About Tork Motors
Tork Motors is a company based in Pimpri Chinchwad (India) founded in 2010.. Tork Motors has raised $10.73 million across 7 funding rounds from investors including Bharat Forge, Maxis Capital and Brand Capital. The company has 208 employees as of August 21, 2024. Tork Motors operates in a competitive market with competitors including Ultraviolette, Oben Electric, Motovolt, Orxa Energies and Greaves Electric Mobility, among others.
- Headquarter Pimpri Chinchwad, India
- Employees 208 as on 21 Aug, 2024
- 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 Tork Motors Private Limited
- Date of Incorporation 22 Mar, 2010
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$4.32 M (USD)615.67as on Mar 31, 2023
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Net Profit
$-5.76 M (USD)-473.97as on Mar 31, 2023
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EBITDA
$-4.4 M (USD)-463.9as on Mar 31, 2023
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Total Equity Funding
$10.73 M (USD)
in 7 rounds
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Latest Funding Round
$6 M (USD), Series C
Feb 08, 2024
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Investors
Bharat Forge
& 26 more
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Employee Count
208
as on Aug 21, 2024
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Funding Insights of Tork Motors
Tork Motors has successfully raised a total of $10.73M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $6 million 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 Total Funding
- Total Rounds 7
- Last Round Series C — $6.0M
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First Round
First Round
(01 Feb 2016)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series C - Tork Motors | Valuation | Maxis Capital |
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| Dec, 2023 | Amount | Series B - Tork Motors | Valuation | Brand Capital |
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| Mar, 2020 | Amount | Angel Round - Tork Motors | Valuation | Ratan N Tata |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tork Motors
Tork Motors has secured backing from 27 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bharat Forge, Maxis Capital and Brand Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Investments in early-stage startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Technology-enabled automotive tools, forging, and machining materials are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tork Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tork Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tork Motors Comparisons
Competitors of Tork Motors
Tork Motors 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 Ultraviolette, Oben Electric, Motovolt, Orxa Energies and Greaves Electric Mobility, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-performance electric motorcycles for street and sports use are engineered.
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| domain | founded_year | HQ Location |
Electric motorcycles and components are designed and manufactured.
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| domain | founded_year | HQ Location |
Electric bicycles with advanced features are developed by Motovolt.
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| domain | founded_year | HQ Location |
Electric motorcycles with swappable batteries are manufactured by Orxa Energies.
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| domain | founded_year | HQ Location |
Manufacturer of electric two and three-wheelers for personal and commercial use
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tork Motors
Frequently Asked Questions about Tork Motors
When was Tork Motors founded?
Tork Motors was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Tork Motors located?
Tork Motors is headquartered in Pimpri Chinchwad, India. It is registered at Pimpri Chinchwad, Maharashtra, India.
Is Tork Motors a funded company?
Tork Motors is a funded company, having raised a total of $10.73M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $13.13K, raised on Feb 01, 2016.
How many employees does Tork Motors have?
As of Aug 21, 2024, the latest employee count at Tork Motors is 208.
What is the annual revenue of Tork Motors?
Annual revenue of Tork Motors is $4.32M as on Mar 31, 2023.
What does Tork Motors do?
Tork Motors was founded in 2010 and is headquartered in Pimpri Chinchwad, India. Operations focus on the production of electric motorcycles within the automotive sector. Vehicles are equipped with GPS trackers, PMAC motors, and clutchless single-speed transmissions. The company handles design, assembly, and integration of these components to support electric mobility solutions in the region.
Who are the top competitors of Tork Motors?
Tork Motors's top competitors include Ultraviolette, Oben Electric and Greaves Electric Mobility.
Who are Tork Motors's investors?
Tork Motors has 27 investors. Key investors include Bharat Forge, Maxis Capital, Brand Capital, Ratan N Tata, and Bhavish Aggarwal.
What is Tork Motors's valuation?
The valuation of Tork Motors is $44.59M as of Feb 2024.