About PowerSquare
PowerSquare is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2012 by Naveen Chava. Wireless charging manufacturer. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. PowerSquare has raised $1.21 million across 2 funding rounds from investors including Sicon Tech, Naveen Chava and Omphalos Ventures. PowerSquare was last valued at $3.61 million in December 2018. Its Indian entity Power Square India Private Limited reported revenue of ₹16.2 Lakh. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Devices.
Company details
PowerSquare was founded in 2012 in Bengaluru, India, as a manufacturer in the wireless charging sector. Operations focus on private-label production of electronics and accessories, including wireless charging cases, micro-USB receivers, and chargers under the Tango brand. Collaboration occurs with OEMs and ODMs for design and manufacturing processes, supporting global supply needs in consumer electronics.
- Headquarters Bengaluru, India
- Founders Naveen Chava
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website tech.powersquare.com
- Social LinkedIn X Facebook
- Legal Name Power Square India Private Limited
- Date of Incorporation 03 Sep, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹16.2 Lakh
FY 2024 · +98% YoY
- Net Loss-₹2.02 Cr
FY 2024 · -1246% margin
- EBITDA-₹2.00 Cr
FY 2024 · -1237% margin
- Total Equity Funding$1.21M (USD)
in 2 rounds
- Latest Funding Round$702.75K (USD), Seed
Dec 2018
- InvestorsSicon Tech
& 2 more
Associated legal entities of PowerSquare
PowerSquare operates through Power Square India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Power Square India Private Limited CIN U31908KA2012PTC065688 | Active | 03 Sep 2012 | Bangalore, Karnataka | ₹0.2 Cr | 2 | View details |
Funding Insights of PowerSquare
PowerSquare has successfully raised a total of $1.21M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $702.75 thousand completed in December 2018. 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 $1.21M
- Total Rounds 2
- Last Round Seed — $702,753
- First Round $506,504
(Oct 2017)
- Investors Count 3
All 2 funding rounds of PowerSquare 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 |
|---|---|---|---|---|---|
| Dec 2018 | $702,753 | Seed | $3.61M | SiCon Design Technologies | |
| Oct 2017 | $506,504 | Seed | $2M | Omphalos Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2018 | $3.61M | •••••••• |
| Oct 2017 | $2M | •••••••• |
Last known valuation $3.61M (Dec 2018). 3 investors in total: 2 institutional and 1 angel.
Investors in PowerSquare
PowerSquare has secured backing from 3 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Sicon Tech, Naveen Chava and Omphalos Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are made by Omphalos Ventures in US firms. | omphalosventures.net | Shakopee, United States | ||
ASIC chips are designed, developed, and implemented for industrial applications. | 2010 | sicontech.com | Bengaluru, India | |
NC Naveen Chava | Founder of HighRadius, active angel investor in Indian startups | unknown_aaa140d3bfa145e89 |
Investor details for PowerSquare
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 Power Square India Private Limited (PowerSquare)
Power Square India Private Limited is the primary company behind PowerSquare. The board of Power Square India Private Limited currently have 2 directors; the longest-serving is Pavan Pudipeddi, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pavan Pudipeddi DIN 06667925 | Director | 05 Aug 2015 | 11 yrs 3 mo | Power Square India Private Limited |
| Naveen Chava DIN 03517306 | Director | 05 Sep 2017 | 9 yrs 2 mo | Power Square India Private Limited |
People of PowerSquare
1 people are tracked at PowerSquare (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for PowerSquare
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of PowerSquare
Figures of Power Square India Private Limited, the primary company behind PowerSquare, for FY 2024. Revenue was ₹16.2 Lakh (+98% year on year). Net loss was -₹2.02 Cr (-1246% margin). EBITDA was -₹2.00 Cr (-1237% margin). Revenue has grown at a compounded annual rate of -57% over three years and -22% over five years.
- ₹16.2 LakhRevenue · FY 2024 · +98% YoY
- -₹2.02 CrNet loss · -1246% margin
- -₹2.00 CrEBITDA · -1237% margin
- ₹12.6 LakhPaid-up capital
- -57%Revenue CAGR, 3 years
- -22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Power Square India Private Limited are on its company page.
Detailed financial statements for PowerSquare
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PowerSquare
4 dated milestones of PowerSquare across 6 years, from founding to its latest funding, stage changes and deals.
- Founded PowerSquare is founded.
- Funding First funding round of $507K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $703K.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as PowerSquare (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 |
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Related news about Powersquare
Complete news archive for PowerSquare
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Frequently Asked Questions about PowerSquare
PowerSquare was founded in 2012 and raised its 1st funding round 5 years after it was founded.
PowerSquare is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
PowerSquare is a funded company, having raised a total of $1.21M across 2 funding rounds to date. The company's 1st funding round was a Seed of $506.5K, raised on Oct 2017.
The primary company behind PowerSquare, Power Square India Private Limited, reported revenue of ₹16.2 Lakh for FY 2024, up 98% year on year.
PowerSquare was founded in 2012 in Bengaluru, India, as a manufacturer in the wireless charging sector. Operations focus on private-label production of electronics and accessories, including wireless charging cases, micro-USB receivers, and chargers under the Tango brand. Collaboration occurs with OEMs and ODMs for design and manufacturing processes, supporting global supply needs in consumer electronics.
PowerSquare has 3 investors. Key investors include Sicon Tech, Naveen Chava, and Omphalos Ventures.
The valuation of PowerSquare is $3.61M as of Dec 2018.
PowerSquare operates through Power Square India Private Limited.
The legal entities of PowerSquare currently have 2 directors, including Naveen Chava, Pavan Pudipeddi.