About NIKOL EV
NIKOL EV is a Transportation, Automotive & Logistics company based in Pune (India) founded in 2021 by Arjun D Pawar. Platform offering electric vehicle chargers and charging station networks. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. NIKOL EV has raised $1.15 million across 4 funding rounds from investors including We Founder Circle, EvolveX and Vikas Aggarwal. The company has 1 employees. Its chief executive, as recorded, is Arjun D Pawar. Its Indian entity Nikol Automotive Private Limited reported revenue of ₹2.19 Cr. NIKOL EV offers products and services including EV Charging Station, Fast Charger, Charging Management System, Electric 2-Wheeler Charger, and Electric 4-Wheeler Charger. Its focus areas include Energy Tech, Electric Vehicles, Charging Solutions and Station Network. Its competitors include Bolt.Earth, Charge Zone and EVRE; 3 of its 3 listed competitors have raised funding.
Company details
Nikol EV was established in 2021 in Pune, India, within the electric mobility sector. Electric vehicle supply equipment is supplied for multiple vehicle types and installation sites. Charging management systems are delivered to support operations, while assistance is given for setting up charging station franchises. The platform connects users to a network of charging infrastructure across regions.
- Headquarters Pune, India
- Employees 1
- Founders Arjun D Pawar
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website nikolev.in
- Social LinkedIn Facebook
- Legal Name Nikol Automotive Private Limited
- Date of Incorporation 16 Dec, 2022
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹2.19 Cr
FY 2025 · +13% YoY
- Net Loss-₹31.4 Lakh
FY 2025 · -14% margin
- EBITDA-₹28.7 Lakh
FY 2025 · -13% margin
- Total Equity Funding$1.15M (USD)
in 4 rounds
- Latest Funding Round$634.65K (USD), Seed
Feb 2025
- InvestorsWe Founder Circle
& 5 more
- Employee Count1
Associated legal entities of NIKOL EV
NIKOL EV operates through Nikol Automotive 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 |
|---|---|---|---|---|---|---|---|
| Nikol Automotive Private Limited CIN U34100PN2022PTC217037 | Active | 16 Dec 2022 | Pune, Maharashtra | ₹2.2 Cr | 10 | 2 | View details |
Products & Services of NIKOL EV
NIKOL EV offers a comprehensive portfolio of products and services, including EV Charging Station, Fast Charger, Charging Management System, Electric 2-Wheeler Charger, and Electric 4-Wheeler Charger.
Provides facilities for electric vehicle charging
Delivers rapid charging for various electric vehicles
Manages operations for EV charging networks
Supports charging for electric two-wheelers
Enables charging for electric four-wheelers
Funding Insights of NIKOL EV
NIKOL EV has successfully raised a total of $1.15M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $634.65 thousand completed in February 2025. 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 $1.15M
- Total Rounds 4
- Last Round Seed — $634,654
- First Round $480,540
(Jun 2023)
- Investors Count 6
All 4 funding rounds of NIKOL 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 |
|---|---|---|---|---|---|
| Feb 2025 | $634,654 | Seed | – | – | – |
| May 2024 | $38,271 | Seed | – | Zypp Electric | – |
| Feb 2024 | Seed | – | – | ||
| Jun 2023 | $480,540 | Seed | – | EvolveX |
6 investors in total: 3 institutional and 3 angel.
Investors in NIKOL EV
NIKOL EV has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include We Founder Circle, EvolveX and Vikas Aggarwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accelerator program offering mentorship, funding, and network access to early-stage startups. | 2021 | evolvexaccelerator.com | Mumbai, India | |
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
| zypp.app | ||||
VA Vikas Aggarwal | Founder of Zopper, angel investor in Indian startups, ex-McKinsey | unknown_043a17ad871c441b9 | ||
NT Neeraj Tyagi | Co-founder of WeRize, fintech innovator, active angel investor in Indian startups | unknown_d018b8c088c04eebb | ||
BB Bhawna Bhatnagar | Co-founder of WeFounderCircle, angel investor, startup mentor | unknown_a5114b46b5b6471bb |
Investor details for NIKOL EV
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nikol Automotive Private Limited (NIKOL EV)
Nikol Automotive Private Limited is the primary company behind NIKOL EV. The board of Nikol Automotive Private Limited currently have 2 directors; the longest-serving is Arjun Digvijay Pawar, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arjun Digvijay Pawar DIN 08153548 | Director | 16 Dec 2022 | 3 yrs 10 mo | Nikol Automotive Private Limited |
| Vandana Digvijay Pawar DIN 09827161 | Director | 16 Dec 2022 | 3 yrs 10 mo | Nikol Automotive Private Limited |
People of NIKOL EV
1 people are tracked at NIKOL EV (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for NIKOL EV
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 NIKOL EV
Figures of Nikol Automotive Private Limited, the primary company behind NIKOL EV, for FY 2025. Revenue was ₹2.19 Cr (+13% year on year). Net loss was -₹31.4 Lakh (-14% margin). EBITDA was -₹28.7 Lakh (-13% margin).
- ₹2.19 CrRevenue · FY 2025 · +13% YoY
- -₹31.4 LakhNet loss · -14% margin
- -₹28.7 LakhEBITDA · -13% margin
- ₹1.1 LakhPaid-up capital
- 10Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Nikol Automotive Private Limited are on its company page.
Detailed financial statements for NIKOL 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 NIKOL EV
3 dated milestones of NIKOL EV across 4 years, from founding to its latest funding, stage changes and deals.
- Founded NIKOL EV is founded.
- Funding First funding round of $481K.
- Funding Latest funding round, Seed, of $635K.
Competitors of NIKOL EV
NIKOL EV has 3 listed competitors in our database, 3 of them funded. They include Bolt.Earth, Charge Zone and EVRE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bolt.earth | 2017 | Bengaluru, India | $29.61M | 134 | EV charging hardware, software, and maintenance services are offered. | |
| chargezone.co.in | 2018 | Vadodara, India | $97.79M | 142 | Electric vehicle charging stations and management software are provided. | |
| evre.in | 2017 | Hyderabad, India | $4.81M | 637 | Electric vehicle charging solutions are offered via an integrated platform. |
Detailed competitors of NIKOL 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 NIKOL EV
The website of NIKOL EV (nikolev.in) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 42.1% vs previous month
Websites whose visitors overlap most with NIKOL EV. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| blive.co.in | 100% | 6K | #3,572,568 | View details | |
| thunderplus.io | 98% | 15.1K | #909,363 | View details | |
citizencareev.com | citizencareev.com | 91% | #11,052,561 | – | |
| amomobility.com | 83% | 19K | #1,602,240 | View details |
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as NIKOL EV (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 37.93 M | 401 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 407.47 M | 1,917 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Nikol Ev
Complete news archive for NIKOL EV
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about NIKOL EV
NIKOL EV was founded in 2021 and raised its 1st funding round 2 years after it was founded.
NIKOL EV is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Arjun D Pawar is the CEO of NIKOL EV, as recorded in our data. They have also founded this company.
NIKOL EV is a funded company, having raised a total of $1.15M across 4 funding rounds to date. The company's 1st funding round was a Seed of $480.54K, raised on Jun 2023.
NIKOL EV has 1 employees.
The primary company behind NIKOL EV, Nikol Automotive Private Limited, reported revenue of ₹2.19 Cr for FY 2025, up 13% year on year.
Nikol EV was established in 2021 in Pune, India, within the electric mobility sector. Electric vehicle supply equipment is supplied for multiple vehicle types and installation sites. Charging management systems are delivered to support operations, while assistance is given for setting up charging station franchises. The platform connects users to a network of charging infrastructure across regions.
NIKOL EV's top competitors include Bolt.Earth, Charge Zone and EVRE.
NIKOL EV offers EV Charging Station, Fast Charger, Charging Management System, Electric 2-Wheeler Charger, and Electric 4-Wheeler Charger.
NIKOL EV has 6 investors. Key investors include We Founder Circle, EvolveX, Vikas Aggarwal, Neeraj Tyagi, and Bhawna Bhatnagar.
NIKOL EV operates through Nikol Automotive Private Limited.
The legal entities of NIKOL EV currently have 2 directors, including Arjun Digvijay Pawar, Vandana Digvijay Pawar.