About Vajram Electric
Vajram Electric is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2022 by Irfan Khan and Hari Kiran. Multi-category electric vehicles are manufactured and developed. 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. Vajram Electric was last valued at $10.43 million in September 2022. Its chief executive, as recorded, is Irfan Khan. Its Indian entity Vajram Electric Mobility Limited reported revenue of ₹13.8 Lakh. Vajram Electric offers products and services including EV Two-Wheelers, EV Three-Wheelers, EV Smart Wheelchairs, and EV Trikes. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Multi Category Vehicles. Its competitors include Motovolt, BNC Motors and Greaves Electric Mobility; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 11
- Founders Irfan Khan, Hari Kiran
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website vajramelectric.com
- Social LinkedIn X Facebook
- Legal Name Vajram Electric Mobility Limited
- Date of Incorporation 01 Mar, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.8 Lakh
FY 2024 · +979% YoY
- Net Loss-₹8.83 Cr
FY 2024 · -6397% margin
- EBITDA-₹8.53 Cr
FY 2024 · -6176% margin
- Total Equity Funding$3.37M (USD)
in 5 rounds
- Latest Funding Round$451.8K (USD), Angel Round
Sep 2024
- Employee Count11
Associated legal entities of Vajram Electric
Vajram Electric operates through Vajram Electric Mobility Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vajram Electric Mobility Limited CIN U34100MH2021PLC356081 | Active | 01 Mar 2021 | Mumbai, Maharashtra | ₹0.1 Cr | 11 | 3 | View details |
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.
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 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 $3.37M
- Total Rounds 5
- Last Round Angel Round — $451,800
- First Round $1.5M
(Sep 2022)
- Investors Count 235
All 5 funding rounds of Vajram Electric 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 |
|---|---|---|---|---|---|
| Sep 2024 | $451,800 | Angel Round | – | – | |
| Mar 2024 | $338,000 | Angel Round | – | – | |
| Aug 2023 | $433,400 | Angel Round | – | – | |
| Jan 2023 | $645,791 | Seed | – | – | |
| Sep 2022 | $1.5M | Seed | $10.43M | Nikul Gala & family, Deepak Pothakamury |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $10.43M | •••••••• |
Last known valuation $10.43M (Sep 2022). 235 investors in total: 3 institutional and 232 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage startups | ||||
AB Anil Basa | unknown_d1d16c64384c47068 | |||
CD Cyprian D Mello | unknown_507f671205874bf89 | |||
DP Deepak Pothakamury | unknown_e2a773d73be5475f9 | |||
VV Vignesh Vimalesan | unknown_daa8192ad07d45618 | |||
AA Amit Aherwar | unknown_9b603813168843169 | |||
PK Priyanka Kasarla | unknown_770793e47f08461e8 | |||
ST Saidulu Thungathurthy | unknown_5517eb26d633414e9 | |||
VB Veerendra Boddu | unknown_1901da893a7b4655b |
Investor details for Vajram Electric
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Board of directors of Vajram Electric Mobility Limited (Vajram Electric)
Vajram Electric Mobility Limited is the primary company behind Vajram Electric. The board of Vajram Electric Mobility Limited currently have 3 directors; the longest-serving is Hari Kiran Pentapalli, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hari Kiran Pentapalli DIN 09085385 | Director | 01 Mar 2021 | 5 yrs 8 mo | Vajram Electric Mobility Limited |
| Tenali Irfan DIN 08398667 | Director | 05 Feb 2022 | 4 yrs 9 mo | Vajram Electric Mobility Limited |
| Chandra Mouli Goddanti DIN 10064593 | Director | 13 Mar 2023 | 3 yrs 7 mo | Vajram Electric Mobility Limited |
People of Vajram Electric
3 people are tracked at Vajram Electric (3 in leadership); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
Irfan Khan | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership | |
| CEO & CBO | Leadership |
Complete people profiles for Vajram Electric
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Financials of Vajram Electric
Figures of Vajram Electric Mobility Limited, the primary company behind Vajram Electric, for FY 2024. Revenue was ₹13.8 Lakh (+979% year on year). Net loss was -₹8.83 Cr (-6397% margin). EBITDA was -₹8.53 Cr (-6176% margin).
- ₹13.8 LakhRevenue · FY 2024 · +979% YoY
- -₹8.83 CrNet loss · -6397% margin
- -₹8.53 CrEBITDA · -6176% margin
- ₹14 LakhPaid-up capital
- 11Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Vajram Electric Mobility Limited are on its company page.
Detailed financial statements for Vajram Electric
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Vajram Electric
4 dated milestones of Vajram Electric across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Vajram Electric is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $452K.
Competitors of Vajram Electric
Vajram Electric has 3 listed competitors in our database, 3 of them funded. They include Motovolt, BNC Motors and Greaves Electric Mobility.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| motovolt.co | 2019 | Kolkata, India | $1.92M | 315 | Electric bicycles with advanced features are developed by Motovolt. | |
| bncmotors.in | 2020 | Coimbatore, India | $8.66M | Electric two-wheelers with removable batteries and hub motors are manufactured. | ||
| greaveselectricmobility.com | 2008 | Bengaluru, India | $226.32M | 1,551 | Manufacturer of electric two and three-wheelers for personal and commercial use |
Detailed competitors of Vajram Electric
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Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Vajram Electric (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 |
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Frequently Asked Questions about Vajram Electric
Vajram Electric was founded in 2022.
Vajram Electric is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Irfan Khan is the CEO of Vajram Electric, as recorded in our data. They have also founded this 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 Seed of $1.5M, raised on Sep 2022.
Vajram Electric has 11 employees.
The primary company behind Vajram Electric, Vajram Electric Mobility Limited, reported revenue of ₹13.8 Lakh for FY 2024, up 979% year on year.
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.
Vajram Electric's top competitors include Greaves Electric Mobility, Motovolt and BNC Motors.
Vajram Electric offers EV Two-Wheelers, EV Three-Wheelers, EV Smart Wheelchairs, and EV Trikes.
Vajram Electric has 235 investors. Key investors include Anil Basa, Cyprian D Mello, Nikul Gala & family, Twogrid Technologies, and Deepak Pothakamury.
The valuation of Vajram Electric is $10.43M as of Sep 2022.
Vajram Electric operates through Vajram Electric Mobility Limited.