About VAAN
VAAN is a company based in Kochi (India) founded in 2019 by Jithu Sukumaran Nair.. VAAN has raised $1.05 million across 4 funding rounds from investors including Asian Energy Services, Ashwin V and Uppilappatta C Unnikrishnan. The company has 1 employees as of March 28, 2024. VAAN operates in a competitive market with competitors including EMotorad, eBik, Hornback, GHM and Magnes, among others.
- Headquarter Kochi, India
- Employees 1 as on 28 Mar, 2024
- Founders Jithu Sukumaran Nair
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Social
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- Legal Name Vaan Electric Moto Private Limited
- Date of Incorporation 28 Mar, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$303.75 K (USD)-33.98as on Mar 31, 2024
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Net Profit
$-191.69 K (USD)-198.12as on Mar 31, 2024
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EBITDA
$-188.74 K (USD)-71.68as on Mar 31, 2024
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Total Equity Funding
$1.05 M (USD)
in 4 rounds
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Latest Funding Round
$12.09 K (USD), Angel Round
Aug 31, 2023
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Investors
Asian Energy Services
& 7 more
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Employee Count
1
as on Mar 28, 2024
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Funding Insights of VAAN
VAAN has successfully raised a total of $1.05M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $12.09 thousand completed in August 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Angel Round — $12,094
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First Round
First Round
(14 Apr 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Angel Round - VAAN | Valuation | Ashwin V |
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| Jul, 2022 | Amount | Angel Round - VAAN | Valuation | Uppilappatta C Unnikrishnan | |
| Jan, 2022 | Amount | Seed - VAAN | Valuation | Asian Energy Services |
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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 VAAN
VAAN has secured backing from 8 investors, including angel and institutional investors. Prominent investors backing the company include Asian Energy Services, Ashwin V and Uppilappatta C Unnikrishnan. 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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Geophysical services are offered to the energy and minerals sector.
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Founded Year | Domain | Location | |
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Printed newspapers are published by Bennett, Coleman in India.
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Founded Year | Domain | Location | |
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AV
Ashwin V |
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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 VAAN
| 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 - VAAN
| 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 |
Vaan Comparisons
Competitors of VAAN
VAAN 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 EMotorad, eBik, Hornback, GHM and Magnes, 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 |
Electric bicycles and e-bikes are offered via an online platform.
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| domain | founded_year | HQ Location |
Electric bicycles are manufactured with features for pedal-assisted riding.
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| domain | founded_year | HQ Location |
Foldable electric bicycles are provided by Hornback platform.
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| domain | founded_year | HQ Location |
Electric bicycles are designed, manufactured, and sold by GHM.
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| domain | founded_year | HQ Location |
Electric bicycles and vehicles are manufactured in Mumbai, India.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Vaan
Frequently Asked Questions about VAAN
When was VAAN founded?
VAAN was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is VAAN located?
VAAN is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Is VAAN a funded company?
VAAN is a funded company, having raised a total of $1.05M across 4 funding rounds to date. The company's 1st funding round was a Seed of $805.96K, raised on Apr 14, 2021.
How many employees does VAAN have?
As of Mar 28, 2024, the latest employee count at VAAN is 1.
What is the annual revenue of VAAN?
Annual revenue of VAAN is $303.75K as on Mar 31, 2024.
What does VAAN do?
VAAN was founded in 2019 and is based in Kochi, India, where electric bicycles are manufactured. Models feature a removable battery providing up to 60 km range, along with LCD displays, speed sensors, and pedal-assist systems. Operations focus on producing these e-bikes for urban mobility, with components integrated for efficiency and user control in the sustainable transportation sector.
Who are VAAN's investors?
VAAN has 8 investors. Key investors include Asian Energy Services, Ashwin V, Uppilappatta C Unnikrishnan, Vijayan Ka Likkot Valappil, and Hridai Antony.
What is VAAN's valuation?
The valuation of VAAN is $22.51M as of Aug 2023.