary company behind Motovolt. The board of Motovolt Mobility Private Limited currently have 3 directors; the longest-serving is Bankey Lal Choudhary, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bankey Lal Choudhary DIN 00173792 | Director | 27 Dec 2019 | 6 yrs 9 mo | Motovolt Mobility Private Limited |
| Vijay Kumar Choudhary DIN 00173858 | Director | 27 Dec 2019 | 6 yrs 9 mo | Motovolt Mobility Private Limited |
| Tushar Choudhary DIN 00174003 | Director | 27 Dec 2019 | 6 yrs 9 mo | Motovolt Mobility Private Limited |
People of Motovolt
14 people are tracked at Motovolt (7 in leadership, 7 in team); the tracked headcount is 211.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Akash Singh | Head Of Quality | Leadership |
Praveen Kumbar | General Manager | Leadership |
Sanjiv Verma | Vice President | Leadership |
Ca Dinesh Todi | Chief Financial Officer | Leadership |
Debraj S. Roy | Chief Human Resources Officer | Leadership |
Deepak Samuel | General Manager | Leadership |
Gaurav Kumar | Sourcing - Sr. Manager | Team |
Raju Mondal | Digital Marketing Manager - Performance Marketer | Team |
Diptesh Lenka | Assistant Manager -service Coordination | Team |
Mibin Abraham | Deputy Manager R&d | Team |
Sandeep Chaturvedi | Senior Manager- Purchase & NPD | Team |
Dhiraj Kumar Maurya | Service Excellence Lead | Team |
Prabir Sarkar | Treasury And Wealth Management | Team |
Complete people profiles for Motovolt
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 Motovolt
Figures of Motovolt Mobility Private Limited, the primary company behind Motovolt, for FY 2025. Revenue was ₹32.22 Cr (+50% year on year). Net loss was -₹25.73 Cr (-80% margin). EBITDA was -₹22.05 Cr (-68% margin). Revenue has grown at a compounded annual rate of +53% over three years.
- ₹32.22 CrRevenue · FY 2025 · +50% YoY
- -₹25.73 CrNet loss · -80% margin
- -₹22.05 CrEBITDA · -68% margin
- ₹29.31 CrPaid-up capital
- 211Employees (provident fund records)
- +53%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Motovolt Mobility Private Limited are on its company page.
Detailed financial statements for Motovolt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Motovolt
3 dated milestones of Motovolt across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Motovolt is founded.
- Funding First funding round of $1.9M.
- Milestone Reaches Minicorn status.
Competitors of Motovolt
Motovolt has 6 listed competitors in our database, 6 of them funded. They include Tesla, Fisker, BAIC New Energy, BNC Motors and Greaves Electric Mobility, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tesla.com | 2003 | Austin, United States | $407.53M | 125,665 | Electric vehicles and solar energy products are manufactured. | |
| fiskerinc.com | 2007 | Los Angeles, United States | $1.11B | 1,195 | Electric vehicles are manufactured and leased by Fisker Inc. | |
| bjev.com.cn | 2009 | Beijing, China | $2.12B | – | Electric vehicles are developed and engineered in Beijing, China. | |
| bncmotors.in | 2020 | Coimbatore, India | $8.66M | – | Electric two-wheelers with removable batteries and hub motors are manufactured. | |
| greaveselectricmobility.com | 2008 | Bengaluru, India | $226.32M | 1,551 | Manufacturer of electric two and three-wheelers for personal and commercial use | |
| pureev.in | 2015 | Hyderabad, India | $15.91M | 115 | Lithium-based energy storage products and electric vehicles are manufactured. |
Detailed competitors of Motovolt
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Motovolt
The website of Motovolt (motovolt.co) receives about 40.6K visits a month.
- Monthly visits40.6K
▲ 74.3% vs previous month
Websites whose visitors overlap most with Motovolt. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| komaki.in | 100% | 99.1K | #352,188 | View details | |
| leaderbicycles.com | 80% | 18.6K | #1,415,483 | View details | |
yakuzaev.com | yakuzaev.com | 77% | – | #296,349 | – |
| simpleenergy.in | 77% | 155.5K | #254,662 | View details | |
| kineticgreen.com | 77% | 1.5K | #15,336,544 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Motovolt
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 13 similar websites
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Motovolt (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
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 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
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 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Related news about Motovolt
Complete news archive for Motovolt
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Frequently Asked Questions about Motovolt
Motovolt was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Motovolt is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Tushar Choudhary is the current CEO of Motovolt. They have also founded this 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 2022.
Motovolt has 211 employees.
The primary company behind Motovolt, Motovolt Mobility Private Limited, reported revenue of ₹32.22 Cr for FY 2025, up 50% year on year.
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.
Motovolt's top competitors include Fisker, Tesla and Greaves Electric Mobility.
Motovolt offers M7, URBN, Hum, and Kivo.
Motovolt has 19 investors. Key investors include PPAP, WAMI Capital, Vikas Bagaria, Vikrampati Singhania, and Ankur Agarwal.
The valuation of Motovolt is $12.96M as of Oct 2022.
Motovolt operates through Motovolt Mobility Private Limited.