About The Accelo
The Accelo is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2017 by Arbaz Reza and Aditya Unde. Self-driving technologies for shuttles and autonomous vehicles are developed. The Accelo has raised $139.54 thousand across 3 funding rounds from investors including Pontaq, Riidl and SINE. The Accelo was last valued at $153.92 thousand in October 2023. Its chief executive, as recorded, is Arbaz Reza. Its Indian entity Accelo Innovation Private Limited reported revenue of ₹15.6 Lakh. The Accelo offers products and services including Accelo Skateboard Technology, ISAAC Electric Shuttle, and BEAST Electric Pickup Truck. Its focus areas include Auto Tech, Autonomous Vehicles, Self Driving Technology and Shuttles.
Company details
Accelo was founded in 2017 in Mumbai, India, within the autonomous mobility sector. Self-driving technologies for shuttles are developed using robotic techniques. An autonomous platform is provided for shuttle services to users. Flatbed trucks and caravans with autonomous capabilities are also created. Operations are optimized through features like lightweight chassis design, supporting efficient transport solutions in urban and logistics environments.
- Headquarters Mumbai, India
- Founders Arbaz Reza, Aditya Unde
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website theaccelo.com
- Social LinkedIn Facebook
- Legal Name Accelo Innovation Private Limited
- Date of Incorporation 15 May, 2017
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹15.6 Lakh
FY 2025 · -2% YoY
- Net Loss-₹78,131
FY 2025 · -5% margin
- EBITDA₹29,893
FY 2025 · 2% margin
- Total Equity Funding$139.54K (USD)
in 3 rounds
- Latest Funding Round$30.1K (USD), Seed
Oct 2023
- InvestorsPontaq
& 4 more
Associated legal entities of The Accelo
The Accelo operates through Accelo Innovation 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 |
|---|---|---|---|---|---|---|---|
| Accelo Innovation Private Limited CIN U93090MH2017PTC294864 | Active | 15 May 2017 | Nagpur, Maharashtra | ₹0.2 Cr | 2 | View details |
Products & Services of The Accelo
The Accelo offers a comprehensive portfolio of products and services, including Accelo Skateboard Technology, ISAAC Electric Shuttle, and BEAST Electric Pickup Truck.
Enables fast development of electric vehicles for manufacturers.
Provides transportation for campuses with six-passenger capacity.
Offers logistics transport with high payload and efficiency.
Funding Insights of The Accelo
The Accelo has successfully raised a total of $139.54K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $30.1 thousand completed in October 2023. 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 $139,539
- Total Rounds 3
- Last Round Seed — $30,100
- First Round $32,439
(Oct 2019)
- Investors Count 5
All 3 funding rounds of The Accelo 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 |
|---|---|---|---|---|---|
| Oct 2023 | $30,100 | Seed | $153,921 | Pontaq | – |
| Mar 2022 | $77,000 | Seed | $129,131 | SINE | – |
| Oct 2019 | $32,439 | Seed | – | Bindu Musti |
Last known valuation $153,921 (Oct 2023). 5 investors in total: 3 institutional and 2 angel.
Investors in The Accelo
The Accelo has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Pontaq, Riidl and SINE.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on UK-India innovation corridor and technology transfer. | 2015 | pontaq.vc | London, United Kingdom | |
Sector-agnostic startups are accelerated by SINE, backed by IIT Bombay. | sineiitb.org | Mumbai, India | ||
Research, innovation, incubation, and design services. | 2010 | riidl.org | Mumbai, India | |
BM Bindu Musti | unknown_ce0d32718e9649ed9 | |||
BK Binesh Kakkatil | unknown_456a95d13f4c45278 |
Investor details for The Accelo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Accelo Innovation Private Limited (The Accelo)
Accelo Innovation Private Limited is the primary company behind The Accelo. The board of Accelo Innovation Private Limited currently have 2 directors; the longest-serving is Syed Arbaz Reza, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Syed Arbaz Reza DIN 07675989 | Director | 15 May 2017 | 9 yrs 5 mo | Accelo Innovation Private Limited |
| Manoshij Ghosh DIN 10259035 | Director | 28 Jul 2023 | 3 yrs 3 mo | Accelo Innovation Private Limited |
People of The Accelo
2 people are tracked at The Accelo (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for The Accelo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of The Accelo
Figures of Accelo Innovation Private Limited, the primary company behind The Accelo, for FY 2025. Revenue was ₹15.6 Lakh (-2% year on year). Net loss was -₹78,131 (-5% margin). EBITDA was ₹29,893 (2% margin). Revenue has grown at a compounded annual rate of +20% over three years.
- ₹15.6 LakhRevenue · FY 2025 · -2% YoY
- -₹78,131Net loss · -5% margin
- ₹29,893EBITDA · 2% margin
- ₹1.28 CrPaid-up capital
- +20%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Accelo Innovation Private Limited are on its company page.
Detailed financial statements for The Accelo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of The Accelo
3 dated milestones of The Accelo across 6 years, from founding to its latest funding, stage changes and deals.
- Founded The Accelo is founded.
- Funding First funding round of $32K.
- Funding Latest funding round, Seed, of $30K.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as The Accelo (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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Related news about The Accelo
Complete news archive for The Accelo
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Frequently Asked Questions about The Accelo
The Accelo was founded in 2017 and raised its 1st funding round 2 years after it was founded.
The Accelo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Arbaz Reza is the CEO of The Accelo, as recorded in our data. They have also founded this company.
The Accelo is a funded company, having raised a total of $139.54K across 3 funding rounds to date. The company's 1st funding round was a Seed of $32.44K, raised on Oct 2019.
The primary company behind The Accelo, Accelo Innovation Private Limited, reported revenue of ₹15.6 Lakh for FY 2025, down 2% year on year.
Accelo was founded in 2017 in Mumbai, India, within the autonomous mobility sector. Self-driving technologies for shuttles are developed using robotic techniques. An autonomous platform is provided for shuttle services to users. Flatbed trucks and caravans with autonomous capabilities are also created. Operations are optimized through features like lightweight chassis design, supporting efficient transport solutions in urban and logistics environments.
The Accelo offers Accelo Skateboard Technology, ISAAC Electric Shuttle, and BEAST Electric Pickup Truck.
The valuation of The Accelo is $153.92K as of Oct 2023.
The Accelo operates through Accelo Innovation Private Limited.
The legal entities of The Accelo currently have 2 directors, including Manoshij Ghosh, Syed Arbaz Reza.