About Numocity
Numocity is a company based in Bengaluru (India) founded in 2018 by Ravikiran Annaswamy and Siddharth Sreenivasan was acquired by ABB in May 2022.. Numocity has raised $2.26 million across 2 funding rounds from investors including ABB, Ideaspring Capital and Rebright Partners. The company has 52 employees as of April 01, 2024. Numocity offers products and services including Charger Management Software, Fleet Charging Platform, Roaming and Interconnect, Energy Management System, and Community Charging. Numocity operates in a competitive market with competitors including Monta, SWTCH, AmpUp, Smartcar and Fuuse, among others.
- Headquarter Bengaluru, India
- Employees 52 as on 01 Apr, 2024
- Founders Ravikiran Annaswamy, Siddharth Sreenivasan
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Numocity Technologies Private Limited
- Date of Incorporation 14 Dec, 2018
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$202.19 K (USD)55.27as on Mar 31, 2023
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Net Profit
$-911.05 K (USD)-608.15as on Mar 31, 2023
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EBITDA
$-759.17 K (USD)-1029.72as on Mar 31, 2023
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Total Equity Funding
$2.26 M (USD)
in 2 rounds
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Latest Funding Round
$1.24 M (USD), Series A
Sep 02, 2024
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Investors
ABB
& 3 more
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Employee Count
52
as on Apr 01, 2024
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Acquired by
ABB
(May 25, 2022)
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Products & Services of Numocity
Numocity offers a comprehensive portfolio of products and services, including Charger Management Software, Fleet Charging Platform, Roaming and Interconnect, Energy Management System, and Community Charging. 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.
Software for creating and managing branded EV charging networks.
Platform for efficient EV fleet charging and operations.
System for seamless EV charging roaming and interconnections.
Tools for real-time monitoring and smart energy handling.
Platform for community-based EV charging services.
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Funding Insights of Numocity
Numocity has successfully raised a total of $2.26M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.24 million completed in September 2024. 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 2
- Last Round Series A — $1.2M
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First Round
First Round
(26 Dec 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Numocity | Valuation |
investors |
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| Dec, 2019 | Amount | Seed - Numocity | Valuation | Ideaspring Capital |
| 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 Numocity
Numocity has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include ABB, Ideaspring Capital and Rebright Partners. 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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Early-stage investments are provided to technology startups by Ideaspring Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm focusing on Asia regions.
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Founded Year | Domain | Location | |
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ABB Group is engaged in industrial automation and energy solutions.
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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 Numocity
| 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 - Numocity
| 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 |
Numocity Comparisons
Competitors of Numocity
Numocity 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 Monta, SWTCH, AmpUp, Smartcar and Fuuse, 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 |
Monta is recognized as a provider of EV charging software solutions.
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| domain | founded_year | HQ Location |
Provider of EV charging management systems
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| domain | founded_year | HQ Location |
Tech-enabled platform offering charging point management solutions
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| domain | founded_year | HQ Location |
Provider of SaaS-driven API platform for connected car data
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| domain | founded_year | HQ Location |
Electric-vehicle charging stations are managed via a SaaS platform.
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| domain | founded_year | HQ Location |
Provider of electric vehicle station management solution
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Numocity
Frequently Asked Questions about Numocity
When was Numocity founded?
Numocity was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Numocity located?
Numocity is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Numocity?
Ravikiran Annaswamy is the current CEO of Numocity. They have also founded this company.
Is Numocity a funded company?
Numocity is a funded company, having raised a total of $2.26M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.02M, raised on Dec 26, 2019.
How many employees does Numocity have?
As of Apr 01, 2024, the latest employee count at Numocity is 52.
What is the annual revenue of Numocity?
Annual revenue of Numocity is $202.19K as on Mar 31, 2023.
What does Numocity do?
Platform offering EV charging management software and energy solutions. It offers a comprehensive suite of software solutions for electric vehicle charging infrastructure management, including charger management systems, fleet management platforms, and roaming and energy solutions. The software integrates seamlessly with electric vehicles, enhancing the driver experience through a user-friendly mobile application. For operators, the platform streamlines infrastructure management, enabling efficient operations and maximizing charger utilization. The system is designed to be cloud-agnostic, ensuring flexibility and security, and complies with relevant industry standards. The company also provides advanced energy management capabilities, including intelligent load management and real-time monitoring.
What products or services does Numocity offer?
Numocity offers Charger Management Software, Fleet Charging Platform, Roaming and Interconnect, Energy Management System, and Community Charging.
Who are Numocity's investors?
Numocity has 4 investors. Key investors include ABB, Ideaspring Capital, Rebright Partners, and ABB.
What is Numocity's valuation?
The valuation of Numocity is $2.83M as of Dec 2019.
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