About Raft Motors
Raft Motors is a Transportation, Automotive & Logistics company based in Palghar (India) founded in 2017. It creates innovative technologies for electric scooters and efficient charging solutions. It operates on a B2C model. The company has 7 employees. Its Indian entity Raft Motors Limited reported revenue of ₹102 Cr. Its focus areas include Automotive, Electric Vehicles, Scooters and Charging Solutions. Similar companies include Ola Electric, Ather Energy and Hero Electric; 3 of its 3 listed similar companies have raised funding.
Company details
Raft Motors, established in 2017, excels in dealing with automotive parts, developing electric vehicles, scooters, and charging solutions. Creates innovative technologies for electric scooters and efficient charging solutions. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Palghar, India
- Employees 7
- SectorsTransportation, Automotive & Logistics
- Website raftmotors.com
- Social X Facebook
- Legal Name Raft Motors Limited
- Date of Incorporation 16 Oct, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹102 Cr
FY 2025 · +5203% YoY
- Net Profit₹16.20 Cr
FY 2025 · 16% margin
- EBITDA₹22.03 Cr
FY 2025 · 22% margin
- Employee Count7
Associated legal entities of Raft Motors
Raft Motors is associated with 2 registered companies on The Company Check; the primary company is Raft Motors Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Raft Motors Limited CIN U52100MH2019PLC331701 | Active | 16 Oct 2019 | Mumbai, Maharashtra | ₹102 Cr | 7 | 7 | View details |
| Elektrihut Private Limited CIN U34300TG2021PTC152613 | Active | 28 Jun 2021 | Nizamabad, Telangana | 3 | View details |
Board of directors of Raft Motors Limited (Raft Motors)
Raft Motors Limited is the primary company behind Raft Motors. The boards of the 2 registered companies of Raft Motors currently have 9 directors; the longest-serving is Kavya Rapelli, appointed in 2021. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kavya Rapelli DIN 09218776 | Director | 28 Jun 2021 | 5 yrs 4 mo | Elektrihut Private Limited |
| Vinoda Aadepu DIN 09218777 | Director | 28 Jun 2021 | 5 yrs 4 mo | Elektrihut Private Limited |
| Rajan Adepu DIN 07720463 | Director | 28 Jun 2021 | 5 yrs 4 mo | Elektrihut Private Limited |
| Kushal Choudhury DIN 03359252 | Whole-time director | 21 Nov 2024 | 1 yr 11 mo | Raft Motors Limited |
| Aditya Vikram Birla DIN 06613927 | Director | 21 Nov 2024 | 1 yr 11 mo | Raft Motors Limited |
| Gayatri Birla Agrawal DIN 10854876 | Director | 21 Nov 2024 | 1 yr 11 mo | Raft Motors Limited |
| Amit Singhania DIN 07205621 | Director | 28 Nov 2024 | 1 yr 11 mo | Raft Motors Limited |
| Nikita Rateria DIN 07754275 | Director | 28 Nov 2024 | 1 yr 11 mo | Raft Motors Limited |
| Biswashree Pati DIN 09552665 | Company Secretary | 05 Dec 2024 | 1 yr 10 mo | Raft Motors Limited |
Financials of Raft Motors
Figures of Raft Motors Limited, the primary company behind Raft Motors, for FY 2025. Revenue was ₹102 Cr (+5203% year on year). Net profit was ₹16.20 Cr (16% margin). EBITDA was ₹22.03 Cr (22% margin). Revenue has grown at a compounded annual rate of +106% over three years.
- ₹102 CrRevenue · FY 2025 · +5203% YoY
- ₹16.20 CrNet profit · 16% margin
- ₹22.03 CrEBITDA · 22% margin
- ₹15.06 CrPaid-up capital
- 7Employees (provident fund records)
- +106%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Raft Motors Limited are on its company page.
Detailed financial statements for Raft Motors
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Raft Motors
Raft Motors has 3 listed similar companies in our database, 3 of them funded. They include Ola Electric, Ather Energy and Hero Electric.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| olaelectric.com | 2017 | Bengaluru, India | $999.91M | 3,520 | Electric scooters and motorcycles are manufactured with related accessories. | |
| atherenergy.com | 2013 | Bengaluru, India | $502.02M | 1,755 | Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | |
| heroelectric.in | 2007 | Gurugram, India | $129.6M | 122 | Manufacturer offering electric scooters and mobility solutions |
Detailed similar companies of Raft Motors
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Verified entity values are shown only after access is granted.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Raft Motors (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 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 |
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Frequently Asked Questions about Raft Motors
Raft Motors was founded in 2017.
Raft Motors is headquartered in Palghar, India. It is registered at Palghar, Maharashtra, India.
Raft Motors has 7 employees.
The primary company behind Raft Motors, Raft Motors Limited, reported revenue of ₹102 Cr for FY 2025, up 5203% year on year.
Raft Motors, established in 2017, excels in dealing with automotive parts, developing electric vehicles, scooters, and charging solutions. Creates innovative technologies for electric scooters and efficient charging solutions. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Raft Motors's top competitors include Ather Energy, Ola Electric and Hero Electric.
Raft Motors is associated with 2 legal entities: Raft Motors Limited, Elektrihut Private Limited.
The legal entities of Raft Motors currently have 10 directors, including Biswashree Pati, Amit Singhania, Nikita Rateria and others.