Company lists
The Karnataka edition · 2026

Electric vehiclescompanies in Karnataka

Electric scooters & bikes, batteries, charging, rentals & fleets, components and more: the companies building electric vehicles in Karnataka, with their founders, funding, team size and business models.

268 company profiles136 with reported revenue83 with recorded fundingSeptember 2026 edition
Karnataka · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent electric vehicles business events in Karnataka

Funding, M&A, contract wins and launches involving 320 electric vehicles companies in Karnataka, last 24 months: 40 funding rounds · 31 launches · 24 Contracts · 7 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
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.

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
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
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
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.

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
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
FundingEquity

Sarla Aviation

Early last year, Sarla Aviation said it raised $10 million in a funding round led by Accel.

Investors Accel
EVTOL / electric aircraft
FundingInvestment

Turno

The UK-headquartered institution also announced a ₹43 crore investment in Turno, an India-based electric vehicle (EV) battery infrastructure company.

Electric Vehicle Battery Infrastructure
ContractService

HOWL Digital · client: Greaves electric mobility

RepresentationalHOWL Digital, one of India’s independent agencies, has been awarded the full stack marketing mandate for Greaves Electric Mobility, a pioneer in the mobility and India’s…

EV Mobility
FundingSeries E

Ultraviolette

Bengaluru-based electric mobility pioneer Ultraviolette has raised $45 million in its ongoing Series E round, with investment participation from Zoho Corporation and Italy-based…

Investors Zoho Corporation, Italy-based Lingotto, Tdk ventures
Electric Mobility
FundingSeries A

3ev industries

Bengaluru-based electric vehicle (EV) OEM, 3ev Industries has bagged ₹120 crore in a Series A funding round led by Mahanagar Gas Limited, which invested ₹96 cr, along with participation…

Investors Mahanagar gas, Equentis Angel Fund, Thackersey Group, HNIs, UHNIs, and family offices
Electric vehicle OEM
M&AAcquisition · Completed

Na acquires Ather energy

National Investment And Infrastructure Fund (NIIF) on Thursday divested nearly a 3 per cent stake in electric two-wheeler maker Ather Energy for Rs 541 crore through open market…

FundingBlock deal

Ather energy

National Investment and Infrastructure Fund II is likely to sell up to 2.34% of its existing total equity stake in Ather Energy Ltd through a block deal. The offer size is valued at up…

Investors National Investment and Infrastructure Fund II
M&ACompleted

Tiger global management acquires Ather energy

Tiger Global Management on Thursday exited Ather Energy by selling its entire 5.09 per cent stake in the electric two-wheeler maker for ₹1,204 crore through open market transactions.

Automotive
FundingAngel

Bullwork Mobility

In 2021, the cleantech startup raised angel funding of $2 million from Mahesh Shetty, Managing Director of Multiplex Group of Companies, after which, Shetty joined Bullwork Mobility as a…

Investors Mahesh Shetty
Cleantech
ContractSupply

Switch mobility · client: Celcius logistics solutions

SWITCH Mobility has entered into a strategic Memorandum of Understanding (MoU) with Celcius Logistics Solutions Pvt Ltd, a leading tech-enabled cold supply chain company in India, to…

Cold chain sector
Funding

Chara technologies

Chara Technologies raised $5.8 million to further its indigenous motor technology

Clean tech
ContractTechnology

Celcius Logistics · client: Switch mobility

Celcius Logistics, a tech-enabled 3PL cold supply chain solutions provider, has signed a Memorandum of Understanding (MoU) with Switch Mobility, the electric vehicle arm of Ashok…

Logistics
ContractSupply

Switch mobility · client: Celcius Logistics

Celcius Logistics, a leading tech-enabled third-party logistics (3PL) cold supply chain solutions provider, has signed a Memorandum of Understanding (MoU) with Switch Mobility, the…

Cold chain logistics
ContractInfrastructure

Kazam · client: Tata motors

To further expand this network, the company has signed MoUs with 13 leading Charging Point Operators — including Charge Zone, Zeon Electric, Kazam, Volttic, and Ampvolts — to add another…

EV charging infrastructure
Funding

Mahindra electric

Mahindra & Mahindra has invested more than Rs 1,700 crore in Mahindra Electric even as its cumulative losses stood in excess of Rs 700 crore in 2019-20.

Electric Vehicles
Funding

Sun mobility

SUN Mobility, an energy infrastructure and battery swapping solutions provider for electric vehicles jointly founded by SUN Group and the Maini Group, has raised $135 million in the last…

Investors Helios Climate, PIDG, IOCL, Vitol
Energy infrastructure
Funding

Ohm mobility

Ohm Mobility raised around INR 5 Cr in its run time from notable investors like Antler India, Blume Ventures, Catalyst Fund, and a few angel investors.

Investors Antler india, Blume ventures, Catalyst Fund, A few angel investors
EV financing and leasing
LaunchNEXO

Emo energy

EMO Energy announced the launch of NEXO, a vertically integrated energy ecosystem designed for last‑mile delivery operations, at its Bengaluru headquarters on June 25, 2025.

Energy ecosystem for quick‑commerce dark stores

Electric vehicles companies in Karnataka, by revenue

Browse electric vehicles companies in Karnataka 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 136 electric vehicles companies in Karnataka 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 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 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

Manufacturer of electric two-wheelers, three-wheelers, and rickshaws for transportation

Electric vehicles
₹674.82 crFY 2024-25
+5%2024–2025
956-51% 12 mo to Jul 2024LinkedIn · Jul 2026
18 yr2008
2postings · last posted Aug 2026

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

Platform offering shared electric two-wheeler rentals

Road transport tech
₹241.88 crFY 2024-25
Not reported
1,094-8% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
2postings · last posted Sep 2026

Manufacturer of electric material handling and people movement equipment

Electric vehicles
₹195.69 crFY 2023-24
-10%2023–2024
391-5% 12 mo to Jul 2024recorded Jul 2024
14 yr2012
0none in 3 months

Provider of electric mobility solutions

Electric vehicles
₹181.58 crFY 2022-23
Not reported
11-78% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

Manufacturer of batteries for electric vehicles, UPS, solar, and telecommunications

Energy storage
₹141.29 crFY 2024-25
+16%2024–2025
35+3% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted May 2026

Platform offering power conversion products and solutions for e-mobility

Energy storage tech
₹129.64 crFY 2024-25
+41%2024–2025
110+54% 12 mo to Aug 2023LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Dec 2025

Online platform offering advanced battery technology solutions for electric vehicles

Energy storage tech
₹110.32 crFY 2023-24
+58%2023–2024
262-26% 12 mo to Jun 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufacturer of electric three-wheelers

Electric vehicles
₹110.28 crFY 2024-25
-8%2024–2025
27LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Operator of transportation network, connecting riders with independent service providers

Electric vehicles
₹103.77 crFY 2024-25
Not reported
1,066+32% 12 mo to Jul 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Manufacturer of EV motors, solar pumps, controllers, and IoT products

Solar energy
₹64.64 crFY 2024-25
+4%2024–2025
90+28% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Developer of software facilitating data analysis and workflow automation processes

Electric vehicles
₹54.48 crFY 2024-25
+205%2024–2025
85+5% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Operator of battery swapping network for electric vehicles and retrofits

Electric vehicles
₹45.48 crFY 2024-25
Not reported
293LinkedIn · Jul 2026
2 yr2024
1postings · last posted Sep 2026

Manufacturer of electric scooters designed for urban and long-distance travel

Electric vehicles
₹44.29 crFY 2024-25
+358%2024–2025
619-43% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of rapid-charging battery, charger, and connector technology for EVs

Energy storage tech
₹44.05 crFY 2024-25
Not reported
301+23% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
3postings · last posted Sep 2026

Platform offering electric vehicle charging and energy management

Electric vehicles
₹39.84 crFY 2024-25
+240%2024–2025
352LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of data and energy infrastructure for electric vehicle charging

Iot applications
₹36.54 crFY 2023-24
+72%2023–2024
7LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure

Electric vehicles
₹36.15 crFY 2024-25
Not reported
552+21% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Developer of electric vehicles and energy solutions for transportation needs

Electric vehicles
₹31.13 crFY 2024-25
+463%2024–2025
108-38% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of electric shuttles

Electric vehicles
₹27.58 crFY 2024-25
+4%2024–2025
—Not available
9 yr2017
0none in 3 months

Provider of high-performance electric mobility solutions

Electric vehicles
₹26.85 crFY 2024-25
Not reported
110LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Apr 2026

Online electric two-wheeler rental platform for delivery professionals

Electric vehicles
₹25.97 crFY 2024-25
+50%2024–2025
42-87% 12 mo to Mar 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jun 2026

Developer of accounting software for businesses

Orthopedics
₹23.38 crFY 2024-25
+3%2024–2025
—Not available
21 yr2005
0none in 3 months
50 of 268 companies shown here · the full list is on Radar
Fliar Radar

Explore all 268 electric vehicles companies in Karnataka on Radar

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

Open electric vehicles in Karnataka on Radar
  • Every company, not just 50All 268 electric vehicles companies in Karnataka, 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.
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Explore electric vehicles companies in Karnataka by what you are looking for

Browse the top electric vehicles companies in Karnataka, from electric scooter makers to battery and charging providers. You can also find electric vehicles startups in Karnataka and companies hiring now.

9 ways to explore electric vehicles in Karnataka

Electric scooter, bike & vehicle manufacturersEV battery & battery swapping companiesEV charging station companiesEV rental, fleet & subscription companiesEV components & powertrain makersEV marketplaces, retailers & financing

Electric scooter, bike & vehicle manufacturers

Makers of electric two-wheelers, three-wheelers and other electric vehicles.

  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. Greaves Electric Mobility

    Manufacturer of electric two-wheelers, three-wheelers, and rickshaws for transportation

    Electric vehicles
    See in list
  4. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  5. Yulu

    Platform offering shared electric two-wheeler rentals

    Road transport tech
    See in list

EV battery & battery swapping companies

Providers of EV batteries, battery management and swapping networks.

  1. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  2. Relicell Battery

    Manufacturer of batteries for electric vehicles, UPS, solar, and telecommunications

    Energy storage
    See in list
  3. IPEC

    Platform offering power conversion products and solutions for e-mobility

    Energy storage tech
    See in list
  4. Log9

    Online platform offering advanced battery technology solutions for electric vehicles

    Energy storage tech
    See in list
  5. Exponent Energy

    Provider of rapid-charging battery, charger, and connector technology for EVs

    Energy storage tech
    See in list

EV charging station companies

Operators and makers of electric vehicle chargers and charging networks.

  1. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  2. Kazam

    Platform offering electric vehicle charging and energy management

    Electric vehicles
    See in list
  3. ElectricPe

    Retailer of electric vehicles, charging solutions, and related accessories

    Auto e-commerce & content
    See in list
  4. Dynolt

    Power electronics solutions for the clean energy sector

    Energy storage tech
    See in list
  5. Ultrafast Chargers

    Manufacturer of electric fast chargers

    Energy storage tech
    See in list
46 companies in Karnataka

EV rental, fleet & subscription companies

Platforms for renting or subscribing to electric vehicles and running EV fleets.

  1. Yulu

    Platform offering shared electric two-wheeler rentals

    Road transport tech
    See in list
  2. Green Drive Mobility

    Online electric two-wheeler rental platform for delivery professionals

    Electric vehicles
    See in list
  3. EV91Technologies

    EV aggregator company providing multi-category electric mobility

    Road transport tech
    See in list
  4. FAE

    Provider of electric scooter rentals and business delivery solutions

    Electric vehicles
    See in list
  5. Scoo EV

    Electric vehicle rental platform

    Electric vehicles
    See in list

EV components & powertrain makers

Manufacturers of motors, controllers and drive systems for electric vehicles.

  1. Virya Mobility

    Provider of electric mobility solutions

    Electric vehicles
    See in list
  2. Log9

    Online platform offering advanced battery technology solutions for electric vehicles

    Energy storage tech
    See in list
  3. TIEA

    Manufacturer of automotive electrical and electronic systems

    Auto components
    See in list
  4. Physics Motors

    Designs & manufactures electric vehicle drive train systems

    Electric vehicles
    See in list
  5. Meher Group

    Industrial product manufacturing

    Electric vehicles
    Website

EV marketplaces, retailers & financing

Places to buy, finance and service electric vehicles.

  1. Turno

    Operator of an online electric vehicle marketplace

    Auto retail & aftersales
    See in list
  2. ElectricPe

    Retailer of electric vehicles, charging solutions, and related accessories

    Auto e-commerce & content
    See in list
  3. VidyutTech

    Provider of platform offering electric vehicles financing

    Auto e-commerce & content
    See in list
  4. Blive

    Provider of electric vehicle fleet rentals, charging, and management solutions

    Electric vehicles
    Website
  5. Welectric

    Platform offering multi-brand electric two-wheeler lifecycle solutions

    Electric vehicles
    Website

Electric aircraft & flying vehicle companies

Developers of electric air taxis and eVTOL aircraft.

  1. Leap Aeronautics

    Developer of electric aircraft platform for air taxi and logistics

    Flying cars
    See in list
  2. Sarla Aviation

    Developer of electric vertical take-off and landing aircraft for passenger transport

    Electric vehicles
    Website
  3. Bee Flights

    Manufacturer of e-VTOL aircraft

    Electric vehicles
    Website
  4. Aexo Aerospace

    Manufacturer of eVTOLs

    Electric vehicles
    Website

Electric vehicles startups in Karnataka

Recently founded electric vehicles companies in Karnataka.

  1. Indofast Energy

    Operator of battery swapping network for electric vehicles and retrofits

    Electric vehicles
    See in list
  2. Fabric IoT

    Provider of data and energy infrastructure for electric vehicle charging

    Iot applications
    See in list
  3. Zeno

    Provider of high-performance electric mobility solutions

    Electric vehicles
    See in list
  4. EV91Technologies

    EV aggregator company providing multi-category electric mobility

    Road transport tech
    See in list
  5. Turno

    Operator of an online electric vehicle marketplace

    Auto retail & aftersales
    See in list
69 companies in Karnataka

Electric vehicles companies hiring in Karnataka

Electric vehicles companies in Karnataka with open roles.

  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. Greaves Electric Mobility

    Manufacturer of electric two-wheelers, three-wheelers, and rickshaws for transportation

    Electric vehicles
    See in list
  4. Yulu

    Platform offering shared electric two-wheeler rentals

    Road transport tech
    See in list
  5. Relicell Battery

    Manufacturer of batteries for electric vehicles, UPS, solar, and telecommunications

    Energy storage
    See in list
26 companies in Karnataka
Mobile reach

Top 10 electric vehicles apps from Karnataka

The most-installed Android apps published by electric vehicles companies headquartered in Karnataka — 14.6M installs between them. 59 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

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
5

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
6

MetroRide India

by MetroRide

Installs242K
Rating—
Installs, year on year+9%
Last updatedMay 2026
View on Google Play ↗
MetroRide India screenshot 1MetroRide India screenshot 2MetroRide India screenshot 3MetroRide India screenshot 4MetroRide India screenshot 5MetroRide India screenshot 6
7

Kazam EV Charging

by Kazam

Installs230K
Rating—
Last updatedMar 2026
View on Google Play ↗
Kazam EV Charging screenshot 1Kazam EV Charging screenshot 2Kazam EV Charging screenshot 3Kazam EV Charging screenshot 4Kazam EV Charging screenshot 5Kazam EV Charging screenshot 6
8

Tilt: Shared bikes & e-bikes

by Tilt

Installs209K
Rating4.672K ratings
Installs, year on year+37%
Last updatedMar 2026
View on Google Play ↗
Tilt: Shared bikes & e-bikes screenshot 1Tilt: Shared bikes & e-bikes screenshot 2Tilt: Shared bikes & e-bikes screenshot 3Tilt: Shared bikes & e-bikes screenshot 4Tilt: Shared bikes & e-bikes screenshot 5
10

IONAGE - EV Charging App

by Ionage

Installs70K
Rating—
Last updatedMay 2026
View on Google Play ↗
IONAGE - EV Charging App screenshot 1IONAGE - EV Charging App screenshot 2IONAGE - EV Charging App screenshot 3IONAGE - EV Charging App screenshot 4IONAGE - EV Charging App screenshot 5
The business behind the activity

Electric vehicles financials in Karnataka

Revenue, profit and growth from the filed annual accounts of 111 electric vehicles companies in Karnataka for FY24-25 — 146 of the 268 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 75% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,693.89 cr

111 companies filing accounts

combined net profit−₹2,122.16 cr

-45.2% aggregate margin

are profitable26%

29 of 111 companies

median revenue~₹1.4 cr

the typical company

median revenue growth+46%

into FY24-25

earned by the top five75%

revenue concentration

Six-year view

Combined revenue of filing companies

₹836.37 crFY19-2040 filers
₹879.83 crFY20-2161 filers
₹1,917.93 crFY21-2277 filers
₹4,356.06 crFY22-2392 filers
₹3,955.30 crFY23-24112 filers
₹4,693.89 crFY24-25111 filers

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

Like-for-like

The same 71 companies over three years

+6%
FY22-23₹4,110.52 cr−₹1,248.49 cr net
FY23-24₹3,399.48 cr−₹2,481.00 cr net
FY24-25₹4,370.68 cr−₹1,695.34 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 cr4927% profitable
₹1–10 cr3421% profitable
₹10–100 cr1937% profitable
₹100–1,000 cr825% 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

Shrinking34
0–20%9
20–50%4
50–100%13
Doubled+34

94 companies with accounts for both years; median growth +46%.

Profitability

Profit is concentrated at the top

29profitable
82loss-making
-45.2%aggregate margin
-47.4%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
Physics MotorsPHYSICS MOTORS TECHNOLOGY PRIVATE LIMITED
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED+521%₹34.34 cr
Simpl EnergySIMPLEENERGY PRIVATE LIMITED+358%₹44.29 cr
ElectricPeWATTAPP TECHNOLOGIES PRIVATE LIMITED
Emo EnergyMESTIS ENERGY PRIVATE LIMITED
KazamKAZAM EV TECH PRIVATE LIMITED+240%₹39.84 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED15.8%₹34.34 cr
Ostrich MobilityOSTRICH MOBILITY INSTRUMENTS PRIVATE LIMITED5.9%₹23.38 cr
TruePowerENERCENT TECHNOLOGIES PRIVATE LIMITED
Relicell BatteryGREENVISION TECHNOLOGIES PRIVATE LIMITED3.3%₹141.29 cr
Mecwin TechnologiesMECWIN TECHNOLOGIES INDIA PRIVATE LIMITED2.8%₹65.24 cr
Green Drive Mobility, Greendrive MotorsGREEN DRIVE AUTO SERVICES PRIVATE LIMITED1.9%₹25.97 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles71₹3,905.22 cr~₹1.0 cr28%-47.3%
Energy storage tech17₹217.31 cr~₹1.5 cr24%-42.0%
Auto components6₹36.19 cr~₹2.8 cr17%-33.3%
Leaders

Largest electric vehicles companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Ather EnergyAther Energy Limited₹2,305.20 cr−₹812.30 cr-35.2%+29%
Greaves Electric MobilityGreaves Electric Mobility Limited₹471.90 cr−₹174.10 cr-36.9%+1%
SUN MobilitySun Mobility Private Limited₹334.84 cr−₹92.43 cr-27.6%+17%
YuluYULU BIKES PRIVATE LIMITED₹228.63 cr−₹108.56 cr-47.5%+99%
Ola ElectricOla Electric Mobility Limited₹195.00 cr−₹40.00 cr-20.5%-3%
Relicell BatteryGREENVISION TECHNOLOGIES PRIVATE LIMITED₹141.29 cr₹4.61 cr3.3%+16%
IPECIPEC INDIA PRIVATE LIMITED₹129.64 cr−₹7.69 cr-5.9%+41%
HDA MotorsHDA MOTORS PRIVATE LIMITED₹110.28 cr₹10.81 lakh0.1%-8%
RideriverRIVER MOBILITY PRIVATE LIMITED₹103.77 cr−₹195.71 cr-188.6%>10×
Mecwin TechnologiesMECWIN TECHNOLOGIES INDIA PRIVATE LIMITED₹65.24 cr₹1.85 cr2.8%+5%
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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 Karnataka 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 Karnataka
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 Karnataka 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, Karnataka7

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 Karnataka

4Acquisition
2Merger
1Completed

Most active acquirers

  1. Na1
  2. Tiger global management1
  3. Optare1
  4. Lithium urban technologies1
  5. River1

Most acquired or merged

  1. Ather energy2
  2. Switch mobility1
  3. Blusmart1
  4. Wind1
  5. Lithium urban technologies1

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 Karnataka

83 electric vehicles companies in Karnataka have recorded equity funding, US$2.83bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Karnataka

Meet the people behind electric vehicles companies in Karnataka. 193 of 268 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Karnataka electric vehicles companies by sub-sector

The most common specialisations among electric vehicles companies in Karnataka. 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