About PLUGZmart
PLUGZmart is a company based in Chennai (India) founded in 2018 by Vivek Samynathan Rajamanickam and Ragavendra Ravichandran. PLUGZmart has raised $439.68 thousand across 2 funding rounds from investors including StartupTN, Meera Reddy and Sivadas Raghava. PLUGZmart offers products and services including EV Charger and EV Charging Station. PLUGZmart operates in a competitive market with competitors including Wallbox, POD Point, Span.IO, CTEK and Lightning eMotors, among others.
- Headquarter Chennai, India
- Founders Vivek Samynathan Rajamanickam, Ragavendra Ravichandran
- 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
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- Legal Name Meras Plugins Private Limited
- Date of Incorporation 28 Nov, 2018
- Jurisdiction Mambalam, Tamil Nadu, India
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Annual Revenue
$103.41 K (USD)358.36as on Mar 31, 2023
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Net Profit
-$127.87 K (USD)-982.43as on Mar 31, 2023
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EBITDA
-$98.69 K (USD)-758.56as on Mar 31, 2023
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Total Equity Funding
$439.68 K (USD)
in 2 rounds
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Latest Funding Round
$439.68 K (USD), Seed
Dec 13, 2022
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Investors
StartupTN
& 9 more
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Employee Count
Employee Count
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Products & Services of PLUGZmart
PLUGZmart offers a comprehensive portfolio of products and services, including EV Charger and EV Charging Station.
Device for efficient charging of electric vehicles
Installation for public or private EV charging services
Funding Insights of PLUGZmart
PLUGZmart has successfully raised a total of $439.68K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $439.68 thousand completed in December 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 2
- Last Round Seed — $439,680
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - PLUGZmart | Valuation | Bluehill Capital Trust | |
| Jun, 2022 | Amount | Grant - PLUGZmart | Valuation |
investors |
Investors in PLUGZmart
PLUGZmart has secured backing from 10 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include StartupTN, Meera Reddy and Sivadas Raghava.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are provided by Bluehill.VC.
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Founded Year | Domain | Location | |
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Potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location | |
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Produces high-quality solar PV modules.
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Founded Year | Domain | Location |
Investments & Acquisitions by PLUGZmart
Financial Statements - PLUGZmart
Plugzmart Comparisons
Competitors of PLUGZmart
PLUGZmart 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 Wallbox, POD Point, Span.IO, CTEK and Lightning eMotors, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of electric-vehicle charging solutions
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging solutions
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
EV chargers for automotive batteries are manufactured and distributed worldwide.
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| domain | founded_year | HQ Location |
SaaS management solutions for EV charging operators are provided.
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| domain | founded_year | HQ Location |
EV charging points for car parks are designed and manufactured.
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Latest news on Plugzmart
Frequently Asked Questions about PLUGZmart
PLUGZmart was founded in 2018 and raised its 1st funding round 4 years after it was founded.
PLUGZmart is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Vivek Samynathan Rajamanickam is the current CEO of PLUGZmart. They have also founded this company.
PLUGZmart is a funded company, having raised a total of $439.68K across 2 funding rounds to date.
Annual revenue of PLUGZmart is $103.41K as on Mar 31, 2023.
PLUGZmart was founded in 2018 in Chennai, India, as an online platform in the electric vehicle sector. AC and DC chargers are supplied for residential, commercial, and public applications. Infrastructure solutions are provided to facilitate EV adoption across various settings. Operations are centered on delivering functional charging options in the Indian market and beyond.
PLUGZmart offers EV Charger and EV Charging Station.
PLUGZmart has 10 investors. Key investors include StartupTN, Meera Reddy, Sivadas Raghava, Shailaja Reddy, and Karthik Meiyappan.
The valuation of PLUGZmart is $1.27M as of Dec 2022.