Company lists
The Haryana edition · 2026

Electric vehiclescompanies in Haryana

Two wheelers, cars & commercial, charging, batteries, rental & fleets and more: the companies building electric vehicles in Haryana, with their founders, funding, team size and business models.

151 company profiles64 with reported revenue28 with recorded fundingOctober 2026 edition
Haryana · 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: 113 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.

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
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
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 technologies acquires Cymotive

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…

Automotive cybersecurity
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
FundingDebt financing

Battery smart

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…

Investors Mirova
EV battery swapping
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 Haryana, by revenue

Browse electric vehicles companies in Haryana 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 64 electric vehicles companies in Haryana 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 automotive batteries and solar products

Auto components
₹3,807.20 crFY 2024-25
+16%2024–2025
1,076+13% 12 mo to Jun 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer offering electric scooters and mobility solutions

Electric vehicles
₹993.51 crFY 2022-23
+17%2022–2023
758-18% 12 mo to Jan 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Electric bus manufacturer and e-mobility solutions provider focused on designing and producing battery-electric buses for urban and intercity public transport

Electric vehicles
₹578.66 crFY 2024-25
+32%2024–2025
373+12% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

Online platform offering EV charging solutions

Energy storage tech
₹534.06 crFY 2022-23
Not reported
794+12% 12 mo to Aug 2024recorded Aug 2024
32 yr1994
—No postings tracked

Manufacturer of electric vehicle powertrain components, motor control units, and motors

Electric vehicles
₹386.61 crFY 2024-25
+19%2024–2025
195LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Manufacturer of electric rickshaws

Electric vehicles
₹343.20 crFY 2024-25
-8%2024–2025
29+27% 12 mo to Aug 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of multi-category commercial electric vehicles and engineering services

Electric vehicles
₹270.56 crFY 2024-25
+36%2024–2025
6+12% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Platform offering electric vehicle fleet undergoing corporate insolvency resolution process

Road transport tech
₹171.81 crFY 2023-24
+142%2023–2024
1,100+15% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of electric scooters and e-rickshaws

Electric vehicles
₹173.80 crFY 2024-25
+83%2024–2025
—Not available
5 yr2021
0none in 3 months

Manufacturer of electric two-wheeled vehicles and related charging infrastructure

Electric vehicles
₹144.16 crFY 2022-23
+183%2022–2023
309LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of multiple categories of electric vehicles

Electric vehicles
₹138.16 crFY 2024-25
+1%2024–2025
21+18% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Platform offering electric vehicle powertrain products and electronic design manufacturing services

Electric vehicles
₹109.56 crFY 2024-25
+62%2024–2025
193+65% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Electric heavy-duty commercial goods carrier solutions for the logistics industry

Electric vehicles
₹106.86 crFY 2024-25
-3%2024–2025
28+23% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer of lithium-ion batteries for EVs

Energy storage tech
₹92.49 crFY 2024-25
-25%2024–2025
76+0% 12 mo to Apr 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Network of electric vehicle chargers and related software solutions provider

Smart cities
₹79.32 crFY 2024-25
+74%2024–2025
301+14% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of electric scooters

Electric vehicles
₹66.42 crFY 2024-25
+68%2024–2025
—Not available
8 yr2018
0none in 3 months

Manufacturer of electric scooters featuring removable batteries for portable charging

Electric vehicles
₹64.22 crFY 2024-25
-28%2024–2025
126-58% 12 mo to Nov 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Apr 2026

Electric mobility solutions for logistics companies

Electric vehicles
₹64.09 crFY 2024-25
+69%2024–2025
185+70% 12 mo to Jul 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Developer of IoT-enabled lithium-ion batteries for multi-category electric vehicles

Electric vehicles
₹63.54 crFY 2024-25
-62%2024–2025
141+19% 12 mo to Sep 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted Jun 2026

Platform offering electric scooters and related accessories for personal transportation

Electric vehicles
₹48.24 crFY 2024-25
-74%2024–2025
355-81% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of electric vehicle charging solutions and critical power infrastructure

Energy storage tech
₹48.10 crFY 2024-25
+30%2024–2025
—Not available
32 yr1994
0none in 3 months

Electric rickshaw manufacturer

Electric vehicles
₹47.38 crFY 2024-25
+22%2024–2025
—Not available
12 yr2014
0none in 3 months

Platform offering of electric rickshaws

Electric vehicles
₹37.93 crFY 2024-25
-12%2024–2025
63+8% 12 mo to Sep 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted Nov 2025

Manufacturer of electric vehicle chargers and electric three-wheeled vehicles

Energy storage tech
₹34.35 crFY 2024-25
+21%2024–2025
78+27% 12 mo to Jun 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of electric three-wheelers

Electric vehicles
₹31.95 crFY 2024-25
-15%2024–2025
15LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted May 2026
50 of 151 companies shown here · the full list is on Radar
Fliar Radar

Explore all 151 electric vehicles companies in Haryana on Radar

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

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  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore electric vehicles companies in Haryana by what you are looking for

Browse electric vehicles companies in Haryana, from electric scooter and bike makers to EV charging and battery providers. You can also find electric vehicle startups in Haryana and EV rental and fleet operators.

9 ways to explore electric vehicles in Haryana

Electric scooter & bike manufacturersElectric cars, buses & commercial vehiclesEV charging stations & charger makersEV batteries & componentsEV rental, leasing & fleet servicesEV financing & used EV platforms

Electric scooter & bike manufacturers

Makers of electric scooters, motorcycles, bicycles and other two wheelers.

  1. Hero Electric

    Manufacturer offering electric scooters and mobility solutions

    Electric vehicles
    See in list
  2. Sterling E-Mobility Solutions

    Manufacturer of electric vehicle powertrain components, motor control units, and motors

    Electric vehicles
    See in list
  3. CityLife

    Manufacturer of electric rickshaws

    Electric vehicles
    See in list
  4. Shine Metal Udyog

    Manufacturer of multi-category commercial electric vehicles and engineering services

    Electric vehicles
    See in list
  5. Blu-Smart

    Platform offering electric vehicle fleet undergoing corporate insolvency resolution process

    Road transport tech
    See in list

Electric cars, buses & commercial vehicles

Manufacturers of electric cars, buses, three wheelers and light commercial vehicles.

  1. Hero Electric

    Manufacturer offering electric scooters and mobility solutions

    Electric vehicles
    See in list
  2. Sterling E-Mobility Solutions

    Manufacturer of electric vehicle powertrain components, motor control units, and motors

    Electric vehicles
    See in list
  3. CityLife

    Manufacturer of electric rickshaws

    Electric vehicles
    See in list
  4. Shine Metal Udyog

    Manufacturer of multi-category commercial electric vehicles and engineering services

    Electric vehicles
    See in list
  5. Blu-Smart

    Platform offering electric vehicle fleet undergoing corporate insolvency resolution process

    Road transport tech
    See in list

EV charging stations & charger makers

Companies building electric vehicle chargers, charging networks and station software.

  1. Exicom

    Online platform offering EV charging solutions

    Energy storage tech
    See in list
  2. Statiq

    Network of electric vehicle chargers and related software solutions provider

    Smart cities
    See in list
  3. Lime

    Developer of AI-driven battery analytics platform, BMS, and IoT solutions

    Energy storage tech
    See in list
  4. Techbec

    Provider of EV charging solutions

    Energy storage tech
    See in list
  5. E-Fill Electric

    Provider of electric vehicle charging solutions

    Energy storage tech
    See in list

EV batteries & components

Lithium-ion battery, motor and powertrain makers for electric vehicles.

  1. Livguard

    Manufacturer of automotive batteries and solar products

    Auto components
    See in list
  2. Exicom

    Online platform offering EV charging solutions

    Energy storage tech
    See in list
  3. Sterling E-Mobility Solutions

    Manufacturer of electric vehicle powertrain components, motor control units, and motors

    Electric vehicles
    See in list
  4. Indigrid Technology

    Platform offering electric vehicle powertrain products and electronic design manufacturing services

    Electric vehicles
    See in list
  5. Stefen Electric

    Manufacturer of lithium-ion batteries for EVs

    Energy storage tech
    See in list

EV rental, leasing & fleet services

Electric vehicle rentals, subscriptions, last-mile delivery fleets and electric taxis.

  1. Blu-Smart

    Platform offering electric vehicle fleet undergoing corporate insolvency resolution process

    Road transport tech
    See in list
  2. MoEving

    Electric mobility solutions for logistics companies

    Electric vehicles
    See in list
  3. EVeez

    Platform offering electric bikes on subscription for business and personal use

    Road transport tech
    See in list
  4. DOT

    Provider of electric bike services to logistic and delivery companies and to individuals

    Logistics tech
    See in list
  5. Stride Green

    Provider of a platform for asset leasing, finance and management

    Alternative lending
    See in list

EV financing & used EV platforms

Financing, leasing and resale platforms for electric vehicles and conversion kits.

  1. Stride Green

    Provider of a platform for asset leasing, finance and management

    Alternative lending
    See in list
  2. PerUse

    Online platform offering EV financing solutions

    Auto e-commerce & content
    Website
  3. Loop Moto

    Provider of electric vehicle conversion kits and retrofitting services for vehicles

    Electric vehicles
    Website
  4. TrusTerra

    Provider of an AI-powered platform for buying and selling used electric vehicles

    Auto retail & aftersales
    Website
  5. Drivn

    Provider of electric commercial vehicle leasing, financing, and end-of-life solutions

    Electric vehicles
    Website

Electric vehicle startups in Haryana

Newer electric vehicle startups in Haryana.

  1. Zelio E-Mobility

    Manufacturer of electric scooters and e-rickshaws

    Electric vehicles
    See in list
  2. MoEving

    Electric mobility solutions for logistics companies

    Electric vehicles
    See in list
  3. Kadam Mobility

    Provider of electric conversion kits for three-wheelers

    Electric vehicles
    See in list
  4. Techbec

    Provider of EV charging solutions

    Energy storage tech
    See in list
  5. Cyborg

    Manufacturer of electric motorcycles

    Electric vehicles
    See in list
41 companies in Haryana

Listed electric vehicles companies in Haryana

Publicly listed electric vehicle and EV battery companies in Haryana.

  1. Exicom

    Online platform offering EV charging solutions

    Energy storage tech
    See in list
  2. Zelio E Bikes

    Manufacturer of electric scooters

    Electric vehicles
    Website
  3. Victory EV India

    Manufacturer of multiple categories of electric vehicles

    Electric vehicles
    Website
3 companies in Haryana

Electric vehicles companies hiring in Haryana

Haryana electric vehicle companies with open roles.

  1. Sterling E-Mobility Solutions

    Manufacturer of electric vehicle powertrain components, motor control units, and motors

    Electric vehicles
    See in list
  2. Stefen Electric

    Manufacturer of lithium-ion batteries for EVs

    Energy storage tech
    See in list
  3. Bounce Infinity

    Manufacturer of electric scooters featuring removable batteries for portable charging

    Electric vehicles
    See in list
  4. Ipower Batteries

    Developer of IoT-enabled lithium-ion batteries for multi-category electric vehicles

    Electric vehicles
    See in list
  5. Jangid Motors

    Platform offering of electric rickshaws

    Electric vehicles
    See in list
13 companies in Haryana
Mobile reach

Top 10 electric vehicles apps from Haryana

The most-installed Android apps published by electric vehicles companies headquartered in Haryana — 2.3M installs between them. 22 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Zypp-EVs for Rental & Delivery

by Zypp Electric

Installs941K
Rating—
Installs, year on year+66%
Last updatedJun 2026
View on Google Play ↗
Zypp-EVs for Rental & Delivery screenshot 1Zypp-EVs for Rental & Delivery screenshot 2Zypp-EVs for Rental & Delivery screenshot 3Zypp-EVs for Rental & Delivery screenshot 4Zypp-EVs for Rental & Delivery screenshot 5
2

Statiq: EV Charging Stations

by Statiq

Installs828K
Rating4.07K ratings
Installs, year on year+92%
Last updatedMay 2026
View on Google Play ↗
Statiq: EV Charging Stations screenshot 1Statiq: EV Charging Stations screenshot 2Statiq: EV Charging Stations screenshot 3Statiq: EV Charging Stations screenshot 4Statiq: EV Charging Stations screenshot 5Statiq: EV Charging Stations screenshot 6
3

Bounce Daily — EV Bike Rental

by Bounce Infinity

Installs188K
Rating—
Installs, year on year+500%
Last updatedJun 2026
View on Google Play ↗
Bounce Daily — EV Bike Rental screenshot 1Bounce Daily — EV Bike Rental screenshot 2Bounce Daily — EV Bike Rental screenshot 3Bounce Daily — EV Bike Rental screenshot 4
4

Lectrix

by Lime

Installs117K
Rating—
Last updatedJun 2026
View on Google Play ↗
Lectrix screenshot 1Lectrix screenshot 2Lectrix screenshot 3Lectrix screenshot 4Lectrix screenshot 5Lectrix screenshot 6
5

MY LIVSERV

by Livguard

Installs54K
Rating—
Last updatedApr 2026
View on Google Play ↗
MY LIVSERV screenshot 1MY LIVSERV screenshot 2
7

EVeez

by EVeez

Installs25K
Rating—
Last updatedJun 2026
View on Google Play ↗
EVeez screenshot 1EVeez screenshot 2EVeez screenshot 3EVeez screenshot 4EVeez screenshot 5EVeez screenshot 6
10

MoEVing

by MoEving

Installs19K
Rating—
Last updatedFeb 2026
View on Google Play ↗
MoEVing screenshot 1MoEVing screenshot 2MoEVing screenshot 3MoEVing screenshot 4MoEVing screenshot 5MoEVing screenshot 6
The business behind the activity

Electric vehicles financials in Haryana

Revenue, profit and growth from the filed annual accounts of 57 electric vehicles companies in Haryana for FY24-25 — 69 of the 151 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 80% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,006.82 cr

57 companies filing accounts

combined net profit−₹119.73 cr

-2.0% aggregate margin

are profitable46%

26 of 57 companies

median revenue~₹9.4 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five80%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,693.55 crFY19-2031 filers
₹2,105.23 crFY20-2134 filers
₹3,805.03 crFY21-2237 filers
₹7,369.24 crFY22-2351 filers
₹5,610.30 crFY23-2453 filers
₹6,006.82 crFY24-2557 filers

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

Like-for-like

The same 46 companies over three years

-3%
FY22-23₹6,184.56 cr−₹76.48 cr net
FY23-24₹5,460.50 cr−₹143.10 cr net
FY24-25₹5,976.63 cr−₹109.68 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 cr1712% profitable
₹1–10 cr1457% profitable
₹10–100 cr1856% profitable
₹100–1,000 cr786% profitable
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

Shrinking18
0–20%7
20–50%6
50–100%9
Doubled+10

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

Profitability

Profit is concentrated at the top

26profitable
31loss-making
-2.0%aggregate margin
-0.9%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
CyborgIGNITRON MOTOCORP PRIVATE LIMITED
Zelio E-MobilityZELIO E-MOBILITY LIMITED+83%₹173.80 cr
StatiqSHARIFY SERVICES PRIVATE LIMITED+74%₹79.45 cr
MoEvingMOEVING URBAN TECHNOLOGIES PRIVATE LIMITED+69%₹64.09 cr
Hindustan PowerHINDUSTAN POWER GREEN VEHICLES PRIVATE LIMITED+68%₹66.42 cr
Indigrid TechnologyINDIGRID TECHNOLOGY PRIVATE LIMITED+62%₹109.51 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Zelio E-MobilityZELIO E-MOBILITY LIMITED9.2%₹173.80 cr
MAC AutoMAC AUTO INDIA PRIVATE LIMITED8.2%₹47.42 cr
Ipower BatteriesIPOWER BATTERIES PRIVATE LIMITED7.3%₹63.54 cr
Gkon Electric Motor VehiclesGKON ELECTRIC MOTOR VEHICLES PRIVATE LIMITED4.5%₹47.38 cr
Sterling E-Mobility SolutionsSTERLING E-MOBILITY SOLUTIONS LIMITED4.3%₹386.61 cr
Stefen ElectricSTEFEN ELECTRIC PRIVATE LIMITED4.1%₹92.49 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles37₹2,022.41 cr~₹9.4 cr54%0.8%
Energy storage tech11₹243.87 cr~₹11.4 cr45%-6.3%
Leaders

Largest electric vehicles companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
LivguardLIVGUARD ENERGY TECHNOLOGIES PRIVATE LIMITED₹3,634.90 cr−₹47.16 cr-1.3%+16%
Sterling E-Mobility SolutionsSTERLING E-MOBILITY SOLUTIONS LIMITED₹386.61 cr₹16.59 cr4.3%+19%
CityLifeDILLI ELECTRIC AUTO PRIVATE LIMITED₹343.20 cr₹14.14 cr4.1%-8%
Shine Metal UdyogShine Metal Udyog Private Limited₹270.56 cr₹8.72 cr3.2%+36%
Zelio E-MobilityZELIO E-MOBILITY LIMITED₹173.80 cr₹15.98 cr9.2%+83%
Arzoo E-VehiclesSKS TRADE INDIA PRIVATE LIMITED₹138.16 cr₹4.40 cr3.2%+1%
Indigrid TechnologyINDIGRID TECHNOLOGY PRIVATE LIMITED₹109.51 cr−₹66.82 lakh-0.6%+62%
Infraprime Logistics TechnologiesINFRAPRIME LOGISTICS TECHNOLOGIES LIMITED₹106.86 cr₹3.05 cr2.9%-3%
Stefen ElectricSTEFEN ELECTRIC PRIVATE LIMITED₹92.49 cr₹3.83 cr4.1%-25%
StatiqSHARIFY SERVICES PRIVATE LIMITED₹79.45 cr−₹67.40 cr-84.8%+74%
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 Haryana 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 Haryana
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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 Haryana 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.

Go deeper in the electric vehicles landscape reports:

Electric Vehicles Industry Landscape of India

Electric vehicles funding in Haryana

28 electric vehicles companies in Haryana have recorded equity funding, US$863.67m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Haryana

Meet the people behind electric vehicles companies in Haryana. 89 of 151 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Haryana electric vehicles companies by sub-sector

The most common specialisations among electric vehicles companies in Haryana. 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.

Coming soon