About Vajram Electric
Vajram Electric is a company based in Mumbai (India) founded in 2022 by Irfan Khan and Hari Kiran.. Vajram Electric has raised $3.37 million across 5 funding rounds from investors including Anil Basa, Cyprian D Mello and Nikul Gala & family. The company has 11 employees as of April 07, 2024. Vajram Electric offers products and services including EV Two-Wheelers, EV Three-Wheelers, EV Smart Wheelchairs, and EV Trikes. Vajram Electric operates in a competitive market with competitors including Tesla, Fisker, Motovolt, BAIC New Energy and BNC Motors, among others.
- Headquarter Mumbai, India
- Employees 11 as on 07 Apr, 2024
- Founders Irfan Khan, Hari Kiran
- Stage Minicorn
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Vajram Electric Mobility Limited
- Date of Incorporation 01 Mar, 2021
- Jurisdiction Mumbai Suburban, Maharashtra, India
-
Annual Revenue
$1.54 K (USD)0as on Mar 31, 2023
-
Net Profit
$-446.53 K (USD)-39183.66as on Mar 31, 2023
-
EBITDA
$-420.27 K (USD)-41443.93as on Mar 31, 2023
-
Total Equity Funding
$3.37 M (USD)
in 5 rounds
-
Latest Funding Round
$451.8 K (USD), Angel Round
Sep 23, 2024
-
Investors
Nikul Gala & family
& 234 more
-
Employee Count
11
as on Apr 07, 2024
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
Products & Services of Vajram Electric
Vajram Electric offers a comprehensive portfolio of products and services, including EV Two-Wheelers, EV Three-Wheelers, EV Smart Wheelchairs, and EV Trikes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance two-wheelers designed for efficiency and urban durability.
Versatile three-wheelers for eco-friendly urban transportation needs.
Advanced wheelchairs providing comfort and technological independence.
Stable trikes focused on safety and user-friendly designs.
Funding Insights of Vajram Electric
Vajram Electric has successfully raised a total of $3.37M across 5 strategic funding rounds. The most recent funding activity was a Angel Round round of $451.8 thousand completed in September 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 5
- Last Round Angel Round — $451,800
-
First Round
First Round
(14 Sep 2022)
- Investors Count 235
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Angel Round - Vajram Electric | Valuation |
investors |
|
| Mar, 2024 | Amount | Angel Round - Vajram Electric | Valuation |
investors |
|
| Aug, 2023 | Amount | Angel Round - Vajram Electric | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vajram Electric
Vajram Electric has secured backing from 235 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Anil Basa, Cyprian D Mello and Nikul Gala & family. 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 |
|---|---|---|---|---|
|
Venture capital fund investing in early-stage startups
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
AB
Anil Basa |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Vajram Electric
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Vajram Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vajram Electric Comparisons
Competitors of Vajram Electric
Vajram Electric 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 Tesla, Fisker, Motovolt, BAIC New Energy and BNC Motors, 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 vehicles and solar energy products are manufactured.
|
|
| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
|
|
| domain | founded_year | HQ Location |
Electric bicycles with advanced features are developed by Motovolt.
|
|
| domain | founded_year | HQ Location |
Electric vehicles are developed and engineered in Beijing, China.
|
|
| domain | founded_year | HQ Location |
Electric two-wheelers with removable batteries and hub motors are manufactured.
|
|
| domain | founded_year | HQ Location |
Manufacturer of electric two and three-wheelers for personal and commercial use
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Vajram Electric
Frequently Asked Questions about Vajram Electric
When was Vajram Electric founded?
Vajram Electric was founded in 2022.
Where is Vajram Electric located?
Vajram Electric is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Vajram Electric?
Irfan Khan is the current CEO of Vajram Electric. They have also founded this company.
Is Vajram Electric a funded company?
Vajram Electric is a funded company, having raised a total of $3.37M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $433.4K, raised on Sep 14, 2022.
How many employees does Vajram Electric have?
As of Apr 07, 2024, the latest employee count at Vajram Electric is 11.
What is the annual revenue of Vajram Electric?
Annual revenue of Vajram Electric is $1.54K as on Mar 31, 2023.
What does Vajram Electric do?
Vajram Electric was founded in 2022 in Mumbai, India, within the electric vehicle manufacturing sector. Scooters, trikes, and custom-built vehicles for commercial applications are designed and developed by the company. Modular two-wheeler electric power trains are also produced. Operations focus on innovative platforms for diverse electric mobility solutions in the Indian market.
Who are the top competitors of Vajram Electric?
Vajram Electric's top competitors include Fisker, Tesla and Greaves Electric Mobility.
What products or services does Vajram Electric offer?
Vajram Electric offers EV Two-Wheelers, EV Three-Wheelers, EV Smart Wheelchairs, and EV Trikes.
Who are Vajram Electric's investors?
Vajram Electric has 235 investors. Key investors include Anil Basa, Cyprian D Mello, Nikul Gala & family, Twogrid Technologies, and Deepak Pothakamury.
What is Vajram Electric's valuation?
The valuation of Vajram Electric is $10.43M as of Sep 2022.