Company lists
The Ahmedabad edition · 2026

Electric vehiclescompanies in Ahmedabad

EV makers, charging, two wheelers, batteries, rentals & mobility and more: the companies building electric vehicles in Ahmedabad, Gujarat, with their founders, funding, team size and business models.

69 company profiles29 with reported revenue6 with recorded fundingOctober 2026 edition
Ahmedabad · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent electric vehicles business events in India

Funding, M&A, contract wins and launches involving 2,153 electric vehicles companies in India, last 24 months: 112 funding rounds · 72 Contracts · 65 launches · 45 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingInvestment

Olectra greentech

OLECTRA GREENTECH is lining up a fresh investment of nearly ₹700 crore as it looks to deepen localisation, expand its electric bus and truck portfolio.

Electric commercial vehicle
FundingSeries A

Tiea connectors

Tiea Connectors also stood out with Rs. 77 crore in Series A funding led by IvyCap Ventures. Jamwant Ventures, 8X Ventures and HNI angel investors also joined the round.

Investors Ivycap ventures, Jamwant Ventures, 8x ventures, HNI angel investors
High-performance connectors / deeptech
FundingQualified Institutions Placement

Ola electric

Ola Electric Mobility Limited announced today, June 1, 2026, that its Fund Raising Committee has approved the opening of a qualified institutions placement of equity shares.

M&AAcquisition · Announced

Kpit acquires Cymotive

KPIT to acquire majority stake Israeli cyber security company Cymotive

Cyber security
M&AAcquisition · Announced

Kpit technologies acquires Maj Jorites Tech

KPIT Technologies announced on Wednesday that it is acquiring Maj Jorites Tech from Israeli firm Symotive to strengthen its capabilities in AI-based automotive cybersecurity.

AI-based automotive cybersecurity
Funding

River

Electric vehicle startup River is in talks to raise approximately $100 million in fresh funding, marking its largest capital infusion since its founding in 2021.

Investors Anicut capital, Claypond Capital, Elev8 venture partners
Electric Vehicle
ContractSupply

Emni · client: Advantex Battery

EMNI announced on April 21 that it has signed a lithium‑ion cell supply contract ... with ADVANTEX Battery.

Battery
Funding

Sarla Aviation

Sarla Aviation and IndiGo have announced a strategic equity investment of ₹10 crore by IndiGo Ventures in Sarla Aviation.

Investors IndiGo Ventures
EVTOL, Urban Air Mobility
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.

Contract

Ashok leyland · client: Switch mobility

Ashok Leyland is also expected to invest up to $ 200 million (Rs 1,480 crore) in Switch Mobility of which $ 130 million (Rs 962 crore) has already been invested in the entity.

E-mobility
LaunchOtua

Dandera ventures

EV start-up Dandera Ventures today launched Otua, an electric three-wheeler designed for cargo transportation.

Electric three-wheeler
LaunchHiLoad EV

Euler motors

Electric commercial vehicle company Euler Motors today launched its first cargo three-wheeler, the HiLoad EV.

Electric commercial vehicle
Launch

Bijliride

Bijliride has introduced a software-as-a-service platform designed to help enterprises manage electric vehicle fleets, marking the startup's expansion into B2B technology solutions.

Fleet management
LaunchGreaves Eltra cargo e-three-wheeler

Greaves electric mobility

Greaves Electric Mobility has launched its latest three-wheeler, the Greaves Eltra cargo model targeted at last-mile logistics providers.

LaunchELCV

E-Trio

Telengana-based electric vehicle start-up e-Trio today launched India’s first certified retrofitted electric light commercial vehicle (eLCV).

Electric Light Commercial Vehicle
LaunchKinetic DX

Kinetic group

The launch of the Kinetic DX in the two‑wheeler EV segment is the most visible marker of this shift.

Two‑wheeler EV
ContractSupply

Olectra greentech · client: Brihan Mumbai Electric Supply & Transport Undertaking (BEST)

Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses.

Funding

Euler motors

Last month, electric commercial vehicle maker Euler Motors also raised ₹437.5 Cr in a round led by Lightrock, with participation from existing investors Hero MotoCorp and Blume Ventures.

M&AAcquisition · Announced

Tube Investments acquires Infraprime logistics technologies

Murugappa Group engineering company Tube investments of India acquired 65.2% stake in InfraPrime Logistics Technologies (IPLTech), a heavy-duty electric vehicle (EV) manufacturing…

Heavy-duty electric vehicle manufacturing startup
FundingSeries A

Bacancy Systems

Engineering startup Bacancy Systems raised $4.31 million in a Series A round.

Engineering
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
ContractInfrastructure

Dhabriya polywood · client: Indian Company

Dhabriya Polywood has received the work order worth Rs 34.81 crore (including GST) from Indian Company for Aluminium doors-windows & facade works.

Infrastructure
LaunchAther 450 series

Ather energy

With the Ather 450 series, the Bengaluru-based startup introduced connected dashboards, over-the-air updates, fast charging networks, and smart diagnostics.

Electric scooter
LaunchS1 range

Ola electric

Its S1 range brought electric scooters into mainstream discussion, combining design, performance, and app-based controls.

Electric scooter
FundingSeries A

Bacancy Systems

Bacancy Systems has raised ₹400 million in a Series A funding round led by Sabre Partners and Greenstone Capital, with both investors acquiring minority stakes through primary…

Embedded electronics and power systems for electric vehicles and railway applications
LaunchUV Space Station

Ultraviolette automotive

Ultraviolette Automotive announced the launch of a new UV Space Station in Nagpur, a significant step in expanding its retail and service network across emerging mobility markets in India.

Retail and Service Center
Funding

Pmi Electro Mobility

"KKR has made an investment of $310 million in PMI Electro Mobility, a manufacturer of e-buses); and Allfleet, a subsidiary of PMI that owns and operates e-bus concessions."

Investors Kkr
Electric commercial vehicle manufacturer
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

Electric vehicles companies in Ahmedabad, by revenue

Browse electric vehicles companies in Ahmedabad by reported revenue, one-year revenue growth, revenue model, age and stage. The 29 companies below are the largest by their most recent reported revenue among 29 electric vehicles companies in Ahmedabad, Gujarat 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 29

Manufacturer of lithium-ion batteries for hybrid vehicle and energy storage

Electric vehicles
₹1,506.21 crFY 2024-25
Not reported
844+26% 12 mo to Sep 2024LinkedIn · Oct 2026
7 yr2019
0none in 3 months

Manufacturer of electric rickshaws

Electric vehicles
₹64.41 crFY 2024-25
+341%2024–2025
73+40% 12 mo to Aug 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of electric vehicle charging solutions

Energy storage tech
₹58.02 crFY 2024-25
+98%2024–2025
—Not available
4 yr2022
0none in 3 months

Manufacturer of electric rickshaws

Electric vehicles
₹23.79 crFY 2024-25
+57%2024–2025
7recorded
10 yr2016
0none in 3 months

Manufacturer of smart EV charging hardware and integrated infrastructure services

Electric vehicles
₹18.34 crFY 2024-25
+156%2024–2025
23LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of premium foldable electric bicycles and related accessories

Electric vehicles
₹17.98 crFY 2024-25
+31%2024–2025
49+614% vs previous recordLinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of electric vehicle charging stations and software solutions

Electric vehicles
₹6.36 crFY 2024-25
+2698%2024–2025
1LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of EV charging software and fleet management solution

Energy storage tech
₹5.62 crFY 2024-25
-13%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of EV charging solutions for electric vehicles

Energy storage tech
₹4.51 crFY 2024-25
-5%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of electric vehicle chargers

Energy storage tech
₹2.62 crFY 2024-25
-6%2024–2025
6LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Platform offering electric scooters

Electric vehicles
₹2.07 crFY 2023-24
+6%2023–2024
30-39% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jul 2026

App-based rental platform providing electric kick-scooters

Road transport tech
₹1.92 crFY 2024-25
+956%2024–2025
7LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of electric motorcycles

Electric vehicles
₹1.73 crFY 2024-25
+269%2024–2025
19-29% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Nov 2025

Online platform offering the listings and comparison of electric two-wheelers

Electric vehicles
₹1.28 crFY 2024-25
+165%2024–2025
21LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of electric cargo and folding bicycles

Electric vehicles
₹64.12 lakhFY 2022-23
Not reported
1LinkedIn · Jul 2026
8 yr2018
—No postings tracked

Developer of electric kick scooters

Road transport tech
₹52.73 lakhFY 2023-24
+101%2023–2024
11LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer of electric tractors for agriculture, horticulture, and farm management

Crop tech
₹41.76 lakhFY 2024-25
+2%2024–2025
—Not available
5 yr2021
0none in 3 months

Developer of electric vehicle charging stations for residential and commercial use

Electric vehicles
₹28.45 lakhFY 2021-22
+131%2021–2022
8LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of electric vehicle components and integrated mobility solutions

Electric vehicles
₹32.24 lakhFY 2024-25
+298%2024–2025
49LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of portable electric vehicle fast charging and solar charging solutions

Electric vehicles
₹21.59 lakhFY 2024-25
+498%2024–2025
29LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Apr 2026

Provider of on-demand electric vehicle charging services at customer locations

Energy storage tech
₹20.48 lakhFY 2024-25
Not reported
4LinkedIn · Jul 2026
2 yr2024
0none in 3 months

Provider of electric vehicle charging infrastructure and related support services

Energy storage tech
₹11.20 lakhFY 2021-22
Not reported
19LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Provider of electric vehicle charging solutions

Electric vehicles
₹12.04 lakhFY 2024-25
Not reported
14LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jul 2026

Developer of redox flow batteries and electric vehicle charging solutions

Energy storage tech
₹6.87 lakhFY 2024-25
-55%2024–2025
3LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jan 2026

Electric vehicle management solutions for business organizations

Electric vehicles
₹5.11 lakhFY 2024-25
-54%2024–2025
19LinkedIn · Jul 2026
3 yr2023
0none in 3 months
29 of 69 companies shown here · the full list is on Radar
Fliar Radar

Explore all 69 electric vehicles companies in Ahmedabad on Radar

This page shows the top 29. Radar has the complete, filterable list with contacts and live company signals.

Open electric vehicles in Ahmedabad on Radar
  • Every company, not just 50All 69 electric vehicles companies in Ahmedabad, 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 electric vehicles companies in Ahmedabad by what you are looking for

Browse electric vehicles companies in Ahmedabad, from EV makers and two wheeler manufacturers to charging station providers. You can also find EV startups in Ahmedabad and electric vehicle companies hiring.

8 ways to explore electric vehicles in Ahmedabad

Electric vehicle manufacturersEV charging station & charger companiesElectric two wheeler, scooter & bicycle companiesEV battery & motor companiesElectric scooter rental & ride-hailing companiesElectric tractors & EV listing platforms

Electric vehicle manufacturers

Companies that build electric cars, rickshaws, commercial vehicles and utility vehicles.

  1. Tds-G

    Manufacturer of lithium-ion batteries for hybrid vehicle and energy storage

    Electric vehicles
    See in list
  2. Atul Greentech

    Manufacturer of electric rickshaws

    Electric vehicles
    See in list
  3. Mindra EV

    Provider of electric vehicle charging solutions

    Energy storage tech
    See in list
  4. EVamp Technologies

    Manufacturer of smart EV charging hardware and integrated infrastructure services

    Electric vehicles
    See in list
  5. Svitch

    Manufacturer of premium foldable electric bicycles and related accessories

    Electric vehicles
    See in list

EV charging station & charger companies

Providers of EV chargers, charging networks and charging management software.

  1. Mindra EV

    Provider of electric vehicle charging solutions

    Energy storage tech
    See in list
  2. EVamp Technologies

    Manufacturer of smart EV charging hardware and integrated infrastructure services

    Electric vehicles
    See in list
  3. Evnity - EV Charging Management Software

    Provider of EV charging software and fleet management solution

    Energy storage tech
    See in list
  4. Vraj EV Charge

    Provider of EV charging solutions for electric vehicles

    Energy storage tech
    See in list
  5. i-elektrik

    Provider of electric vehicle chargers

    Energy storage tech
    See in list

Electric two wheeler, scooter & bicycle companies

Makers of electric scooters, motorcycles and e-bicycles.

  1. Svitch

    Manufacturer of premium foldable electric bicycles and related accessories

    Electric vehicles
    See in list
  2. BU4 Auto

    Platform offering electric scooters

    Electric vehicles
    See in list
  3. ElekGo

    App-based rental platform providing electric kick-scooters

    Road transport tech
    See in list
  4. ABZO

    Manufacturer of electric motorcycles

    Electric vehicles
    See in list
  5. Jindal Mobility

    Developer of electric vehicle components and integrated mobility solutions

    Electric vehicles
    See in list

EV battery & motor companies

Makers of lithium-ion batteries, battery management systems, motors and drives.

  1. Tds-G

    Manufacturer of lithium-ion batteries for hybrid vehicle and energy storage

    Electric vehicles
    See in list
  2. E -Vega Labs

    Manufacturer of smart battery products for electric vehicles

    Energy storage tech
    Website
  3. Gati Drives

    Manufacturer of synchronous reluctance motors and motor control technology

    Electric vehicles
    See in list
  4. Bacancy Systems

    Manufacturer of electric vehicle components and embedded systems

    Electric vehicles
    Website
  5. Matter Energy

    Provider of mobility, stationary, and customized products for energy storage

    Energy storage tech
    Website

Electric scooter rental & ride-hailing companies

Shared electric mobility, kick-scooter rental and electric ride-hailing platforms.

  1. ElekGo

    App-based rental platform providing electric kick-scooters

    Road transport tech
    See in list
  2. ionplus

    App-based electric scooter rental platform

    Electric vehicles
    See in list
  3. Ride 91

    Platform offering electric ride-hailing services

    Electric vehicles
    Website
  4. EV Recharge

    Provider of on-demand electric vehicle charging services at customer locations

    Energy storage tech
    See in list
  5. Tectonic Power

    Developer of redox flow batteries and electric vehicle charging solutions

    Energy storage tech
    See in list

Electric tractors & EV listing platforms

Electric and solar tractors for farming, and online platforms to compare EVs.

  1. EV India

    Online platform offering the listings and comparison of electric two-wheelers

    Electric vehicles
    See in list
  2. Marut E Tractors

    Manufacturer of electric tractors for agriculture, horticulture, and farm management

    Crop tech
    See in list
  3. Saur In Autosol

    Manufacturer of solar powered agricultural mini tractors for farming applications

    Crop tech
    Website
  4. Evehica

    Online listing platform for cars

    Electric vehicles
    Website
  5. EVINDIA

    Online platform offers information about electric vehicles

    Electric vehicles
    Website

Electric vehicle startups in Ahmedabad

Newer EV companies founded in the last few years.

  1. Mindra EV

    Provider of electric vehicle charging solutions

    Energy storage tech
    See in list
  2. EVamp Technologies

    Manufacturer of smart EV charging hardware and integrated infrastructure services

    Electric vehicles
    See in list
  3. i-elektrik

    Provider of electric vehicle chargers

    Energy storage tech
    See in list
  4. BU4 Auto

    Platform offering electric scooters

    Electric vehicles
    See in list
  5. ElekGo

    App-based rental platform providing electric kick-scooters

    Road transport tech
    See in list
23 companies in Ahmedabad

Electric vehicle companies hiring in Ahmedabad

EV companies with open roles right now.

  1. BU4 Auto

    Platform offering electric scooters

    Electric vehicles
    See in list
  2. ABZO

    Manufacturer of electric motorcycles

    Electric vehicles
    See in list
  3. Cargar

    Provider of portable electric vehicle fast charging and solar charging solutions

    Electric vehicles
    See in list
  4. Yahhvi

    Provider of electric vehicle charging infrastructure and related support services

    Energy storage tech
    See in list
  5. Tectonic Power

    Developer of redox flow batteries and electric vehicle charging solutions

    Energy storage tech
    See in list
8 companies in Ahmedabad
Mobile reach

Top 7 electric vehicles apps from Ahmedabad

The most-installed Android apps published by electric vehicles companies headquartered in Ahmedabad — 3K installs between them. 7 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 7
1

MatterVerse

by MATTER

Installs2K
Rating—
Last updatedApr 2026
View on Google Play ↗
MatterVerse screenshot 1MatterVerse screenshot 2MatterVerse screenshot 3MatterVerse screenshot 4MatterVerse screenshot 5MatterVerse screenshot 6
2

Drive Smart+

by Intuions

Installs532
Rating—
Last updatedAug 2025
View on Google Play ↗
Drive Smart+ screenshot 1Drive Smart+ screenshot 2Drive Smart+ screenshot 3Drive Smart+ screenshot 4Drive Smart+ screenshot 5Drive Smart+ screenshot 6
6

Trickee EV App

by Trickee

Installs21
Rating—
Last updatedJun 2025
View on Google Play ↗
Trickee EV App screenshot 1Trickee EV App screenshot 2Trickee EV App screenshot 3Trickee EV App screenshot 4Trickee EV App screenshot 5Trickee EV App screenshot 6
7

SoLe Charge by Cargar

by Cargar

Installs8
Rating—
Last updatedMar 2026
View on Google Play ↗
SoLe Charge by Cargar screenshot 1SoLe Charge by Cargar screenshot 2SoLe Charge by Cargar screenshot 3SoLe Charge by Cargar screenshot 4
The business behind the activity

Electric vehicles financials in Ahmedabad

Revenue, profit and growth from the filed annual accounts of 23 electric vehicles companies in Ahmedabad, Gujarat for FY24-25 — 29 of the 69 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,695.69 cr

23 companies filing accounts

combined net profit−₹145.03 cr

-8.6% aggregate margin

are profitable30%

7 of 23 companies

median revenue~₹1.3 cr

the typical company

median revenue growth+2%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹823.91 crFY19-209 filers
₹828.32 crFY20-2111 filers
₹1,109.39 crFY21-2214 filers
₹2,577.12 crFY22-2316 filers
₹3,342.35 crFY23-2425 filers
₹1,695.69 crFY24-2523 filers

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

Like-for-like

The same 12 companies over three years

+14%
FY22-23₹1,430.70 cr−₹122.61 cr net
FY23-24₹1,970.17 cr₹97.28 cr net
FY24-25₹1,624.73 cr−₹62.21 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 cr119% profitable
₹1–10 cr743% profitable
₹10–100 cr475% profitable
₹100–1,000 cr0—
Over ₹1,000 cr10% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking10
0–20%1
20–50%1
50–100%3
Doubled+6

21 companies with accounts for both years; median growth +2%.

Profitability

Profit is concentrated at the top

7profitable
16loss-making
-8.6%aggregate margin
-33.4%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
Atul GreentechATUL GREENTECH PRIVATE LIMITED+341%₹64.41 cr
Mindra EVMINDRA EV PRIVATE LIMITED+98%₹58.02 cr
SavëSAVY GREENTECH PRIVATE LIMITED+57%₹23.79 cr
SvitchSvitch Energy Private Limited+31%₹17.98 cr
Tds-GTDS LITHIUM-ION BATTERY GUJARAT PRIVATE LIMITED-21%₹1,506.21 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
SavëSAVY GREENTECH PRIVATE LIMITED15.6%₹23.79 cr
Mindra EVMINDRA EV PRIVATE LIMITED2.6%₹58.02 cr
SvitchSvitch Energy Private Limited1.4%₹17.98 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles14₹1,622.30 cr~₹76 lakh21%-9.0%
Energy storage tech7₹71.06 cr~₹2.6 cr57%2.4%
Leaders

Largest electric vehicles companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Tds-GTDS LITHIUM-ION BATTERY GUJARAT PRIVATE LIMITED₹1,506.21 cr−₹48.35 cr-3.2%-21%
Atul GreentechATUL GREENTECH PRIVATE LIMITED₹64.41 cr−₹15.93 cr-24.7%+341%
Mindra EVMINDRA EV PRIVATE LIMITED₹58.02 cr₹1.52 cr2.6%+98%
SavëSAVY GREENTECH PRIVATE LIMITED₹23.79 cr₹3.72 cr15.6%+57%
SvitchSvitch Energy Private Limited₹17.98 cr₹26.01 lakh1.4%+31%
MATTERMATTER MOTOR WORKS PRIVATE LIMITED₹6.18 cr−₹72.12 cr-1166.1%
Evnity - EV Charging Management SoftwareICONFLUX TECHNOLOGIES PRIVATE LIMITED₹5.62 cr₹5.20 lakh0.9%-13%
Vraj EV ChargeVRAJ MACHINETOOLS PRIVATE LIMITED₹4.51 cr₹6.73 lakh1.5%-5%
i-elektrikNEO URJA PRIVATE LIMITED₹2.62 cr₹17.41 lakh6.6%-6%
ElekGoELEKGO TECHNOLOGY PRIVATE LIMITED₹1.92 cr−₹68.53 lakh-35.8%>10×
Some figures are available to Radar members.Log in to Radar to see every figure

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

Electric Vehicles Industry Landscape of India

The financials above are one chapter. The full electric vehicles landscape of Ahmedabad 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 electric vehicles landscape of Ahmedabad
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

Electric vehicles funding and M&A across India

989 recorded equity rounds have gone to 2,153 electric vehicles companies in India — how much, at which stage, into which sub-sectors, from whom, and how Ahmedabad compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months38

US$377.01m

equity rounds, last 24 months154

US$1.96bn

raised over five yearsUS$6.64bn

732 rounds in India

M&A deals, India45

last 24 months

Capital by year

Equity funding into electric vehicles in India

amount rounds
$198m201843
$581m201969
$219m202066
$656m2021141
$1.9bn2022175
$1.5bn2023143
$720m2024148
$1.6bn2025104
$276m202621

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.92bn across 175 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$44.65m123 rounds · median US$122k
SeedUS$565.05m385 rounds · median US$487k
Series AUS$1.19bn133 rounds · median US$5.92m
Series BUS$1.03bn48 rounds · median US$15.00m
Series CUS$820.57m18 rounds · median US$29.19m
Series D+US$2.85bn23 rounds · median US$48.91m
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
Energy storage techUS$370.79m98 rounds · 41 companies
Road transport techUS$321.68m51 rounds · 15 companies
Alternative lendingUS$120.90m13 rounds · 7 companies
Logistics techUS$98.08m13 rounds · 4 companies
Smart citiesUS$44.35m4 rounds · 2 companies
Auto e-commerce & contentUS$44.33m21 rounds · 5 companies
Corporate activity · last 24 months

M&A in India

42Acquisition
2Merger
1Completed

Most active acquirers

  1. Kpit technologies16
  2. Jupiter Electric Mobility4
  3. A-1 Ltd3
  4. Blusmart2
  5. Vajram Electric2

Most acquired or merged

  1. A-1 sureja industries3
  2. Ather energy2
  3. Caresoft2
  4. Euler motors2
  5. Greenfuel energy solutions2

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

Electric vehicles funding in Ahmedabad

6 electric vehicles companies in Ahmedabad have recorded equity funding, US$89.66m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Ahmedabad

Meet the people behind electric vehicles companies in Ahmedabad. 44 of 69 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Ahmedabad electric vehicles companies by sub-sector

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

Keep exploring electric vehicles in India and nearby markets.

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