Radar · Electric Vehicles in Mumbai
Best Electric Vehicles Companies in Mumbai, India
The 88 best Electric Vehicles companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Tata Passenger Electric Mobility.
By Riya SenguptaFinancials
88companies tracked
$1.7Bdisclosed funding
1unicorns
29have raised
FLIAR INTELLIGENCE · ELECTRIC VEHICLES × MUMBAI
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
617kcombined LinkedIn audience
72%of audience held by top 3
6companies hiring publicly (12 mo)
Ranked: Best Electric Vehicles companies in Mumbai
| # | Company | Revenue | Revenue YoY | Disclosed funding | Founder | Employees | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Mahindra Electric Automobile 🦄 Manufacturer of electric vehicles, components, and related technology solutions 62Moat top 17%Funding top 21%Market top 23%Innovation top 28% All 11 signals ▾Moattop 17% Fundingtop 21% Markettop 23% Innovationtop 28% Patentstop 28% Fin. healthtop 29% Partnerstop 45% Talentbottom 49% Globalbottom 40% Newsbottom 24% Growthbottom 10% Moat: Top 1% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 4/10 Funding: Raised $145M across 1 rounds · 1 rounds over 3 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $19.1B FY2025 | — | $145M | Anish Shah CEO & MD | 25 | — | — |
| 2 | Tata Passenger Electric Mobility Manufacturer of electric cars 79Market top 1%Growth top 14%Fin. health top 21%Funding top 24% All 5 signals ▾Markettop 1% Growthtop 14% Fin. healthtop 21% Fundingtop 24% Globalbottom 45% Market: 33,565 employees (top 1% of Electric Vehicles) · Revenue ~$1.8B Growth: Revenue +47% YoY rank vs industry peers · Fliar Intelligence Index 79/100 | $1.8B FY2025 | +47% | $955M | — | 33,565 | — | 4 launchs |
| 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 | Battrixx Developer of lithium-ion battery packs for multi-cateory electric vehicles 50Moat top 24%Market top 33%Fin. health top 39%Growth top 50% All 9 signals ▾Moattop 24% Markettop 33% Fin. healthtop 39% Growthtop 50% Talentbottom 49% Techbottom 39% Productbottom 33% Globalbottom 30% Newsbottom 27% Moat: Top 1% by revenue among 393 tracked Energy Storage Tech companies · Editorial + unicorn rating 3/10 Market: 40 employees (top 43% of Electric Vehicles) · Revenue ~$57.9M rank vs industry peers · Fliar Intelligence Index 50/100 | $58M FY2025 | -20% | — | Anand Kabra Founder & Managing Director | 40 | PHPBootstrapcore-js+10 | — |
| 5 | BGauss Manufacturer of electric scooters designed for urban and developing environments 80Market top 23%Moat top 23%Tech top 25%Fin. health top 25% All 11 signals ▾Markettop 23% Moattop 23% Techtop 25% Fin. healthtop 25% Fundingtop 34% Innovationtop 35% Growthtop 42% Producttop 47% Talentbottom 49% Globalbottom 32% Newsbottom 24% Market: 567 employees (top 3% of Electric Vehicles) · Revenue ~$28.3M Moat: Top 5% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 80/100 | $28M FY2025 | +34% | $7M | Hemant Kabra Founder & MD | 567 567 → 499 (-12%) | WordPressMySQLPHP+33 | — |
| 6 | 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%) | DrupalPHPBootstrap+16 | — |
| 7 | 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%) | WordPressMySQLZoho+20 | 1 launch · 1 award |
| 8 | Lords Automative Manufacturer of electric scooters 67Fin. health top 25%Moat top 27%Growth top 33%Market top 36% All 8 signals ▾Fin. healthtop 25% Moattop 27% Growthtop 33% Markettop 36% Talenttop 38% Fundingbottom 47% Techbottom 45% Globalbottom 37% Fin. health: Revenue ~$6.1M (FY2021) · Net margin 8.7% Moat: Top 16% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 67/100 | $6M FY2025 | +18% | — | Veer Singh CEO | 57 57 → 87 (+53%) | WordPress Block EditorElementorCart Functionality+22 | 2 job openings · 1 internship · 2 launchs |
| 9 | Cab-eez Operator of a technology platform providing all-electric vehicle cab booking services 57Growth top 22%Innovation top 34%Moat top 35%Product top 37% All 12 signals ▾Growthtop 22% Innovationtop 34% Moattop 35% Producttop 37% Talenttop 38% Customerstop 45% Fundingtop 47% Fin. healthtop 48% Marketbottom 43% Techbottom 37% Partnersbottom 35% Globalbottom 32% Growth: Revenue +142% YoY · Web rank 10,000,000 → 50,000,000 YoY Innovation: 4 product lines rank vs industry peers · Fliar Intelligence Index 57/100 | $4M FY2025 | +142% | $5M | Indraneel Chakravarty Co-Founder & COO & CHRO | 17 | YouTubeBootstrapApache HTTP Server+17 | — |
| 10 | Apple Energy Provider of batteries and chargers 64Innovation top 36%Fin. health top 40%Growth top 41%Tech top 42% All 9 signals ▾Innovationtop 36% Fin. healthtop 40% Growthtop 41% Techtop 42% Talenttop 45% Markettop 46% Moattop 46% Producttop 49% Globalbottom 25% Innovation: 9 product lines Fin. health: Revenue ~$1.8M (FY2018) · Net margin 1.3% rank vs industry peers · Fliar Intelligence Index 64/100 | $2M FY2025 | +6% | — | Aurovindo Jati Founder | 32 | BootstrapLiteSpeedjQuery UI+9 | — |
| 11 | eBikeGo Manufacturer of electric two and three-wheeled vehicles for various applications 32Talent top 28%Tech top 32%Moat top 36%Funding bottom 49% All 10 signals ▾Talenttop 28% Techtop 32% Moattop 36% Fundingbottom 49% Marketbottom 41% Growthbottom 39% Globalbottom 39% Productbottom 39% Newsbottom 32% Fin. healthbottom 23% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Tech: 47 technologies across 4/8 capability areas · Cloud: Cloudflare, Vercel rank vs industry peers · Fliar Intelligence Index 32/100 | $617K FY2024 | -11% | $7M | Hari Kiran Co-Founder & COO | — | WordPressMySQLPHP+25 | — |
| 12 | Dexpress Manufacturer of electric cargo two-wheelers 64Fin. health top 34%Innovation top 40%Market top 44%Moat bottom 47% All 6 signals ▾Fin. healthtop 34% Innovationtop 40% Markettop 44% Moatbottom 47% Productbottom 41% Globalbottom 25% Fin. health: Revenue ~$590k Innovation: 2 product lines rank vs industry peers · Fliar Intelligence Index 64/100 | $590K FY2021 | — | — | — | — | — | — |
| 13 | Pulse Energy Platform offering for electric vehicle charger management 62Growth top 28%Tech top 28%Talent top 28%Funding top 38% All 11 signals ▾Growthtop 28% Techtop 28% Talenttop 28% Fundingtop 38% Partnerstop 45% Moattop 47% Producttop 49% Marketbottom 49% Fin. healthbottom 41% Globalbottom 32% Newsbottom 21% Growth: Web rank 5,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo Tech: 34 technologies across 6/8 capability areas · Cloud: Amazon Ses, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 62/100 | $463K FY2025 | — | $2M | Devang Mistry Co-Founder & Tech Lead | — | SentryAceApexCharts.js+17 | 1 job opening |
| 14 | Nexzu Mobility Manufacturer of electric bicycles and related parts and accessories for sale 62Growth top 28%Tech top 37%Talent top 38%Fin. health top 42% All 9 signals ▾Growthtop 28% Techtop 37% Talenttop 38% Fin. healthtop 42% Moattop 45% Markettop 47% Fundingbottom 47% Globalbottom 30% Newsbottom 22% Growth: Revenue +550% YoY · Web rank 5,000,000 → 10,000,000 YoY Tech: 56 technologies across 3/8 capability areas · Cloud: Amazon S3, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 62/100 | $454K FY2025 | +550% | $2M | Atulya Mittal Co-Founder | 61 | Master SliderCart FunctionalityWooCommerce+39 | 1 launch |
| 15 | Bijlify Provider of SaaS-driven station management solutions for EV charging stations 45Talent top 25%Growth top 40%Moat bottom 47%Market bottom 44% All 8 signals ▾Talenttop 25% Growthtop 40% Moatbottom 47% Marketbottom 44% Fin. healthbottom 42% Productbottom 33% Techbottom 32% Globalbottom 25% Talent: 5 named leaders on record Growth: Revenue +2% YoY rank vs industry peers · Fliar Intelligence Index 45/100 | $436K FY2025 | +2% | — | Rahul Patil Founder & CTO | — | ReactAmazon Web ServicesWhatsApp Business Chat+3 | 3 expansions |
| 16 | Vajram Electric Manufacturer of electric two-wheelers, three-wheelers, smart wheelchairs, and trikes 60Growth top 25%Talent top 28%Fin. health top 46%Funding top 47% All 9 signals ▾Growthtop 25% Talenttop 28% Fin. healthtop 46% Fundingtop 47% Moattop 47% Techtop 49% Marketbottom 47% Globalbottom 30% Newsbottom 21% Growth: Headcount 9 → 34 (+278%) across vintages · Revenue +1699% YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $294K FY2025 | +1699% | $2M | Tenali Irfan Co-Founder | 34 | WordPressMySQLPHP+19 | — |
| 17 | Trueno App-based platform offering electric scooter subscription services 60Growth top 5%Fin. health top 29%Moat bottom 46%Talent bottom 45% All 9 signals ▾Growthtop 5% Fin. healthtop 29% Moatbottom 46% Talentbottom 45% Productbottom 40% Marketbottom 37% Fundingbottom 35% Techbottom 34% Globalbottom 29% Growth: Revenue +149% YoY Fin. health: Revenue ~$222k (FY2023) · Net margin 9.0% rank vs industry peers · Fliar Intelligence Index 60/100 | $222K FY2025 | +149% | $89K | Somil Jain Founder | — | CloudflarecdnjsNetlify+7 | — |
| 18 | BrightBlu Smart electric vehicle charging solutions provider 37Talent top 28%Fin. health top 40%Tech top 42%Moat top 50% All 10 signals ▾Talenttop 28% Fin. healthtop 40% Techtop 42% Moattop 50% Fundingbottom 46% Productbottom 40% Globalbottom 37% Marketbottom 35% Growthbottom 35% Newsbottom 22% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Fin. health: Revenue ~$194k (FY2022) · Net margin 9.4% rank vs industry peers · Fliar Intelligence Index 37/100 | $194K FY2024 | — | $2M | Santosh Somasundaram Co-Founder & Head of Product Engineering | 11 | WordPressMySQLPHP+27 | — |
| 19 | PlugO Subscription-based online rental platform for power banks 45Growth top 22%Talent top 38%Fin. health top 47%Moat top 50% All 10 signals ▾Growthtop 22% Talenttop 38% Fin. healthtop 47% Moattop 50% Techbottom 47% Productbottom 40% Fundingbottom 35% Marketbottom 33% Globalbottom 32% Newsbottom 27% Growth: Revenue +180% YoY · Web rank 5,000,000 → 50,000,000 YoY Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 45/100 | $190K FY2025 | +180% | — | Nawal Lodha Co-Founder & CTO | 5 | WordPressMySQLPHP+24 | — |
| 20 | Liger Mobility Manufacture of electric scooters 60Growth top 31%Tech top 36%Fin. health top 45%Talent top 45% All 8 signals ▾Growthtop 31% Techtop 36% Fin. healthtop 45% Talenttop 45% Fundingbottom 49% Moatbottom 49% Marketbottom 42% Globalbottom 29% Growth: Revenue +35% YoY Tech: 35 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 60/100 | $163K FY2025 | +35% | $662K | Vikas Poddar Co-Founder | 20 20 → 19 (-5%) | WordPressMySQLPHP+31 | 5 job openings |
| 21 | 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 |
| 22 | VTOL Aviation Manufacturer of unmanned aerial vehicles, subsystems, and multi-seater air taxis 40Growth top 30%Moat top 36%Funding top 43%Fin. health top 50% All 8 signals ▾Growthtop 30% Moattop 36% Fundingtop 43% Fin. healthtop 50% Talentbottom 49% Techbottom 39% Marketbottom 33% Globalbottom 30% Growth: Revenue +123% YoY · Fresh capital in last 24 mo Moat: Top 29% by revenue among 17 tracked Aerospace Tech companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 40/100 | $120K FY2025 | +123% | $3M | Kalyan Chowdhury Founder & MD | 2 | Google MapsBootstrapLiteSpeed+13 | 9 launchs |
| 23 | Energy In Motion Provider of electric tractors, battery swapping, and charging infrastructure services 19Growth top 45%Talent bottom 49%Global bottom 34%Market bottom 33% All 6 signals ▾Growthtop 45% Talentbottom 49% Globalbottom 34% Marketbottom 33% Techbottom 33% Fin. healthbottom 27% Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 19/100 | $98K FY2025 | — | — | Narendra Murkumbi CEO & Managing Director | — | BootstrapApache HTTP ServerAOS+6 | 1 expansion |
| 24 | Magnes Manufacturer of electric bicycles 16Funding bottom 46%Talent bottom 45%Moat bottom 43%Global bottom 36% All 7 signals ▾Fundingbottom 46% Talentbottom 45% Moatbottom 43% Globalbottom 36% Fin. healthbottom 34% Marketbottom 33% Techbottom 28% Funding: 1 rounds over 3 yrs (0.3/yr) · Last round Seed (May 2023) Talent: 1 named leader on record rank vs industry peers · Fliar Intelligence Index 16/100 | $77K FY2023 | — | — | Sunit Shah Co-Founder & CEO | — | — | — |
| 25 | Astro Motors Manufacturers of electric three wheelers for logistics 53Growth top 14%Talent top 28%Tech top 41%Fin. health bottom 46% All 9 signals ▾Growthtop 14% Talenttop 28% Techtop 41% Fin. healthbottom 46% Fundingbottom 45% Moatbottom 41% Newsbottom 34% Globalbottom 32% Marketbottom 29% Growth: Revenue +931% YoY · Web rank 10,000,000 → 5,000,000 YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 53/100 | $53K FY2025 | +931% | $217K | Kunal Chandra Co-Founder | — | WordPressMySQLPHP+30 | — |
| 26 | Earth Energy Developer of smart electric motorcycles 13Talent top 45%Funding bottom 45%Moat bottom 37%Global bottom 36% All 9 signals ▾Talenttop 45% Fundingbottom 45% Moatbottom 37% Globalbottom 36% Growthbottom 35% Marketbottom 33% Techbottom 30% Newsbottom 22% Fin. healthbottom 18% Talent: 2 named leaders on record Funding: 1 rounds over 6 yrs (0.2/yr) · Last round Seed (Jul 2020) rank vs industry peers · Fliar Intelligence Index 13/100 | $32K FY2022 | -69% | — | Rushi Shenghani Co-Founder | 27 | — | 1 launch |
| 27 | Earth Energy EV Manufacturer of electric scooters 10Talent top 38%Moat bottom 37%Growth bottom 35%Market bottom 33% All 6 signals ▾Talenttop 38% Moatbottom 37% Growthbottom 35% Marketbottom 33% Globalbottom 30% Fin. healthbottom 18% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Moat: Top 74% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 10/100 | $32K FY2022 | -69% | — | Suresh Shenghani Co-Founder | 24 | — | — |
| 28 | Greenie Energy Operator of electric vehicle charging station 35Growth top 21%Talent top 28%Funding top 50%Fin. health bottom 43% All 9 signals ▾Growthtop 21% Talenttop 28% Fundingtop 50% Fin. healthbottom 43% Productbottom 40% Globalbottom 32% Techbottom 30% Moatbottom 25% Marketbottom 20% Growth: Revenue +352% YoY · Fresh capital in last 24 mo Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $20K FY2025 | +352% | $682K | Yaser Farid Co-Founder | — | Cloudflarecdnjscore-js+6 | — |
| 29 | Accelo Developer of self-driving technologies for shuttles 14Talent top 38%Tech bottom 48%Funding bottom 42%Growth bottom 37% All 8 signals ▾Talenttop 38% Techbottom 48% Fundingbottom 42% Growthbottom 37% Globalbottom 37% Moatbottom 34% Fin. healthbottom 26% Marketbottom 21% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Tech: 14 technologies across 3/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn rank vs industry peers · Fliar Intelligence Index 14/100 | $18K FY2025 | -2% | $140K | Arbaz Reza Co-Founder & CEO | — | — | — |
| 30 | CTech Developer of eco-friendly, marketable products from research technologies. 4Talent bottom 45%Global bottom 29%Moat bottom 29%Market bottom 22% All 6 signals ▾Talentbottom 45% Globalbottom 29% Moatbottom 29% Marketbottom 22% Fin. healthbottom 15% Growthbottom 8% Talent: 1 named leader on record Global: Single-market focus (India) rank vs industry peers · Fliar Intelligence Index 4/100 | $18K FY2025 | -39% | — | Kishor Munshi Founder & Director | — | — | — |
| 31 | Calamus Electric vehicle and technology company that designs and manufactures e-bikes 7Talent top 38%Global bottom 37%Growth bottom 35%Moat bottom 28% All 6 signals ▾Talenttop 38% Globalbottom 37% Growthbottom 35% Moatbottom 28% Marketbottom 21% Fin. healthbottom 15% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Global: Legal entities in 2 countries: Germany, India rank vs industry peers · Fliar Intelligence Index 7/100 | $17K FY2025 | -98% | — | Huzaifa Hararwala Co-Founder & CTO | — | — | — |
| 32 | Strom Motors Developer of electric cars 13Talent top 28%Innovation top 49%Patents top 49%Funding bottom 42% All 10 signals ▾Talenttop 28% Innovationtop 49% Patentstop 49% Fundingbottom 42% Globalbottom 42% Moatbottom 39% Techbottom 23% Newsbottom 22% Marketbottom 20% Fin. healthbottom 17% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Innovation: 3 patents (top 91% of patent-holders) · 3 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 13/100 | $16K FY2023 | — | $681K | RajendraKumar Gupta Founder | 7 | — | — |
Top 12 Electric Vehicles companies in Mumbai
#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 — 6.2% of this cohort's audience
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 · Mumbai, Maharashtra · founded 2022 · 208 employees$10.8Mraised▾
Series B · Mumbai, Maharashtra · founded 2022 · 208 employees
Financial solutions for the electric vehicle, solar, and SME sectors. It offers funding for the full life-cycle of electric two- and three-wheelers. It provides financial products for rooftop solar installations. It offers solutions for purchasing electric scooters and bikes, featuring flexible EMIs, customizable loan tenures, digital application processes, and value-added services such as annual maintenance contracts and asset buyback options.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Growth
top 16%News
top 19%Moat
top 26%Funding
top 30%Talent
top 38%Market
top 39%Growth: Headcount 119 → 208 (+75%) across vintages · Revenue +206% YoY · Web rank 5,000,000 → 1,000,000 YoY
News: 6 BI events in 12 mo (of 17 tracked, 5 types) · +200% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Moat: Top 11% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 20k LinkedIn followers — 3.2% of this cohort's audience
Funding rounds
- May 2026Conventional Debt$15M
- Mar 2026Series B$54.7M
- Mar 2025Conventional Debt$12.5M
- Jan 2024Series B$10.8M
Founders & team
Investors
FMO, Impact Fund Denmark, British International Investment, Finnfund, EverSource Capital, Mirova
Tech stack
AddtoanyAmazon SesAmazon Web ServicesAosApache Http ServerBootstrap
#3
Seed · Mumbai, Maharashtra · founded 2023$2Mraised▾
Seed · Mumbai, Maharashtra · founded 2023
Financing platform for electric mobility. It is building a full-stack digital financing platform to enable seamless flow of credit from lenders to individuals, fleet operators, dealers, and OEMs, driving widespread adoption of electric vehicles across Bharat for a sustainable future.
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Growth
top 21%Talent
top 28%Funding
top 44%Moat
bottom 40%Fin. health
bottom 39%Global
bottom 37%Growth: Revenue +57761% YoY · Fresh capital in last 24 mo
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Funding: Raised $2.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Seed (Apr 2026)
Audience (LinkedIn): 4k LinkedIn followers
Hiring (LinkedIn): 7 hiring posts in 12 mo (public) · momentum +7 · hiring: Credit Underwriter, Product Manager
Activity (LinkedIn): 1 partnerships (incl. Eastman Auto & Power Limited) announced in 12 mo
Funding rounds
- Apr 2026Seed$341.8K
- May 2024Seed$2M
Founders & team
Investors
Beenext, Sparrow Capital, All In Capital, DeVC, Huddle Ventures, Z47
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAosGsapMicrosoft 365
#4
Series A · Mumbai, Maharashtra · founded 2018 · 56 employees$4.8Mraised▾
Series A · Mumbai, Maharashtra · founded 2018 · 56 employees
Manufacturer of lithium-ion batteries for electric vehicles and energy storage. The company provides batteries for two-wheelers, three-wheelers, light commercial vehicles, and e-tractors. It also offers custom battery packs for industrial and renewable energy applications. The company’s batteries feature battery management systems, thermal protection, and safety protocols.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Fin. health
top 23%Moat
top 24%Growth
top 27%Funding
top 31%Tech
top 32%News
top 36%Fin. health: Revenue ~$12.6M (FY2023) · Net margin 0.7% · Revenue +68% YoY
Moat: Top 5% by revenue among 393 tracked Energy Storage Tech companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Growth: Headcount 35 → 56 (+60%) across vintages · Revenue +68% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 12k LinkedIn followers · 46 engagements/post (1.8× cohort median)
Activity (LinkedIn): 1 product launches · 1 awards announced in 12 mo
Funding rounds
- Aug 2025Series A$3.5M
- Jun 2025Series A$695.5K
- Aug 2024Series A$2.4M
- May 2023Seed$3M
Founders & team
Investors
Equanimity Investments, Rajiv Dadlani Group, Chona Family Office, Kayenne Ventures, NISA Family Trust, Laxmi Investments
Tech stack
BootstrapCdnjsCloudflareFont AwesomeGoogle AnalyticsGoogle Cloud
#5
Series D · Mumbai, Maharashtra · founded 2021 · 33565 employees$955.4Mraised▾
Series D · Mumbai, Maharashtra · founded 2021 · 33565 employees
Manufacturer of electric cars
Fliar Intelligence Index™ 79how this company ranks against its industry peers
Market
top 1%Growth
top 14%Fin. health
top 21%Funding
top 24%Global
bottom 45%Market: 33,565 employees (top 1% of Electric Vehicles) · Revenue ~$1.8B · ~14% of tracked Electric Vehicles revenue (625 cos, FY2025)
Growth: Revenue +47% YoY
Fin. health: Revenue ~$1.8B (FY2024) · Net margin 1.1% · Revenue +47% YoY
Audience (LinkedIn): 369k LinkedIn followers — 59.9% of this cohort's audience
Activity (LinkedIn): 4 product launches announced in 12 mo
Funding rounds
- Jan 2023Series D$459.8M
- Mar 2022Series D$495.7M
Investors
The Rise Fund
#6
Seed · Mumbai, Maharashtra · founded 2017 · 2 employees$3.1Mraised▾
Seed · Mumbai, Maharashtra · founded 2017 · 2 employees
Manufacturer of unmanned aerial vehicles, subsystems, and multi-seater air taxis. The company focuses on design, development, and manufacturing for defense and civil applications. It offers solutions for aerial mapping, infrastructure inspection, environmental management, and disaster response. The company also provides drones for mining, geological surveys, asset monitoring, and facility monitoring.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Growth
top 30%Moat
top 36%Funding
top 43%Fin. health
top 50%Talent
bottom 49%Tech
bottom 39%Growth: Revenue +123% YoY · Fresh capital in last 24 mo
Moat: Top 29% by revenue among 17 tracked Aerospace Tech companies · Editorial + unicorn rating 4/10
Funding: Raised $3.1M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Angel (Jul 2025)
Audience (LinkedIn): 13k LinkedIn followers — 2.1% of this cohort's audience
Activity (LinkedIn): 9 product launches announced in 12 mo
Funding rounds
- Jul 2025Angel$3.1M
Founders & team
Investors
Trancemarine and Confreight Logistics
Tech stack
BootstrapFont AwesomeGoogle AnalyticsGoogle Font ApiGoogle MapsGoogle Tag Manager
#7
Series A · Mumbai, Maharashtra · founded 2020 · 567 employees$7.3Mraised▾
Series A · Mumbai, Maharashtra · founded 2020 · 567 employees
Manufacturer of electric scooters designed for urban and developing environments. The company focuses on electric automobiles with fluid designs and quick charging capabilities. These vehicles offer ease, comfort, low maintenance, and power. The company aims to provide sensible and efficient products enhanced by technology and innovation.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Market
top 23%Moat
top 23%Tech
top 25%Fin. health
top 25%Funding
top 34%Innovation
top 35%Market: 567 employees (top 3% of Electric Vehicles) · Revenue ~$28.3M · Top 5% by revenue among 625 tracked Electric Vehicles peers
Moat: Top 5% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Tech: 57 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services · Devops: Nginx
Audience (LinkedIn): 14k LinkedIn followers — 2.2% of this cohort's audience · 41 engagements/post (1.6× cohort median)
Funding rounds
- Jan 2025Series A$19M
- Jul 2024Series A$4.8M
- Apr 2022Series A$7.3M
Founders & team
Investors
RR Global, Adesh Realtor, Integrated Public Safety Systems, Blendarth Enterprises, Shemaak Enterprises, Tejsar Enterprise
Tech stack
All In One SeoApache Http ServerBootstrapCloudflareCloudflare Browser InsightsContact Form 7
#8
Series A · Mumbai, Maharashtra · founded 2019 · 17 employees$4.9Mraised▾
Series A · Mumbai, Maharashtra · founded 2019 · 17 employees
Operator of a technology platform providing all-electric vehicle cab booking services. The platform supports mobile-based online booking for local, inter-city, rentals, and customized trips. It offers services for commuting and aims to contribute to electric mobility adoption. The platform facilitates access to electric vehicles for various transportation needs.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Growth
top 22%Innovation
top 34%Moat
top 35%Product
top 37%Talent
top 38%Customers
top 45%Growth: Revenue +142% YoY · Web rank 10,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo
Innovation: 4 product lines
Moat: Top 20% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 5/10 · 9 curated direct competitors tracked
Funding rounds
- Jan 2025Series A$467.2K
- Jul 2024Series A$1.3M
- Mar 2024Series A$322.4K
- Mar 2023Series A$2.4M
Founders & team
Investors
Uneqty, Elluminati Ventures, SiriusOne, Ruchirealty, Vyas Family, Newageintermediaries
Tech stack
AosBootstrapCdnjsCloudflareFancyboxFont Awesome
#9
Seed · Mumbai, Maharashtra · founded 2019$7.2Mraised▾
Seed · Mumbai, Maharashtra · founded 2019
Manufacturer of electric two and three-wheeled vehicles for various applications. The company provides electric vehicles designed for lifestyle and custom-built purposes. These vehicles include options for cargo, medical, military, and police applications. The company focuses on creating electric mobility solutions.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Talent
top 28%Tech
top 32%Moat
top 36%Funding
bottom 49%Market
bottom 41%Growth
bottom 39%Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Tech: 47 technologies across 4/8 capability areas · Cloud: Cloudflare, Vercel · Security: Cloudflare Bot Management, Hsts
Moat: Top 32% by revenue among 458 tracked Road Transport Tech companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 23k LinkedIn followers — 3.8% of this cohort's audience
Hiring (LinkedIn): 9 hiring posts in 12 mo (public) · hiring: Senior Key Account Manager, Graphic Designer
Funding rounds
- Oct 2024Angel$76K
- Mar 2022Seed$3.5M
- Apr 2021Seed$1.4M
- Mar 2021Angel$196.3K
Founders & team
Investors
Al Tebah, Muscat, Cheque1 Ventures, GreenOstore Global, Sksglochem, Startup Buddy
Tech stack
AstraBootstrapCdnjsChart.JsCloudflareCloudflare Bot Management
#10
Seed · Mumbai, Maharashtra · founded 2020$1.5Mraised▾
Seed · Mumbai, Maharashtra · founded 2020
Platform offering for electric vehicle charger management. It is a virtual EV charging network and fleet management platform providing access to park and charge hubs, public fast chargers, and allowing for remote management of charging stations. It offers integration with charging station operators for public charging access. The platform implements pricing strategies and manages service level agreements. It also tracks utilization to manage charging expenses across multiple partners.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Growth
top 28%Tech
top 28%Talent
top 28%Funding
top 38%Partners
top 45%Moat
top 47%Growth: Web rank 5,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo
Tech: 34 technologies across 6/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Devops: Nginx
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 6k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Operations Associate
Funding rounds
- May 2025Seed$1.3M
- Sep 2023Seed$1.5M
Founders & team
Investors
AdvantEdge, Peak XV Partners, Calabasas Venture Partners, Antler, Infinyte Club
Tech stack
AceAmazon SesAmazon Web ServicesApexcharts.JsCore-JsEmotion
#11
Late Stage · Mumbai, Maharashtra · founded 1994 · 25 employees$144.8Mraised▾
Late Stage · Mumbai, Maharashtra · founded 1994 · 25 employees
Manufacturer of electric vehicles, components, and related technology solutions. The company offers electric SUVs and related technologies. It provides access to vehicle manuals and customer service support. The business also develops technology related to electric vehicle charging and vehicle connectivity.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Moat
top 17%Funding
top 21%Market
top 23%Innovation
top 28%Patents
top 28%Fin. health
top 29%Moat: Top 1% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 4/10 · IP moat: 28 patents
Funding: Raised $145M across 1 rounds · 1 rounds over 3 yrs (0.3/yr) · Last round PE (Aug 2023)
Market: 25 employees · Revenue ~$19.1B · ~63% of tracked Electric Vehicles revenue (625 cos, FY2025)
Funding rounds
- Aug 2023PE$144.8M
Founders & team
Investors
Temasek
#12
Seed · Mumbai, Maharashtra · founded 2021$124.1Kraised▾
Seed · Mumbai, Maharashtra · founded 2021
Platform offering electric vehicle charging solutions and engineering consultancy services. It offers Level 1 and Level 2 AC charging stations compatible with various electric vehicles. It provides charging solutions for homes, businesses, and public locations.
Fliar Intelligence Index™ 27how this company ranks against its industry peers
Talent
top 38%Funding
top 48%Market
bottom 37%Global
bottom 37%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $124k across 1 rounds · 1 rounds over 3 yrs (0.3/yr) · Last round Seed (Nov 2025)
Audience (LinkedIn): 848 LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Nov 2025Seed$124.1K
- Mar 2023Seed—
Founders & team
Investors
Somaiya, Riidl, Inflection Point Ventures
Funding & investor landscape
$1.7Btotal disclosed funding
24companies funded
71disclosed rounds
2rounds last 90 days
Most active investors
Adesh Realtor1 rounds
Notable founders
Devendra Chawla
CEO & Managing Director · GreenCell Mobility
Rajashree Nambiar
Co-founder · Ecofy
Govind Sankaranarayanan
Co-Founder & COO · Ecofy
Jitendra Sharma
Co-Founder & Business Head · ProsParity
Hakam Dhakar
Co-Founder & Business Head · ProsParity
Pratik Kamdar
Co-Founder & CEO & MD · Neuron Energy
Raj Shah
Co-Founder · Neuron Energy
Kalyan Chowdhury
Founder & MD · VTOL Aviation
Hemant Kabra
Founder & MD · BGauss
Indraneel Chakravarty
Co-Founder & COO & CHRO · Cab-eez
Kuldip Ghosh
Co-Founder & CEO · Cab-eez
Hari Kiran
Co-Founder & COO · eBikeGo
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 IN MUMBAI · Mobility
How research on Electric Vehicles in Mumbai is moving
A read on the academic research around Electric Vehicles in Mumbai — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 74 papers.
Mumbai's IIT Bombay, University of Mumbai, and ICT lead optimistic EV research (mean stance 0.48), dominated by battery technologies and infrastructure, with breakthroughs surging post-2020.
74 papers · stance +0.48 · 22% breakthrough · 10% concern
top institutions
- Indian Institute of Technology Bombay58
- University of Mumbai12
- Institute of Chemical Technology2
- Indian Institute of Chemical Technology1
- Tata Institute of Fundamental Research1
leading researchers
Zakir Hussain Rather · B. G. Fernandes · Suryanarayana Doolla · Vivek Agarwal · Kishore Chatterjee · Anshuman Shukla
prism intelligence · tone & topics
99% positive · 0% critical tone
AutomotiveBusinessTransportationEnergyElectronicsEnvironment
▲
Breakthroughs15 · 20%
▼ 33%→22% share
▼0.7× share momentum1 median citations80% since 2021mostly methods-led
Battery charger research is newly emerging — 3 brand-new papers signal rising EV charging innovation in Mumbai.
rising sub-themes (early→recent)
- Electrical engineering6
- Battery (electricity)6
- Battery charger3
- Automotive engineering3
- AC power2
Newly emergingElectrical engineering 0→5 · Battery (electricity) 0→5 · Battery charger 0→3
Landmark Energy Management in Smart Distribution Systems With Vehicle-to-Grid Integrated Microgrids · 163 cites
◆
Advancements46 · 62%
▼ 67%→59% share
▼0.9× share momentum1 median citations72% since 2021mostly methods-led
Automotive engineering research is intensifying — papers surged from 3 to 18, dominating advancements segment.
rising sub-themes (early→recent)
- Automotive engineering3→18
- Battery (electricity)1→6
Newly emergingElectrical engineering 0→8 · Power (physics) 0→6 · Electricity 0→3
Landmark A High-Torque-Density Permanent-Magnet Free Motor for in-Wheel Electric Vehicle Application · 136 cites
▼
Concerns7 · 9%
▲ 0%→11% share
0 median citations86% since 2021mostly empirical
Environmental protection concern is newly emerging — field share rose from 0% to 11% across Mumbai EV research.
rising sub-themes (early→recent)
- Action (physics)1
- China1
- Environmental protection1
- Environmental engineering1
- Archaeology1
Landmark Multi-Criteria Approach for Identification and Ranking of Key Interventions for Seamless Adoption of Electric Vehicle Ch · 10 cites
PATENT MOMENTUM · Mumbai
Who's building electric vehicles IP in Mumbai
Tata Motors and its EV subsidiary dominate Mumbai's 228 electric-vehicle patents, with filings surging sharply since 2024, driven overwhelmingly by electric and battery technology.
228 patents17 companiespeak 52/yr87% electric (recent)
filing momentum (YoY)
tech mix (2014-19 → 2020-25)
electric / battery44→102 ▲
ADAS / autonomous6→9 ▲
ICE powertrain0→1 ▲
chassis / safety0→5 ▲
top patenters
- Tata Motors92Mumbai
- Tata Passenger Electric Mobility82Mumbai
- Tata Chemicals11Mumbai
- Frog 8 Technology Services10Mumbai
- Mahindra Electric Automobile10Mumbai
- Vazirani Automotive4Mumbai
- Star India Jewels3Mumbai
- S V Power Systems3Mumbai
Common questions
How many Electric Vehicles companies are there in Mumbai, India?
Radar tracks 88 indexable Electric Vehicles companies headquartered in Mumbai, India, India, that meet our profile-completeness bar.
What is the total funding raised by Electric Vehicles companies in Mumbai, India?
The Electric Vehicles companies in Mumbai, India on this list have raised a combined $1.7B in disclosed equity funding across 24 funded companies.
Which is the highest-funded Electric Vehicles company in Mumbai, India?
Tata Passenger Electric Mobility is the highest-funded Electric Vehicles company in Mumbai, India, with $955.4M in disclosed equity funding.
How many Electric Vehicles companies in Mumbai, India are funded?
24 of the 88 Electric Vehicles companies in Mumbai, India on this list have disclosed at least one equity funding round.
How many Electric Vehicles unicorns are there in Mumbai, India?
1 Electric Vehicles company in Mumbai, India on this list is valued at $1B or more.
Who are the top investors in Mumbai, India Electric Vehicles companies?
The most active investors in Mumbai, India Electric Vehicles companies on this list include SINE, British International Investment, Indian Angel Network, RR Global, Riidl.
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.