Radar · Electric Vehicles in India
Best Electric Vehicles Companies in India
The 1325 best Electric Vehicles companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Erisha E Mobility.
By Riya SenguptaFinancials
1325companies tracked
$7.9Bdisclosed funding
5unicorns
339have raised
India’s Electric Vehicles sector is exploding at a rapid pace and this directory ranks the best electric vehicles companies in India in terms of disclosed equity funding and recent funding momentum across 1,325 tracked startups and scaleups. Together, these companies have raised $7.9B in disclosed funding, with five unicorns in the mix. GreenCell Mobility tops the list at $552M, followed by Bounce Infinity at $222M and Euler Motors at $130M. The overall revenue picture is interesting too: 681 filers have reported an aggregate of about $11.2B, but the median is just $197,174, which tells you how concentrated the gains are. Kpit Technologies is one of the standouts with $98M in net income, about 6,574 times the sector median.
According to IMARC Group, the market is growing at around 41.2% CAGR, driven by fuel prices, emissions pressure and government incentives.The hot topics right now are battery technology and next-generation powertrain platforms, and you can feel that in product layer too, as app installs across EV-adjacent categories are growing by median 19% YoY.Global players such as BYD and BMW are circling, Toyota just entered with the Urban Cruiser eBella and EV financing access remains the friction point that could determine which companies actually scale.
Sources & further reading
- YoloBus wins Madhya Pradesh’s first electric bus tender
- India’s Intercity Mobility Is Entering Its Electric Era Faster than Expected
- Delhi transition: CNG buses to be phased out by 2031; electric fleet expands, DT
FLIAR INTELLIGENCE · ELECTRIC VEHICLES × INDIA
Our analysis of 281 Electric Vehicles companies
$6.5b in tracked funding; 67% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2022.
281companies analysed
67%cloud-native stacks
2022funding peak (by rounds)
5unicorns
2019median founding year
4.1Mcombined LinkedIn audience
44%of audience held by top 3
7companies hiring publicly (12 mo)
Ranked: Best Electric Vehicles companies in India
| # | Company | Revenue | Revenue YoY | Disclosed funding | Founder | Employees | Tech stack | App-install YoY | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Ola Electric 🦄 Manufacturer of electric scooters, motorcycles, and energy storage solutions 82Moat top 18%Market top 19%Innovation top 20%Patents top 21% All 13 signals ▾Moattop 18% Markettop 19% Innovationtop 20% Patentstop 21% Fundingtop 22% Techtop 22% Producttop 27% Talenttop 27% Customerstop 33% Newstop 46% Fin. healthbottom 48% Globalbottom 42% Growthbottom 40% Moat: Top 1% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 6/10 Market: 3,709 employees (top 9% of Energy Tech) · Revenue ~$583M rank vs industry peers · Fliar Intelligence Index 82/100 | $583M FY2025 | -6% | $1000M | Reshma NA Tech Strategy | 3,709 3,709 → 8,744 (+136%) · sector median +70% | Cart FunctionalityMagentoMySQL+25 | +37% | — |
| 2 | Ather Energy 🦄 Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories 89Market top 15%Customers top 17%Moat top 17%Funding top 18% All 14 signals ▾Markettop 15% Customerstop 17% Moattop 17% Fundingtop 18% Techtop 18% Producttop 23% Innovationtop 28% Partnerstop 28% Newstop 31% Growthtop 36% Patentstop 39% Fin. healthtop 39% Talenttop 42% Globalbottom 39% Market: 1,470 employees (top 5% of Auto Tech) · Revenue ~$273M Customers: Play-Store rating 4.20★ across 97,080 ratings (2 apps) · Marquee-customer mentions: top 7% of tracked companies rank vs industry peers · Fliar Intelligence Index 89/100 | $273M FY2025 | +29% | $502M | Tarun Mehta Co-Founder & CEO | 1,470 | TurbopackElasticsearchNode.js+26 | — | 2 job openings · 1 launch · 1 award |
| 3 | GreenCell Mobility Provider of end-to-end e-mobility solutions, including electric bus operations and technology services 55News top 17%Funding top 21%Growth top 25%Moat top 27% All 11 signals ▾Newstop 17% Fundingtop 21% Growthtop 25% Moattop 27% Producttop 40% Innovationtop 43% Fin. healthtop 46% Markettop 48% Talentbottom 40% Globalbottom 39% Techbottom 21% News: 9 BI events in 12 mo (of 39 tracked, 5 types) · +350% YoY Funding: Raised $552M across 5 rounds · 5 rounds over 4 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $80M FY2025 | +32% | $552M | Devendra Chawla CEO & Managing Director | 11 | UbuntuNginxDigitalOcean Spaces+2 | — | 1 partnership · 2 awards |
| 4 | PMI Electro Mobility Electric bus manufacturer and e-mobility solutions provider focused on designing and producing… 62Moat top 27%Talent top 28%Funding top 31%Fin. health top 33% All 9 signals ▾Moattop 27% Talenttop 28% Fundingtop 31% Fin. healthtop 33% Markettop 38% Growthtop 42% Newsbottom 44% Globalbottom 37% Techbottom 28% Moat: Top 2% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 5/10 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 62/100 | $68M FY2025 | +32% | $30M | Anurag Aggarwal Co-Founder | 373 | WordPressMySQLPHP+16 | — | — |
| 5 | Zypp Electric Platform offering electric vehicle rentals and last mile delivery services 78Moat top 20%Funding top 26%Growth top 26%Market top 28% All 12 signals ▾Moattop 20% Fundingtop 26% Growthtop 26% Markettop 28% Producttop 31% Techtop 32% Innovationtop 37% Newstop 43% Fin. healthtop 43% Talenttop 45% Customerstop 48% Globalbottom 39% Moat: Top 2% by revenue among 865 tracked Logistics Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $76.5M across 10 rounds · 10 rounds over 9 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 78/100 | $53M FY2025 | +48% | $76M | Rashi Agarwal Co-Founder & CBO | 1,105 1,105 → 1,187 (+7%) · sector median +70% | Node.jsUbuntuGoogle Maps+23 | +66% | — |
| 6 | SUN Mobility Provider of battery swapping services for electric vehicles and related infrastructure 62Moat top 21%Talent top 28%Partners top 31%Growth top 33% All 11 signals ▾Moattop 21% Talenttop 28% Partnerstop 31% Growthtop 33% Newstop 33% Markettop 34% Fundingtop 39% Fin. healthtop 45% Producttop 46% Globalbottom 45% Techbottom 28% Moat: Top 4% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 62/100 | $40M FY2025 | +17% | $50M | Ajay Goel Co-Founder & CEO | 536 536 → 921 (+72%) · sector median +70% | LeafletMapbox.jsMapbox GL JS+10 | — | 1 award |
| 7 | Battery Smart Platform offering operator of battery-swapping network for electric vehicles and related services 69Moat top 21%Funding top 24%Growth top 25%Market top 33% All 11 signals ▾Moattop 21% Fundingtop 24% Growthtop 25% Markettop 33% Newstop 34% Producttop 37% Talenttop 38% Fin. healthtop 42% Techtop 47% Innovationbottom 46% Globalbottom 39% Moat: Top 4% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 Funding: Raised $110M across 11 rounds · 11 rounds over 6 yrs (1.8/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $33M FY2025 | +49% | $110M | Pulkit Khurana Co-Founder & CEO | 419 | Node.jsTailwind CSSReact+12 | — | 1 internship · 1 award |
| 8 | EKA Manufacturer of electric buses trucks and small commercial transport vehicles 72Growth top 18%Moat top 21%Funding top 33%Market top 35% All 10 signals ▾Growthtop 18% Moattop 21% Fundingtop 33% Markettop 35% Fin. healthtop 39% Talentbottom 49% Techbottom 48% Productbottom 45% Globalbottom 37% Newsbottom 27% Growth: Headcount 198 → 362 (+83%) across vintages · Revenue +335% YoY Moat: Top 5% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 72/100 | $29M FY2025 | +335% | $124M | Sudhir Mehta Founder & Managing Director & Chairman | 362 | WordPressMySQLPHP+27 | — | 3 partnerships |
| 9 | Yulu Platform offering shared electric two-wheeler rentals 72Moat top 20%Customers top 23%Funding top 25%Tech top 27% All 13 signals ▾Moattop 20% Customerstop 23% Fundingtop 25% Techtop 27% Talenttop 28% Markettop 33% Innovationtop 33% Partnerstop 35% Producttop 39% Fin. healthbottom 47% Growthbottom 42% Globalbottom 39% Newsbottom 35% Moat: Top 3% by revenue among 458 tracked Road Transport Tech companies · Editorial + unicorn rating 8/10 Customers: Play-Store rating 4.08★ across 151,364 ratings (2 apps) · Review volume +11% in 6 mo rank vs industry peers · Fliar Intelligence Index 72/100 | $29M FY2025 | — | $124M | Anuj Tewari Co-Founder & CFO | 236 | TypeScriptUbuntuGoogle Maps+23 | +17% | — |
| 10 | Euler Motors Manufacturer of electric commercial vehicles and TCO calculation service 74Innovation top 20%Moat top 22%Funding top 23%Tech top 24% All 12 signals ▾Innovationtop 20% Moattop 22% Fundingtop 23% Techtop 24% Producttop 28% Markettop 34% Newstop 35% Partnerstop 42% Growthtop 45% Talentbottom 49% Fin. healthbottom 42% Globalbottom 39% Innovation: 7 new-product events in 24 mo · Deep-tech classification: Tech Hardware Moat: Top 5% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 74/100 | $24M FY2025 | — | $130M | Saurav Kumar Founder & CEO | 461 | UbuntuYouTubestyled-components+22 | — | 1 launch · 1 partnership · 1 award |
| 11 | Blu-Smart Platform offering electric vehicle fleet undergoing corporate insolvency resolution process 60Moat top 25%Funding top 29%Tech top 31%Market top 32% All 12 signals ▾Moattop 25% Fundingtop 29% Techtop 31% Markettop 32% Growthtop 33% Fin. healthtop 44% Newstop 47% Productbottom 47% Talentbottom 40% Globalbottom 39% Innovationbottom 33% Patentsbottom 33% Moat: Top 4% by revenue among 458 tracked Road Transport Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $142M across 15 rounds · 15 rounds over 7 yrs (2.1/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $21M FY2024 | +142% | $142M | Anmol Jaggi Co-Founder | 803 | Apple iCloud MailGoogle WorkspaceTypeScript+22 | — | — |
| 12 | Blue Energy Motors Platform offering heavy duty trucks 53Moat top 29%Innovation top 32%Growth top 36%News top 36% All 11 signals ▾Moattop 29% Innovationtop 32% Growthtop 36% Newstop 36% Markettop 46% Producttop 46% Fundingbottom 49% Talentbottom 49% Fin. healthbottom 44% Globalbottom 43% Techbottom 33% Moat: Top 8% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 5/10 Innovation: 4 new-product events in 24 mo rank vs industry peers · Fliar Intelligence Index 53/100 | $17M FY2025 | — | $30M | Anirudh Bhuwalka Founder & Managing Director | 62 | PHPCodeIgniterBootstrap+12 | — | — |
| 13 | Pureev.in Manufacturer of energy storage products and electric vehicles with lithium batteries 57Moat top 22%Market top 25%Funding top 25%Fin. health top 25% All 11 signals ▾Moattop 22% Markettop 25% Fundingtop 25% Fin. healthtop 25% Talenttop 38% Producttop 43% Innovationbottom 48% Techbottom 43% Globalbottom 37% Growthbottom 25% Newsbottom 24% Moat: Top 8% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 Market: 126 employees (top 16% of Electric Vehicles) · Revenue ~$16.3M rank vs industry peers · Fliar Intelligence Index 57/100 | $16M FY2025 | — | $14M | Rohit Vadera Co-Founder & CEO | 126 | PHPCodeIgniterBootstrap+8 | — | — |
| 14 | RevFin Digital lending platform providing loans for electric vehicle drivers 64Moat top 26%Growth top 27%Funding top 31%Product top 40% All 11 signals ▾Moattop 26% Growthtop 27% Fundingtop 31% Producttop 40% Customerstop 41% Talenttop 41% Techtop 44% Fin. healthtop 46% Markettop 47% Globalbottom 39% Newsbottom 24% Moat: Top 10% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Growth: Headcount 43 → 112 (+160%) across vintages · Revenue +68% YoY rank vs industry peers · Fliar Intelligence Index 64/100 | $16M FY2025 | +68% | $31M | Sameer Aggarwal Founder & CEO | 112 | Node.jsZohoRadix UI+14 | — | — |
| 15 | EMotorad Electric vehicle company offering a range of premium e-bikes and accessories 57Tech top 24%Moat top 25%Talent top 28%Funding top 37% All 9 signals ▾Techtop 24% Moattop 25% Talenttop 28% Fundingtop 37% Markettop 46% Growthbottom 49% Globalbottom 43% Fin. healthbottom 37% Newsbottom 24% Tech: 44 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Top 9% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 57/100 | $14M FY2025 | -8% | $26M | Sumedh Battewar Co-Founder & CBO | 98 | Cart FunctionalityNode.jsThree.js+30 | — | — |
| 16 | Indigrid Technology Platform offering electric vehicle powertrain products and electronic design manufacturing services 53Growth top 25%Moat top 30%Partners top 31%News top 35% All 10 signals ▾Growthtop 25% Moattop 30% Partnerstop 31% Newstop 35% Talenttop 38% Fin. healthtop 42% Fundingtop 47% Markettop 50% Globalbottom 32% Techbottom 23% Growth: Headcount 51 → 84 (+65%) across vintages · Revenue +62% YoY Moat: Top 9% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 53/100 | $13M FY2025 | +62% | $6M | Rishab Puri Co-Founder & Director of Operations | 84 84 → 193 (+130%) · sector median +70% | Google MapsUbuntuBootstrap+9 | — | 1 award |
| 17 | Ecofy Financial solutions for the electric vehicle, solar, and SME sectors 69Growth top 16%News top 19%Moat top 26%Funding top 30% All 11 signals ▾Growthtop 16% Newstop 19% Moattop 26% Fundingtop 30% Talenttop 38% Markettop 39% Fin. healthtop 42% Techtop 44% Producttop 49% Innovationbottom 40% Globalbottom 39% Growth: Headcount 119 → 208 (+75%) across vintages · Revenue +206% YoY News: 6 BI events in 12 mo (of 17 tracked, 5 types) · +200% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $13M FY2025 | +206% | $11M | Rajashree Nambiar Co-founder | 208 208 → 422 (+103%) · sector median +70% | DrupalPHPBootstrap+16 | — | — |
| 18 | Neuron Energy Manufacturer of lithium-ion batteries for electric vehicles and energy storage 76Fin. health top 23%Moat top 24%Growth top 27%Funding top 31% All 11 signals ▾Fin. healthtop 23% Moattop 24% Growthtop 27% Fundingtop 31% Techtop 32% Newstop 36% Markettop 38% Talenttop 38% Innovationbottom 47% Productbottom 45% Globalbottom 37% Fin. health: Revenue ~$12.6M (FY2023) · Net margin 0.7% Moat: Top 5% by revenue among 393 tracked Energy Storage Tech companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 76/100 | $13M FY2025 | +68% | $5M | Pratik Kamdar Co-Founder & CEO & MD | 56 56 → 117 (+109%) · sector median +70% | WordPressMySQLZoho+20 | — | 1 launch · 1 award |
| 19 | Rideriver Operator of transportation network, connecting riders with independent service providers 60Moat top 23%Tech top 31%Funding top 34%Market top 36% All 10 signals ▾Moattop 23% Techtop 31% Fundingtop 34% Markettop 36% Talenttop 38% Growthtop 43% Producttop 46% Globalbottom 39% Newsbottom 35% Fin. healthbottom 34% Moat: Top 10% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 Tech: 37 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 60/100 | $12M FY2025 | — | $68M | Aravind Mani Co-Founder and CEO | 323 | Cart FunctionalityNode.jsSalesforce+23 | — | — |
| 20 | Magenta Provider of electric vehicle fleets and charging infrastructure management services 55Moat top 23%Funding top 34%Talent top 38%Partners top 41% All 11 signals ▾Moattop 23% Fundingtop 34% Talenttop 38% Partnerstop 41% Growthtop 42% Newstop 42% Markettop 43% Producttop 46% Techbottom 46% Fin. healthbottom 46% Globalbottom 37% Moat: Top 10% by revenue among 865 tracked Logistics Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $56.2M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $10M FY2025 | +89% | $56M | Maxson Lewis Co-Founder & Chairman | 279 279 → 365 (+31%) · sector median +70% | Apple iCloud MailGoogle WorkspacePHP+21 | — | 1 job opening |
| 21 | Statiq Network of electric vehicle chargers and related software solutions provider 80Tech top 20%Moat top 22%Market top 30%Growth top 30% All 11 signals ▾Techtop 20% Moattop 22% Markettop 30% Growthtop 30% Fundingtop 32% Customerstop 33% Talenttop 38% Fin. healthtop 44% Producttop 47% Newstop 49% Globalbottom 39% Tech: 72 technologies across 6/8 capability areas · Cloud: Amazon Web Services, Cloudflare Moat: Top 2% by revenue among 50 tracked Smart Cities companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 80/100 | $9M FY2025 | +74% | $28M | Raghav Arora Co-Founder & CTO | 230 230 → 301 (+31%) · sector median +70% | WordPressZohoMySQL+29 | +92% | 2 launchs · 3 expansions |
| 22 | Bounce Infinity Manufacturer of electric scooters featuring removable batteries for portable charging 57Tech top 17%Funding top 21%Moat top 25%Talent top 28% All 11 signals ▾Techtop 17% Fundingtop 21% Moattop 25% Talenttop 28% Innovationtop 34% Producttop 38% Markettop 50% Growthbottom 42% Globalbottom 39% Fin. healthbottom 25% Newsbottom 21% Tech: 43 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services Funding: Raised $222M across 14 rounds · 14 rounds over 11 yrs (1.3/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $8M FY2025 | -28% | $222M | Varun Agni Co-Founder & CTO | 107 107 → 126 (+18%) · sector median +70% | FirebaseGoogle MapsAnimate.css+30 | — | 2 internships |
| 23 | 3evi Developer of software facilitating data analysis and workflow automation processes 48Moat top 33%Growth top 35%Talent top 38%Product top 41% All 10 signals ▾Moattop 33% Growthtop 35% Talenttop 38% Producttop 41% Newstop 44% Fundingtop 48% Fin. healthtop 50% Marketbottom 49% Globalbottom 37% Techbottom 33% Moat: Top 15% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 5/10 Growth: Headcount 212 → 222 (+5%) across vintages · Revenue +205% YoY rank vs industry peers · Fliar Intelligence Index 48/100 | $6M FY2025 | +205% | $25M | Suman Mishra Co-Founder & CRO | 222 | WordPressMySQLPHP+18 | — | — |
| 24 | Simpl Energy Manufacturer of electric scooters designed for urban and long-distance travel 62Tech top 25%Moat top 26%Talent top 28%Growth top 41% All 9 signals ▾Techtop 25% Moattop 26% Talenttop 28% Growthtop 41% Fundingtop 43% Markettop 45% Productbottom 48% Fin. healthbottom 46% Globalbottom 37% Tech: 30 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Top 17% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 62/100 | $5M FY2025 | +358% | $73M | Shreshth Mishra Co-Founder | 254 254 → 619 (+144%) · sector median +70% | Node.jsTypeScriptGraphQL+15 | — | 1 expansion |
| 25 | Exponent Energy Provider of rapid-charging battery, charger, and connector technology for EVs 55Moat top 27%Talent top 28%Funding top 30%Growth top 32% All 11 signals ▾Moattop 27% Talenttop 28% Fundingtop 30% Growthtop 32% Innovationtop 39% Producttop 46% Markettop 47% Techbottom 42% Globalbottom 39% Fin. healthbottom 27% Newsbottom 20% Moat: Top 12% by revenue among 393 tracked Energy Storage Tech companies · Editorial + unicorn rating 7/10 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 55/100 | $5M FY2025 | — | $47M | Sanjay Jagannath Co-Founder | 229 229 → 301 (+31%) · sector median +70% | Framer SitesYouTubeReact+12 | — | 2 partnerships |
| 26 | Kazam Platform offering electric vehicle charging and energy management 83Growth top 18%Funding top 27%Talent top 28%Moat top 30% All 9 signals ▾Growthtop 18% Fundingtop 27% Talenttop 28% Moattop 30% Markettop 34% Fin. healthtop 36% Techtop 42% Producttop 46% Globalbottom 48% Growth: Revenue +240% YoY · Fresh capital in last 24 mo Funding: Raised $20.1M across 6 rounds · 6 rounds over 5 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 83/100 | $5M FY2025 | +240% | $20M | Paras Shah Co-Founder & COO | — | Node.jsTailwind CSSAmazon ALB+11 | — | — |
| 27 | Ultraviolette Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure 67Innovation top 20%Moat top 27%Funding top 28%Product top 31% All 11 signals ▾Innovationtop 20% Moattop 27% Fundingtop 28% Producttop 31% Techtop 32% Newstop 35% Growthtop 36% Talenttop 38% Markettop 42% Globalbottom 39% Fin. healthbottom 25% Innovation: 8 new-product events in 24 mo · Deep-tech classification: Tech Hardware Moat: Top 20% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 67/100 | $4M FY2025 | — | $64M | Narayan Subramaniam Co-Founder & CEO | 316 316 → 552 (+75%) · sector median +70% | SentryApple iCloud MailMicrosoft 365+23 | — | 1 launch |
| 28 | TSUYO Platform offering motors for multi-category electric-three wheelers 55Growth top 17%News top 32%Moat top 36%Talent top 37% All 9 signals ▾Growthtop 17% Newstop 32% Moattop 36% Talenttop 37% Fin. healthtop 45% Fundingtop 49% Techbottom 46% Marketbottom 39% Globalbottom 32% Growth: Headcount 5 → 28 (+460%) across vintages · Revenue +92% YoY News: 8 BI events in 12 mo (of 22 tracked, 7 types) · +100% YoY rank vs industry peers · Fliar Intelligence Index 55/100 | $4M FY2025 | +92% | $4M | Tripurari Kumar Co-Founder | 28 28 → 53 (+89%) · sector median +70% | WordPressMySQLPHP+22 | — | 1 expansion |
| 29 | Zeno Provider of high-performance electric mobility solutions 48Growth top 28%Talent top 28%Moat top 33%Funding top 41% All 9 signals ▾Growthtop 28% Talenttop 28% Moattop 33% Fundingtop 41% Globalbottom 48% Productbottom 48% Marketbottom 46% Techbottom 46% Fin. healthbottom 23% Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 48/100 | $3M FY2025 | — | $34M | Jake Butynski Co-Founder & Director Of Product | — | Node.jsReactNext.js App Router+10 | — | 1 job opening · 2 expansions |
| 30 | Hala Mobility Platform offering electric mobility solutions 53Talent top 28%Innovation top 33%Moat top 36%Tech top 40% All 11 signals ▾Talenttop 28% Innovationtop 33% Moattop 36% Techtop 40% Producttop 40% Fin. healthtop 44% Fundingtop 48% Growthtop 48% Marketbottom 35% Globalbottom 32% Newsbottom 26% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Innovation: 12 product lines rank vs industry peers · Fliar Intelligence Index 53/100 | $3M FY2025 | +111% | $7M | Anand Pareek Co-Founder | 35 | Node.jsUbuntuRadix UI+11 | — | — |
| 31 | Altigreen Manufacturer of electric three-wheel vehicles for cargo and passenger transport 55Moat top 23%Talent top 23%Market top 30%Funding top 31% All 11 signals ▾Moattop 23% Talenttop 23% Markettop 30% Fundingtop 31% Innovationtop 32% Techtop 44% Producttop 49% Globalbottom 39% Fin. healthbottom 36% Newsbottom 27% Growthbottom 23% Moat: Top 26% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 Talent: 5 named leaders on record · 5 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 55/100 | $3M FY2025 | -81% | $49M | Amitabh Saran Founder & CEO | 239 | WebflowYouTubejQuery Mobile+17 | — | — |
| 32 | Turno Operator of an online electric vehicle marketplace 55Growth top 25%Funding top 36%Tech top 37%Talent top 38% All 10 signals ▾Growthtop 25% Fundingtop 36% Techtop 37% Talenttop 38% Newstop 46% Productbottom 48% Moatbottom 45% Marketbottom 41% Fin. healthbottom 41% Globalbottom 37% Growth: Headcount 165 → 202 (+22%) across vintages · Revenue +243% YoY Funding: Raised $23.3M across 6 rounds · 6 rounds over 4 yrs (1.5/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $3M FY2025 | +243% | $23M | Sudhindra Pidapa Co-Founder & COO | 202 202 → 396 (+96%) · sector median +70% | SentryNode.jsTailwind CSS+22 | — | — |
| 33 | Oben Electric Platform offering two wheeler motorcycle products 64Talent top 28%Tech top 29%Growth top 30%Moat top 33% All 12 signals ▾Talenttop 28% Techtop 29% Growthtop 30% Moattop 33% Innovationtop 35% Patentstop 38% Fundingtop 43% Newstop 50% Productbottom 48% Marketbottom 47% Fin. healthbottom 41% Globalbottom 37% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Tech: 36 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 64/100 | $2M FY2025 | +1285% | $13M | Dinkar Agrawal Co-Founder & CTO | 122 | ZohoNode.jsUbuntu+24 | — | — |
| 34 | Baaz Provider of electric scooters and battery swapping network for deliveries 64Growth top 15%Talent top 23%Moat top 30%Funding top 39% All 9 signals ▾Growthtop 15% Talenttop 23% Moattop 30% Fundingtop 39% Techtop 44% Marketbottom 49% Fin. healthbottom 42% Globalbottom 37% Newsbottom 21% Growth: Revenue +279% YoY · Web rank 5,000,000 → 1,000,000 YoY Talent: 6 named leaders on record · 5 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $2M FY2025 | +279% | $11M | Sahil Malik Co-Founder | 146 146 → 247 (+69%) · sector median +70% | YouTubeBootstrapGSAP+18 | — | — |
| 35 | Chargeup Platform offering electric vehicle charging station network operators 60Growth top 23%Talent top 28%Moat top 31%Innovation top 33% All 11 signals ▾Growthtop 23% Talenttop 28% Moattop 31% Innovationtop 33% Newstop 37% Fundingtop 42% Techtop 46% Producttop 46% Fin. healthbottom 42% Marketbottom 40% Globalbottom 32% Growth: Headcount 77 → 116 (+51%) across vintages · Revenue +161% YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $2M FY2025 | +161% | $10M | Arun Madan Co Founder and CFO | 116 116 → 91 (-22%) · sector median +70% | WordPressMySQLPHP+18 | — | — |
| 36 | TIEA Manufacturer of electrical and electronic connectors for demanding, mission-critical applications 40Growth top 31%Fin. health top 46%Funding top 47%Tech top 47% All 9 signals ▾Growthtop 31% Fin. healthtop 46% Fundingtop 47% Techtop 47% Talentbottom 49% Globalbottom 39% Moatbottom 37% Marketbottom 25% Newsbottom 18% Growth: Headcount 40 → 43 (+8%) across vintages · Revenue +144% YoY Fin. health: Revenue ~$1.7M (FY2023) · Net margin 0.1% rank vs industry peers · Fliar Intelligence Index 40/100 | $2M FY2025 | +144% | $1M | Punit Joshi Co-Founder & CTO | 43 43 → 54 (+26%) · sector median +70% | Cart FunctionalityWordPressBetterDocs+26 | — | — |
| 37 | Bolt.Earth Provider of electric vehicle charging hardware, software, and support services 82Innovation top 25%Growth top 28%Talent top 28%Funding top 29% All 13 signals ▾Innovationtop 25% Growthtop 28% Talenttop 28% Fundingtop 29% Techtop 29% Markettop 36% Customerstop 36% Moattop 36% Producttop 40% Fin. healthtop 45% Partnerstop 45% Globalbottom 43% Newsbottom 23% Innovation: 8 product lines · Deep-tech classification: Tech Hardware Growth: Revenue +53% YoY · Web rank 5,000,000 → 1,000,000 YoY rank vs industry peers · Fliar Intelligence Index 82/100 | $2M FY2025 | +53% | $25M | Mohit Yadav Co-Founder & CTO | 134 134 → 246 (+84%) · sector median +70% | Cart FunctionalitySentryApple iCloud Mail+27 | +104% | 1 partnership |
| 38 | MATTER Developer of geared electric motorcycles and EV energy solutions 64Growth top 21%Talent top 28%Tech top 32%News top 32% All 10 signals ▾Growthtop 21% Talenttop 28% Techtop 32% Newstop 32% Fundingtop 34% Producttop 34% Moattop 35% Marketbottom 49% Globalbottom 39% Fin. healthbottom 35% Growth: Headcount 359 → 450 (+25%) across vintages · Revenue +67% YoY Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $1M FY2025 | +67% | $45M | Kumar Telikepalli Co-Founder & CTO | 450 450 → 746 (+66%) · sector median +70% | Node.jsMUIReact+25 | — | 2 partnerships · 1 expansion |
| 39 | Astranova Mobility Provider of electric vehicle leasing and fleet asset management services 53Growth top 13%Funding top 40%Moat top 40%Tech top 49% All 8 signals ▾Growthtop 13% Fundingtop 40% Moattop 40% Techtop 49% Talentbottom 49% Globalbottom 45% Marketbottom 38% Fin. healthbottom 38% Growth: Revenue +4937% YoY · Web rank 50,000,000 → 5,000,000 YoY Funding: Raised $11.5M across 4 rounds · 4 rounds over 2 yrs (2.0/yr) rank vs industry peers · Fliar Intelligence Index 53/100 | $1M FY2025 | +4937% | $11M | Kunal Mundra Co-Founder & CEO | — | Node.jsGoogle CloudEmotion+11 | — | — |
| 40 | Erisha E Mobility 🦄 Manufacturer of electric two, three-wheelers, cargo vehicles, buses, and charging solutions 37Funding top 27%Moat top 39%Growth top 45%Talent bottom 49% All 9 signals ▾Fundingtop 27% Moattop 39% Growthtop 45% Talentbottom 49% Techbottom 44% Marketbottom 41% Newsbottom 40% Fin. healthbottom 36% Globalbottom 30% Funding: Raised $1.0B across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Moat: Top 41% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 37/100 | $588K FY2023 | — | $1.0B | Sudhir Rana Co-Founder | 54 | PHPFacebook LoginBootstrap+18 | — | — |
| 41 | BatteryPool Platform offering battery rental and ownership programs for electric vehicles 62Growth top 25%Funding top 36%Innovation top 39%Tech top 41% All 11 signals ▾Growthtop 25% Fundingtop 36% Innovationtop 39% Techtop 41% Newstop 41% Producttop 42% Moattop 42% Fin. healthtop 47% Markettop 50% Talentbottom 49% Globalbottom 37% Growth: Revenue +48% YoY · Web rank 10,000,000 → 5,000,000 YoY Funding: Raised $1.4M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $420K FY2025 | +48% | $1M | Ashwin Shankar Co-Founder & CEO | 14 | WebflowAmazon Web ServicesSlick+7 | — | 1 job opening · 1 partnership |
| 42 | Qucev Platform offering electric commercial vehicles 35Growth top 21%News top 38%Funding top 46%Talent bottom 49% All 9 signals ▾Growthtop 21% Newstop 38% Fundingtop 46% Talentbottom 49% Moatbottom 44% Globalbottom 37% Techbottom 36% Fin. healthbottom 36% Marketbottom 30% Growth: Revenue +1589% YoY · Fresh capital in last 24 mo News: 3 BI events in 12 mo (of 3 tracked, 1 types) · Top themes: Funding rank vs industry peers · Fliar Intelligence Index 35/100 | $317K FY2025 | +1589% | $19M | Naresh Rawal Founder & CEO | — | WordPressMySQLPHP+21 | — | — |
| 43 | RapteeHV Platform offering electric motorcycles 48Growth top 23%Talent top 28%Tech top 38%Funding top 48% All 9 signals ▾Growthtop 23% Talenttop 28% Techtop 38% Fundingtop 48% Globalbottom 48% Moatbottom 48% Productbottom 40% Fin. healthbottom 32% Marketbottom 27% Growth: Revenue +85% YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 48/100 | $216K FY2025 | +85% | $16M | Keerthivasan Ravi COO & Co-Founder | — | Node.jsTailwind CSSReact Router+18 | — | — |
| 44 | ProsParity Financing platform for electric mobility 35Growth top 21%Talent top 28%Funding top 44%Moat bottom 40% All 9 signals ▾Growthtop 21% Talenttop 28% Fundingtop 44% Moatbottom 40% Fin. healthbottom 39% Globalbottom 37% Techbottom 31% Newsbottom 22% Marketbottom 19% Growth: Revenue +57761% YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $123K FY2025 | +57761% | $2M | Jitendra Sharma Co-Founder & Business Head | — | Tailwind CSSGSAPAmazon Web Services+7 | — | 7 job openings · 1 internship · 1 partnership |
| 45 | Entuple E-Mobility Developer of electric powertrains, turbo chargers, traction motors, and motor controllers 57Growth top 22%Talent top 28%Innovation top 35%Funding top 40% All 11 signals ▾Growthtop 22% Talenttop 28% Innovationtop 35% Fundingtop 40% Patentstop 41% Fin. healthbottom 49% Moatbottom 44% Marketbottom 42% Globalbottom 37% Techbottom 26% Newsbottom 22% Growth: Headcount 36 → 46 (+28%) across vintages · Revenue +220% YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 57/100 | $104K FY2025 | +220% | $4M | Rakesh Mishra Co-Founder & CEO | 46 | Google MapsBootstrapApache HTTP Server+4 | — | — |
| 46 | BluJ Aero Provider of electric and hydrogen-powered VTOL aircraft technology 32Growth top 35%Talent top 38%Funding top 43%Moat bottom 44% All 9 signals ▾Growthtop 35% Talenttop 38% Fundingtop 43% Moatbottom 44% Marketbottom 37% Techbottom 33% Globalbottom 32% Fin. healthbottom 26% Newsbottom 18% Growth: Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 32/100 | $80K FY2025 | — | $2M | Dharmapuri Kumar Co-Founder & CTO | 23 23 → 32 (+39%) · sector median +70% | WordPressMySQLPHP+15 | — | 2 job openings · 1 launch |
| 47 | Sarla Aviation Developer of electric vertical take-off and landing aircraft for passenger transport 19News top 25%Partners top 31%Growth top 40%Funding top 46% All 12 signals ▾Newstop 25% Partnerstop 31% Growthtop 40% Fundingtop 46% Talentbottom 48% Innovationbottom 47% Productbottom 45% Techbottom 44% Globalbottom 39% Moatbottom 24% Marketbottom 19% Fin. healthbottom 10% News: 16 BI events in 12 mo (of 32 tracked, 6 types) · +0% YoY Partners: 0 partnership announcements in 12 mo (2 in 24 mo) · 4 contract events in 12 mo rank vs industry peers · Fliar Intelligence Index 19/100 | $596 FY2025 | — | $13M | Shivam Chauhan Co-Founder & CIO | — | Apple iCloud MailMicrosoft 365Node.js+11 | — | 2 partnerships |
| 48 | Drivn Provider of electric commercial vehicle leasing, financing, and end-of-life solutions 32Talent top 28%Funding top 41%Tech bottom 45%Global bottom 45% All 5 signals ▾Talenttop 28% Fundingtop 41% Techbottom 45% Globalbottom 45% Marketbottom 31% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $80.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 32/100 | — | — | $80M | Madhujeet Chimni Co-Founder | — | Wix eCommerceWixSentry+11 | — | 2 partnerships |
| 49 | Bacancy Systems Manufacturer of electric vehicle components and embedded systems 32News top 34%Talent top 38%Growth top 45%Funding bottom 46% All 8 signals ▾Newstop 34% Talenttop 38% Growthtop 45% Fundingbottom 46% Techbottom 42% Moatbottom 38% Marketbottom 36% Globalbottom 30% News: 4 BI events in 12 mo (of 4 tracked, 1 types) · Top themes: Funding Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 32/100 | — | — | $4M | Krunal Patel Co-Founder | — | SentryPHPWistia+13 | — | 1 award |
| 50 | Vimag Labs Provider of magnet-free electric motor and power electronics solutions 50Funding top 34%Talent top 38%Global bottom 45% All 3 signals ▾Fundingtop 34% Talenttop 38% Globalbottom 45% Funding: Raised $5.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 50/100 | — | — | $5M | Manish Seth Co-Founder & Director | — | — | — | — |
Top 12 Electric Vehicles companies in India
#1
Acquired · Mumbai, Maharashtra · founded 2019 · 11 employees$552.3Mraised▾
Acquired · Mumbai, Maharashtra · founded 2019 · 11 employees
Provider of end-to-end e-mobility solutions, including electric bus operations and technology services. It is an electric-bus mobility platform in India that offers end-to-end shared e-mobility solutions. They aim to integrate and create powerful connected electric vehicle technology solutions. The company primarily focuses on leveraging proven global experience to become a leading pan-India shared electric mobility player.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
News
top 17%Funding
top 21%Growth
top 25%Moat
top 27%Product
top 40%Innovation
top 43%News: 9 BI events in 12 mo (of 39 tracked, 5 types) · +350% YoY · 6 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $552M across 5 rounds · 5 rounds over 4 yrs (1.2/yr) · Last round Conventional Debt (Jan 2026)
Growth: Revenue +32% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 38k LinkedIn followers
Activity (LinkedIn): 1 partnerships · 2 awards (incl. L&T Metro Rail (Hyderabad) Ltd.) announced in 12 mo
Funding rounds
- Jan 2026Series C$89M
- Jan 2026Conventional Debt—
- Sep 2025Conventional Debt$37M
- Jul 2023Conventional Debt$365.8M
Founders & team
Investors
REC, Climate Funds Update, Asian Development Bank, AIIB, Goldman Sachs, IFC
Tech stack
Digitalocean SpacesGodaddyNginxPwaUbuntu
#2
Series B · Delhi, Delhi · founded 2019 · 419 employees$110.3Mraised▾
Series B · Delhi, Delhi · founded 2019 · 419 employees
Platform offering operator of battery-swapping network for electric vehicles and related services. It provides battery solutions for drivers and fleets. It also offers resources, media, and safety information. The company focuses on electric vehicle battery technology.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Moat
top 21%Funding
top 24%Growth
top 25%Market
top 33%News
top 34%Product
top 37%Moat: Top 4% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $110M across 11 rounds · 11 rounds over 6 yrs (1.8/yr) · Last round Conventional Debt (Apr 2026)
Growth: Headcount 267 → 419 (+57%) across vintages · Revenue +49% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 130k LinkedIn followers — 3.2% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Apr 2026Conventional Debt$15M
- Dec 2025Series B$7.4M
- 2025Venture Debt—
- Mar 2025Series B$29M
Founders & team
Investors
MUFG, Blume Venture, Ecosystem Integrity Fund, British International Investment, LeapFrog Investments, Panasonic
Tech stack
Amazon Web ServicesAws Certificate ManagerCore-JsFacebook PixelGoogle AnalyticsGoogle Workspace
#3
Series E · Delhi, Delhi · founded 2018 · 461 employees$130.3Mraised▾
Series E · Delhi, Delhi · founded 2018 · 461 employees
Manufacturer of electric commercial vehicles and TCO calculation service. The company provides electric loading vehicles for commercial use. It offers a tool to calculate and compare vehicle profitability. The tool allows users to select vehicles and input usage details.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Innovation
top 20%Moat
top 22%Funding
top 23%Tech
top 24%Product
top 28%Market
top 34%Innovation: 7 new-product events in 24 mo · Deep-tech classification: Tech Hardware
Moat: Top 5% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $130M across 14 rounds · 14 rounds over 8 yrs (1.8/yr) · Last round Conventional Debt (Mar 2026)
Audience (LinkedIn): 143k LinkedIn followers — 3.5% of this cohort's audience
Activity (LinkedIn): 1 product launches · 1 partnerships · 1 awards (incl. Baramati, Maharashtra) announced in 12 mo
Funding rounds
- Mar 2026Conventional Debt$27.1M
- Mar 2026Series E$47.8M
- May 2025Series D$75.3M
- Mar 2025Series D—
Founders & team
Investors
Blume Venture, QRG Holdings, Sheel Oil & Fats, Kailas Family, Saama, Jetty Ventures
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesApache TomcatCdnjsCloudflare
#4
Series F · Gurugram, Haryana · founded 2014 · 107 employees$221.9Mraised▾
Series F · Gurugram, Haryana · founded 2014 · 107 employees
Manufacturer of electric scooters featuring removable batteries for portable charging. These vehicles utilize electric motors and rechargeable power units to facilitate personal transportation. The design incorporates detachable battery technology to allow for charging at standard electrical outlets. The product line includes multiple models with varying performance specifications regarding speed and distance capabilities. Customers may access financing options for vehicle acquisition and utilize service networks for maintenance requirements.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Tech
top 17%Funding
top 21%Moat
top 25%Talent
top 28%Innovation
top 34%Product
top 38%Tech: 43 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Devops: Nginx
Funding: Raised $222M across 14 rounds · 14 rounds over 11 yrs (1.3/yr) · Last round Series F (Dec 2025)
Moat: Top 14% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 · Soonicorn
Audience (LinkedIn): 19k LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. Force Ventures LLP) announced in 12 mo
Funding rounds
- Dec 2025Series F$5M
- Feb 2024Series E—
- 2023Grant (prize money)—
- Jan 2023Series D$20M
Founders & team
Investors
Innoven Capital, Quettra Resources, Navi, Bennett, Coleman, ACT Grants, Peak XV Partners
Tech stack
AddtoanyAmazon S3Amazon Web ServicesAnimate.CssAosApollo
#5
Series B · Pune, Maharashtra · founded 2020 · 98 employees$25.9Mraised▾
Series B · Pune, Maharashtra · founded 2020 · 98 employees
Electric vehicle company offering a range of premium e-bikes and accessories. These bicycles are designed to provide assisted pedaling and throttle-powered movement. The company focuses on producing bicycles suitable for various terrains and rider preferences. The bicycles are equipped with rechargeable batteries and electric motors to enhance rider experience.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Tech
top 24%Moat
top 25%Talent
top 28%Funding
top 37%Market
top 46%Growth
bottom 49%Tech: 44 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Nginx
Moat: Top 9% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 158k LinkedIn followers — 3.9% of this cohort's audience
Funding rounds
- Apr 2026Series B$541.5K
- Aug 2025Series B$3.8M
- Nov 2024Angel$2M
- Apr 2024Angel$154K
Founders & team
Investors
Green Frontier Capital, LetsVenture, IVY Growth Associates, GetVantage, Jb Ventures, Aaszan Ventures
Tech stack
AxiosBootstrapBootstrap IconsCart FunctionalityCdnjsCloudflare
#6
Series B · Bengaluru, Karnataka · founded 2020 · 323 employees$68Mraised▾
Series B · Bengaluru, Karnataka · founded 2020 · 323 employees
Operator of transportation network, connecting riders with independent service providers. The network facilitates on-demand transportation through a digital platform. It allows individuals seeking rides to connect with drivers. The platform offers features such as ride scheduling and payment processing.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Moat
top 23%Tech
top 31%Funding
top 34%Market
top 36%Talent
top 38%Growth
top 43%Moat: Top 10% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 · Soonicorn
Tech: 37 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services · Observability: Microsoft Clarity
Funding: Raised $68.0M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) · Last round Series B (Jan 2026)
Audience (LinkedIn): 148k LinkedIn followers — 3.6% of this cohort's audience · 798 engagements/post (15.3× cohort median)
Activity (LinkedIn): 2 awards · 2 expansions announced in 12 mo
Funding rounds
- Jan 2026Series B$244.8K
- Jun 2024Series B—
- Feb 2024Series B$40M
- Jun 2023Series B$15M
Founders & team
Investors
Yamaha Motor, Al-Futtaim, Lowercarbon Capital, Toyota Ventures, Maniv Mobility, Trucks Venture Capital
Tech stack
AdrollAdroll Cmp SystemAmazon CloudfrontAmazon Web ServicesAws Certificate ManagerCart Functionality
#7
Seed · Gurugram, Haryana · founded 2025$80Mraised▾
Seed · Gurugram, Haryana · founded 2025
Provider of electric commercial vehicle leasing, financing, and end-of-life solutions. It offers ownership and leasing options for electric commercial vehicles. The company facilitates fleet electrification through vehicle ownership and leasing solutions. It provides support in infrastructure and financing. The company delivers equity-protective growth financing and valuation-aligned structuring. It offers flexible payment structures and buy-back options. The company structures an end-of-life marketplace and second-life battery ecosystem.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Talent
top 28%Funding
top 41%Tech
bottom 45%Global
bottom 45%Market
bottom 31%Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $80.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Conventional Debt (Feb 2026)
Tech: 14 technologies across 4/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn · Observability: Sentry
Audience (LinkedIn): 2k LinkedIn followers
Activity (LinkedIn): 2 partnerships (incl. BillionE Mobility) announced in 12 mo
Funding rounds
- Feb 2026Conventional Debt$80M
- Feb 2026Seed—
Founders & team
Investors
Nomura
Tech stack
BootstrapGoogle CloudGoogle Cloud CdnGsapHstsHttp/3
#8
Series C · Bengaluru, Karnataka · founded 2020 · 229 employees$47Mraised▾
Series C · Bengaluru, Karnataka · founded 2020 · 229 employees
Provider of rapid-charging battery, charger, and connector technology for EVs. The company offers a full energy stack comprising a proprietary battery pack, charging station, and high-current connector engineered to work together for ultra-fast charging. Its technology enables lithium iron phosphate battery packs to charge from empty to full in around a quarter of an hour while maintaining long cycle life, using water-based thermal management and advanced cell control.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Moat
top 27%Talent
top 28%Funding
top 30%Growth
top 32%Innovation
top 39%Product
top 46%Moat: Top 12% by revenue among 393 tracked Energy Storage Tech companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $47.0M across 7 rounds · 7 rounds over 5 yrs (1.4/yr) · Last round Series C (Feb 2026)
Audience (LinkedIn): 101k LinkedIn followers — 2.5% of this cohort's audience · 135 engagements/post (2.6× cohort median)
Activity (LinkedIn): 2 partnerships (incl. Atul Auto Ltd.) announced in 12 mo
Funding rounds
- Feb 2026Series C$14.7M
- Dec 2024Series B—
- Oct 2024Series B$214K
- Dec 2023Series B$26.4M
Founders & team
Investors
YourNest, 3one4 Capital, AdvantEdge, Wellfound, Sukalp Foundation, Pawan Munjal Family Trust
Tech stack
Core-JsFacebook PixelFramer SitesGodaddyGoogle AnalyticsGoogle Font Api
#9
Series A · Bengaluru, Karnataka · founded 2022$34.5Mraised▾
Series A · Bengaluru, Karnataka · founded 2022
Provider of high-performance electric mobility solutions. It delivers strong peak power with high top speed, conquers steep slopes under full load with impressive capacity, and offers ample real - world range across various ride modes—including a unique tractor mode for heavy hauls. It tackles city streets and rough tracks with solid ground clearance, dual disc brakes, and a long bench seat for passengers. It offer features such as gradeability, multiple ride modes, and storage options. The business model includes options for full ownership, subscription, and pay-as-you-go plans.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Growth
top 28%Talent
top 28%Moat
top 33%Funding
top 41%Global
bottom 48%Product
bottom 48%Growth: Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Moat: Top 24% by revenue among 625 tracked Electric Vehicles companies · 10 curated direct competitors tracked
Audience (LinkedIn): 50k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Technical Product Specialist
Activity (LinkedIn): 1 awards · 2 expansions announced in 12 mo
Funding rounds
- Mar 2026Conventional Debt$4.5M
- Mar 2026Series A$20.5M
- Mar 2025Seed—
- Sep 2024Seed$9.5M
Founders & team
Investors
Lowercarbon Capital, Toyota Ventures, DxVentures, Active Impact Investments, AdvantEdge, MCJ
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAosBootstrapCart Functionality
#10
Series D · Delhi, Delhi · founded 2022 · 54 employees$1Braised▾
Series D · Delhi, Delhi · founded 2022 · 54 employees
Manufacturer of electric two, three-wheelers, cargo vehicles, buses, and charging solutions. The company produces electric auto rickshaws for last mile connectivity. Electric buses are available in low and semi-low floor models. Light commercial electric cargo vehicles are also manufactured. High-speed electric two-wheelers include e-scooters and e-bikes.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 27%Moat
top 39%Growth
top 45%Talent
bottom 49%Tech
bottom 44%Market
bottom 41%Funding: Raised $1.0B across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series D (Mar 2025)
Moat: Top 41% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 4/10 · Unicorn
Growth: Web rank 10,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 28k LinkedIn followers
Funding rounds
- Mar 2025Series D$1B
Founders & team
Tech stack
BootstrapCdnjsCloudflareCore-JsFacebook LoginFacebook Pixel
#11
Series E · Bengaluru, Karnataka · founded 2016 · 316 employees$63.7Mraised▾
Series E · Bengaluru, Karnataka · founded 2016 · 316 employees
Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure. The company develops electric vehicle platforms and related products. These include connected helmets with integrated communication systems. The company also produces charging units and software for vehicle diagnostics and system monitoring.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Innovation
top 20%Moat
top 27%Funding
top 28%Product
top 31%Tech
top 32%News
top 35%Innovation: 8 new-product events in 24 mo · Deep-tech classification: Tech Hardware
Moat: Top 20% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $63.7M across 15 rounds · 15 rounds over 10 yrs (1.5/yr) · Last round Series E (Dec 2025)
Audience (LinkedIn): 152k LinkedIn followers — 3.7% of this cohort's audience
Activity (LinkedIn): 1 product launches · 1 partnerships · 2 awards (incl. Bolt.Earth) announced in 12 mo
Funding rounds
- Dec 2025Series E$45M
- Aug 2025Series E$21M
- May 2025Series E$3.9M
- Nov 2024Series D$15.4M
Founders & team
Investors
TVS Motor Company, Gofrugal, Exor, Zoho, Speciale Invest, Certus Capital
Tech stack
Amazon SesAmazon Web ServicesAnimate.CssApple Icloud MailAppnexusCore-Js
#12
Series A · Pune, Maharashtra · founded 2019 · 362 employees$124Mraised▾
Series A · Pune, Maharashtra · founded 2019 · 362 employees
Manufacturer of electric buses trucks and small commercial transport vehicles. These vehicles utilize battery power for urban and long-distance logistics and public transit applications. The product line includes various configurations for cargo delivery and passenger transport. The design incorporates modular architecture and software systems for fleet management and vehicle performance monitoring. Components include electric powertrains and control modules designed for commercial use.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 18%Moat
top 21%Funding
top 33%Market
top 35%Fin. health
top 39%Talent
bottom 49%Growth: Headcount 198 → 362 (+83%) across vintages · Revenue +335% YoY · Fresh capital in last 24 mo
Moat: Top 5% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $124M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) · Last round Series A (Oct 2025)
Audience (LinkedIn): 66k LinkedIn followers
Activity (LinkedIn): 3 partnerships (incl. EKA Mobility) announced in 12 mo
Funding rounds
- Oct 2025Series A$57M
- Apr 2025Seed$23.7M
- Jun 2024Seed$47.8M
- Oct 2023Seed$50.8M
Founders & team
Investors
Mitsui, VDL Groep, Enam Holdings, India Japan Fund, NIIF, Vdlpinnacle
Tech stack
Apache Http ServerBootstrapBootstrap IconsElementorFont AwesomeGodaddy
Funding & investor landscape
$7.9Btotal disclosed funding
310companies funded
961disclosed rounds
6rounds last 90 days
Most active investors
Notable founders
Devendra Chawla
CEO & Managing Director · GreenCell Mobility
Pulkit Khurana
Co-Founder & CEO · Battery Smart
Siddharth Sikka
Co-Founder · Battery Smart
Saurav Kumar
Founder & CEO · Euler Motors
Varun Agni
Co-Founder & CTO · Bounce Infinity
Vivekananda Hallekere
Co-Founder & CEO · Bounce Infinity
Sumedh Battewar
Co-Founder & CBO · EMotorad
Rajib Gangopadhyay
Co-Founder · EMotorad
Aravind Mani
Co-Founder and CEO · Rideriver
Vipin George
Co-Founder & Chief Product Officer · Rideriver
Madhujeet Chimni
Co-Founder · Drivn
Manav Bansal
Co-Founder & CEO · Drivn
Prism market signals · India · country-scoped Prism corpus, 302,408 docs
Market landscape — 10 sub-themes by coverage
Share of Electric Vehicles coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · India
How research on Electric Vehicles is moving in India
A read on the academic research around Electric Vehicles — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 6,093 India-affiliated papers.
research sentiment over time
201620212026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 60% → 67% across 2016–2026.
top research entities
- Vellore Institute of Technology University290
- Indian Institute of Technology Delhi215
- SRM Institute of Science and Technology204
- Amrita Vishwa Vidyapeetham169
- Malaviya National Institute of Technology Jaipur137
leading researchers
Bhim Singh · Rajesh Kumar · Bijaya Ketan Panigrahi · Mohit Bajaj · C. Bharatiraja · Mohammad Saad Alam · R Narayanamoorthi · K. Deepa
▲
Breakthroughs1,194 · 20%
▲ 14%→21% share
▲1.5× share momentum1 median citations88% since 2021mostly methods-led
Charging-station research newly emerged at 81 papers, signalling India's EV infrastructure breakthroughs are intensifying rapidly.
rising sub-themes (early→recent)
- Battery (electricity)6→327
- Automotive engineering13→296
- Electrical engineering4→211
- Power (physics)1→168
- Voltage1→148
Newly emergingCharging station 0→81 · Inductive charging 0→47 · Converters 0→43
Landmark Battery swapping station for electric vehicles: opportunities and challenges · 253 cites
◆
Advancements3,684 · 60%
▼ 69%→59% share
▼0.9× share momentum2 median citations80% since 2021mostly methods-led
Battery advancement papers surged 38→906, making it India's dominant EV engineering focus over the decade.
rising sub-themes (early→recent)
- Automotive engineering75→1228
- Battery (electricity)38→906
- Electrical engineering25→550
- Power (physics)6→437
- Voltage14→304
Newly emergingArtificial neural network 0→66 · Reliability (semiconductor) 0→63 · Inductive charging 0→60
Landmark End-of-life or second-life options for retired electric vehicle batteries · 279 cites
▼
Concerns557 · 9%
▲ 8%→9% share
▲1.1× share momentum1 median citations83% since 2021mostly empirical
Renewable-energy concerns newly emerged at 56 papers, flagging rising grid-integration anxiety in India's EV research.
rising sub-themes (early→recent)
- Automotive engineering7→159
- Battery (electricity)4→134
- Grid6→48
- Electricity1→39
- Charging station1→38
Newly emergingRenewable energy 0→56 · Automotive industry 0→40 · Transport engineering 0→33
Landmark Impact of Electric Vehicle Charging Station Load on Distribution Network · 442 cites
RESEARCH HOTSPOTS · India
Where electric vehicles is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Delhi-NCR418 · +0.49
Chennai401 · +0.53
Pune129 · +0.41
Hyderabad91 · +0.57
Mumbai74 · +0.48
Guwahati67 · +0.48
Roorkee62 · +0.60
Kharagpur54 · +0.43
Bengaluru49 · +0.61
Varanasi36 · +0.58
PATENT SIGNAL · India
Who's filing electric vehicles patents in India
India electric vehicles patent filing is accelerating — 2,455 filings from 1,900 assignees (2016–2025), led by TVS Motor, CSIR, Tata Motors; annual filings 120→520.
2,455 filings1,900 assigneespeak 520/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- TVS Motor594
- CSIR240
- Tata Motors128
- Mahindra108
- Robert Bosch98
- Tata Consultancy Services70
- Ola Electric63
- General Electric61
Common questions
How many Electric Vehicles companies are there in India?
Radar tracks 1325 indexable Electric Vehicles companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Electric Vehicles companies in India?
The Electric Vehicles companies in India on this list have raised a combined $7.9B in disclosed equity funding across 310 funded companies.
Which is the highest-funded Electric Vehicles company in India?
Erisha E Mobility is the highest-funded Electric Vehicles company in India, with $1B in disclosed equity funding.
How many Electric Vehicles companies in India are funded?
310 of the 1325 Electric Vehicles companies in India on this list have disclosed at least one equity funding round.
How many Electric Vehicles unicorns are there in India?
5 Electric Vehicles companies in India on this list are valued at $1B or more.
Who are the top investors in India Electric Vehicles companies?
The most active investors in India Electric Vehicles companies on this list include LetsVenture, Angel List, Alteria Capital, RTBI, FITT.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.