About SMV Green Solutions
SMV Green Solutions is a Transportation, Automotive & Logistics company based in Varanasi (India) founded in 2015 by Naveen Krishna. Electric vehicles and associated services are dealt in India. SMV Green Solutions has raised $960.05 thousand across 6 funding rounds from investors including Schneider Electric, Yunus Social Business and elea Foundation. The company has 32 employees. SMV Green Solutions was last valued at $5.52 million in February 2024. Its chief executive, as recorded, is Naveen Krishna. Its Indian entity Smv Green Solutions Private Limited reported revenue of ₹5.40 Cr. Its focus areas include Auto, Auto Retail & Aftersales, Dealership and Electric Vehicles. Its competitors include BikeWo, eWheelers and EV India; 2 of its 3 listed competitors have raised funding.
Company details
SMV Green Solutions was established in 2015 in Varanasi, India, within the electric vehicle sector. A range of products such as electric rickshaws is handled, alongside services including battery swaps, insurance coverage, vocational training programs, and financial assistance. Operations focus on distribution and support for sustainable mobility solutions in the region.
- Headquarters Varanasi, India
- Employees 32
- Founders Naveen Krishna
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website smvgreen.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Smv Green Solutions Private Limited
- Date of Incorporation 27 May, 2015
- Jurisdiction Varanasi, Uttar Pradesh, India
- Annual Revenue₹5.40 Cr
FY 2025 · -37% YoY
- Net Loss-₹1.24 Cr
FY 2025 · -23% margin
- EBITDA-₹2.22 Cr
FY 2025 · -41% margin
- Total Equity Funding$960.05K (USD)
in 6 rounds
- Latest Funding Round$349.35K (USD), Seed
Feb 2024
- InvestorsSchneider Electric
& 6 more
- Employee Count32
Associated legal entities of SMV Green Solutions
SMV Green Solutions operates through Smv Green Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Smv Green Solutions Private Limited CIN U74120UP2015PTC070994 | Active | 27 May 2015 | Varanasi, Uttar Pradesh | ₹5.4 Cr | 32 | 4 | View details |
Apps and channels of SMV Green Solutions
its YouTube channel SMV Green Solutions has 21 subscribers.
Funding Insights of SMV Green Solutions
SMV Green Solutions has successfully raised a total of $960.05K across 6 strategic funding rounds. The most recent funding activity was a Seed round of $349.35 thousand completed in February 2024. 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 $960,047
- Total Rounds 6
- Last Round Seed — $349,346
- First Round $43,770
(Feb 2016)
- Investors Count 7
All 6 funding rounds of SMV Green Solutions 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 |
|---|---|---|---|---|---|
| Feb 2024 | $349,346 | Seed | $5.52M | – | |
| Oct 2022 | $519,616 | Seed | $5.29M | – | |
| Aug 2019 | $243,646 | Debt – Conventional | – | – | |
| Jul 2018 | $47,315 | Seed | $••••• | – | |
| Oct 2017 | Seed | – | Upaya Social Ventures | – | |
| Feb 2016 | $43,770 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $5.52M | •••••••• |
| Oct 2022 | $5.29M | •••••••• |
| Jul 2018 | $••••• | •••••••• |
Full valuation and stage history of SMV Green Solutions
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $5.52M (Feb 2024). 7 investors in total: 7 institutional.
Investors in SMV Green Solutions
SMV Green Solutions has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Schneider Electric, Yunus Social Business and elea Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PE firm investing in Africa | kibo-capital.com | Ebene City, Mauritius | ||
Venture capital is invested in early-stage offline and energy firms. | 2011 | yunussb.com | Berlin, Germany | |
Startup acceleration programs and seed financing are provided in India. | upayasv.org | Seattle, United States | ||
A foundation focused on rural development | elea.org | Zurich, Switzerland | ||
Energy management and automation solutions are provided globally. | 1836 | se.com | ||
Offers warehousing, transportation, and 3PL logistics services across India. | 2011 | ncubatelogistics.com | Delhi, India |
Investor details for SMV Green Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Smv Green Solutions Private Limited (SMV Green Solutions)
Smv Green Solutions Private Limited is the primary company behind SMV Green Solutions. The board of Smv Green Solutions Private Limited currently have 4 directors; the longest-serving is Naveen Krishna, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naveen Krishna DIN 03026967 | Director | 27 May 2015 | 11 yrs 5 mo | Smv Green Solutions Private Limited |
| Dadan Ji Singh DIN 03027662 | Director | 27 May 2015 | 11 yrs 5 mo | Smv Green Solutions Private Limited |
| Kushagra Nainit Merchant DIN 05352414 | Director | 28 Aug 2021 | 5 yrs 2 mo | Smv Green Solutions Private Limited |
| Shweta Singh DIN 10481166 | Director | 11 Mar 2024 | 2 yrs 7 mo | Smv Green Solutions Private Limited |
People of SMV Green Solutions
1 people are tracked at SMV Green Solutions (1 in leadership); the tracked headcount is 32.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for SMV Green Solutions
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Verified entity values are shown only after access is granted.
Financials of SMV Green Solutions
Figures of Smv Green Solutions Private Limited, the primary company behind SMV Green Solutions, for FY 2025. Revenue was ₹5.40 Cr (-37% year on year). Net loss was -₹1.24 Cr (-23% margin). EBITDA was -₹2.22 Cr (-41% margin). Revenue has grown at a compounded annual rate of -27% over three years and -14% over five years.
- ₹5.40 CrRevenue · FY 2025 · -37% YoY
- -₹1.24 CrNet loss · -23% margin
- -₹2.22 CrEBITDA · -41% margin
- ₹1.5 LakhPaid-up capital
- 32Employees (provident fund records)
- -27%Revenue CAGR, 3 years
- -14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Smv Green Solutions Private Limited are on its company page.
Detailed financial statements for SMV Green Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SMV Green Solutions
4 dated milestones of SMV Green Solutions across 9 years, from founding to its latest funding, stage changes and deals.
- Founded SMV Green Solutions is founded.
- Funding First funding round of $44K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $349K.
Competitors of SMV Green Solutions
SMV Green Solutions has 3 listed competitors in our database, 2 of them funded. They include BikeWo, eWheelers and EV India.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bikewo.in | 2011 | Hyderabad, India | $432,726 | Provider of multibrand EV two-wheeler infrastructure for EV charging points & battery swapping | ||
| ewheelers.com | 2015 | Hyderabad, India | Manages an e-commerce store specializing in various electric vehicles. | |||
| evindia.online | 2021 | Ahmedabad, India | $25,152 | Electric two-wheelers are listed and compared via an online platform. |
Detailed competitors of SMV Green Solutions
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Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as SMV Green Solutions (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Smv Green Solutions
Complete news archive for SMV Green Solutions
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Frequently Asked Questions about SMV Green Solutions
SMV Green Solutions was founded in 2015 and raised its 1st funding round 1 year after it was founded.
SMV Green Solutions is headquartered in Varanasi, India. It is registered at Varanasi, Uttar Pradesh, India.
Naveen Krishna is the CEO of SMV Green Solutions, as recorded in our data. They have also founded this company.
SMV Green Solutions is a funded company, having raised a total of $960.05K across 6 funding rounds to date. The company's 1st funding round was a Seed of $43.77K, raised on Feb 2016.
SMV Green Solutions has 32 employees.
The primary company behind SMV Green Solutions, Smv Green Solutions Private Limited, reported revenue of ₹5.40 Cr for FY 2025, down 37% year on year.
SMV Green Solutions was established in 2015 in Varanasi, India, within the electric vehicle sector. A range of products such as electric rickshaws is handled, alongside services including battery swaps, insurance coverage, vocational training programs, and financial assistance. Operations focus on distribution and support for sustainable mobility solutions in the region.
SMV Green Solutions has 7 investors. Key investors include Schneider Electric, Yunus Social Business, elea Foundation, Kibo Capital Partners, and Lesing.
The valuation of SMV Green Solutions is $5.52M as of Feb 2024.
SMV Green Solutions operates through Smv Green Solutions Private Limited.
The legal entities of SMV Green Solutions currently have 4 directors, including Naveen Krishna, Kushagra Nainit Merchant, Shweta Singh and others.