About Varcas Automobiles
Varcas Automobiles is a company based in Hyderabad (India) founded in 2018 by Anand Thakur, Ram Vemireddy, Naveen Jalagam, and Anvesh Basireddy. Varcas Automobiles has raised $51.55 thousand across 2 funding rounds from investors including Vajram Electric and Phani Kumar Adusumalli. The company has 46 employees as of March 21, 2024. Varcas Automobiles offers products and services including Falcon E-Bike, Eagan E-Bike, Crony E-Bike, Aman E-Bike, and Ruby E-Bike. Varcas Automobiles operates in a competitive market with competitors including Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
- Headquarter Hyderabad, India
- Employees 46 as on 21 Mar, 2024
- Founders Anand Thakur, Ram Vemireddy, Naveen Jalagam, Anvesh Basireddy
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Varcas Automobiles Private Limited
- Date of Incorporation 29 Nov, 2018
- Jurisdiction Patancheru, Telangana, India
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Annual Revenue
$10.46 M (USD)427.95as on Mar 31, 2022
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Net Profit
$208.47 K (USD)258.27as on Mar 31, 2022
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EBITDA
$301.28 K (USD)163.4as on Mar 31, 2022
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Total Equity Funding
$51.55 K (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Vajram Electric
& 1 more
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Employee Count
46
as on Mar 21, 2024
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Products & Services of Varcas Automobiles
Varcas Automobiles offers a comprehensive portfolio of products and services, including Falcon E-Bike, Eagan E-Bike, Crony E-Bike, Aman E-Bike, and Ruby E-Bike.
Smart e-bike for urban commuting with GPS and long range.
E-bike offering pedal assist and efficient battery technology.
Versatile e-bike designed for daily eco-friendly rides.
Reliable e-bike with features for sustainable mobility.
Stylish e-bike focused on user comfort and efficiency.
Performance e-bike for active transportation needs.
Efficient e-scooter with advanced tracking and range.
Compact e-scooter for eco-conscious urban travel.
People of Varcas Automobiles
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COO Team
1 people
Finance and Accounting
1 people
Accounts Team
1 people
Leadership Team
1 people
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Funding Insights of Varcas Automobiles
Varcas Automobiles has successfully raised a total of $51.55K across 2 strategic funding rounds. 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 Varcas Automobiles
Varcas Automobiles has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Vajram Electric and Phani Kumar Adusumalli.
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Multi-category electric vehicles are manufactured and developed.
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Phani Kumar Adusumalli |
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Investor details for Varcas Automobiles
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Investments & Acquisitions by Varcas Automobiles
Investment portfolio details for Varcas Automobiles
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Financial Statements - Varcas Automobiles
Detailed financials for Varcas Automobiles
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Varcas Automobiles Comparisons
Peer comparison for Varcas Automobiles
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Competitors of Varcas Automobiles
Varcas Automobiles 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 Ola Electric, Ather Energy, Gogoro, Hero Electric and BGauss, among others.
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Electric scooters and motorcycles are manufactured with related accessories.
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Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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Electric scooters are developed and battery swapping networks are operated.
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Manufacturer offering electric scooters and mobility solutions
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Retailer of electric scooters offering test rides, maintenance, and financing
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Electric scooters are designed and produced for urban mobility.
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Detailed competitors of Varcas Automobiles
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Latest news on Varcas Automobiles
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Frequently Asked Questions about Varcas Automobiles
Varcas Automobiles was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Varcas Automobiles is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Ram Vemireddy is the current CEO of Varcas Automobiles. They have also founded this company.
Varcas Automobiles is a funded company, having raised a total of $51.55K across 2 funding rounds to date.
As of Mar 21, 2024, the latest employee count at Varcas Automobiles is 46.
Annual revenue of Varcas Automobiles is $10.46M as on Mar 31, 2022.
Varcas Automobiles was founded in 2018 in Hyderabad, India, focusing on electric scooter production. The Crony model is equipped with a 250W motor, 80km range, Li-ion battery, GPS tracking, anti-theft measures, and geofencing. Front drum and rear disc brakes are used, alongside regenerative braking. Optional USB ports and remote battery deactivation are offered, with keyless entry standard. Test drives, after-sales support, and dealer-based purchases are provided.
Varcas Automobiles's top competitors include Ather Energy, Ola Electric and BGauss.
Varcas Automobiles offers Falcon E-Bike, Eagan E-Bike, Crony E-Bike, Aman E-Bike, and 4 more products and services.
Varcas Automobiles has 2 investors. Key investors include Vajram Electric, and Phani Kumar Adusumalli.