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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People of Tork Motors
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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.
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.
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Investments in early-stage startups are made by Brand Capital.
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Technology-enabled automotive tools, forging, and machining materials are manufactured.
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Investor details for Tork Motors
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Investments & Acquisitions by Tork Motors
Investment portfolio details for Tork Motors
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Financial Statements - Tork Motors
Detailed financials for Tork Motors
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Tork Motors Comparisons
Peer comparison for Tork Motors
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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.
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High-performance electric motorcycles for street and sports use are engineered.
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Electric motorcycles and components are designed and manufactured.
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Electric bicycles with advanced features are developed by Motovolt.
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Electric motorcycles with swappable batteries are manufactured by Orxa Energies.
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Manufacturer of electric two and three-wheelers for personal and commercial use
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Detailed competitors of Tork Motors
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Latest news on Tork Motors
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Frequently Asked Questions about Tork Motors
Tork Motors was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Tork Motors is headquartered in Pimpri Chinchwad, India. It is registered at Pimpri Chinchwad, Maharashtra, India.
Tork Motors is a funded company, having raised a total of $10.73M across 7 funding rounds to date.
As of Aug 21, 2024, the latest employee count at Tork Motors is 208.
Annual revenue of Tork Motors is $4.32M as on Mar 31, 2023.
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.
Tork Motors's top competitors include Ultraviolette, Oben Electric and Greaves Electric Mobility.
Tork Motors has 27 investors. Key investors include Bharat Forge, Maxis Capital, Brand Capital, Ratan N Tata, and Bhavish Aggarwal.
The valuation of Tork Motors is $44.59M as of Feb 2024.