About RapidE Power
RapidE Power is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2021 by Sambit Patnaik. It offers battery swap services and roadside assistance for electric vehicles. It operates on a B2B model in Transportation, Automotive & Logistics and Energy & Utilities sectors. RapidE Power has raised $94.05 thousand across 1 funding round. Its Indian entity Rapide Power And Mobility Solutions Private Limited reported revenue of ₹4.8 Lakh. RapidE Power offers products and services including Battery Swap via Delivery, Road Side Assistance, Emergency Battery Swap Services, and 2W-EV Towing Services. Its focus areas include Transportation, Mobility Tech, Electric Vehicles and Battery Management. Its competitors include Battery Smart, SUN Mobility and Esmito; 3 of its 3 listed competitors have raised funding.
Company details
RapidE Power Mobility Solutions delivers battery swap via doorstep service to minimize downtime for clients, along with roadside assistance and towing for two-wheeler electric vehicles. They focus on timely delivery, enhanced productivity for last-mile delivery employees, and reliable customer support. Based in Yapral, Secunderabad, Telangana, India, they serve businesses in the EV sector.
- Headquarters Hyderabad, India
- Employees 1
- Founders Sambit Patnaik
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website rapidepower.com
- Social LinkedIn
- Legal Name Rapide Power And Mobility Solutions Private Limited
- Date of Incorporation 14 Oct, 2022
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹4.8 Lakh
FY 2024 · +190% YoY
- Net Loss-₹10,300
FY 2024 · -2% margin
- EBITDA-₹10,300
FY 2024 · -2% margin
- Total Equity Funding$94.05K (USD)
in 1 rounds
- Latest Funding Round$94.05K (USD), Seed
Jun 2022
- Employee Count1
Associated legal entities of RapidE Power
RapidE Power operates through Rapide Power And Mobility Solutions 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 |
|---|---|---|---|---|---|---|---|
| Rapide Power And Mobility Solutions Private Limited CIN U74990TG2022PTC167504 | Active | 14 Oct 2022 | Hyderabad, Telangana | ₹0.0 Cr | 2 | View details |
Products & Services of RapidE Power
RapidE Power offers a comprehensive portfolio of products and services, including Battery Swap via Delivery, Road Side Assistance, Emergency Battery Swap Services, and 2W-EV Towing Services.
Provides quick battery swaps to ensure zero downtime for electric vehicles.
Offers emergency help for electric vehicle issues on the road.
Delivers urgent battery replacements for electric vehicles.
Provides towing for two-wheeler electric vehicles in breakdowns.
Funding Insights of RapidE Power
RapidE Power has successfully raised a total of $94.05K through 1 strategic funding round. The most recent funding activity was a Seed round of $94.05 thousand completed in June 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 $94,048
- Total Rounds 1
- Last Round Seed — $94,048
- First Round $94,048
(Jun 2022)
All 1 funding rounds of RapidE Power 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 |
|---|---|---|---|---|---|
| Jun 2022 | $94,048 | Seed | – | – | – |
Board of directors of Rapide Power And Mobility Solutions Private Limited (RapidE Power)
Rapide Power And Mobility Solutions Private Limited is the primary company behind RapidE Power. The board of Rapide Power And Mobility Solutions Private Limited currently have 2 directors; the longest-serving is Prashant Verma, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prashant Verma DIN 08498026 | Director | 14 Oct 2022 | 4 yrs | Rapide Power And Mobility Solutions Private Limited |
| Sambit Patnaik DIN 08294608 | Director | 14 Oct 2022 | 4 yrs | Rapide Power And Mobility Solutions Private Limited |
People of RapidE Power
1 people are tracked at RapidE Power (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder, Director | Leadership |
Complete people profiles for RapidE Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of RapidE Power
Figures of Rapide Power And Mobility Solutions Private Limited, the primary company behind RapidE Power, for FY 2024. Revenue was ₹4.8 Lakh (+190% year on year). Net loss was -₹10,300 (-2% margin). EBITDA was -₹10,300 (-2% margin).
- ₹4.8 LakhRevenue · FY 2024 · +190% YoY
- -₹10,300Net loss · -2% margin
- -₹10,300EBITDA · -2% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Rapide Power And Mobility Solutions Private Limited are on its company page.
Detailed financial statements for RapidE Power
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.
Timeline of RapidE Power
2 dated milestones of RapidE Power across 1 years, from founding to its latest funding, stage changes and deals.
- Founded RapidE Power is founded.
- Funding First funding round of $94K.
Competitors of RapidE Power
RapidE Power has 3 listed competitors in our database, 3 of them funded. They include Battery Smart, SUN Mobility and Esmito.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| batterysmart.in | 2019 | Gurugram, India | $180.36M | 482 | Provider of EV battery-swapping network | |
| sunmobility.com | 2017 | Bengaluru, India | $50M | 473 | Online platform for battery swapping solutions | |
| esmito.com | 2018 | Chennai, India | $1.39M | 31 | Saas & IoT enabled battery management products and solutions for electric vehicles |
Detailed competitors of RapidE Power
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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 RapidE Power (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 RapidE Power
RapidE Power was founded in 2021 and raised its 1st funding round 1 year after it was founded.
RapidE Power is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
RapidE Power is a funded company, having raised a total of $94.05K across 1 funding round to date. The company's 1st funding round was a Seed of $94.05K, raised on Jun 2022.
RapidE Power has 1 employees.
The primary company behind RapidE Power, Rapide Power And Mobility Solutions Private Limited, reported revenue of ₹4.8 Lakh for FY 2024, up 190% year on year.
RapidE Power Mobility Solutions delivers battery swap via doorstep service to minimize downtime for clients, along with roadside assistance and towing for two-wheeler electric vehicles. They focus on timely delivery, enhanced productivity for last-mile delivery employees, and reliable customer support. Based in Yapral, Secunderabad, Telangana, India, they serve businesses in the EV sector.
RapidE Power's top competitors include Battery Smart, SUN Mobility and Esmito.
RapidE Power offers Battery Swap via Delivery, Road Side Assistance, Emergency Battery Swap Services, and 2W-EV Towing Services.
RapidE Power operates through Rapide Power And Mobility Solutions Private Limited.
The legal entities of RapidE Power currently have 2 directors, including Prashant Verma, Sambit Patnaik.