About Savë
Savë is a Transportation, Automotive & Logistics company based in Ahmedabad (India) founded in 2016 by Chandan Mundhra. Its chief executive, as recorded, is Chandan Mundhra. Its Indian entity Savy Greentech Private Limited reported revenue of ₹15.10 Cr. Savë offers products and services including City Pod, DumpTruck-E, Garbage, E-Food Cart, and Electruk Loader. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Commercial Vehicles. Its competitors include TI Clean Mobility, 3evi and ETO Motors; 3 of its 3 listed competitors have raised funding.
Company details
Manufacturer of electric rickshaws. The company offer a range of electric passenger vehicles, and more. The company develops vehicles with features like lithium-ion batteries, LCD display, and more.
- Headquarters Ahmedabad, India
- Founders Chandan Mundhra
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website savyelectric.in
- Social LinkedIn X Facebook
- Legal Name Savy Greentech Private Limited
- Date of Incorporation 16 Jun, 2016
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹15.10 Cr
FY 2024 · +91% YoY
- Net Profit₹1.49 Cr
FY 2024 · 10% margin
- EBITDA₹2.20 Cr
FY 2024 · 15% margin
Associated legal entities of Savë
Savë operates through Savy Greentech 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 |
|---|---|---|---|---|---|---|---|
| Savy Greentech Private Limited CIN U34100GJ2016PTC092500 | Active | 16 Jun 2016 | Ahmedabad, Gujarat | ₹15.1 Cr | 26 | 2 | View details |
Products & Services of Savë
Savë offers a comprehensive portfolio of products and services, including City Pod, DumpTruck-E, Garbage, E-Food Cart, and Electruk Loader.
Three-wheeler for urban mobility and cargo transport.
Three-wheeler designed for waste and material handling.
Three-wheeler specialized for garbage collection services.
Three-wheeler for food delivery and vendor operations.
Three-wheeler for loading and industrial transport.
Three-wheeler for passenger and goods transportation.
Four-wheeler for campus and facility mobility.
Four-wheeler for premium and utility applications.
Funding Insights of Savë
- Total Rounds 1
All 1 funding rounds of Savë 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 |
|---|---|---|---|---|---|
| Mar 2022 | Seed | – | – | – |
Board of directors of Savy Greentech Private Limited (Savë)
Savy Greentech Private Limited is the primary company behind Savë. The board of Savy Greentech Private Limited currently have 2 directors; the longest-serving is Chandan Mundhra, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandan Mundhra DIN 05259142 | Director | 16 Jun 2016 | 10 yrs 4 mo | Savy Greentech Private Limited |
| Ashish Pravinchandra Soni DIN 07023131 | Director | 01 Jul 2023 | 3 yrs 3 mo | Savy Greentech Private Limited |
People of Savë
1 people are tracked at Savë (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Savë
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 Savë
Figures of Savy Greentech Private Limited, the primary company behind Savë, for FY 2024. Revenue was ₹15.10 Cr (+91% year on year). Net profit was ₹1.49 Cr (10% margin). EBITDA was ₹2.20 Cr (15% margin). Revenue has grown at a compounded annual rate of +141% over three years and +78% over five years.
- ₹15.10 CrRevenue · FY 2024 · +91% YoY
- ₹1.49 CrNet profit · 10% margin
- ₹2.20 CrEBITDA · 15% margin
- ₹1.3 LakhPaid-up capital
- 26Employees (provident fund records)
- +141%Revenue CAGR, 3 years
- +78%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Savy Greentech Private Limited are on its company page.
Detailed financial statements for Savë
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 Savë
2 dated milestones of Savë across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Savë is founded.
- Funding First funding round.
Competitors of Savë
Savë has 3 listed competitors in our database, 3 of them funded. They include TI Clean Mobility, 3evi and ETO Motors.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ticleanmobility.tcc.mode | 2022 | Chennai, India | $519.2M | 530 | Electric three-wheelers are designed, manufactured, and marketed for passenger transport. | |
| 3evi.com | 2019 | Bengaluru, India | $24.64M | 250 | Three-wheel electric vehicles are manufactured along with hyper-local connectivity services. | |
| etomotors.com | 2018 | Hyderabad, India | $15.2M | 109 | Online platform offering electric vehicles and fleet management solutions |
Detailed competitors of Savë
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.
Web traffic of Savë
The website of Savë (savyelectric.in) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 92.2% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Savë (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 Savë
Savë was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Savë is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Chandan Mundhra is the CEO of Savë, as recorded in our data. They have also founded this company.
The primary company behind Savë, Savy Greentech Private Limited, reported revenue of ₹15.10 Cr for FY 2024, up 91% year on year.
Manufacturer of electric rickshaws. The company offer a range of electric passenger vehicles, and more. The company develops vehicles with features like lithium-ion batteries, LCD display, and more.
Savë's top competitors include ETO Motors, TI Clean Mobility and 3evi.
Savë offers City Pod, DumpTruck-E, Garbage, E-Food Cart, and 4 more products and services.
Savë operates through Savy Greentech Private Limited.
The legal entities of Savë currently have 2 directors, including Chandan Mundhra, Ashish Pravinchandra Soni.