About Tork Motors
Tork Motors is a Transportation, Automotive & Logistics company based in Pimpri Chinchwad (India) founded in 2010. Electric motorcycles with GPS trackers are manufactured by Tork Motors. 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. Tork Motors was last valued at $44.59 million in February 2024. Its Indian entity Tork Motors Private Limited reported revenue of ₹59.57 Cr. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Two Wheelers. Its competitors include Ultraviolette, Oben Electric and Motovolt; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Pimpri Chinchwad, India
- Employees 208
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website torkmotors.com
- Social LinkedIn X Facebook Instagram
- Legal Name Tork Motors Private Limited
- Date of Incorporation 22 Mar, 2010
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹59.57 Cr
FY 2024 · +89% YoY
- Net Loss-₹113 Cr
FY 2024 · -189% margin
- EBITDA-₹95.76 Cr
FY 2024 · -161% margin
- Total Equity Funding$10.73M (USD)
in 7 rounds
- Latest Funding Round$6M (USD), Series C
Feb 2024
- InvestorsBharat Forge
& 26 more
- Employee Count208
Associated legal entities of Tork Motors
Tork Motors operates through Tork Motors Private Limited (under cirp). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tork Motors Private Limited CIN U34104PN2010PTC135855 | Under Cirp | 22 Mar 2010 | Pune, Maharashtra | ₹59.6 Cr | 208 | 5 | View details |
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 $10.73M
- Total Rounds 7
- Last Round Series C — $6M
- First Round $524,700
(Feb 2016)
- Investors Count 27
All 7 funding rounds of Tork Motors 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 | $6M | Series C | $44.59M | Maxis Capital | – |
| Dec 2023 | Series B | – | Brand Capital | – | |
| Mar 2020 | $13,134 | Angel Round | $11.07M | Ratan N Tata | – |
| Feb 2018 | $3.46M | Series A | $••••• | Bharat Forge | – |
| Jan 2018 | $203,629 | Angel Round | $••••• | Bhavish Aggarwal, Chandrakant Shelke | |
| Feb 2016 | $524,700 | Angel Round | $••••• | Bhavish Aggarwal | |
| Feb 2016 | $525,783 | Angel Round | – | Bhavish Aggarwal |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $44.59M | •••••••• |
| Mar 2020 | $11.07M | •••••••• |
| Feb 2018 | $••••• | •••••••• |
| Jan 2018 | $••••• | •••••••• |
| Feb 2016 | $••••• | •••••••• |
Full valuation and stage history of Tork Motors
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $44.59M (Feb 2024). 27 investors in total: 3 institutional and 24 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| maxiscapital.com | ||||
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Technology-enabled automotive tools, forging, and machining materials are manufactured. | 1961 | bharatforge.com | Pune, India | |
RN Ratan N Tata | Chairman Emeritus of Tata Sons, iconic industrialist, and active angel investor | unknown_8d176a5561c44f0ba | ||
BA Bhavish Aggarwal | Founder & CEO of Ola, leading Indian mobility platform, active angel investor | unknown_e6db21a2d3af4e7ab | ||
AB Ankit Bhati | Co-founder of Ola, angel investor in Indian startups | unknown_4aa82f20ae8c4de8b | ||
KC Kapil Chandrakant Shelke | Founder of Tork Motors, pioneering electric vehicles, active angel investor | unknown_a80d9e3f825d44b09 | ||
CS Chandrakant Shelke | unknown_0e0925532c264a069 | |||
GG Gagan Goyal | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_0d60287651d2431da | ||
RS Rajiv Sonigara | unknown_5a3541a2916e4ea2b |
Investor details for Tork Motors
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Tork Motors Private Limited (Tork Motors)
Tork Motors Private Limited is the primary company behind Tork Motors. The board of Tork Motors Private Limited currently have 5 directors; the longest-serving is Kapil Chandrakant Shelke, appointed in 2010. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kapil Chandrakant Shelke DIN 02880431 | Managing Director | 22 Mar 2010 | 16 yrs 7 mo | Tork Motors Private Limited |
| Keerthi Kiran Gautham DIN 09262811 | Nominee Director | 06 Feb 2023 | 3 yrs 9 mo | Tork Motors Private Limited |
| Santosh Kumar Singh DIN 10252825 | Nominee Director | 24 Jul 2023 | 3 yrs 3 mo | Tork Motors Private Limited |
| Sunil Nilkanth Kulkarni DIN 07228952 | Nominee Director | 27 Jul 2023 | 3 yrs 3 mo | Tork Motors Private Limited |
| Anagha Srinivas Rao Anasingaraju DIN 02513563 | IRP/RP/Liquidator | 17 Dec 2025 | 10 mo | Tork Motors Private Limited |
People of Tork Motors
3 people are tracked at Tork Motors (3 in team); the tracked headcount is 208.
| Name | Role | Group |
|---|---|---|
Sushant Khade | Analysis Engineer | Team |
Abhishek Gupta | Data Scientist | Team |
Ganesh Khandagale | Software Developer | Team |
Complete people profiles for Tork Motors
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Tork Motors
Figures of Tork Motors Private Limited, the primary company behind Tork Motors, for FY 2024. Revenue was ₹59.57 Cr (+89% year on year). Net loss was -₹113 Cr (-189% margin). EBITDA was -₹95.76 Cr (-161% margin). Revenue has grown at a compounded annual rate of +139% over three years and +198% over five years.
- ₹59.57 CrRevenue · FY 2024 · +89% YoY
- -₹113 CrNet loss · -189% margin
- -₹95.76 CrEBITDA · -161% margin
- ₹4.2 LakhPaid-up capital
- 208Employees (provident fund records)
- +139%Revenue CAGR, 3 years
- +198%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tork Motors Private Limited are on its company page.
Detailed financial statements for Tork Motors
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Tork Motors
4 dated milestones of Tork Motors across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Tork Motors is founded.
- Funding First funding round of $525K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $6.0M.
Competitors of Tork Motors
Tork Motors has 3 listed competitors in our database, 3 of them funded. They include Ultraviolette, Oben Electric and Motovolt.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ultraviolette.com | 2016 | Bengaluru, India | $103.97M | 358 | High-performance electric motorcycles for street and sports use are engineered. | |
| obenelectric.com | 2020 | Bengaluru, India | $27.36M | 198 | Electric motorcycles and components are designed and manufactured. | |
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. |
Detailed competitors of Tork Motors
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Tork Motors
The website of Tork Motors (torkmotors.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 27.5% vs previous month
Websites whose visitors overlap most with Tork Motors. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hyosungmotorsusa.com | hyosungmotorsusa.com | 100% | – | ||
korider.com | korider.com | 100% | – | ||
alternativecruisers.com | alternativecruisers.com | 100% | – | ||
hyosung-gt-gv-650.forumieren.com | hyosung-gt-gv-650.forumieren.com | 99% | – | ||
| obenelectric.com | 95% | 104.9K | #300,967 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Tork Motors
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Tork Motors (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 37.93 M | 401 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Tork Motors
Complete news archive for Tork Motors
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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. The company's 1st funding round was a Angel Round of $524.7K, raised on Feb 2016.
Tork Motors has 208 employees.
The primary company behind Tork Motors, Tork Motors Private Limited, reported revenue of ₹59.57 Cr for FY 2024, up 89% year on year.
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 Motovolt.
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.
Tork Motors operates through Tork Motors Private Limited.
The legal entities of Tork Motors currently have 5 directors, including Santosh Kumar Singh, Sunil Nilkanth Kulkarni, Anagha Srinivas Rao Anasingaraju and others.