About Volta Motors
Volta Motors is a Transportation, Automotive & Logistics company based in Chennai (India) founded in 2015, and was acquired by Smartron in February 2017. Electric bicycles are developed by India-based Volta Motors. Volta Motors has raised $100 thousand across 1 funding round from investors including Smartron and Kalaari Capital. Its Indian entity Tronx Motors Private Limited reported revenue of ₹58 Lakh. The company was acqui-hired. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Light Electric Vehicles. Its competitors include EMotorad, eBik and Hornback; 3 of its 3 listed competitors have raised funding.
Company details
Volta Motors was founded in 2015 in Chennai, India, with a focus on the electric mobility sector. Electric bicycles, including the ZAP model powered by batteries for a 60 km range, are developed and made available for pre-order through the companys website. Operations center on sustainable transportation solutions. The company was acquired by Smartron in February 2017 for an undisclosed amount.
- Headquarters Chennai, India
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website ww25.voltamotors.in
- Social LinkedIn X Facebook
- Acquired by Smartron (Feb 2017)
- Legal Name Tronx Motors Private Limited
- Date of Incorporation 04 Jun, 2015
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of Volta Motors
Volta Motors operates through Tronx Motors Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tronx Motors Private Limited CIN U34100TN2015PTC100789 | Active | 04 Jun 2015 | Chennai, Tamil Nadu | ₹0.6 Cr | 3 | View details |
Funding Insights of Volta Motors
Volta Motors has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Seed round of $100 thousand completed in October 2016. 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 $100,000
- Total Rounds 1
- Last Round Seed — $100,000
- First Round $100,000
(Oct 2016)
- Investors Count 1
All 1 funding rounds of Volta Motors 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 |
|---|---|---|---|---|---|
| Oct 2016 | $100,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Volta Motors
Volta Motors has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Smartron and Kalaari Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Kalaari Capital. | kalaari.com | Bengaluru, India | ||
Smart home products are manufactured and provided by Smartron. | 2014 | smartron.com | Hyderabad, India |
Investor details for Volta Motors
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Board of directors of Tronx Motors Private Limited (Volta Motors)
Tronx Motors Private Limited is the primary company behind Volta Motors. The board of Tronx Motors Private Limited currently have 3 directors; the longest-serving is Puthota Jayaraj Alex Anoop Nishanth, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Puthota Jayaraj Alex Anoop Nishanth DIN 07016020 | Whole-time director | 04 Jun 2015 | 11 yrs 5 mo | Tronx Motors Private Limited |
| Pouthota Souriah Jayaraalex DIN 07016036 | Director | 04 Jun 2015 | 11 yrs 5 mo | Tronx Motors Private Limited |
| Maheswara Lingareddy Reddy DIN 03374508 | Director | 24 Jan 2017 | 9 yrs 9 mo | Tronx Motors Private Limited |
Financials of Volta Motors
Figures of Tronx Motors Private Limited, the primary company behind Volta Motors, for FY 2021. Revenue was ₹58 Lakh (-54% year on year). Net loss was -₹48.2 Lakh (-83% margin). EBITDA was -₹45.6 Lakh (-79% margin).
- ₹58 LakhRevenue · FY 2021 · -54% YoY
- -₹48.2 LakhNet loss · -83% margin
- -₹45.6 LakhEBITDA · -79% margin
- ₹53.4 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Tronx Motors Private Limited are on its company page.
Detailed financial statements for Volta Motors
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Timeline of Volta Motors
3 dated milestones of Volta Motors across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Volta Motors is founded.
- Funding First funding round of $100K.
- Exit Acquired by Smartron.
Competitors of Volta Motors
Volta Motors has 3 listed competitors in our database, 3 of them funded. They include EMotorad, eBik and Hornback.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| emotorad.com | 2020 | Pune, India | $28.17M | 197 | Electric bicycles and e-bikes are offered via an online platform. | |
| ebik.in | 2017 | Delhi, India | $529,940 | Electric bicycles are manufactured with features for pedal-assisted riding. | ||
| hornback.bike | 2022 | Hyderabad, India | $428,580 | 41 | Foldable electric bicycles are provided by Hornback platform. |
Detailed competitors of Volta Motors
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Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Volta Motors (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 407.47 M | 1,917 |
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Frequently Asked Questions about Volta Motors
Volta Motors was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Volta Motors is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Volta Motors is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Seed of $100K, raised on Oct 2016.
The primary company behind Volta Motors, Tronx Motors Private Limited, reported revenue of ₹58 Lakh for FY 2021, down 54% year on year.
Volta Motors was founded in 2015 in Chennai, India, with a focus on the electric mobility sector. Electric bicycles, including the ZAP model powered by batteries for a 60 km range, are developed and made available for pre-order through the companys website. Operations center on sustainable transportation solutions. The company was acquired by Smartron in February 2017 for an undisclosed amount.
Volta Motors has 2 investors. Key investors include Smartron, and Kalaari Capital.
Volta Motors operates through Tronx Motors Private Limited.
Yes. Volta Motors was acquired by Smartron in February 2017.
The legal entities of Volta Motors currently have 3 directors, including Maheswara Lingareddy Reddy, Puthota Jayaraj Alex Anoop Nishanth, Pouthota Souriah Jayaraalex.