Company lists
The Telangana edition · 2026

Electric vehiclescompanies in Telangana

EV makers, EV charging, batteries, shared mobility, last-mile logistics and more: the companies building electric vehicles in Telangana, with their founders, funding, team size and business models.

124 company profiles67 with reported revenue30 with recorded fundingOctober 2026 edition
Telangana · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent electric vehicles business events in India

Funding, M&A, contract wins and launches involving 2,153 electric vehicles companies in India, last 24 months: 112 funding rounds · 72 Contracts · 66 launches · 45 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingInvestment

Olectra greentech

OLECTRA GREENTECH is lining up a fresh investment of nearly ₹700 crore as it looks to deepen localisation, expand its electric bus and truck portfolio.

Electric commercial vehicle
FundingSeries A

Tiea connectors

Tiea Connectors also stood out with Rs. 77 crore in Series A funding led by IvyCap Ventures. Jamwant Ventures, 8X Ventures and HNI angel investors also joined the round.

Investors Ivycap ventures, Jamwant Ventures, 8x ventures, HNI angel investors
High-performance connectors / deeptech
FundingQualified Institutions Placement

Ola electric

Ola Electric Mobility Limited announced today, June 1, 2026, that its Fund Raising Committee has approved the opening of a qualified institutions placement of equity shares.

M&AAcquisition · Announced

Kpit acquires Cymotive

KPIT to acquire majority stake Israeli cyber security company Cymotive

Cyber security
M&AAcquisition · Announced

Kpit technologies acquires Maj Jorites Tech

KPIT Technologies announced on Wednesday that it is acquiring Maj Jorites Tech from Israeli firm Symotive to strengthen its capabilities in AI-based automotive cybersecurity.

AI-based automotive cybersecurity
Funding

River

Electric vehicle startup River is in talks to raise approximately $100 million in fresh funding, marking its largest capital infusion since its founding in 2021.

Investors Anicut capital, Claypond Capital, Elev8 venture partners
Electric Vehicle
ContractSupply

Emni · client: Advantex Battery

EMNI announced on April 21 that it has signed a lithium‑ion cell supply contract ... with ADVANTEX Battery.

Battery
Funding

Sarla Aviation

Sarla Aviation and IndiGo have announced a strategic equity investment of ₹10 crore by IndiGo Ventures in Sarla Aviation.

Investors IndiGo Ventures
EVTOL, Urban Air Mobility
ContractSupply

Citroën · client: Cab-e

Citroën has signed a Memorandum of Understanding (MoU) with urban e-mobility firm Cab-E, to introduce over 2000 Citroën ë-C3 EVs in Cab-E’s fleet in the Mumbai and Pune region, this year.

Contract

Ashok leyland · client: Switch mobility

Ashok Leyland is also expected to invest up to $ 200 million (Rs 1,480 crore) in Switch Mobility of which $ 130 million (Rs 962 crore) has already been invested in the entity.

E-mobility
LaunchOtua

Dandera ventures

EV start-up Dandera Ventures today launched Otua, an electric three-wheeler designed for cargo transportation.

Electric three-wheeler
LaunchHiLoad EV

Euler motors

Electric commercial vehicle company Euler Motors today launched its first cargo three-wheeler, the HiLoad EV.

Electric commercial vehicle
Launch

Bijliride

Bijliride has introduced a software-as-a-service platform designed to help enterprises manage electric vehicle fleets, marking the startup's expansion into B2B technology solutions.

Fleet management
LaunchGreaves Eltra cargo e-three-wheeler

Greaves electric mobility

Greaves Electric Mobility has launched its latest three-wheeler, the Greaves Eltra cargo model targeted at last-mile logistics providers.

LaunchELCV

E-Trio

Telengana-based electric vehicle start-up e-Trio today launched India’s first certified retrofitted electric light commercial vehicle (eLCV).

Electric Light Commercial Vehicle
LaunchKinetic DX

Kinetic group

The launch of the Kinetic DX in the two‑wheeler EV segment is the most visible marker of this shift.

Two‑wheeler EV
ContractSupply

Olectra greentech · client: Brihan Mumbai Electric Supply & Transport Undertaking (BEST)

Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses.

Funding

Euler motors

Last month, electric commercial vehicle maker Euler Motors also raised ₹437.5 Cr in a round led by Lightrock, with participation from existing investors Hero MotoCorp and Blume Ventures.

M&AAcquisition · Announced

Tube Investments acquires Infraprime logistics technologies

Murugappa Group engineering company Tube investments of India acquired 65.2% stake in InfraPrime Logistics Technologies (IPLTech), a heavy-duty electric vehicle (EV) manufacturing…

Heavy-duty electric vehicle manufacturing startup
FundingSeries A

Bacancy Systems

Engineering startup Bacancy Systems raised $4.31 million in a Series A round.

Engineering
ContractGovernment

SCharge · client: Technology Development Board

the government body entered an agreement with Scharge Private Limited to develop a next‑generation electric vehicle charging solution for commercial fleet and depot operations under the…

Industrial sustainability, EV charging infrastructure
ContractInfrastructure

Dhabriya polywood · client: Indian Company

Dhabriya Polywood has received the work order worth Rs 34.81 crore (including GST) from Indian Company for Aluminium doors-windows & facade works.

Infrastructure
LaunchAther 450 series

Ather energy

With the Ather 450 series, the Bengaluru-based startup introduced connected dashboards, over-the-air updates, fast charging networks, and smart diagnostics.

Electric scooter
LaunchS1 range

Ola electric

Its S1 range brought electric scooters into mainstream discussion, combining design, performance, and app-based controls.

Electric scooter
FundingSeries A

Bacancy Systems

Bacancy Systems has raised ₹400 million in a Series A funding round led by Sabre Partners and Greenstone Capital, with both investors acquiring minority stakes through primary…

Embedded electronics and power systems for electric vehicles and railway applications
LaunchUV Space Station

Ultraviolette automotive

Ultraviolette Automotive announced the launch of a new UV Space Station in Nagpur, a significant step in expanding its retail and service network across emerging mobility markets in India.

Retail and Service Center
Funding

Pmi Electro Mobility

"KKR has made an investment of $310 million in PMI Electro Mobility, a manufacturer of e-buses); and Allfleet, a subsidiary of PMI that owns and operates e-bus concessions."

Investors Kkr
Electric commercial vehicle manufacturer
Funding

Ecofy

Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.

Investors Bii, DAIF
FinTech

Electric vehicles companies in Telangana, by revenue

Browse electric vehicles companies in Telangana 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 67 electric vehicles companies in Telangana 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

Developer of electric bus

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

Manufacturer of electric three-wheelers

Electric vehicles
₹142.31 crFY 2024-25
+65%2024–2025
75+42% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturer of energy storage products and electric vehicles with lithium batteries

Energy storage tech
₹137.38 crFY 2024-25
Not reported
334LinkedIn · Jul 2026
11 yr2015
1postings · last posted Sep 2026

Platform offering electric scooters

Electric vehicles
₹73.59 crFY 2024-25
+28%2024–2025
171LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Developer of motor controllers for multi-category electric vehicles

Electric vehicles
₹58.88 crFY 2024-25
Not reported
261LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Manufacturer of electric three-wheelers, electric autos, and EV charging solutions

Electric vehicles
₹53.54 crFY 2024-25
+48%2024–2025
117+8% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of lithium-ion battery packs for electric vehicles and energy storage

Energy storage tech
₹45.22 crFY 2024-25
Not reported
169+11% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Manufacturer of electric vehicle battery chargers

Electric vehicles
₹37.84 crFY 2023-24
-12%2023–2024
68+8% 12 mo to Feb 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of electric vehicles

Electric vehicles
₹28.61 crFY 2024-25
+233%2024–2025
—Not available
27 yr1999
0none in 3 months

Manufacturer of electric autorickshaws

Electric vehicles
₹27.34 crFY 2024-25
+3%2024–2025
69-49% 12 mo to Aug 2023LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Platform offering electric mobility solutions

Auto e-commerce & content
₹25.02 crFY 2024-25
+111%2024–2025
144-34% 12 mo to Jul 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Manufacturer of lead acid chargers and electric bike battery chargers

Energy storage tech
₹24.12 crFY 2023-24
+17%2023–2024
41+58% 12 mo to Jun 2024recorded Jun 2024
6 yr2020
0none in 3 months

Retailer of electric bicycles, scooters, motorbikes, and cargo vehicles

Auto retail & aftersales
₹23.63 crFY 2024-25
-6%2024–2025
29LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Manufacturer of motor controllers for automotive, industrial automation, and robotics

Electric vehicles
₹18.31 crFY 2024-25
+169%2024–2025
3LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of electric scooters

Electric vehicles
₹13.12 crFY 2024-25
+2%2024–2025
48LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of electric scooters

Electric vehicles
₹12.05 crFY 2024-25
+79%2024–2025
32-35% 12 mo to Jun 2022recorded Jun 2022
8 yr2018
0none in 3 months

Manufacturer of transformers, substations, energy solutions, and electric vehicle chargers

Electric vehicles
₹12.00 crFY 2024-25
-61%2024–2025
39LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted May 2026

Operator of electric vehicle rental services with battery swapping infrastructure

Energy storage tech
₹9.84 crFY 2024-25
Not reported
49LinkedIn · Jul 2026
6 yr2020
1postings · last posted Sep 2026

Developer of modular swappable EV batteries and battery swapping stations for electric auto-rickshaws and fleets

Electric vehicles
₹9.00 crFY 2023-24
+213%2023–2024
43-27% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of multiple categories of electric vehicles

Electric vehicles
₹8.37 crFY 2024-25
+2%2024–2025
21LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of electric vehicle charging systems and related charging infrastructure

Electric vehicles
₹8.28 crFY 2024-25
-27%2024–2025
60LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Dec 2025

EV charging station locator

Smart cities
₹8.12 crFY 2024-25
+34%2024–2025
23LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Plarform offering foldable electric bicycles

Electric vehicles
₹4.55 crFY 2024-25
+125%2024–2025
26+422% 12 mo to Aug 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of multiple categories of electric vehicles

Electric vehicles
₹4.24 crFY 2024-25
-34%2024–2025
13LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Oct 2025

Retailer of new and used vehicles, parts, and service options

Electric vehicles
₹4.13 crFY 2023-24
Not reported
22LinkedIn · Jul 2026
9 yr2017
0none in 3 months
50 of 124 companies shown here · the full list is on Radar
Fliar Radar

Explore all 124 electric vehicles companies in Telangana on Radar

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

Open electric vehicles in Telangana on Radar
  • Every company, not just 50All 124 electric vehicles companies in Telangana, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore electric vehicles companies in Telangana by what you are looking for

Find top electric vehicles companies in Telangana, from EV makers and charging networks to battery and mobility providers. You can also browse EV startups in Telangana and electric vehicle companies hiring in Telangana.

8 ways to explore electric vehicles in Telangana

Electric vehicle manufacturersEV charging solutions & station networksEV battery, swapping & energy storage companiesEV ride-hailing, rental & shared mobilityElectric vehicles for delivery & logisticsElectric aircraft & flying vehicle companies

Electric vehicle manufacturers

Makers of electric scooters, three-wheelers, buses and commercial vehicles.

  1. Olectra

    Developer of electric bus

    Electric vehicles
    See in list
  2. MLR Auto

    Manufacturer of electric three-wheelers

    Electric vehicles
    See in list
  3. PUR Energy

    Manufacturer of energy storage products and electric vehicles with lithium batteries

    Energy storage tech
    See in list
  4. Quantum Energy

    Platform offering electric scooters

    Electric vehicles
    See in list
  5. Axiom

    Developer of motor controllers for multi-category electric vehicles

    Electric vehicles
    See in list

EV charging solutions & station networks

Charger makers and charging station operators.

  1. Axiom

    Developer of motor controllers for multi-category electric vehicles

    Electric vehicles
    See in list
  2. Senatla EV Products

    Manufacturer of electric vehicle battery chargers

    Electric vehicles
    See in list
  3. RACE

    Developer of modular swappable EV batteries and battery swapping stations for electric auto-rickshaws and fleets

    Electric vehicles
    See in list
  4. AxonifyTech

    Provider of electric vehicle charging systems and related charging infrastructure

    Electric vehicles
    See in list
  5. JoulePoint

    EV charging station locator

    Smart cities
    See in list

EV battery, swapping & energy storage companies

Lithium-ion batteries, battery management and battery swapping providers.

  1. PUR Energy

    Manufacturer of energy storage products and electric vehicles with lithium batteries

    Energy storage tech
    See in list
  2. Senatla EV Products

    Manufacturer of electric vehicle battery chargers

    Electric vehicles
    See in list
  3. RACE

    Developer of modular swappable EV batteries and battery swapping stations for electric auto-rickshaws and fleets

    Electric vehicles
    See in list
  4. AxonifyTech

    Provider of electric vehicle charging systems and related charging infrastructure

    Electric vehicles
    See in list
  5. CHARZION

    Provider of chargers for electric vehicles

    Energy storage tech
    See in list

EV ride-hailing, rental & shared mobility

Electric ride-hailing, rental and scooter sharing platforms.

  1. Hala Mobility

    Platform offering electric mobility solutions

    Auto e-commerce & content
    See in list
  2. bud-e

    App-based platform offering electric scooter sharing services

    Road transport tech
    See in list
  3. Etric

    Operator of electric vehicle urban shared mobility services via technology

    Road transport tech
    See in list
  4. Evpe

    Online platform offering electric vehicle leasing, charging solutions, and maintenance services

    Electric vehicles
    Website
  5. E-yana

    App-based ride-hailing platfom for electric vehicles

    Electric vehicles
    Website

Electric vehicles for delivery & logistics

Electric cargo and delivery vehicles for last-mile logistics.

  1. E-Sunrise Auto Industry

    Manufacturer of electric vehicles for last-mile logistics delivery and transportations

    Logistics tech
    See in list
  2. ETO Motors

    Manufacturer of electric three-wheelers, electric autos, and EV charging solutions

    Electric vehicles
    See in list
  3. Tride Mobility

    Battery management system for electric vehicles

    Logistics tech
    See in list
  4. Hala Mobility

    Platform offering electric mobility solutions

    Auto e-commerce & content
    See in list
  5. bud-e

    App-based platform offering electric scooter sharing services

    Road transport tech
    See in list

Electric aircraft & flying vehicle companies

Developers of electric VTOL aircraft and urban air mobility.

  1. BluJ Aero

    Provider of electric and hydrogen-powered VTOL aircraft technology

    Electric vehicles
    See in list
  2. Dassun Jet

    Operator of on-demand private air charter services for passenger transport

    Electric vehicles
    Website
  3. AirArk

    Innovative urban mobility solutions through cutting-edge electric vertical take-off technology

    Electric vehicles
    Website

Electric vehicle startups in Telangana

Newer EV companies founded in recent years.

  1. Quantum Energy

    Platform offering electric scooters

    Electric vehicles
    See in list
  2. Anuvega Powertronics

    Manufacturer of motor controllers for automotive, industrial automation, and robotics

    Electric vehicles
    See in list
  3. Hornback

    Plarform offering foldable electric bicycles

    Electric vehicles
    See in list
  4. bud-e

    App-based platform offering electric scooter sharing services

    Road transport tech
    See in list
  5. Qucev

    Platform offering electric commercial vehicles

    Electric vehicles
    See in list
37 companies in Telangana

Electric vehicle companies hiring in Telangana

EV employers with open roles right now.

  1. PUR Energy

    Manufacturer of energy storage products and electric vehicles with lithium batteries

    Energy storage tech
    See in list
  2. Trinity Cleantech

    Manufacturer of transformers, substations, energy solutions, and electric vehicle chargers

    Electric vehicles
    See in list
  3. Bijliride

    Operator of electric vehicle rental services with battery swapping infrastructure

    Energy storage tech
    See in list
  4. Zynetic

    Provider of rapid electric vehicle charging solutions for commercial and passenger fleets

    Electric vehicles
    See in list
  5. Gravton

    Manufacturer of electric motorcycles

    Electric vehicles
    See in list
9 companies in Telangana
Mobile reach

Top 10 electric vehicles apps from Telangana

The most-installed Android apps published by electric vehicles companies headquartered in Telangana — 429K installs between them. 21 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Bijliride : E-Bike Rental

by Bijliride

Installs162K
Rating—
Installs, year on year+112%
Last updatedApr 2026
View on Google Play ↗
Bijliride : E-Bike Rental screenshot 1Bijliride : E-Bike Rental screenshot 2Bijliride : E-Bike Rental screenshot 3Bijliride : E-Bike Rental screenshot 4Bijliride : E-Bike Rental screenshot 5Bijliride : E-Bike Rental screenshot 6
2

Hala - Ride, Rent & Subscribe

by Hala Mobility

Installs110K
Rating—
Last updatedMay 2026
View on Google Play ↗
Hala - Ride, Rent & Subscribe screenshot 1Hala - Ride, Rent & Subscribe screenshot 2Hala - Ride, Rent & Subscribe screenshot 3Hala - Ride, Rent & Subscribe screenshot 4Hala - Ride, Rent & Subscribe screenshot 5Hala - Ride, Rent & Subscribe screenshot 6
3

bud-e

by bud-e

Installs55K
Rating—
Last updatedOct 2024
View on Google Play ↗
bud-e screenshot 1bud-e screenshot 2bud-e screenshot 3bud-e screenshot 4bud-e screenshot 5bud-e screenshot 6
4

PowerbankEV Charging

by PowerBank

Installs43K
Rating—
Last updatedDec 2024
View on Google Play ↗
PowerbankEV Charging screenshot 1PowerbankEV Charging screenshot 2PowerbankEV Charging screenshot 3
6

ThunderPlus EV Charging

by ThunderPlus

Installs17K
Rating—
Last updatedApr 2026
View on Google Play ↗
ThunderPlus EV Charging screenshot 1ThunderPlus EV Charging screenshot 2ThunderPlus EV Charging screenshot 3ThunderPlus EV Charging screenshot 4ThunderPlus EV Charging screenshot 5
7

Voltran

by Voltran

Installs10K
Rating—
Last updatedMay 2026
View on Google Play ↗
Voltran screenshot 1Voltran screenshot 2Voltran screenshot 3Voltran screenshot 4Voltran screenshot 5
10

RACE

by RACE

Installs2K
Rating—
Last updatedApr 2024
View on Google Play ↗
RACE screenshot 1RACE screenshot 2RACE screenshot 3RACE screenshot 4RACE screenshot 5RACE screenshot 6
The business behind the activity

Electric vehicles financials in Telangana

Revenue, profit and growth from the filed annual accounts of 50 electric vehicles companies in Telangana for FY24-25 — 67 of the 124 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 90% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹2,399.32 cr

50 companies filing accounts

combined net profit₹9.25 cr

0.4% aggregate margin

are profitable40%

20 of 50 companies

median revenue~₹1.6 cr

the typical company

median revenue growth+53%

into FY24-25

earned by the top five90%

revenue concentration

Six-year view

Combined revenue of filing companies

₹584.61 crFY19-2019 filers
₹533.70 crFY20-2131 filers
₹1,166.66 crFY21-2240 filers
₹1,760.50 crFY22-2348 filers
₹1,762.85 crFY23-2454 filers
₹2,399.32 crFY24-2550 filers

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

Like-for-like

The same 36 companies over three years

+41%
FY22-23₹1,684.93 cr−₹13.40 cr net
FY23-24₹1,671.69 cr₹24.05 lakh net
FY24-25₹2,370.72 cr₹19.87 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 cr2015% profitable
₹1–10 cr1747% profitable
₹10–100 cr1070% profitable
₹100–1,000 cr250% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking14
0–20%5
20–50%3
50–100%6
Doubled+16

44 companies with accounts for both years; median growth +53%.

Profitability

Profit is concentrated at the top

20profitable
30loss-making
0.4%aggregate margin
-25.7%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
CAL-ONCAL-ON INDUSTRIES LIMITED+233%₹28.61 cr
Anuvega PowertronicsARDENT POWERTRONICS PRIVATE LIMITED+169%₹18.31 cr
Hala MobilityHALA MOBILITY INDIA PRIVATE LIMITED+111%₹25.02 cr
Varcas AutomobilesVARCAS AUTOMOBILES PRIVATE LIMITED+79%₹12.05 cr
MLR AutoMLR AUTO LIMITED+65%₹142.31 cr
OlectraOLECTRA GREENTECH LIMITED+58%₹1,774.92 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
OlectraOLECTRA GREENTECH LIMITED7.9%₹1,774.92 cr
FRANKLIN EVFRANKLIN EV INDIA PRIVATE LIMITED3.8%₹13.12 cr
Varcas AutomobilesVARCAS AUTOMOBILES PRIVATE LIMITED3.3%₹12.05 cr
Anuvega PowertronicsARDENT POWERTRONICS PRIVATE LIMITED3.2%₹18.31 cr
BikeWoBIKEWO GREEN TECH LIMITED2.8%₹23.63 cr
PUR EnergyPUR ENERGY LIMITED1.9%₹137.38 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles31₹2,139.02 cr~₹2.7 cr39%1.1%
Energy storage tech13₹201.33 cr~₹72 lakh31%-7.1%
Leaders

Largest electric vehicles companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
OlectraOLECTRA GREENTECH LIMITED₹1,774.92 cr₹139.56 cr7.9%+58%
MLR AutoMLR AUTO LIMITED₹142.31 cr−₹37.79 cr-26.6%+65%
PUR EnergyPUR ENERGY LIMITED₹137.38 cr₹2.55 cr1.9%+5%
AxiomAXIOM ENERGY CONVERSION LIMITED₹58.88 cr−₹19.55 cr-33.2%-43%
Cygni EnergyCYGNI ENERGY PRIVATE LIMITED₹45.22 cr−₹8.65 cr-19.1%-5%
ETO MotorsETO MOTORS PRIVATE LIMITED₹34.61 cr−₹29.09 cr-84.1%+41%
CAL-ONCAL-ON INDUSTRIES LIMITED₹28.61 cr₹40.77 lakh1.4%+233%
Hala MobilityHALA MOBILITY INDIA PRIVATE LIMITED₹25.02 cr₹9.80 lakh0.4%+111%
BikeWoBIKEWO GREEN TECH LIMITED₹23.63 cr₹65.78 lakh2.8%-6%
Anuvega PowertronicsARDENT POWERTRONICS PRIVATE LIMITED₹18.31 cr₹57.86 lakh3.2%+169%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Electric Vehicles Industry Landscape of India

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

equity rounds, last 12 months38

US$377.01m

equity rounds, last 24 months154

US$1.96bn

raised over five yearsUS$6.64bn

732 rounds in India

M&A deals, India45

last 24 months

Capital by year

Equity funding into electric vehicles in India

amount rounds
$198m201843
$581m201969
$219m202066
$656m2021141
$1.9bn2022175
$1.5bn2023143
$720m2024148
$1.6bn2025104
$276m202621

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.92bn across 175 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$44.65m123 rounds · median US$122k
SeedUS$565.05m385 rounds · median US$487k
Series AUS$1.19bn133 rounds · median US$5.92m
Series BUS$1.03bn48 rounds · median US$15.00m
Series CUS$820.57m18 rounds · median US$29.19m
Series D+US$2.85bn23 rounds · median US$48.91m
Private equityUS$144.81m2 rounds · median US$144.81m
Where the money went · five years

Most-funded sub-sectors

Electric vehiclesUS$5.50bn455 rounds · 172 companies
Energy storage techUS$370.79m98 rounds · 41 companies
Road transport techUS$321.68m51 rounds · 15 companies
Alternative lendingUS$120.90m13 rounds · 7 companies
Logistics techUS$98.08m13 rounds · 4 companies
Smart citiesUS$44.35m4 rounds · 2 companies
Auto e-commerce & contentUS$44.33m21 rounds · 5 companies
Corporate activity · last 24 months

M&A in India

42Acquisition
2Merger
1Completed

Most active acquirers

  1. Kpit technologies16
  2. Jupiter Electric Mobility4
  3. A-1 Ltd3
  4. Blusmart2
  5. Vajram Electric2

Most acquired or merged

  1. A-1 sureja industries3
  2. Ather energy2
  3. Caresoft2
  4. Euler motors2
  5. Greenfuel energy solutions2

Each deal appears in the events strip at the top of the page.

Go deeper in the electric vehicles landscape reports:

Electric Vehicles Industry Landscape of India

Electric vehicles funding in Telangana

30 electric vehicles companies in Telangana have recorded equity funding, US$183.88m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Telangana

Meet the people behind electric vehicles companies in Telangana. 97 of 124 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Telangana electric vehicles companies by sub-sector

The most common specialisations among electric vehicles companies in Telangana. 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