About SmartE
SmartE is a company based in Delhi (India) founded in 2015 by Goldie Srivastava and Palash Roy Chowdhury. SmartE has raised $21.73 million across 4 funding rounds from investors including Mitsui & Co, Ecotransit Investments International and Akhil Bansal. The company has 5 employees as of June 30, 2023. SmartE offers products and services including SmartE App and Electric Ride Service. SmartE operates in a competitive market with competitors including ZEVO India, MyPickup, MetroRide, Oye Rickshaw and eSavari, among others.
- Headquarter Delhi, India
- Employees 5 as on 30 Jun, 2023
- Founders Goldie Srivastava, Palash Roy Chowdhury
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Treasure Vase Venture Pvt. Ltd.
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Annual Revenue
$388.21 K (USD)-82as on Mar 31, 2024
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Net Profit
-$187.77 K (USD)76as on Mar 31, 2024
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EBITDA
-$157.41 K (USD)66as on Mar 31, 2024
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Total Equity Funding
$21.73 M (USD)
in 4 rounds
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Latest Funding Round
$14.63 M (USD), Series B
Jul 12, 2019
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Investors
Mitsui & Co.
& 2 more
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Employee Count
5
as on Jun 30, 2023
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Products & Services of SmartE
SmartE offers a comprehensive portfolio of products and services, including SmartE App and Electric Ride Service.
App for booking electric rides for short urban distances.
Zero-emission transport for first and last mile connectivity.
Funding Insights of SmartE
SmartE has successfully raised a total of $21.73M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $14.63 million completed in July 2019. 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 Total Funding
- Total Rounds 4
- Last Round Series B — $14.6M
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First Round
First Round
(03 Feb 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series B - SmartE | Valuation | Mitsui |
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| May, 2018 | Amount | Series A - SmartE | Valuation | Ecotransit Investments International |
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| Apr, 2017 | Amount | Series A - SmartE | Valuation | Ecotransit Investments International |
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Investors in SmartE
SmartE has secured backing from 3 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mitsui & Co, Ecotransit Investments International and Akhil Bansal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by the venture capital firm.
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Founded Year | Domain | Location | |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Founded Year | Domain | Location | |
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AB
Akhil Bansal |
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Founded Year | Domain | Location |
Investments & Acquisitions by SmartE
Financial Statements - SmartE
Smarte Comparisons
Competitors of SmartE
SmartE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZEVO India, MyPickup, MetroRide, Oye Rickshaw and eSavari, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end EV supply chain solutions are delivered via a platform.
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| domain | founded_year | HQ Location |
On-demand electric rides are offered for daily commutes through subscriptions.
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| domain | founded_year | HQ Location |
Safe transport for children to school and activities is provided.
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| domain | founded_year | HQ Location |
Online platform offering slot games and fishing arcade with easy registration.
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| domain | founded_year | HQ Location |
Electric rickshaws are manufactured for passenger transport and leasing.
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Frequently Asked Questions about SmartE
SmartE was founded in 2015 and raised its 1st funding round 1 year after it was founded.
SmartE is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Goldie Srivastava is the current CEO of SmartE. They have also founded this company.
SmartE is a funded company, having raised a total of $21.73M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Feb 03, 2016.
As of Jun 30, 2023, the latest employee count at SmartE is 5.
Annual revenue of SmartE is $388.21K as on Mar 31, 2024.
SmartE was founded in 2015 in Delhi, India, within the urban mobility sector. An online platform is operated to deliver ride-hailing and shared rides using electric three-wheelers. On-demand services for short-distance travel are facilitated, emphasizing eco-friendly options. Operations focus on efficient ride matching and emission reduction in urban areas, serving the Indian market.
SmartE's top competitors include Oye Rickshaw, ZEVO India and MetroRide.
SmartE offers SmartE App and Electric Ride Service.
SmartE has 3 investors. Key investors include Mitsui & Co, Ecotransit Investments International, and Akhil Bansal.
The valuation of SmartE is $49.45M as of Jul 2019.