Company lists
The India edition · 2026

Electric vehiclescompanies in India

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

1,739 company profiles721 with reported revenue273 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 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 · 73 Contracts · 67 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 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 India, by revenue

Browse electric vehicles companies in India 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 721 electric vehicles companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of electric cars

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

Manufacturer of automotive components

Auto components
₹8,171.77 crFY 2024-25
+8%2024–2025
350recorded
38 yr1988
7postings · last posted Sep 2026

Autonomous driving solutions for vehicles

Electric vehicles
₹6,009.67 crFY 2024-25
+22%2024–2025
16,870+13% 12 mo to Sep 2024LinkedIn · Jul 2026
36 yr1990
3postings · last posted Aug 2026

Manufacturer of electric scooters, motorcycles, and energy storage solutions

Electric vehicles
₹4,932.00 crFY 2024-25
-6%2024–2025
8,744-21% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
5postings · last posted Aug 2026

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 of electric scooters, charging infrastructure, smart helmets, and accessories

Electric vehicles
₹2,305.20 crFY 2024-25
+29%2024–2025
4,354+8% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
19postings · last posted Sep 2026

Developer of electric bus

Electric vehicles
₹1,814.21 crFY 2024-25
+56%2024–2025
688+43% 12 mo to May 2024recorded May 2024
26 yr2000
0none in 3 months

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

Electric vehicles
₹1,506.21 crFY 2024-25
Not reported
812+26% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
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

Manufacturer of power backup systems, batteries, and solar energy solutions

Electric vehicles
₹841.30 crFY 2024-25
-7%2024–2025
1,217LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Developer of multi-category electric commercial vehicles

Electric vehicles
£66.56mFY 2023-24
+190%2023–2024
911LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufacturer of golf carts and electric vehicles

Electric vehicles
₹699.73 crFY 2024-25
+5%2024–2025
1,983+16% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
1postings · last posted Jul 2026

Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

Energy storage tech
₹676.80 crFY 2024-25
+91%2024–2025
517+64% 12 mo to Jun 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

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

Provider of mobile phone chargers and adapters

Electric vehicles
₹528.47 crFY 2024-25
-4%2024–2025
207+13% 12 mo to Aug 2024recorded Aug 2024
9 yr2017
0none in 3 months

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

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

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 auto rickshaws and scooters

Electric vehicles
₹373.22 crFY 2024-25
-1%2024–2025
190-22% 12 mo to Jul 2023LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Jan 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

Provider of battery swapping services for electric vehicles and related infrastructure

Electric vehicles
₹334.84 crFY 2024-25
+17%2024–2025
921LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of lithium ion batteries for EVs

Electric vehicles
₹303.50 crFY 2023-24
-51%2023–2024
365+78% 12 mo to Aug 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of electric two-wheel vehicles and related components and services

Electric vehicles
₹305.35 crFY 2024-25
-5%2024–2025
188+3% 12 mo to Sep 2024recorded Sep 2024
44 yr1982
0none in 3 months

Platform offering operator of battery-swapping network for electric vehicles and related services

Electric vehicles
₹278.83 crFY 2024-25
+49%2024–2025
1,074+57% 12 mo to Jul 2024LinkedIn · Jul 2026
7 yr2019
8postings · last posted Sep 2026

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
50 of 1,739 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,739 electric vehicles companies in India on Radar

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

Open electric vehicles in India on Radar
  • Every company, not just 50All 1,739 electric vehicles companies in India, 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 India by what you are looking for

Browse electric vehicles companies in India, from EV makers of electric scooters and cars to charging and battery businesses. Find electric car startups in India, electric vehicle manufacturers and companies that are hiring.

9 ways to explore electric vehicles in India

Electric scooter & motorcycle manufacturersElectric car & commercial vehicle makersEV charging station & charger companiesEV battery & energy storage companiesEV rental, subscription & fleet companiesEV components & powertrain suppliers

Electric scooter & motorcycle manufacturers

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

  1. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  2. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list
  3. Wardwizard

    Manufacturer of electric two-wheel vehicles and related components and services

    Electric vehicles
    See in list
  4. BGauss

    Manufacturer of electric scooters designed for urban and developing environments

    Electric vehicles
    See in list
  5. OPG Mobility

    Developer of electric two-wheelers

    Electric vehicles
    See in list
632 companies in India

Electric car & commercial vehicle makers

Automakers building electric cars, three-wheelers, e-rickshaws and commercial vehicles.

  1. Tata Passenger Electric Mobility

    Manufacturer of electric cars

    Electric vehicles
    See in list
  2. Varroc

    Manufacturer of automotive components

    Auto components
    See in list
  3. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  4. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list
  5. Olectra

    Developer of electric bus

    Electric vehicles
    See in list

EV charging station & charger companies

Operators and makers of electric vehicle charging stations and chargers.

  1. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list
  2. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  3. Magenta

    Provider of electric vehicle fleets and charging infrastructure management services

    Logistics tech
    Website
  4. Statiq

    Network of electric vehicle chargers and related software solutions provider

    Smart cities
    Website
  5. Axiom

    Developer of motor controllers for multi-category electric vehicles

    Electric vehicles
    Website
164 companies in India

EV battery & energy storage companies

Manufacturers of lithium-ion batteries, battery swapping and battery management systems.

  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. Wisepower

    Provider of mobile phone chargers and adapters

    Electric vehicles
    See in list
  4. Battrixx

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

    Energy storage tech
    See in list
  5. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list

EV rental, subscription & fleet companies

Platforms offering electric vehicle rentals, subscriptions, leasing and last-mile delivery fleets.

  1. Yulu

    Platform offering shared electric two-wheeler rentals

    Road transport tech
    See in list
  2. Blu-Smart

    Platform offering electric vehicle fleet undergoing corporate insolvency resolution process

    Road transport tech
    See in list
  3. RevFin

    Digital lending platform providing loans for electric vehicle drivers

    Alternative lending
    See in list
  4. Hindustan Power

    Provider of electric scooters

    Electric vehicles
    Website
  5. Alt Mobility

    Provider of electric vehicle leasing and lifecycle management solutions

    Road transport tech
    Website

EV components & powertrain suppliers

Suppliers of motors, powertrains, power electronics and conversion kits.

  1. Varroc

    Manufacturer of automotive components

    Auto components
    See in list
  2. KPIT

    Autonomous driving solutions for vehicles

    Electric vehicles
    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. Electra EV

    Manufacturer of electric vehicle powertrains, battery systems, and energy storage

    Auto components
    See in list
  5. Virya Mobility

    Provider of electric mobility solutions

    Electric vehicles
    See in list

Electric aircraft & flying car companies

Developers of electric aircraft, VTOL and flying cars.

  1. Leap Aeronautics

    Developer of electric aircraft platform for air taxi and logistics

    Flying cars
    Website
  2. E-plane

    Developer of electric vertical takeoff and landing aircraft for urban air mobility

    Flying cars
    Website
  3. VTOL Aviation

    Manufacturer of unmanned aerial vehicles, subsystems, and multi-seater air taxis

    Aerospace tech
    Website
  4. BluJ Aero

    Provider of electric and hydrogen-powered VTOL aircraft technology

    Electric vehicles
    Website
  5. aerpace

    Developer of flying cars

    Electric vehicles
    Website

Electric vehicle startups in India

Recently founded electric vehicle companies in India.

  1. Tata Passenger Electric Mobility

    Manufacturer of electric cars

    Electric vehicles
    See in list
  2. Zelio E-Mobility

    Manufacturer of electric scooters and e-rickshaws

    Electric vehicles
    See in list
  3. Aeroeagle

    Manufacturer of automotive vehicles, components, and customized logistics supply chain solutions

    Electric vehicles
    Website
  4. Ecofy

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

    Alternative lending
    Website
  5. Quantum Energy

    Platform offering electric scooters

    Electric vehicles
    Website
279 companies in India

Electric vehicles companies hiring in India

Electric vehicle companies that are currently recruiting.

  1. Varroc

    Manufacturer of automotive components

    Auto components
    See in list
  2. KPIT

    Autonomous driving solutions for vehicles

    Electric vehicles
    See in list
  3. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  4. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list
  5. Roots Industries India

    Manufacturer of golf carts and electric vehicles

    Electric vehicles
    See in list
31 companies in India
Mobile reach

Top 10 electric vehicles apps from India

The most-installed Android apps published by electric vehicles companies headquartered in India — 16.9M installs between them. 246 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Yulu - EVs for Rides & Rentals

by Yulu

Installs8.9M
Rating4.08151K ratings
Installs, year on year+17%
Last updatedMay 2026
View on Google Play ↗
Yulu - EVs for Rides & Rentals screenshot 1Yulu - EVs for Rides & Rentals screenshot 2Yulu - EVs for Rides & Rentals screenshot 3Yulu - EVs for Rides & Rentals screenshot 4Yulu - EVs for Rides & Rentals screenshot 5
2

Ola Electric

by Ola Electric

Installs2.8M
Rating3.8338K ratings
Installs, year on year+37%
Last updatedApr 2026
View on Google Play ↗
Ola Electric screenshot 1Ola Electric screenshot 2Ola Electric screenshot 3Ola Electric screenshot 4Ola Electric screenshot 5Ola Electric screenshot 6
4

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
5

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
6

ChargeZone: EV Charging India

by Charge Zone

Installs756K
Rating4.566K ratings
Installs, year on year+59%
Last updatedJun 2026
View on Google Play ↗
ChargeZone: EV Charging India screenshot 1ChargeZone: EV Charging India screenshot 2ChargeZone: EV Charging India screenshot 3ChargeZone: EV Charging India screenshot 4
7

Bolt.Earth - EV Charging App

by Bolt.Earth

Installs450K
Rating4.02K ratings
Installs, year on year+104%
Last updatedJun 2026
View on Google Play ↗
Bolt.Earth - EV Charging App screenshot 1Bolt.Earth - EV Charging App screenshot 2Bolt.Earth - EV Charging App screenshot 3Bolt.Earth - EV Charging App screenshot 4Bolt.Earth - EV Charging App screenshot 5Bolt.Earth - EV Charging App screenshot 6
8

Chetak

by Chetak

Installs430K
Rating—
Last updatedMay 2026
View on Google Play ↗
Chetak screenshot 1Chetak screenshot 2Chetak screenshot 3Chetak screenshot 4Chetak screenshot 5
9

ElectricPe: EV Charging & Shop

by ElectricPe

Installs327K
Rating4.672K ratings
Installs, year on year+17%
Last updatedDec 2025
View on Google Play ↗
ElectricPe: EV Charging & Shop screenshot 1ElectricPe: EV Charging & Shop screenshot 2ElectricPe: EV Charging & Shop screenshot 3ElectricPe: EV Charging & Shop screenshot 4ElectricPe: EV Charging & Shop screenshot 5ElectricPe: EV Charging & Shop screenshot 6
The business behind the activity

Electric vehicles financials in India

Revenue, profit and growth from the filed annual accounts of 615 electric vehicles companies in India for FY24-25 — 783 of the 1,739 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 63% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹49,738.58 cr

615 companies filing accounts

combined net profit−₹2,417.28 cr

-4.9% aggregate margin

are profitable41%

252 of 615 companies

median revenue~₹1.7 cr

the typical company

median revenue growth+28%

into FY24-25

earned by the top five63%

revenue concentration

Six-year view

Combined revenue of filing companies

₹10,501.03 crFY19-20264 filers
₹11,268.45 crFY20-21356 filers
₹18,721.16 crFY21-22445 filers
₹30,669.81 crFY22-23538 filers
₹43,550.68 crFY23-24608 filers
₹49,738.58 crFY24-25615 filers

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

Like-for-like

The same 437 companies over three years

+85%
FY22-23₹26,293.24 cr−₹3,305.15 cr net
FY23-24₹39,996.33 cr−₹2,710.65 cr net
FY24-25₹48,714.96 cr−₹1,877.69 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 cr25920% profitable
₹1–10 cr16950% profitable
₹10–100 cr13360% profitable
₹100–1,000 cr4766% profitable
Over ₹1,000 cr757% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking185
0–20%64
20–50%55
50–100%73
Doubled+158

535 companies with accounts for both years; median growth +28%.

Profitability

Profit is concentrated at the top

252profitable
359loss-making
-4.9%aggregate margin
-11.4%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
ASR Control Solutions SystemsASR CONTROL SOLUTION SYSTEMS PRIVATE LIMITED+804%₹18.14 cr
PointoP2G MOBILTY TECH PRIVATE LIMITED+748%₹29.98 cr
BelectriqBELECTRIQ MOBILITY PRIVATE LIMITED+645%
Physics MotorsPHYSICS MOTORS TECHNOLOGY PRIVATE LIMITED+542%₹10.81 cr
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED+521%
REPLUS EngitechREPLUS ENGITECH PRIVATE LIMITED+429%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Semco InfratechSEMCO INFRATECH PRIVATE LIMITED18.4%₹31.04 cr
KPITKPIT TECHNOLOGIES LIMITED18.2%₹2,645.93 cr
Raft Cosmic EVRAFT MOTORS LIMITED15.9%₹102.12 cr
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED15.8%
Alt MobilityAlt Nrg Private Limited15.7%₹20.69 cr
SavëSAVY GREENTECH PRIVATE LIMITED15.6%₹23.79 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles415₹34,578.28 cr~₹1.6 cr44%-6.0%
Auto components17₹11,359.71 cr~₹2.4 cr12%1.7%
Energy storage tech116₹2,723.30 cr~₹1.7 cr41%-5.7%
Road transport tech18₹346.31 cr~₹2.2 cr28%-43.4%
Logistics tech5₹94.44 cr~₹69 lakh20%-69.3%
Auto e-commerce & content7₹46.36 cr~₹1.8 cr29%-63.7%
Crop tech7₹9.06 cr~₹42 lakh0%-108.4%
Leaders

Largest electric vehicles companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Tata Passenger Electric MobilityTATA PASSENGER ELECTRIC MOBILITY LIMITED₹15,247.00 cr₹95.00 cr0.6%+47%
VarrocVarroc Engineering Limited₹7,396.21 cr₹275.85 cr3.7%+10%
LivguardLIVGUARD ENERGY TECHNOLOGIES PRIVATE LIMITED₹3,634.90 cr−₹47.16 cr-1.3%+16%
KPITKPIT TECHNOLOGIES LIMITED₹2,645.93 cr₹481.84 cr18.2%+27%
Ather EnergyAther Energy Limited₹2,305.20 cr−₹812.30 cr-35.2%+29%
OlectraOLECTRA GREENTECH LIMITED₹1,774.92 cr₹139.56 cr7.9%+58%
Tds-GTDS LITHIUM-ION BATTERY GUJARAT PRIVATE LIMITED₹1,506.21 cr−₹48.35 cr-3.2%-21%
OkayaOKAYA POWER PRIVATE LIMITED₹841.30 cr−₹6.13 cr-0.7%-7%
Roots Industries India, RootsROOTS INDUSTRIES INDIA PRIVATE LIMITED₹695.63 cr₹28.92 cr4.2%+5%
ServotehSERVOTECH RENEWABLE POWER SYSTEM LIMITED₹589.11 cr₹33.47 cr5.7%+92%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Electric Vehicles Industry Landscape of India

The financials above are one chapter. The full electric vehicles landscape of India 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 India
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 India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months44

US$442.61m

equity rounds, last 24 months162

US$2.01bn

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 India

273 electric vehicles companies in India have recorded equity funding, US$7.57bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind electric vehicles companies in India. 1,045 of 1,739 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India electric vehicles companies by sub-sector

The most common specialisations among electric vehicles companies in India. 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