About VidyutTech
VidyutTech is a company based in Bengaluru (India) founded in 2021 by Xitij Kothi and Gaurav Srivastava. VidyutTech has raised $17.59 million across 6 funding rounds from investors including Angel List, Angel and Wellfound. The company has 44 employees as of April 06, 2024. VidyutTech offers products and services including EV Ownership Plan, Subscription Fee, and Cashless Vehicle Maintenance. VidyutTech operates in a competitive market with competitors including RevFin, Turno, Three Wheels United, Ohm Mobility and GoMylz Mobility, among others.
- Headquarter Bengaluru, India
- Employees 44 as on 06 Apr, 2024
- Founders Xitij Kothi, Gaurav Srivastava
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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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 Vidyuttech Services Private Limited
- Date of Incorporation 09 Nov, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$105.95 K (USD)0as on Mar 31, 2023
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Net Profit
-$366.69 K (USD)-785.87as on Mar 31, 2023
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EBITDA
-$388.05 K (USD)-859.44as on Mar 31, 2023
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Total Equity Funding
$17.59 M (USD)
in 6 rounds
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Latest Funding Round
$2.53 M (USD), Series A
Jan 07, 2025
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Investors
Angel List
& 44 more
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Employee Count
44
as on Apr 06, 2024
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Products & Services of VidyutTech
VidyutTech offers a comprehensive portfolio of products and services, including EV Ownership Plan, Subscription Fee, and Cashless Vehicle Maintenance.
Enables EV purchase with low down payment and assured buyback.
Allows pay-per-kilometer for EV battery usage.
Offers hassle-free repairs without upfront costs.
Funding Insights of VidyutTech
VidyutTech has successfully raised a total of $17.59M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.53 million completed in January 2025. 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 6
- Last Round Series A — $2.5M
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First Round
First Round
(13 Jan 2022)
- Investors Count 45
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - VidyutTech | Valuation | Flourish , Lighthouse Canton | |
| Jan, 2024 | Amount | Series A - VidyutTech | Valuation | 3one4 Capital | |
| Jan, 2024 | Amount | Debt – Conventional - VidyutTech | Valuation |
investors |
Investors in VidyutTech
VidyutTech has secured backing from 45 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Angel and Wellfound.
| Investor | Description | Founded Year | Domain | Location |
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by VidyutTech
Financial Statements - VidyutTech
Vidyuttech Comparisons
Competitors of VidyutTech
VidyutTech 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 RevFin, Turno, Three Wheels United, Ohm Mobility and GoMylz Mobility, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of an internet-first lender for EV financing services
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| domain | founded_year | HQ Location |
Commercial electric vehicles are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Electric vehicle financing is offered to low-income clients.
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| domain | founded_year | HQ Location |
A platform for financing electric vehicles is provided to users.
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| domain | founded_year | HQ Location |
Serves as an online platform for financing electric vehicles, simplifying access for consumers.
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Frequently Asked Questions about VidyutTech
VidyutTech was founded in 2021 and raised its 1st funding round 1 year after it was founded.
VidyutTech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
VidyutTech is a funded company, having raised a total of $17.59M across 6 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jan 13, 2022.
As of Apr 06, 2024, the latest employee count at VidyutTech is 44.
Annual revenue of VidyutTech is $105.95K as on Mar 31, 2023.
Founded in 2021 and based in Bengaluru, India, VidyutTech operates in the electric vehicle sector. A platform is provided for end-to-end ownership solutions, encompassing purchase, financing, and resale processes. Resale management includes vehicle inspection, valuation, sales facilitation, and RTO documentation handling. Real-time tracking of vehicle data, such as odometer readings and kilometers driven, is enabled. Additional features encompass subscription options, EMI oversight, user dashboards, and notifications.
VidyutTech's top competitors include RevFin, Turno and Three Wheels United.
VidyutTech offers EV Ownership Plan, Subscription Fee, and Cashless Vehicle Maintenance.
VidyutTech has 45 investors. Key investors include Angel List, Angel, Wellfound, Lighthouse Canton, and LetsVenture.
The valuation of VidyutTech is $19.67M as of Jan 2025.