About Prime Electric Vehicles
Prime Electric Vehicles was a Transportation, Automotive & Logistics company based in Chennai (India) founded in 2013. It manufactures high-quality battery-operated utility vehicles for commercial use. It operates on a B2B model. Its Indian entity Prime Source Technologies Private Limited reported revenue of ₹32.06 Cr. The company is recorded as dissolved. Its focus areas include Manufacturing, Automotive, Electric Vehicles and Utility Products. Its competitors include Speedways Electric and Ezifast Electric Motors.
Company details
Prime Electric Vehicles, established in 2013 and currently in Dissolved stage, focuses on producing manufactured goods, dealing with automotive parts, developing electric vehicles, and utility products. Manufactures high-quality battery-operated utility vehicles for commercial use. Adapting to market demands with innovation and client-focused strategies.
- Headquarters Chennai, India
- SectorsTransportation, Automotive & Logistics
- Website primev.in
- Legal Name Prime Source Technologies Private Limited
- Date of Incorporation 29 Sep, 1994
- Jurisdiction T.Nagar, Chennai 17, Tamil Nadu, India
- Annual Revenue₹32.06 Cr
FY 2024 · +22% YoY
- Net Profit₹2.98 Cr
FY 2024 · 9% margin
- EBITDA₹5.22 Cr
FY 2024 · 16% margin
Associated legal entities of Prime Electric Vehicles
Prime Electric Vehicles operates through Prime Source Technologies 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 |
|---|---|---|---|---|---|---|---|
| Prime Source Technologies Private Limited CIN U31300TN1994PTC028760 | Active | 29 Sep 1994 | Chennai, Tamil Nadu | ₹32.1 Cr | – | 2 | View details |
Board of directors of Prime Source Technologies Private Limited (Prime Electric Vehicles)
Prime Source Technologies Private Limited is the primary company behind Prime Electric Vehicles. The board of Prime Source Technologies Private Limited currently have 2 directors; the longest-serving is Subramanyan Natarajan, appointed in 1994.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subramanyan Natarajan DIN 00691317 | Director | 29 Sep 1994 | 32 yrs | Prime Source Technologies Private Limited |
| Subramanyan Venkatesan DIN 00691335 | Director | 29 Sep 1994 | 32 yrs | Prime Source Technologies Private Limited |
Financials of Prime Electric Vehicles
Figures of Prime Source Technologies Private Limited, the primary company behind Prime Electric Vehicles, for FY 2024. Revenue was ₹32.06 Cr (+22% year on year). Net profit was ₹2.98 Cr (9% margin). EBITDA was ₹5.22 Cr (16% margin). Revenue has grown at a compounded annual rate of +54% over three years and +25% over five years.
- ₹32.06 CrRevenue · FY 2024 · +22% YoY
- ₹2.98 CrNet profit · 9% margin
- ₹5.22 CrEBITDA · 16% margin
- ₹16 LakhPaid-up capital
- +54%Revenue CAGR, 3 years
- +25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Prime Source Technologies Private Limited are on its company page.
Detailed financial statements for Prime Electric Vehicles
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Competitors of Prime Electric Vehicles
Prime Electric Vehicles has 2 listed competitors in our database. They include Speedways Electric and Ezifast Electric Motors, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| speedwaysev.com | 2011 | Jalandhar, India | – | – | Produces electric vehicles for golf courses, resorts, industrial, and health care sectors. | |
| ezifastmotors.com | 2019 | Ghaziabad, India | – | – | Manufactures high-quality solar-powered electric vehicles for sustainable transportation. |
Detailed competitors of Prime Electric Vehicles
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- Full competitor set
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Prime Electric Vehicles (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
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 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Frequently Asked Questions about Prime Electric Vehicles
Prime Electric Vehicles was founded in 2013.
Prime Electric Vehicles is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Prime Electric Vehicles, Prime Source Technologies Private Limited, reported revenue of ₹32.06 Cr for FY 2024, up 22% year on year.
Prime Electric Vehicles, established in 2013 and currently in Dissolved stage, focuses on producing manufactured goods, dealing with automotive parts, developing electric vehicles, and utility products. Manufactures high-quality battery-operated utility vehicles for commercial use. Adapting to market demands with innovation and client-focused strategies.
Prime Electric Vehicles's top competitors include Speedways Electric and Ezifast Electric Motors.
Prime Electric Vehicles operates through Prime Source Technologies Private Limited.
The legal entities of Prime Electric Vehicles currently have 2 directors, including Subramanyan Natarajan, Subramanyan Venkatesan.