About VidyutTech
VidyutTech is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2021 by Xitij Kothi and Gaurav Srivastava. It operates as an electric vehicle financing and ownership platform is offered. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. VidyutTech has raised $17.59 million across 6 funding rounds from investors including Angel List, Angel and Wellfound. The company has 44 employees. VidyutTech was last valued at $19.67 million in January 2025. Its Indian entity Vidyuttech Services Private Limited reported revenue of ₹10.19 Cr. VidyutTech offers products and services including EV Ownership Plan, Subscription Fee, and Cashless Vehicle Maintenance. Its focus areas include Energy Tech, Electric Vehicles, Financing and Internet First Lender. Its competitors include RevFin, Turno, Three Wheels United, Ohm Mobility and GoMylz Mobility; 4 of its 5 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 44
- Founders Xitij Kothi, Gaurav Srivastava
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website vidyuttech.in
- Social LinkedIn Facebook Instagram
- Legal Name Vidyuttech Services Private Limited
- Date of Incorporation 09 Nov, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹10.19 Cr
FY 2025 · +315% YoY
- Net Loss-₹19.58 Cr
FY 2025 · -192% margin
- EBITDA-₹14.59 Cr
FY 2025 · -143% margin
- Total Equity Funding$17.59M (USD)
in 6 rounds
- Latest Funding Round$2.53M (USD), Series A
Jan 2025
- InvestorsAngel List
& 44 more
- Employee Count44
Associated legal entities of VidyutTech
VidyutTech operates through Vidyuttech Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vidyuttech Services Private Limited CIN U50400KA2021PTC154044 | Active | 09 Nov 2021 | Bangalore, Karnataka | ₹10.2 Cr | 44 | 2 | View details |
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 $17.59M
- Total Rounds 6
- Last Round Series A — $2.53M
- First Round $1.06M
(Jan 2022)
- Investors Count 45
All 6 funding rounds of VidyutTech 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 |
|---|---|---|---|---|---|
| Jan 2025 | $2.53M | Series A | $19.67M | Flourish, Lighthouse Canton | |
| Jan 2024 | – | Debt – Conventional | – | – | |
| Jan 2024 | $10M | Series A | $16.73M | 3one4 Capital | |
| Dec 2022 | $4M | Seed | $••••• | Force Ventures, Shastra VC | |
| Dec 2022 | – | Debt – Conventional | – | – | |
| Jan 2022 | $1.06M | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2025 | $19.67M | •••••••• |
| Jan 2024 | $16.73M | •••••••• |
| Dec 2022 | $••••• | •••••••• |
| Jan 2022 | $••••• | •••••••• |
Full valuation and stage history of VidyutTech
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $19.67M (Jan 2025). 45 investors in total: 17 institutional and 28 angel.
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 |
|---|---|---|---|---|
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs. | – | flourishventures.com | Redwood City, United States | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital investments in technology sectors like SaaS and Fintech in India. | 2016 | 3one4capital.com | Bengaluru, India | |
Diversified asset management and private equity firm focused on small and medium sized enterprises | – | zephyrpeacock.com | Bengaluru, India | |
Venture capital firm focused on pre-seed to series B stage companies | – | saisoncapital.com | Singapore, Singapore | |
Venture capital and debt firm focused on pre-seed to series A stage companies | 2021 | forceventures.in | Bengaluru, India | |
Venture capital investments are provided to early-stage startups across sectors. | – | shastra.vc | Bengaluru, India | |
Venture capital fund focused on early-stage startups | – | aaremventures.tcc.mode | Mumbai, India | |
Venture capital funding is provided to innovative startups in India. | – | qedinnovationlabs.tcc.mode | Mumbai, India | |
Wealth and asset management services are provided to clients. | 2014 | lighthouse-canton.com | Singapore, Singapore |
Investor details for VidyutTech
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Board of directors of Vidyuttech Services Private Limited (VidyutTech)
Vidyuttech Services Private Limited is the primary company behind VidyutTech. The board of Vidyuttech Services Private Limited currently have 2 directors; the longest-serving is Gaurav Srivastava, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Srivastava DIN 09391250 | Director | 09 Nov 2021 | 4 yrs 11 mo | Vidyuttech Services Private Limited |
| Xitij Avinash Kothi DIN 06639253 | Director | 09 Nov 2021 | 4 yrs 11 mo | Vidyuttech Services Private Limited |
People of VidyutTech
2 people are tracked at VidyutTech (2 in leadership); the tracked headcount is 44.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for VidyutTech
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Financials of VidyutTech
Figures of Vidyuttech Services Private Limited, the primary company behind VidyutTech, for FY 2025. Revenue was ₹10.19 Cr (+315% year on year). Net loss was -₹19.58 Cr (-192% margin). EBITDA was -₹14.59 Cr (-143% margin).
- ₹10.19 CrRevenue · FY 2025 · +315% YoY
- -₹19.58 CrNet loss · -192% margin
- -₹14.59 CrEBITDA · -143% margin
- ₹2.4 LakhPaid-up capital
- 44Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Vidyuttech Services Private Limited are on its company page.
Detailed financial statements for VidyutTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of VidyutTech
4 dated milestones of VidyutTech across 4 years, from founding to its latest funding, stage changes and deals.
- Founded VidyutTech is founded.
- Funding First funding round of $1.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.5M.
Competitors of VidyutTech
VidyutTech has 5 listed competitors in our database, 4 of them funded. They include RevFin, Turno, Three Wheels United, Ohm Mobility and GoMylz Mobility, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revfin.in | 2018 | Delhi, India | $30.28M | 114 | Provider of an internet-first lender for EV financing services | |
| turno.club | 2021 | Bengaluru, India | $23.6M | 294 | Commercial electric vehicles are offered through an online marketplace. | |
| threewheelsunited.com | 2010 | Bengaluru, India | $10.12M | 52 | Electric vehicle financing is offered to low-income clients. | |
| ohmmobility.com | 2020 | Bengaluru, India | $619,840 | – | A platform for financing electric vehicles is provided to users. | |
| gomylz.com | 2021 | Delhi, India | – | – | Serves as an online platform for financing electric vehicles, simplifying access for consumers. |
Detailed competitors of VidyutTech
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Web traffic of VidyutTech
The website of VidyutTech (vidyuttech.in) receives about 7K visits a month.
- Monthly visits7K
▲ 22.3% vs previous month
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as VidyutTech (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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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 Seed of $1.06M, raised on Jan 2022.
VidyutTech has 44 employees.
The primary company behind VidyutTech, Vidyuttech Services Private Limited, reported revenue of ₹10.19 Cr for FY 2025, up 315% year on year.
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.
VidyutTech operates through Vidyuttech Services Private Limited.
The legal entities of VidyutTech currently have 2 directors, including Gaurav Srivastava, Xitij Avinash Kothi.