About The Accelo
The Accelo is a company based in Mumbai (India) founded in 2017 by Arbaz Reza and Aditya Unde. The Accelo has raised $139.54 thousand across 3 funding rounds from investors including Pontaq, Riidl and SINE. The Accelo offers products and services including Accelo Skateboard Technology, ISAAC Electric Shuttle, and BEAST Electric Pickup Truck. The Accelo operates in a competitive market with competitors including Zoox, NEVS, May Mobility, Optimus Ride and Navya Technology, among others.
- Headquarter Mumbai, India
- Founders Arbaz Reza, Aditya Unde
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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 Accelo Innovation Private Limited
- Date of Incorporation 15 May, 2017
- Jurisdiction Nagpur, Maharashtra, India
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Annual Revenue
$1.8 K (USD)-83.33as on Mar 31, 2023
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Net Profit
-$27.24 K (USD)-246.52as on Mar 31, 2023
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EBITDA
-$24.66 K (USD)-618.72as on Mar 31, 2023
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Total Equity Funding
$139.54 K (USD)
in 3 rounds
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Latest Funding Round
$30.1 K (USD), Seed
Oct 20, 2023
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Investors
Pontaq
& 4 more
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Employee Count
Not available
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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.
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.
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Venture capital fund focused on UK-India innovation corridor and technology transfer.
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Sector-agnostic startups are accelerated by SINE, backed by IIT Bombay.
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Research, innovation, incubation, and design services.
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Investor details for The Accelo
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Investments & Acquisitions by The Accelo
Investment portfolio details for The Accelo
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Financial Statements - The Accelo
Detailed financials for The Accelo
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The Accelo Comparisons
Peer comparison for The Accelo
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Competitors of The Accelo
The Accelo 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 Zoox, NEVS, May Mobility, Optimus Ride and Navya Technology, among others.
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Autonomous mobility solutions are provided through AI-enabled platforms.
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Electric autonomous cars are manufactured for urban mobility needs.
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Autonomous shuttles are developed for urban transportation solutions.
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Self-driving technology for shuttles is developed and provided.
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Autonomous electric shuttles and tractors are developed for mobility solutions.
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Developer of electric autonomous shuttles and mass transit solutions
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Detailed competitors of The Accelo
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Latest news on 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 current CEO of The Accelo. 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.
Annual revenue of The Accelo is $1.8K as on Mar 31, 2023.
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's top competitors include Zoox, May Mobility and NEVS.
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.