About Trueno
Trueno is a company based in Mumbai (India) founded in 2020 by Somil Jain. Trueno has raised $89.07 thousand across 1 funding round from investors including MM Ceramics & Ferro Alloys, Gpr Finance Corp and Narendra Joharimal Goliya. Trueno offers products and services including Trueno App and Electric Scooter. Trueno operates in a competitive market with competitors including Baaz, VA-YU, eleRide, EV4All and ionplus, among others.
- Headquarter Mumbai, India
- Founders Somil Jain
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
- Legal Name Electride Technologies Private Limited
- Date of Incorporation 12 May, 2020
- Jurisdiction Guna, Madhya Pradesh, India
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Annual Revenue
$26.47 K (USD)484.91as on Mar 31, 2022
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Net Profit
-$327.92 (USD)96.31as on Mar 31, 2022
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EBITDA
$4.78 K (USD)161.5as on Mar 31, 2022
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Total Equity Funding
$89.07 K (USD)
in 1 rounds
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Latest Funding Round
$89.07 K (USD), Seed
Apr 26, 2023
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Investors
MM Ceramics & Ferro Alloys
& 6 more
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Employee Count
Not available
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Products & Services of Trueno
Trueno offers a comprehensive portfolio of products and services, including Trueno App and Electric Scooter.
App for managing electric vehicle subscriptions and real-time tracking.
Eco-friendly scooter for daily commuting with sanitation features.
Funding Insights of Trueno
Trueno has successfully raised a total of $89.07K through 1 strategic funding round. The most recent funding activity was a Seed round of $89.07 thousand completed in April 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 Trueno
Trueno has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include MM Ceramics & Ferro Alloys, Gpr Finance Corp and Narendra Joharimal Goliya.
| Investor | Description | Founded Year | Domain | Location |
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NJ
Narendra Joharimal Goliya |
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Locked | Locked | Locked |
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AB
Ajay Bohora |
Co-founder & CEO of Credila, prominent angel investor in Indian startups
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Locked | Locked | Locked |
Investor details for Trueno
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Trueno
Investment portfolio details for Trueno
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Verified entity values are shown only after access is granted.
Financial Statements - Trueno
Detailed financials for Trueno
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Trueno Comparisons
Peer comparison for Trueno
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Verified entity values are shown only after access is granted.
Competitors of Trueno
Trueno 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 Baaz, VA-YU, eleRide, EV4All and ionplus, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Platform offering electric scooters for deliveries
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Operates an online platform for e-scooter rentals, providing convenient urban mobility solutions.
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Provides electric vehicle rentals and subscriptions for individuals and businesses.
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An online platform for subscription-based electric two-wheeler rentals.
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Operates an app-based platform for electric scooter rentals.
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Detailed competitors of Trueno
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Trueno
Complete news archive for Trueno
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Frequently Asked Questions about Trueno
Trueno was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Trueno is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Trueno is a funded company, having raised a total of $89.07K across 1 funding round to date.
Annual revenue of Trueno is $26.47K as on Mar 31, 2022.
Trueno was founded in 2020 in Mumbai, India, by Somil Jain. Operations are focused on the electric mobility sector, where an app-based platform is utilized to deliver subscription services for electric scooters. Users are enabled to access scooters on a flexible, recurring basis, supporting urban commuting needs in the region. The service model emphasizes accessibility and sustainability in personal transportation.
Trueno offers Trueno App and Electric Scooter.
Trueno has 7 investors. Key investors include MM Ceramics & Ferro Alloys, Gpr Finance Corp, Narendra Joharimal Goliya, Ajay Bohora, and Jinal Shah.
The valuation of Trueno is $1.89M as of Apr 2023.