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.
Company lists
E-bikes & scooters, cars & commercial EVs, charging, batteries & components, rentals & sharing and more: the companies building electric vehicles in Gujarat, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 2,153 electric vehicles companies in India, last 24 months: 112 funding rounds · 72 Contracts · 66 launches · 45 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.
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.
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.
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.
KPIT Technologies ... announced that it has entered into an agreement to acquire a majority stake (subject to achievement of specific milestones) in Cymotive, a leading automotive…
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.
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.
Battery Smart, India's leading EV battery swapping provider, has raised $15 million in debt financing. The funding round was led by Mirova, a French asset management firm focused on…
EMNI announced on April 21 that it has signed a lithium‑ion cell supply contract ... with ADVANTEX Battery.
Sarla Aviation and IndiGo have announced a strategic equity investment of ₹10 crore by IndiGo Ventures in Sarla Aviation.
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.
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.
EV start-up Dandera Ventures today launched Otua, an electric three-wheeler designed for cargo transportation.
Electric commercial vehicle company Euler Motors today launched its first cargo three-wheeler, the HiLoad EV.
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.
Greaves Electric Mobility has launched its latest three-wheeler, the Greaves Eltra cargo model targeted at last-mile logistics providers.
Telengana-based electric vehicle start-up e-Trio today launched India’s first certified retrofitted electric light commercial vehicle (eLCV).
The launch of the Kinetic DX in the two‑wheeler EV segment is the most visible marker of this shift.
Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses.
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.
Murugappa Group engineering company Tube investments of India acquired 65.2% stake in InfraPrime Logistics Technologies (IPLTech), a heavy-duty electric vehicle (EV) manufacturing…
Engineering startup Bacancy Systems raised $4.31 million in a Series A round.
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…
Dhabriya Polywood has received the work order worth Rs 34.81 crore (including GST) from Indian Company for Aluminium doors-windows & facade works.
With the Ather 450 series, the Bengaluru-based startup introduced connected dashboards, over-the-air updates, fast charging networks, and smart diagnostics.
Its S1 range brought electric scooters into mainstream discussion, combining design, performance, and app-based controls.
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…
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.
Exponent Energy is set to raise Rs 182 crore ($20 million) in an extended Series B round co-led by 360 One and TDK Ventures.
"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."
Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.
Browse electric vehicles companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 48 companies below are the largest by their most recent reported revenue among 48 electric vehicles companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Manufacturer of lithium-ion batteries for hybrid vehicle and energy storage
Electric vehicles₹1,506.21 cr in FY24-25 · net −₹48.35 cr · +20365% since FY2019
Filed standalone accounts · Tds Lithium-Ion Battery Gujarat Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric two-wheel vehicles and related components and services
Electric vehicles₹302.86 cr in FY24-25 · net ₹6.79 cr · +126196% since FY2018
Filed standalone accounts · Wardwizard Innovations & Mobility LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Developer of electric scooters
Electric vehicles₹108.07 cr in FY24-25 · net ₹6.81 cr · +3112% since FY2018
Filed standalone accounts · Wardwizard Solutions India Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of electric vehicle solutions
Electric vehicles₹69.07 cr in FY24-25 · net ₹6.39 cr · +10047% since FY2018
Filed standalone accounts · Mercury Ev-Tech LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Manufacturer of electric rickshaws
Electric vehicles₹64.41 cr in FY24-25 · net −₹15.93 cr · +644000% since FY2022
Filed standalone accounts · Atul Greentech Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Operator of electric vehicle charging stations and related software services
Energy storage tech₹58.00 cr in FY24-25 · net −₹50.86 cr · +35733% since FY2019
Filed standalone accounts · Tecso Charge Zone LimitedUS$97.79m across 9 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of electric vehicle charging solutions
Energy storage tech₹58.02 cr in FY24-25 · net ₹1.52 cr · +98% since FY2024
Filed standalone accounts · Mindra Ev Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Electric two-wheeler manufacturing company
Electric vehicles₹22.92 cr in FY22-23 · net ₹24.33 lakh · +29% since FY2018
Filed standalone accounts · Tunwal E-vehicle India Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric rickshaws
Electric vehicles₹23.79 cr in FY24-25 · net ₹3.72 cr · +3660% since FY2018
Filed standalone accounts · Savy Greentech Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of smart EV charging hardware and integrated infrastructure services
Electric vehicles

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of EV charging solutions
Electric vehicles₹18.00 cr in FY24-25 · net −₹33.85 lakh · +2168% since FY2023
Filed standalone accounts · Verdemobility India Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of premium foldable electric bicycles and related accessories
Electric vehicles₹17.98 cr in FY24-25 · net ₹26.01 lakh · +1371% since FY2020
Filed standalone accounts · Svitch Energy Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Manufacturer of electric vehicle charging stations and software solutions
Electric vehiclesEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of EV charging software and fleet management solution
Energy storage tech₹5.62 cr in FY24-25 · net ₹5.20 lakh · +169% since FY2018
Filed standalone accounts · Iconflux Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of EV charging solutions for electric vehicles
Energy storage tech₹4.51 cr in FY24-25 · net ₹6.73 lakh · -42% since FY2018
Filed standalone accounts · Vraj Machinetools Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric scooters
Electric vehicles₹5.18 cr in FY24-25 · net ₹0.61 lakh · +2331% since FY2021
Filed standalone accounts · White Carbon Motors Private Limited (matched by legal name)
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of multiple categories of electric vehicles
Electric vehicles₹11.67 lakh in FY22-23 · net −₹1.24 lakh · -96% since FY2022
Filed standalone accounts · Evahak Mobility Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of AC and DC electric vehicle charging station solutions
It services₹2.98 cr in FY24-25 · net ₹46.28 lakh · +2659% since FY2018
Filed standalone accounts · Ampvolts LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of electric vehicle chargers
Energy storage tech₹2.62 cr in FY24-25 · net ₹17.41 lakh · -6% since FY2024
Filed standalone accounts · Neo Urja Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Platform offering electric scooters
Electric vehicles₹2.07 cr in FY23-24 · net −₹1.39 cr · +1966% since FY2022
Filed standalone accounts · Bu4 Auto Private LimitedUS$1.49m across 2 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

App-based rental platform providing electric kick-scooters
Road transport tech₹1.92 cr in FY24-25 · net −₹68.53 lakh · +956% since FY2024
Filed standalone accounts · Elekgo Technology Private Limited

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of EV charging station operators
Smart cities₹1.76 cr in FY24-25 · net −₹10.95 lakh · +411% since FY2023
Filed standalone accounts · Griden Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric motorcycles
Electric vehicles₹1.73 cr in FY24-25 · net −₹4.41 cr · +269% since FY2024
Filed standalone accounts · Abzo Motors Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Online platform offering the listings and comparison of electric two-wheelers
Electric vehicles₹1.28 cr in FY24-25 · net −₹42.93 lakh · +5111% since FY2023
Filed standalone accounts · Vidhyut Vahanam Tyd Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of EV chargers
Energy storage tech₹1.15 cr in FY24-25 · net −₹1.28 cr · +20481% since FY2022
Filed standalone accounts · Hyperion Chargers Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric rickshaws
Electric vehiclesin FY24-25 · net · since FY2024
Filed standalone accounts · Oculus Auto Industries LlpEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric cargo and folding bicycles
Electric vehiclesin FY24-25 · net · since FY2020
Filed standalone accounts · Elon Motors Engineering Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Online platform offering multi-category electric two-wheeler rental services
Electric vehiclesEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Developer of electric kick scooters
Road transport techin FY23-24 · net · since FY2020
Filed standalone accounts · Hello Skate Mobility Llp
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric scooters and bikes
Electric vehiclesin FY24-25 · net · since FY2021
Filed standalone accounts · Diwa Enviroment Project Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric tractors for agriculture, horticulture, and farm management
Crop techin FY24-25 · net · since FY2023
Filed standalone accounts · Shree Marut E-Agrotech Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Developer of electric vehicle charging stations for residential and commercial use
Electric vehiclesin FY21-22 · net · since FY2021
Filed standalone accounts · Tranzitor Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Developer of electric vehicle components and integrated mobility solutions
Electric vehiclesin FY24-25 · net · since FY2024
Filed standalone accounts · Jindal Mobilitric Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of portable electric vehicle fast charging and solar charging solutions
Electric vehiclesin FY24-25 · net · since FY2021
Filed standalone accounts · Mcs Cargar Private Limited

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of on-demand electric vehicle charging services at customer locations
Energy storage techEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Online platform offering electric mobility-as-a-service vehicles
Road transport techin FY24-25 · net · since FY2023
Filed standalone accounts · Evegah Mobility Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of electric vehicle charging infrastructure and related software services
Energy storage techin FY23-24 · net · since FY2023
Filed standalone accounts · Necell Emobility Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of electric vehicle charging infrastructure and related support services
Energy storage techin FY24-25 · net · since FY2020
Filed standalone accounts · Yahhvi Enterprises Private Limited (matched by legal name)Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Provider of electric vehicle charging solutions
Electric vehicles
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Developer of redox flow batteries and electric vehicle charging solutions
Energy storage techin FY24-25 · net · since FY2024
Filed standalone accounts · Tectonic Power Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

App-based platform offering electric kick scooter sharing services
Road transport tech

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Electric vehicle management solutions for business organizations
Electric vehiclesin FY24-25 · net · since FY2024
Filed standalone accounts · Intuenergy Technologies Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of synchronous reluctance motors and motor control technology
Electric vehiclesUS$412k across 2 disclosed equity rounds
Darker bars = larger rounds

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

App-based electric scooter rental platform
Electric vehiclesin FY24-25 · net · since FY2024
Filed standalone accounts · Ashwamedh Mobility Solutions Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Electric vehicle charging station solutions for station operators
Electric vehiclesin FY24-25 · net · since FY2023
Filed standalone accounts · M Glads E Power Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric motorcycles
Electric vehicles

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Online platform offering charging solutions to electric vehicles
Electric vehiclesin FY24-25 · net · since FY2022
Filed standalone accounts · First Charge Private Limited (matched by legal name)Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Manufacturer of electric vehicle supply equipment for commercial and home use
Electric vehicles
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
No matching company in this list.
This page shows the top 48. Radar has the complete, filterable list with contacts and live company signals.
Open electric vehicles in Gujarat on RadarBrowse top electric vehicles companies in Gujarat, from electric two-wheeler makers to charging networks and battery suppliers. Find electric vehicle startups in Gujarat and listed companies too.
Makers of electric bikes, scooters, motorcycles and bicycles.

Manufacturer of electric two-wheel vehicles and related components and services
Electric vehicles
Developer of electric scooters
Electric vehicles
Electric two-wheeler manufacturing company
Electric vehicles
Manufacturer of premium foldable electric bicycles and related accessories
Electric vehicles
Manufacturer of electric scooters
Electric vehiclesMakers of electric cars, light commercial vehicles, e-rickshaws and tractors.

Manufacturer of electric two-wheel vehicles and related components and services
Electric vehicles
Developer of electric scooters
Electric vehicles
Provider of electric vehicle solutions
Electric vehiclesManufacturer of electric rickshaws
Electric vehicles
Electric two-wheeler manufacturing company
Electric vehiclesOperators and makers of electric vehicle chargers and charging networks.

Operator of electric vehicle charging stations and related software services
Energy storage tech
Manufacturer of smart EV charging hardware and integrated infrastructure services
Electric vehicles
Provider of EV charging solutions
Electric vehicles
Provider of EV charging software and fleet management solution
Energy storage tech
Provider of EV charging solutions for electric vehicles
Energy storage techLithium-ion batteries, motors and powertrain parts for electric vehicles.

Manufacturer of lithium-ion batteries for hybrid vehicle and energy storage
Electric vehicles
Provider of engineering solutions, agritech innovations, and renewable energy products
Crop tech
Manufacturer of smart battery products for electric vehicles
Energy storage tech
Manufacturer of synchronous reluctance motors and motor control technology
Electric vehicles
Manufacturer of electric vehicle components and embedded systems
Electric vehiclesScooter and bike rental, subscription and mobility-as-a-service platforms.

App-based rental platform providing electric kick-scooters
Road transport tech
Online platform offering multi-category electric two-wheeler rental services
Electric vehiclesOnline platform offering electric mobility-as-a-service vehicles
Road transport tech
App-based platform offering electric kick scooter sharing services
Road transport tech
App-based electric scooter rental platform
Electric vehiclesOnline platforms to compare, list and buy electric vehicles.

Online platform offering the listings and comparison of electric two-wheelers
Electric vehicles
Online listing platform for cars
Electric vehicles
Online platform offers information about electric vehicles
Electric vehicles
Manufacturer of lithium-ion batteries for hybrid vehicle and energy storage
Electric vehicles
Online platform offering multi-category electric two-wheeler rental services
Electric vehiclesPublicly listed electric vehicle companies.

Manufacturer of electric two-wheel vehicles and related components and services
Electric vehicles
Provider of electric vehicle solutions
Electric vehicles
Electric two-wheeler manufacturing company
Electric vehicles
Provider of AC and DC electric vehicle charging station solutions
It servicesNewer electric vehicle companies founded in recent years.

Provider of electric vehicle charging solutions
Energy storage tech
Manufacturer of smart EV charging hardware and integrated infrastructure services
Electric vehicles
Provider of electric vehicle chargers
Energy storage tech
Platform offering electric scooters
Electric vehicles
App-based rental platform providing electric kick-scooters
Road transport techElectric vehicle companies currently hiring.

Platform offering electric scooters
Electric vehicles
Manufacturer of electric motorcycles
Electric vehicles
Provider of portable electric vehicle fast charging and solar charging solutions
Electric vehicles
Provider of electric vehicle charging infrastructure and related support services
Energy storage tech
Developer of redox flow batteries and electric vehicle charging solutions
Energy storage techThe most-installed Android apps published by electric vehicles companies headquartered in Gujarat — 79K installs between them. 19 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
CIN U74900GJ2016PTC086439CIN U63030GJ2021PTC121266CIN L35100MH1982PLC264042CIN U34300GJ2022OPC134264CIN U34300GJ2020PTC112166filed accountsCIN U34300GJ2019PTC105854CIN U34100GJ2022PTC128648CIN U34300GJ2021PTC123955CIN U74999GJ2021PTC121649Revenue, profit and growth from the filed annual accounts of 40 electric vehicles companies in Gujarat for FY24-25 — 51 of the 139 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 91% of the revenue, so medians describe the typical company better than totals.
40 companies filing accounts
-7.9% aggregate margin
16 of 40 companies
the typical company
into FY24-25
revenue concentration
The number of companies filing changes each year; the three-year cohort below compares like with like.
Companies with accounts for all three years, so growth is not an artefact of who filed.
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
36 companies with accounts for both years; median growth +64%.
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
| Company | Growth | Revenue |
|---|---|---|
| VerdeMobilityVERDEMOBILITY INDIA PRIVATE LIMITED | +344% | ₹18.00 cr |
| Atul GreentechATUL GREENTECH PRIVATE LIMITED | +341% | ₹64.41 cr |
| Mercury EVMERCURY EV-TECH LIMITED | +251% | ₹69.07 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 |
| Company | Margin | Revenue |
|---|---|---|
| SavëSAVY GREENTECH PRIVATE LIMITED | 15.6% | ₹23.79 cr |
| Mercury EVMERCURY EV-TECH LIMITED | 9.2% | ₹69.07 cr |
| Joy e-bikeWARDWIZARD SOLUTIONS INDIA PRIVATE LIMITED | 6.3% | ₹108.07 cr |
| Mindra EVMINDRA EV PRIVATE LIMITED | 2.6% | ₹58.02 cr |
| WardwizardWARDWIZARD INNOVATIONS & MOBILITY LIMITED | 2.2% | ₹302.86 cr |
| SvitchSvitch Energy Private Limited | 1.4% | ₹17.98 cr |
| Sub-sector | Companies | Revenue | Median revenue | Profitable | Margin |
|---|---|---|---|---|---|
| Electric vehicles | 24 | ₹2,126.98 cr | ~₹99 lakh | 42% | -6.0% |
| Energy storage tech | 9 | ₹130.22 cr | ~₹2.6 cr | 44% | -38.7% |
| Company · legal entity | Revenue | Net result | Margin | Growth |
|---|---|---|---|---|
| Tds-GTDS LITHIUM-ION BATTERY GUJARAT PRIVATE LIMITED | ₹1,506.21 cr | −₹48.35 cr | -3.2% | -21% |
| WardwizardWARDWIZARD INNOVATIONS & MOBILITY LIMITED | ₹302.86 cr | ₹6.79 cr | 2.2% | -5% |
| Joy e-bikeWARDWIZARD SOLUTIONS INDIA PRIVATE LIMITED | ₹108.07 cr | ₹6.81 cr | 6.3% | -41% |
| Mercury EVMERCURY EV-TECH LIMITED | ₹69.07 cr | ₹6.39 cr | 9.2% | +251% |
| Atul GreentechATUL GREENTECH PRIVATE LIMITED | ₹64.41 cr | −₹15.93 cr | -24.7% | +341% |
| Mindra EVMINDRA EV PRIVATE LIMITED | ₹58.02 cr | ₹1.52 cr | 2.6% | +98% |
| ChargeZoneTecso Charge Zone Limited | ₹58.00 cr | −₹50.86 cr | -87.7% | +6% |
| SavëSAVY GREENTECH PRIVATE LIMITED | ₹23.79 cr | ₹3.72 cr | 15.6% | +57% |
| VerdeMobilityVERDEMOBILITY INDIA PRIVATE LIMITED | ₹18.00 cr | −₹33.85 lakh | -1.9% | +344% |
| SvitchSvitch Energy Private Limited | ₹17.98 cr | ₹26.01 lakh | 1.4% | +31% |
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
The financials above are one chapter. The full electric vehicles landscape of Gujarat maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
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.
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 Gujarat compares. Debt, IPO and grant rounds are excluded.
US$377.01m
US$1.96bn
732 rounds in India
last 24 months
Bars show US$ 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.
Equity rounds over the last five years, 158 electric vehicles companies in Gujarat among 2,153 in India.
Each deal appears in the events strip at the top of the page.
Go deeper in the electric vehicles landscape reports:
Electric Vehicles Industry Landscape of India7 electric vehicles companies in Gujarat have recorded equity funding, US$187.45m in total. Totals and round dates describe the historical record; they are not current valuations.
Largest recorded equity totals, with the latest recorded round.
Energy storage techOperator of electric vehicle charging stations and related software services
Electric vehiclesDeveloper of geared electric motorcycles and EV energy solutions

Electric vehiclesManufacturer of electric vehicle components and embedded systems


Electric vehiclesPlatform offering electric scooters

Electric vehiclesManufacturer of smart EV charging hardware and integrated infrastructure services


Electric vehiclesManufacturer of synchronous reluctance motors and motor control technology


Electric vehiclesOnline platform offering the listings and comparison of electric two-wheelers

₹58.00 cr in FY24-25 · net −₹50.86 cr · +35733% since FY2019
Filed standalone accounts · Tecso Charge Zone LimitedUS$97.79m across 9 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹6.18 cr in FY24-25 · net −₹72.12 cr · since FY2024
Filed standalone accounts · Matter Motor Works Private LimitedUS$82.71m across 8 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹2.07 cr in FY23-24 · net −₹1.39 cr · +1966% since FY2022
Filed standalone accounts · Bu4 Auto Private LimitedUS$1.49m across 2 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
US$412k across 2 disclosed equity rounds
Darker bars = larger rounds

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.28 cr in FY24-25 · net −₹42.93 lakh · +5111% since FY2023
Filed standalone accounts · Vidhyut Vahanam Tyd Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Meet the people behind electric vehicles companies in Gujarat. 73 of 139 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Electric vehicles companies in Gujarat with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Manufacturer of electric vehicle charging stations and software solutions
Founders
Details not available
Electric vehiclesProvider of EV charging solutions

Manufacturer of electric rickshaws
Electric vehiclesProvider of electric vehicle solutions
Founders
Details not available
Electric vehiclesManufacturer of smart EV charging hardware and integrated infrastructure services


Energy storage techProvider of electric vehicle charging solutions
Electric vehiclesManufacturer of electric rickshaws

Electric vehiclesManufacturer of premium foldable electric bicycles and related accessories

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹18.00 cr in FY24-25 · net −₹33.85 lakh · +2168% since FY2023
Filed standalone accounts · Verdemobility India Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹64.41 cr in FY24-25 · net −₹15.93 cr · +644000% since FY2022
Filed standalone accounts · Atul Greentech Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹69.07 cr in FY24-25 · net ₹6.39 cr · +10047% since FY2018
Filed standalone accounts · Mercury Ev-Tech LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹58.02 cr in FY24-25 · net ₹1.52 cr · +98% since FY2024
Filed standalone accounts · Mindra Ev Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹23.79 cr in FY24-25 · net ₹3.72 cr · +3660% since FY2018
Filed standalone accounts · Savy Greentech Private Limited
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₹17.98 cr in FY24-25 · net ₹26.01 lakh · +1371% since FY2020
Filed standalone accounts · Svitch Energy Private Limited
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Electric vehicles companies in Gujarat with at least one woman on the founding team. Expand a profile to meet the founders; teams can include both women and men.
Electric vehiclesPlatform offering electric scooters

Electric vehiclesDeveloper of electric vehicle components and integrated mobility solutions

Energy storage techOperator of electric vehicle charging stations and related software services
Electric vehiclesManufacturer of electric motorcycles
Energy storage techProvider of electric vehicle charging solutions
Electric vehiclesPlatform offering AI-enabled solutions for electric vehicle users
Electric vehiclesManufacturer of multiple categories of electric vehicles
Energy storage techManufacturer of electric vehicle charging stations and battery management systems
Founders
Details not available
₹2.07 cr in FY23-24 · net −₹1.39 cr · +1966% since FY2022
Filed standalone accounts · Bu4 Auto Private LimitedUS$1.49m across 2 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2024
Filed standalone accounts · Jindal Mobilitric Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹58.00 cr in FY24-25 · net −₹50.86 cr · +35733% since FY2019
Filed standalone accounts · Tecso Charge Zone LimitedUS$97.79m across 9 disclosed equity rounds
Darker bars = larger roundsEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.73 cr in FY24-25 · net −₹4.41 cr · +269% since FY2024
Filed standalone accounts · Abzo Motors Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹58.02 cr in FY24-25 · net ₹1.52 cr · +98% since FY2024
Filed standalone accounts · Mindra Ev Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Electric vehicles companies in Gujarat founded in the last four years, newest first.
Electric vehiclesManufacturer of electric utility vehicles
Founders
Details not available
Energy storage techProvider of on-demand electric vehicle charging services at customer locations
Electric vehiclesPlatform offering electric ride-hailing services

Electric vehiclesManufacturer of alternating current and direct current electric vehicle charging solutions
Founders
Details not available
Electric vehiclesPlatform offering wireless ev charging solutions
Electric vehiclesManufacturer of electric bicycles
Founders
Details not available
Provider of electric two-wheeler rental services with battery swapping network
Founders
Details not available
Electric vehiclesManufacturer of synchronous reluctance motors and motor control technology


Electric vehiclesManufacturer of electric motorcycles


Energy storage techProvider of EV charging software and fleet management solution
Electric vehiclesElectric vehicle management solutions for business organizations

Electric vehiclesManufacturer of electric two-wheelers
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
US$412k across 2 disclosed equity rounds
Darker bars = larger rounds

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹5.62 cr in FY24-25 · net ₹5.20 lakh · +169% since FY2018
Filed standalone accounts · Iconflux Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2024
Filed standalone accounts · Intuenergy Technologies Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Companies with the most distinct news events in the last 24 months across the business press Fliar tracks.
Electric vehiclesManufacturer of electric two-wheel vehicles and related components and services
Electric vehiclesDeveloper of geared electric motorcycles and EV energy solutions

Electric vehiclesElectric two-wheeler manufacturing company

Electric vehiclesManufacturer of electric vehicle components and embedded systems


Manufacturer of electric rickshaws
Road transport techApp-based platform offering electric kick scooter sharing services


₹302.86 cr in FY24-25 · net ₹6.79 cr · +126196% since FY2018
Filed standalone accounts · Wardwizard Innovations & Mobility LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹6.18 cr in FY24-25 · net −₹72.12 cr · since FY2024
Filed standalone accounts · Matter Motor Works Private LimitedUS$82.71m across 8 disclosed equity rounds
Darker bars = larger rounds
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹22.92 cr in FY22-23 · net ₹24.33 lakh · +29% since FY2018
Filed standalone accounts · Tunwal E-vehicle India Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹64.41 cr in FY24-25 · net −₹15.93 cr · +644000% since FY2022
Filed standalone accounts · Atul Greentech Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
The most common specialisations among electric vehicles companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.
38 electric vehicles companies in Gujarat work in energy storage tech. Shown: the best-documented.
Electric vehiclesManufacturer of smart EV charging hardware and integrated infrastructure services


Energy storage techProvider of on-demand electric vehicle charging services at customer locations
Electric vehiclesProvider of portable electric vehicle fast charging and solar charging solutions


Smart citiesProvider of EV charging station operators
Energy storage techProvider of EV charging software and fleet management solution
Electric vehiclesProvider of electric vehicle charging solutions

Energy storage techProvider of EV chargers

Energy storage techDeveloper of redox flow batteries and electric vehicle charging solutions
Electric vehiclesElectric vehicle charging station solutions for station operators

Energy storage techProvider of electric vehicle charging infrastructure and related software services

Electric vehiclesManufacturer of electric vehicle supply equipment for commercial and home use

Energy storage techProvider of electric vehicle charging infrastructure and related support services


Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2021
Filed standalone accounts · Mcs Cargar Private Limited

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.76 cr in FY24-25 · net −₹10.95 lakh · +411% since FY2023
Filed standalone accounts · Griden Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹5.62 cr in FY24-25 · net ₹5.20 lakh · +169% since FY2018
Filed standalone accounts · Iconflux Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.15 cr in FY24-25 · net −₹1.28 cr · +20481% since FY2022
Filed standalone accounts · Hyperion Chargers Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2024
Filed standalone accounts · Tectonic Power Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2023
Filed standalone accounts · M Glads E Power Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY23-24 · net · since FY2023
Filed standalone accounts · Necell Emobility Private Limited
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2020
Filed standalone accounts · Yahhvi Enterprises Private Limited (matched by legal name)Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
7 electric vehicles companies in Gujarat work in road transport tech. Shown: the best-documented.
Road transport techApp-based platform offering electric kick scooter sharing services


Road transport techApp-based rental platform providing electric kick-scooters


Developer of electric kick scooters

Electric vehiclesOnline platform offering multi-category electric two-wheeler rental services
Online platform offering electric mobility-as-a-service vehicles
Electric vehiclesApp-based electric scooter rental platform
Founders
Details not available
Electric vehiclesPlatform offering electric ride-hailing services



Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
₹1.92 cr in FY24-25 · net −₹68.53 lakh · +956% since FY2024
Filed standalone accounts · Elekgo Technology Private Limited

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY23-24 · net · since FY2020
Filed standalone accounts · Hello Skate Mobility Llp
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2023
Filed standalone accounts · Evegah Mobility Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
in FY24-25 · net · since FY2024
Filed standalone accounts · Ashwamedh Mobility Solutions Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.

Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
6 electric vehicles companies in Gujarat work in green transport. Shown: the best-documented.
Electric vehiclesAir Voice India is a distributor of electric scooters, mobile accessories, and consumer durable products.
Founders
Details not available
Electric vehiclesIndia's Leading Electric Vehicle Portal and No.1 Solution for Electric Vehicle Updates, Electric Mobility Updates and EV News
Founders
Details not available
Electric vehiclesWe align nature and technology to create world's first adaptive segment intelligent Electric motorcycle.
Founders
Details not available
Electric vehiclesEvomo aims to address the problem with SAAVAJ, The Rural Utility Vehicle, which can be manufactured in small scale Micro Factories.
Founders
Details not available
Electric vehiclesIndia's First Multi-Brand Online EV Store to shop Electric Vehicles like Electric Bicycle, Electric Scooter and EV Charging Accessories
Founders
Details not available
Green transportKustomind Design is an industrial equipment engineering company for construction and electric vehicle equipment.
Founders
Details not available
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
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