About Planet Electric
Planet Electric is a company based in Gurugram (India) founded in 2021 by Gagan Agrawal.. Planet Electric has raised $250 thousand across 1 funding round. The company has 1 employees as of April 08, 2024. Planet Electric offers products and services including Cargo Box, Containers, and eLCV Platform. Planet Electric operates in a competitive market with competitors including Infraprime Logistics Technologies, IPLTech Electric, Tresa Motors, Infraprime EVs and Urban Sphere, among others.
- Headquarter Gurugram, India
- Employees 1 as on 08 Apr, 2024
- Founders Gagan Agrawal
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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 Peauto Private Limited
- Date of Incorporation 16 Jun, 2021
- Jurisdiction Basai Road, Haryana, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$250 K (USD)
in 1 rounds
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Latest Funding Round
$250 K (USD), Seed
Sep 01, 2023
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Investors
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Employee Count
1
as on Apr 08, 2024
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Products & Services of Planet Electric
Planet Electric offers a comprehensive portfolio of products and services, including Cargo Box, Containers, and eLCV Platform. 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.
Lightweight design for electric vehicles reducing weight by 55-60 percent.
Modular structures for cargo with enhanced safety and efficiency features.
Platform for 1-ton e-LCV achieving 42 percent weight reduction.
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Funding Insights of Planet Electric
Planet Electric has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in September 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 — $250,000
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First Round
First Round
(01 Sep 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - Planet Electric | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Planet Electric
| 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 - Planet Electric
| 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 |
Planet Electric Comparisons
Competitors of Planet Electric
Planet 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 Infraprime Logistics Technologies, IPLTech Electric, Tresa Motors, Infraprime EVs and Urban Sphere, 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 |
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| domain | founded_year | HQ Location |
Electric heavy-duty trucks are developed for logistics and construction sectors.
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| domain | founded_year | HQ Location |
Electric trucks with advanced battery and tracking features are developed.
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| domain | founded_year | HQ Location |
Develops electric trucks with axial flux motors and batteries for Indian fleet owners.
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| domain | founded_year | HQ Location |
Developer of electric trucks
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| domain | founded_year | HQ Location |
Electric commercial vehicles are manufactured with OEM connections and managed.
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| domain | founded_year | HQ Location |
SaaS-enabled utility EVs for last-mile cargo transport are developed.
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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 Planet Electric
Frequently Asked Questions about Planet Electric
When was Planet Electric founded?
Planet Electric was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Planet Electric located?
Planet Electric is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Planet Electric?
Gagan Agrawal is the current CEO of Planet Electric. They have also founded this company.
Is Planet Electric a funded company?
Planet Electric is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Sep 01, 2023.
How many employees does Planet Electric have?
As of Apr 08, 2024, the latest employee count at Planet Electric is 1.
What does Planet Electric do?
Planet Electric was founded in 2021 and is based in Gurugram, India. Electric trucks are developed and manufactured by the company within the electric vehicle sector. Features such as fast charging capabilities, lithium-ion battery systems, and robust structural designs are incorporated into the vehicles. Operations center on producing sustainable transport options for commercial use, with a focus on regional markets in India.
Who are the top competitors of Planet Electric?
Planet Electric's top competitors include Infraprime Logistics Technologies, IPLTech Electric and Urban Sphere.
What products or services does Planet Electric offer?
Planet Electric offers Cargo Box, Containers, and eLCV Platform.