About RoyalEV
RoyalEV is a Transportation, Automotive & Logistics company based in Visakhapatnam (India) founded in 2019 by Viswanath Kari. It produces high-quality electric scooters for consumer markets. It operates on a B2C model. Its chief executive is Viswanath Kari. Its Indian entity Sasdal Enterprises Private Limited reported revenue of ₹12.84 Cr. Its focus areas include Manufacturing, Electric Vehicles, Scooters and Production. Similar companies include Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss and 4 more; 9 of its 9 listed similar companies have raised funding.
Company details
RoyalEV produces high-quality electric scooters for consumer markets, focusing on producing manufactured goods, developing electric vehicles, scooters, and production. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Visakhapatnam, India
- Founders Viswanath Kari
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website theroyalev.com
- Social LinkedIn X Facebook Instagram
- Legal Name Sasdal Enterprises Private Limited
- Date of Incorporation 17 Jun, 2019
- Jurisdiction Vizianagaram, Andhra Pradesh, India
- Annual Revenue₹12.84 Cr
FY 2023 · +24% YoY
- Net Profit₹16.6 Lakh
FY 2023 · 1% margin
- EBITDA₹71.2 Lakh
FY 2023 · 6% margin
Associated legal entities of RoyalEV
RoyalEV operates through Sasdal Enterprises Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sasdal Enterprises Private Limited CIN U50300AP2019PTC112167 | Active | 17 Jun 2019 | Kothavalasa, Andhra Pradesh | ₹12.8 Cr | – | 3 | View details |
Board of directors of Sasdal Enterprises Private Limited (RoyalEV)
Sasdal Enterprises Private Limited is the primary company behind RoyalEV. The board of Sasdal Enterprises Private Limited currently have 2 directors; the longest-serving is Kamayya Kari, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kamayya Kari DIN 08484840 | Director | 17 Jun 2019 | 7 yrs 4 mo | Sasdal Enterprises Private Limited |
| Viswa Nath Kari DIN 08484839 | Managing Director | 17 Jun 2019 | 7 yrs 4 mo | Sasdal Enterprises Private Limited |
People of RoyalEV
1 people are tracked at RoyalEV (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
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Financials of RoyalEV
Figures of Sasdal Enterprises Private Limited, the primary company behind RoyalEV, for FY 2023. Revenue was ₹12.84 Cr (+24% year on year). Net profit was ₹16.6 Lakh (1% margin). EBITDA was ₹71.2 Lakh (6% margin). Revenue has grown at a compounded annual rate of +129% over three years.
- ₹12.84 CrRevenue · FY 2023 · +24% YoY
- ₹16.6 LakhNet profit · 1% margin
- ₹71.2 LakhEBITDA · 6% margin
- ₹64.7 LakhPaid-up capital
- +129%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Sasdal Enterprises Private Limited are on its company page.
Detailed financial statements for RoyalEV
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Similar companies to RoyalEV
RoyalEV has 9 listed similar companies in our database, 9 of them funded. They include Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
| 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 | |
| gogoro.com | 2011 | Taipei, Taiwan | $765M | 1,892 | Electric scooters are developed and battery swapping networks are operated. | |
| heroelectric.in | 2007 | Gurugram, India | $129.6M | 122 | Manufacturer offering electric scooters and mobility solutions | |
| bgauss.com | 2020 | Mumbai, India | $24.37M | 633 | Retailer of electric scooters offering test rides, maintenance, and financing | |
| rideriver.com | 2020 | Bengaluru, India | $66M | 396 | Electric scooters are designed and produced for urban mobility. | |
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. | |
| bncmotors.in | 2020 | Coimbatore, India | $8.66M | – | Electric two-wheelers with removable batteries and hub motors are manufactured. | |
| greaveselectricmobility.com | 2008 | Bengaluru, India | $226.32M | 1,551 | Manufacturer of electric two and three-wheelers for personal and commercial use |
Detailed similar companies of RoyalEV
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as RoyalEV (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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Related news about Royalev
Complete news archive for RoyalEV
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Frequently Asked Questions about RoyalEV
RoyalEV was founded in 2019.
RoyalEV is headquartered in Visakhapatnam, India. It is registered at Visakhapatnam, Andhra Pradesh, India.
Viswanath Kari is the current CEO of RoyalEV. They have also founded this company.
The primary company behind RoyalEV, Sasdal Enterprises Private Limited, reported revenue of ₹12.84 Cr for FY 2023, up 24% year on year.
RoyalEV produces high-quality electric scooters for consumer markets, focusing on producing manufactured goods, developing electric vehicles, scooters, and production. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
RoyalEV's top competitors include Ather Energy, Ola Electric and BGauss.
RoyalEV operates through Sasdal Enterprises Private Limited.
The legal entities of RoyalEV currently have 2 directors, including Viswa Nath Kari, Kamayya Kari.