Company lists
The Mumbai edition · 2026

Auto techcompanies in Mumbai

Electric vehicles, charging & batteries, mobility & fleets, car marketplaces, car services and more: the companies building auto tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

311 company profiles109 with reported revenue46 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent auto tech business events in Mumbai

Funding, M&A, contract wins and launches involving 540 auto tech companies in Mumbai, last 24 months: 18 funding rounds · 9 Contracts · 6 M&A deals · 2 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

ContractSupply

Citroën · client: Cab-e

Citroën has signed a Memorandum of Understanding (MoU) with urban e-mobility firm Cab-E, to introduce over 2000 Citroën ë-C3 EVs in Cab-E’s fleet in the Mumbai and Pune region, this year.

ContractGovernment

SCharge · client: Technology Development Board

the government body entered an agreement with Scharge Private Limited to develop a next‑generation electric vehicle charging solution for commercial fleet and depot operations under the…

Industrial sustainability, EV charging infrastructure
Funding

Ecofy

Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.

Investors Bii, DAIF
FinTech
M&AAcquisition · Announced

Uber india acquires Everest fleet

Uber India Systems Private Limited (“Uber”) is an existing shareholder of Everest Fleet Private Limited (“Company”) and has acquired additional convertible instruments in the Company.

FundingPre-Series B

Neuron energy

India’s EV battery startup Neuron Energy has secured ₹31 crore in a Pre-Series B funding round — a move many see as a big vote of confidence in domestic battery manufacturing.

Investors Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, Chona Family Office
EV battery manufacturing
FundingPre-Series B

Neuron energy

Neuron Energy, a leading EV battery manufacturer, has raised ₹31 crore in its Pre-Series B funding round

Investors Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, Chona Family Office
EV battery manufacturing
FundingDebt and equity

Magenta mobility

This comes less than a year after Magenta raised around ₹100 crore in debt and equity in March.

Electric mobility
Funding

Greencell mobility

In September, the International Finance Corporation (IFC) announced $137 million in financing for electric bus makers JBM ECOLIFE (a JBM Auto subsidiary) and GreenCell Mobility

Electric bus
Funding

Vertelo

Macquarie Asset Management has raised $405 Mn for its fleet electrification platform Vertelo, aiming to foster India’s expanding EV market

Investors Institutional investors, Green climate fund, Macquarie Green Energy Transition Solutions Fund, Allianz global investors
E-mobility
M&AAcquisition · Announced

ChargeZone acquires Zerovolt

ChargeZone, India's largest charge point operator, has acquired Zerovolt's Wadala charging facility in Mumbai in an all-cash deal.

ContractSupply

Montra electric · client: Magenta mobility

Montra Electric will supply 100 units of its recently launched EVIATOR E350L electric small commercial vehicles to Magenta Mobility.

Electric vehicle supply
ContractSupply

Tivolt Electric Private Limited · client: Magenta mobility

Montra Electric’s Small Commercial Vehicle (SCV) division, Tivolt Electric Vehicles, will supply 100 units of its newly launched Eviator E350L electric vehicles to Magenta Mobility.

Logistics
M&AAcquisition · Announced

Remsons industries acquires Astro Motors

Remsons Industries has announced that it has purchased a majority stake in Astro Motors

Electric three-wheeler manufacturer
FundingLong-term loan

Ecofy

Ecofy Finance, a non-banking financial company (NBFC) focused on supporting India’s green transition, has raised INR 104 Crore ( around $12.5 million) long-term loan facility from the…

Investors Investment Fund for Developing Countries (IFU)
FundingPre-Series B

Magenta mobility

Mumbai-based electric mobility startup Magenta Mobility has raised ₹100 Cr (about $11.5 Mn) in a mix of equity and debt in its pre-Series B round.

Investors BP Tech Ventures, Morgan Stanley India Infrastructure, Na
Electric mobility
ContractSupply

Eicher Trucks · client: Magenta mobility

Eicher Trucks and Eicher, a business unit of VE Commercial Vehicles announced the commencement of supplies of the Eicher Pro X small truck to Magenta Mobility, a leading logistics…

Logistics
ContractSupply

Eicher trucks and buses · client: Magenta mobility

Eicher Trucks and Buses has begun the supply of its newly launched Eicher Pro X electric trucks to Magenta Mobility logistics solutions provider.

Logistics
M&AMerger · Completed

Mahindra First Choice Wheels acquires Fifth Gear Ventures

Mahindra & Mahindra announced that the scheme of amalgamation and arrangement of Fifth Gear Ventures, a wholly owned subsidiary of Mahindra First Choice Wheels (FGVL / transferor…

ContractService

Jupiter Electric Mobility · client: Pulse energy

We are pleased to announce that Jupiter Electric Mobility Private Limited (“JEM”), Subsidiary of Jupiter Wagons Limited strengthens its EV ecosystem for the growth of its eLCV business.…

Electric Vehicles
ContractSupply

Aerpace · client: Na

Aerpace Industries Limited, under its key renewable energy initiative, aerVolt, has secured a significant order for the supply of 100 MWp high-efficiency 595 Wp TOPCon technology smart…

Renewable Energy
Funding

Mahindra electric automobile

British International Investments (BII) has fulfilled its 2022 commitment by injecting an additional ₹ 650 crore into Mahindra Electric Automobile Limited (MEAL) as part of its final…

Investors British International Investments, Asian infrastructure investment bank, OP Finnfund Global Impact Fund I, Finnfund
Electric Vehicle
ContractTechnology

Zaggle Prepaid Ocean Services · client: Mahindra First Choice Wheels

Zaggle Prepaid Ocean Services announced that it has entered into an agreement with Mahindra First Choice Wheels. The project entails that company will provide the Zaggle Propel reward…

Fintech
LaunchOla Dash

Ola Cabs

Ola has launched its new service, Ola Dash, in Bengaluru.

Food delivery
FundingSeed

Greenie Energy

Greenie Energy, an innovative EV charging technology start-up, has successfully raised $600,000 (over ?5 crore) in seed funding from a group of marque investors.

Investors Rajesh Advani, AIC Pinnacle Entrepreneurship Forum, Ashwin Ramesh, Rajaram Ajgaonkar
EV charging technology
FundingEquity

Vajram Electric

Vajram Electric said it is all set to raise funds to the tune of USD 5 million in equity to drive its expansion plans.

Electric vehicles
Funding

Advance mobility

22 Oct 2024 Advance Mobility Logistics Supply Chain B2B $3 Mn – Growthcap Ventures, India Accelerator, Finvolve – 23 Oct 2024

Investors Growthcap Ventures, India accelerator, Finvolve
Logistics
M&AAcquisition

Vajram Electric acquires Varcas

In a strategic move to strengthen its foothold in the electric vehicle (EV) market, eBikeGo’s subsidiary, Vajram Electric Ltd, has acquired a 40% stake in Varcas Automobiles Pvt Ltd.

Electric Vehicle Manufacturing

Auto tech companies in Mumbai, by revenue

Browse auto tech companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 109 auto tech companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of electric cars

Electric vehicles
₹15,247.00 crFY 2024-25
+47%2024–2025
1,169LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Food delivery from restaurants through cabs

Road transport tech
₹1,368.90 crFY 2024-25
Not reported
1,454recorded
11 yr2015
—No postings tracked

Provider of fleet management services including vehicle rentals and employee mobility

Road transport tech
₹1,265.32 crFY 2024-25
+19%2024–2025
1,320+59% 12 mo to Jun 2024LinkedIn · Jul 2026
10 yr2016
2postings · last posted Sep 2026

App-based used cars listing platform

Auto e-commerce & content
₹711.00 crFY 2024-25
+28%2024–2025
379+158% vs previous recordLinkedIn · Jul 2026
20 yr2006
0none in 3 months

Developer of lithium-ion battery packs for multi-cateory electric vehicles

Energy storage tech
₹489.83 crFY 2024-25
-20%2024–2025
40+3900% 12 mo to Jun 2023recorded Jun 2023
44 yr1982
0none in 3 months

Retailer of certified, pre-owned vehicles, providing inspection, warranty, and finance options

Auto e-commerce & content
₹313.19 crFY 2024-25
-59%2024–2025
786-41% 12 mo to Jul 2024LinkedIn · Jul 2026
19 yr2007
1postings · last posted Jul 2026

Manufacturer of electric scooters designed for urban and developing environments

Electric vehicles
₹238.88 crFY 2024-25
+34%2024–2025
499+16% 12 mo to Jul 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Provider of extended service contracts for electric vehicle components and systems

Auto e-commerce & content
₹208.28 crFY 2024-25
+186%2024–2025
955LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Online platform offering app‑based bus tracking and ticketing services

Smart public transport
US$17.44mFY 2023-24
Not reported
747-1% 12 mo to Jul 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Financial solutions for the electric vehicle, solar, and SME sectors

Alternative lending
₹106.91 crFY 2024-25
+206%2024–2025
422+75% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of lithium-ion batteries for electric vehicles and energy storage

Energy storage tech
₹106.54 crFY 2024-25
+68%2024–2025
117+60% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of electric scooters, components, financial information, and investor resources

Electric vehicles
₹102.12 crFY 2024-25
+4860%2024–2025
21LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Doorstep delivery of fuel

Oil & gas tech
₹86.92 crFY 2024-25
+82%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of chauffeured vehicle rental services for corporate and personal use

Road transport tech
₹85.15 crFY 2024-25
+15%2024–2025
11LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of electric vehicle fleets and charging infrastructure management services

Logistics tech
₹83.07 crFY 2024-25
+89%2024–2025
365+3% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Platform offering advanced mobility solutions for transportation and infrastructure systems

Road transport tech
₹65.88 crFY 2024-25
+260%2024–2025
15LinkedIn · Jul 2026
3 yr2023
0none in 3 months · last posted Aug 2025

Manufacturer of electric scooters

Electric vehicles
₹51.85 crFY 2024-25
+18%2024–2025
87+27% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Provider of B2B auction based marketplace for pre owned vehicles

Auto it
₹47.77 crFY 2024-25
-67%2024–2025
118-30% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of thermal energy systems for heating installations of various sizes

Electric vehicles
₹43.79 crFY 2024-25
+62%2024–2025
55-27% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
0none in 3 months

SaaS-driven route scheduling software solutions for employee transport management

Road transport tech
₹43.46 crFY 2024-25
+65%2024–2025
89+243% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Online truck listing platform

Auto e-commerce & content
₹43.20 crFY 2024-25
+20%2024–2025
177-31% 12 mo to Jun 2024recorded Jun 2024
6 yr2020
0none in 3 months

Provider of financing and retail services for motorized two wheeled vehicles

Auto e-commerce & content
₹40.48 crFY 2024-25
-7%2024–2025
615+7% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Operator of a technology platform providing all-electric vehicle cab booking services

Electric vehicles
₹36.85 crFY 2024-25
+142%2024–2025
44+31% 12 mo to Jun 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Developer of electric scooters and motorbikes

Electric vehicles
₹32.50 crFY 2024-25
+15%2024–2025
—Not available
6 yr2020
0none in 3 months

Vehicle tracking solutions provider

Road transport tech
₹27.76 crFY 2023-24
-24%2023–2024
94+17% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months
50 of 311 companies shown here · the full list is on Radar
Fliar Radar

Explore all 311 auto tech companies in Mumbai on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open auto tech in Mumbai on Radar
  • Every company, not just 50All 311 auto tech companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore auto tech companies in Mumbai by what you are looking for

Browse auto tech companies in Mumbai, from electric vehicle makers and charging providers to used car marketplaces and car service platforms. You can also find auto tech startups in Mumbai and companies that are hiring.

9 ways to explore auto tech in Mumbai

Electric vehicle makers & EV techEV charging & energy storage companiesMobility, car rental & fleet managementUsed car & auto marketplacesCar repair & on-demand auto servicesAutomotive news, reviews & research portals

Electric vehicle makers & EV tech

Electric cars, scooters, batteries and EV fleets.

  1. Tata Passenger Electric Mobility

    Manufacturer of electric cars

    Electric vehicles
    See in list
  2. Battrixx

    Developer of lithium-ion battery packs for multi-cateory electric vehicles

    Energy storage tech
    See in list
  3. BGauss

    Manufacturer of electric scooters designed for urban and developing environments

    Electric vehicles
    See in list
  4. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list
  5. Neuron Energy

    Manufacturer of lithium-ion batteries for electric vehicles and energy storage

    Energy storage tech
    See in list

EV charging & energy storage companies

Battery makers and charging infrastructure providers.

  1. Battrixx

    Developer of lithium-ion battery packs for multi-cateory electric vehicles

    Energy storage tech
    See in list
  2. Magenta

    Provider of electric vehicle fleets and charging infrastructure management services

    Logistics tech
    See in list
  3. Apple Energy

    Provider of batteries and chargers

    Electric vehicles
    See in list
  4. Pulse Energy

    Platform offering for electric vehicle charger management

    Electric vehicles
    See in list
  5. Bijlify

    Provider of SaaS-driven station management solutions for EV charging stations

    Energy storage tech
    See in list

Mobility, car rental & fleet management

Ride-hailing, car subscription, bus and fleet management platforms.

  1. Everest Fleet

    Provider of fleet management services including vehicle rentals and employee mobility

    Road transport tech
    See in list
  2. Chalo

    Online platform offering app‑based bus tracking and ticketing services

    Smart public transport
    See in list
  3. MeruBiz

    Provider of end-to-end mobility solutions to enterprises

    Road transport tech
    Website
  4. Firstcars

    Provider of chauffeured vehicle rental services for corporate and personal use

    Road transport tech
    See in list
  5. Advance Mobility

    Platform offering advanced mobility solutions for transportation and infrastructure systems

    Road transport tech
    See in list

Used car & auto marketplaces

Platforms to buy, sell and auction cars, bikes and commercial vehicles.

  1. CarTrade

    App-based used cars listing platform

    Auto e-commerce & content
    See in list
  2. Mahindra First Choice

    Retailer of certified, pre-owned vehicles, providing inspection, warranty, and finance options

    Auto e-commerce & content
    See in list
  3. Amber

    Provider of extended service contracts for electric vehicle components and systems

    Auto e-commerce & content
    See in list
  4. Josh Fuels

    Doorstep delivery of fuel

    Oil & gas tech
    See in list
  5. BabaTrucks

    Online truck listing platform

    Auto e-commerce & content
    See in list
76 companies in Mumbai

Car repair & on-demand auto services

Booking platforms for car servicing, repair and doorstep auto services.

  1. Amber

    Provider of extended service contracts for electric vehicle components and systems

    Auto e-commerce & content
    See in list
  2. MotorMistri

    Online portal for automobile service booking

    Auto e-commerce & content
    See in list
  3. Drivify

    On-demand chauffeur marketplace

    Road transport tech
    See in list
  4. Repairs24

    Automotive service and spares booking platform

    Auto e-commerce & content
    Website
  5. Zonnett

    Provider of on-demand automotive services

    Local services
    Website

Automotive news, reviews & research portals

Online portals for car and bike reviews, pricing and research.

  1. MotorOctane

    Content-based platform catering to automobile news

    Auto e-commerce & content
    See in list
  2. MotorBeam

    Online automobile content & reviews portal

    Internet first media
    Website
  3. Bikers Club

    Social platform for motorbike enthusiasts

    Social platforms
    Website
  4. Business India Group

    Business India, India's leading business Magazine, Magazine of the corporate world, Auto India, Magazine automobiles, Inside Outside, Magazine for interiors

    Internet first media
    Website
  5. BuyCarsOnline

    Online portal allowing users to research on new cars

    Auto e-commerce & content
    Website

Connected vehicle & vehicle tracking tech

GPS tracking, telematics and vehicle safety systems.

  1. Autobiz

    Lead management system for the automotive industry

    Auto it
    Website
  2. Sheerdrive

    Provider of B2B auction based marketplace for pre owned vehicles

    Auto it
    See in list
  3. Locate365

    It develops AI-powered software solutions for businesses

    Connected vehicles
    See in list
  4. Rychle Transwheels

    GPS vehicle tracking solutions provider

    Security & surveillance technology
    Website
  5. Sixth Sensor Technology

    Vehicle collision warning & avoidance system using radar

    Sensors
    Website

Auto tech startups in Mumbai

Newer auto tech companies founded in the last few years.

  1. Tata Passenger Electric Mobility

    Manufacturer of electric cars

    Electric vehicles
    See in list
  2. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list
  3. Josh Fuels

    Doorstep delivery of fuel

    Oil & gas tech
    See in list
  4. Advance Mobility

    Platform offering advanced mobility solutions for transportation and infrastructure systems

    Road transport tech
    See in list
  5. Transvolt

    Provider of zero-emission mobility services through electric vehicle platform

    Road transport tech
    See in list
68 companies in Mumbai

Auto tech companies hiring in Mumbai

Auto tech companies in Mumbai with open roles.

  1. Everest Fleet

    Provider of fleet management services including vehicle rentals and employee mobility

    Road transport tech
    See in list
  2. Mahindra First Choice

    Retailer of certified, pre-owned vehicles, providing inspection, warranty, and finance options

    Auto e-commerce & content
    See in list
  3. BGauss

    Manufacturer of electric scooters designed for urban and developing environments

    Electric vehicles
    See in list
  4. Magenta

    Provider of electric vehicle fleets and charging infrastructure management services

    Logistics tech
    See in list
  5. Advance Mobility

    Platform offering advanced mobility solutions for transportation and infrastructure systems

    Road transport tech
    See in list
20 companies in Mumbai
Mobile reach

Top 10 auto tech apps from Mumbai

The most-installed Android apps published by auto tech companies headquartered in Mumbai — 87.7M installs between them. 65 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

m-Indicator: Mumbai Local

by m-Indicator

Installs44.4M
Rating4.05470K ratings
Last updatedJun 2026
View on Google Play ↗
m-Indicator: Mumbai Local screenshot 1m-Indicator: Mumbai Local screenshot 2m-Indicator: Mumbai Local screenshot 3m-Indicator: Mumbai Local screenshot 4m-Indicator: Mumbai Local screenshot 5m-Indicator: Mumbai Local screenshot 6
2

Chalo - Live Bus Tracking App

by Chalo

Installs25.8M
Rating4.02246K ratings
Installs, year on year+28%
Last updatedJun 2026
View on Google Play ↗
Chalo - Live Bus Tracking App screenshot 1Chalo - Live Bus Tracking App screenshot 2Chalo - Live Bus Tracking App screenshot 3Chalo - Live Bus Tracking App screenshot 4Chalo - Live Bus Tracking App screenshot 5Chalo - Live Bus Tracking App screenshot 6
3

BikeWale- Bikes & Two Wheelers

by BikeWale

Installs7.2M
Rating4.6472K ratings
Last updatedMay 2026
View on Google Play ↗
BikeWale- Bikes & Two Wheelers screenshot 1BikeWale- Bikes & Two Wheelers screenshot 2BikeWale- Bikes & Two Wheelers screenshot 3BikeWale- Bikes & Two Wheelers screenshot 4BikeWale- Bikes & Two Wheelers screenshot 5BikeWale- Bikes & Two Wheelers screenshot 6
4

CarTrade - New Cars, Used Cars

by CarTrade

Installs2.9M
Rating5.040K ratings
Last updatedJan 2025
View on Google Play ↗
CarTrade - New Cars, Used Cars screenshot 1CarTrade - New Cars, Used Cars screenshot 2CarTrade - New Cars, Used Cars screenshot 3CarTrade - New Cars, Used Cars screenshot 4CarTrade - New Cars, Used Cars screenshot 5CarTrade - New Cars, Used Cars screenshot 6
5

YATRI: Mumbai Local & Metro

by Yatri

Installs2.2M
Rating3.6710K ratings
Last updatedMay 2026
View on Google Play ↗
YATRI: Mumbai Local & Metro screenshot 1YATRI: Mumbai Local & Metro screenshot 2YATRI: Mumbai Local & Metro screenshot 3YATRI: Mumbai Local & Metro screenshot 4YATRI: Mumbai Local & Metro screenshot 5YATRI: Mumbai Local & Metro screenshot 6
6

NueGo Bus Ticket Booking App

by NueGo

Installs1.8M
Rating4.0613K ratings
Installs, year on year+75%
Last updatedMay 2026
View on Google Play ↗
NueGo Bus Ticket Booking App screenshot 1NueGo Bus Ticket Booking App screenshot 2NueGo Bus Ticket Booking App screenshot 3NueGo Bus Ticket Booking App screenshot 4NueGo Bus Ticket Booking App screenshot 5NueGo Bus Ticket Booking App screenshot 6
7

ONN - Bike Rentals

by ONN Bikes

Installs1.3M
Rating3.1718K ratings
Installs, year on year+18%
Last updatedJun 2026
View on Google Play ↗
ONN - Bike Rentals screenshot 1ONN - Bike Rentals screenshot 2ONN - Bike Rentals screenshot 3ONN - Bike Rentals screenshot 4ONN - Bike Rentals screenshot 5ONN - Bike Rentals screenshot 6
8

OTO: Buy Bikes at lowest price

by OTO Capital

Installs1.3M
Rating4.1711K ratings
Installs, year on year+20%
Last updatedMar 2026
View on Google Play ↗
OTO: Buy Bikes at lowest price screenshot 1OTO: Buy Bikes at lowest price screenshot 2OTO: Buy Bikes at lowest price screenshot 3OTO: Buy Bikes at lowest price screenshot 4OTO: Buy Bikes at lowest price screenshot 5OTO: Buy Bikes at lowest price screenshot 6
The business behind the activity

Auto tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 99 auto tech companies in Mumbai, Maharashtra for FY24-25 — 125 of the 311 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 92% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹19,977.74 cr

99 companies filing accounts

combined net profit−₹815.30 cr

-4.1% aggregate margin

are profitable30%

30 of 99 companies

median revenue~₹80 lakh

the typical company

median revenue growth+20%

into FY24-25

earned by the top five92%

revenue concentration

Six-year view

Combined revenue of filing companies

₹967.29 crFY19-2056 filers
₹1,017.86 crFY20-2166 filers
₹3,457.29 crFY21-2278 filers
₹5,738.60 crFY22-2389 filers
₹15,931.01 crFY23-2493 filers
₹19,977.74 crFY24-2599 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 75 companies over three years

+247%
FY22-23₹5,686.16 cr−₹1,576.94 cr net
FY23-24₹15,784.06 cr−₹1,277.54 cr net
FY24-25₹19,747.13 cr−₹782.61 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr5020% profitable
₹1–10 cr2035% profitable
₹10–100 cr2040% profitable
₹100–1,000 cr667% profitable
Over ₹1,000 cr333% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking33
0–20%11
20–50%10
50–100%12
Doubled+20

86 companies with accounts for both years; median growth +20%.

Profitability

Profit is concentrated at the top

30profitable
68loss-making
-4.1%aggregate margin
-19.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Advance MobilityADVANCE MOBILITY PRIVATE LIMITED+260%₹65.88 cr
Greaves FinanceGREAVES FINANCE LIMITED
Cab-eezCAB-EEZ INFRA TECH LIMITED+142%₹36.85 cr
MagentaMAGENTA EV SOLUTIONS PRIVATE LIMITED+92%₹82.76 cr
Josh FuelsJETWAY OIL AND FUEL SERVICES HOME PRIVATE LIMITED+82%₹86.92 cr
Neuron EnergyNEURON ENERGY PRIVATE LIMITED+68%₹106.54 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CarTradeCartrade Tech Limited26.7%₹278.56 cr
Raft Cosmic EVRAFT MOTORS LIMITED15.9%₹102.12 cr
Lords AutomativeLORDS MARK TECH NEXT PRIVATE LIMITED8.7%₹51.85 cr
BattrixxKABRA EXTRUSION TECHNIK LTD6.9%₹489.83 cr
FirstcarsFIRST CARS PRIVATE LIMITED5.2%₹84.59 cr
TransvoltTRANSVOLT MOBILITY PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles38₹15,555.14 cr~₹43 lakh26%0.4%
Road transport tech22₹2,617.23 cr~₹1.1 cr36%-28.5%
Auto e-commerce & content12₹764.85 cr~₹8.9 cr42%3.6%
Energy storage tech7₹603.43 cr~₹1.6 cr43%5.4%
Leaders

Largest auto tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Tata Passenger Electric MobilityTATA PASSENGER ELECTRIC MOBILITY LIMITED₹15,247.00 cr₹95.00 cr0.6%+47%
Everest FleetEVEREST FLEET PRIVATE LIMITED₹1,265.48 cr−₹51.31 cr-4.1%+32%
Ola CafeANI TECHNOLOGIES PRIVATE LIMITED₹1,060.00 cr−₹697.60 cr-65.8%-44%
BattrixxKABRA EXTRUSION TECHNIK LTD₹489.83 cr₹33.87 cr6.9%-20%
Mahindra First ChoiceMAHINDRA FIRST CHOICE WHEELS LIMITED₹313.19 cr−₹18.80 cr-6.0%-59%
CarTradeCartrade Tech Limited₹278.56 cr₹74.46 cr26.7%+20%
ChaloChalo Mobility Private Limited₹155.15 cr−₹95.84 cr-61.8%+4%
Neuron EnergyNEURON ENERGY PRIVATE LIMITED₹106.54 cr₹76.07 lakh0.7%+68%
Raft Cosmic EVRAFT MOTORS LIMITED₹102.12 cr₹16.20 cr15.9%>10×
Josh FuelsJETWAY OIL AND FUEL SERVICES HOME PRIVATE LIMITED₹86.92 cr₹48.47 lakh0.6%+82%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Auto Tech Industry Landscape of India

The financials above are one chapter. The full auto tech landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the auto tech landscape of Mumbai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Auto tech funding and M&A across India

2,153 recorded equity rounds have gone to 6,736 auto tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months64

US$854.81m

equity rounds, last 24 months241

US$3.25bn

raised over five yearsUS$11.32bn

1,133 rounds in India

M&A deals, Mumbai6

last 24 months

Capital by year

Equity funding into auto tech in India

amount rounds
$732m2018145
$1.6bn2019193
$660m2020150
$2.9bn2021249
$2.5bn2022257
$1.8bn2023205
$1.1bn2024233
$2.5bn2025157
$540m202632

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$2.85bn across 249 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$63.54m188 rounds · median US$110k
SeedUS$732.38m602 rounds · median US$420k
Series AUS$1.42bn177 rounds · median US$5.40m
Series BUS$1.23bn72 rounds · median US$12.50m
Series CUS$1.49bn37 rounds · median US$29.96m
Series D+US$6.02bn51 rounds · median US$60.70m
Private equityUS$144.81m2 rounds · median US$144.81m
Where the money went · five years

Most-funded sub-sectors

Electric vehiclesUS$5.50bn455 rounds · 172 companies
Auto e-commerce & contentUS$2.24bn148 rounds · 54 companies
Road transport techUS$1.84bn195 rounds · 72 companies
Auto retail & aftersalesUS$718.41m34 rounds · 15 companies
Energy storage techUS$370.79m98 rounds · 41 companies
Alternative lendingUS$123.20m15 rounds · 9 companies
Smart public transportUS$109.80m6 rounds · 2 companies
Corporate activity · last 24 months

M&A in Mumbai

5Acquisition
1Merger

Most active acquirers

  1. Vajram Electric2
  2. Uber india1
  3. ChargeZone1
  4. Remsons industries1
  5. Mahindra First Choice Wheels1

Most acquired or merged

  1. Everest fleet1
  2. Zerovolt1
  3. Astro Motors1
  4. Fifth Gear Ventures1
  5. Varcas1

Each deal appears in the events strip at the top of the page.

Auto tech funding in Mumbai

46 auto tech companies in Mumbai have recorded equity funding, US$2.34bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind auto tech companies in Mumbai. 183 of 311 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai auto tech companies by sub-sector

The most common specialisations among auto tech companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring auto tech in India and nearby markets.

Coming soon