About Welectric
Welectric is a company based in Bengaluru (India) founded in 2019 by Tamilselvan Subramanian and Vikas Jain. Welectric has raised $183.5 thousand across 2 funding rounds from investors including Hemalatha Annamalai, Sanjay Satyanarayan Sunku and Vinay Trivedi. Welectric operates in a competitive market with competitors including Yulu, Hala Mobility, Scoo EV, Zeway and GoFuel, among others.
- Headquarter Bengaluru, India
- Founders Tamilselvan Subramanian, Vikas Jain
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Easetronics Private Limited
- Date of Incorporation 23 Dec, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$95.78 K (USD)287.84as on Mar 31, 2022
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Net Profit
-$101.67 K (USD)-221.24as on Mar 31, 2022
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EBITDA
-$79.48 K (USD)-313.46as on Mar 31, 2022
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Total Equity Funding
$183.5 K (USD)
in 2 rounds
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Latest Funding Round
$47.09 K (USD), Angel Round
Nov 08, 2021
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Investors
& 12 more
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Employee Count
Not available
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Funding Insights of Welectric
Welectric has successfully raised a total of $183.5K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $47.09 thousand completed in November 2021. 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 Welectric
Welectric has secured backing from 13 investors, including angel investors. Prominent investors backing the company include Hemalatha Annamalai, Sanjay Satyanarayan Sunku and Vinay Trivedi.
| Investor | Description | Founded Year | Domain | Location |
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Hemalatha Annamalai |
Founder of Ampere Vehicles, angel investor in Indian startups
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Locked | Locked | Locked |
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Sanjay Satyanarayan Sunku |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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Locked | Locked | Locked |
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Vinay Trivedi |
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Investor details for Welectric
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Investments & Acquisitions by Welectric
Investment portfolio details for Welectric
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Financial Statements - Welectric
Detailed financials for Welectric
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Welectric Comparisons
Peer comparison for Welectric
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- Named peers
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Competitors of Welectric
Welectric 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 Yulu, Hala Mobility, Scoo EV, Zeway and GoFuel, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Shared electric two-wheelers are rented via an online platform.
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Electric mobility solutions are offered via rentals and financing options.
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Offers electric scooter rental services with comprehensive solutions for urban mobility.
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Provides EV charging stations and rentals of electric scooters for eco-friendly transport.
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Door-to-door diesel delivery through mobile app for on-demand fuel needs.
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Detailed competitors of Welectric
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Welectric
Complete news archive for Welectric
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Frequently Asked Questions about Welectric
Welectric was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Welectric is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vikas Jain is the current CEO of Welectric. They have also founded this company.
Welectric is a funded company, having raised a total of $183.5K across 2 funding rounds to date.
Annual revenue of Welectric is $95.78K as on Mar 31, 2022.
Welectric was founded in 2019 and is based in Bengaluru, India. A platform is operated to deliver lifecycle solutions for multi-brand electric two-wheelers, encompassing leasing, financing, maintenance, and resale services. These offerings are directed toward corporate employees and last-mile delivery operations within the electric mobility sector. Operations focus on streamlining vehicle management for business users across India.
Welectric's top competitors include Yulu, Hala Mobility and GoFuel.
Welectric has 13 investors. Key investors include Hemalatha Annamalai, Sanjay Satyanarayan Sunku, Vinay Trivedi, Sudip Nandy, and Anil Nashier.
The valuation of Welectric is $588.54K as of Nov 2021.