Company lists
The Gujarat edition · 2026

Energy techcompanies in Gujarat

Electric vehicles, energy storage, energy efficiency, solar & renewables, facility & building tech and more: the companies building energy tech in Gujarat, with their founders, funding, team size and business models.

268 company profiles104 with reported revenue14 with recorded fundingSeptember 2026 edition

Recent energy tech business events in Gujarat

Funding, M&A, contract wins and launches involving 323 energy tech companies in Gujarat, last 24 months: 16 Contracts · 8 M&A deals · 4 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

FundingSeries A

Bacancy Systems

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

Engineering
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
M&AAcquisition · Announced

Inox green energy services acquires Wind World India – O&M arm

Meanwhile, Inox Green Energy Services will take over Wind World India’s O&M arm.

Operations & Maintenance
M&AAcquisition · Announced

Inox green energy services acquires Wind World India

At the same time, Inox Green Energy Services will take over Wind World India’s O&M business, strengthening its presence in the renewable asset management space.

Operations & Maintenance
FundingPre-seed

Gati Drives

Gati Drives, a deep-tech startup developing next-generation electric motors that deliver BLDC-level efficiency at a fraction of the cost without rare-earth materials, has raised a…

Investors Campus fund
Electric motors
M&AAcquisition · Announced

Atul auto acquires Atul greentech

Atul Auto Limited announced on January 15, 2026, that its Board of Directors has approved the acquisition of the L5 Electric Three-Wheeler Vehicle Business from Atul Greentech Private…

ContractService

Hgs interactive · client: Tirex chargers

Representational HGS Interactive, a global digital marketing agency and part of intelligent experience company Hinduja Global Solutions (HGS), has announced that it has secured the…

E-mobility
M&AAcquisition · Completed

A-1 Ltd acquires A-1 sureja industries

Recognising the rapid transition toward green energy and sustainable transport, A-1 Ltd has increased existing partnership interest/shareholding in A-1 Sureja Industries from 45 per cent…

Battery-operated two-wheelers manufacturer
M&AAcquisition · Completed

A-I Limited acquires A-1 sureja industries

A-I Limited has acquired an additional 6 percent stake in A-1 Sureja Industries

M&AAcquisition · Announced

A-1 Limited acquires A-1 sureja industries

A-1 Limited announced an increase in its partnership interest in A-1 Sureja Industries from 45% to 51%, strengthening its position in the electric vehicle (EV) manufacturing sector.

Battery‑operated two‑wheelers
ContractInfrastructure

Charge zone · 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
ContractInfrastructure

AmpVolts · 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
LaunchNemo

Wardwizard Innovations & Mobility

Wardwizard also launched the Nemo, a high-speed electric scooter priced at Rs 99,000 (ex-showroom).

Electric scooter
LaunchR40 electric scooter

Jindal mobilitric

Jindal Mobilitric, a subsidiary of Jindal Worldwide Limited (JWL), has unveiled its new electric scooter (two wheeler) R40.

Electric scooter
Funding

Matter Motor Works

Electric motorcycle startup Matter Motor Works has enough rare earth magnets to sustain production for three to four months but is actively exploring alternatives, said Founder Arun…

Electric Motorcycles
M&AAcquisition · Completed

Devansh Trademart LLP acquires Inox green energy services

Devansh Trademart LLP, a Promoter Group of Inox Green Energy Services Limited, acquired an additional 10,000 equity shares of the Company through open market transactions on June 5, 2025.

Wind Power O&M
ContractSupply

SpeedforcEV · client: Wardwizard Innovations & Mobility

Wardwizard Innovations & Mobility Limited has received an order for 2,500 Wolf+ electric scooters from SpeedforcEV, the company announced on June 6, 2025.

Commercial mobility
ContractService

Bajaj Finance · client: Tunwal

Tunwal E-Motors Limited (NSE: TUNWAL) has signed a standard merchant agreement with Bajaj Finance Limited that will allow customers to finance their electric two-wheeler purchases.

Automotive
ContractService

Ahasolar · client: North eastern electric power

According to the latest regulatory filings with the stock exchanges, Ahasolar Technologies Limited has secured a work order worth nearly Rs. 29.5 crores for consultancy services from…

Renewable Energy
Launch

Wardwizard Innovations & Mobility

In a bold move set to redefine last-mile delivery and fleet operations in India, Wardwizard Innovations & Mobility Limited has made a debut in the fleet operations sector.

Fleet Operations / Smart Mobility Solution
ContractSupply

Exide Energy Solutions · client: Atul greentech

Electronic vehicle maker Atul Greentech on Wednesday said it has signed an agreement with Exide Energy Solutions (EESL) for supply of lithium-ion battery.

Electric Vehicle

Energy tech companies in Gujarat, by revenue

Browse energy tech companies in Gujarat 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 104 energy tech companies in Gujarat 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 lithium-ion batteries for hybrid vehicle and energy storage

Electric vehicles
₹1,506.21 crFY 2024-25
Not reported
812+26% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of smart metering solution

Smart grid
₹667.39 crFY 2024-25
+637%2024–2025
54+100% 12 mo to Aug 2024LinkedIn · Jul 2026
6 yr2020
1postings · last posted Sep 2026

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

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

Provider of operation & maintenance services for wind farms

Renewable energy tech
₹290.18 crFY 2024-25
+11%2024–2025
192-4% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Largest Solar Panel Manufacturers in India | Future Solar

Renewable energy tech
₹263.82 crFY 2024-25
Not reported
635LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of energy storage solutions for residential buildings

Energy storage tech
₹211.25 crFY 2024-25
+19%2024–2025
43+13% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of solutions for PERC-based solar modules

Renewable energy tech
₹177.59 crFY 2024-25
+15%2024–2025
376-18% vs previous recordLinkedIn · Jul 2026
8 yr2018
0none in 3 months

Power plant and asset monitoring platform

Renewable energy tech
₹176.49 crFY 2024-25
+75%2024–2025
262LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Apr 2026

Developer of electric scooters

Electric vehicles
₹109.03 crFY 2024-25
-41%2024–2025
275-6% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of battery energy storage systems and power electronics solutions

Energy storage tech
₹101.10 crFY 2024-25
+87%2024–2025
219LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Provider of electric vehicle solutions

Electric vehicles
₹93.09 crFY 2024-25
+313%2024–2025
—Not available
40 yr1986
0none in 3 months

Manufacturer of solar panels and indoor LED lights

Solar energy
₹84.40 crFY 2024-25
-8%2024–2025
23+0% 12 mo to Mar 2024LinkedIn · Jul 2026
27 yr1999
1postings · last posted Jul 2026

Manufacturer of electric rickshaws

Electric vehicles
₹64.41 crFY 2024-25
+341%2024–2025
73+40% 12 mo to Aug 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Operator of electric vehicle charging stations and related software services

Energy storage tech
₹61.08 crFY 2024-25
Not reported
190+56% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of an energy monitoring system

Facility management tech
₹58.74 crFY 2024-25
+19%2024–2025
60LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of software for solar designing

Renewable energy tech
₹58.47 crFY 2024-25
+38%2024–2025
105+114% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Apr 2026

Provider of electric vehicle charging solutions

Energy storage tech
₹58.02 crFY 2024-25
+98%2024–2025
—Not available
4 yr2022
0none in 3 months

Provider of end-to-end solar solutions and financing options

Renewable energy tech
₹40.67 crFY 2024-25
+114%2024–2025
35LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of energy storage systems

Energy storage tech
₹39.07 crFY 2024-25
+10%2024–2025
27LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026

Solar power plant design and engineering solution provider

Renewable energy tech
₹34.35 crFY 2021-22
Not reported
—Not available
9 yr2017
—No postings tracked

IoT solutions for enterprise

Internet of things infrastructure
₹38.34 crFY 2024-25
-24%2024–2025
2+0% 12 mo to Feb 2024recorded Feb 2024
15 yr2011
0none in 3 months

Manufacturer of voltage regulators and power related equipment

Energy efficiency tech
₹36.48 crFY 2024-25
+5%2024–2025
65+10% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of steam boilers

Energy efficiency tech
₹28.29 crFY 2024-25
+17%2024–2025
19+0% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Manufacturer of power quality management products and energy management solutions

Iot applications
₹24.42 crFY 2024-25
+4%2024–2025
43LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Electric two-wheeler manufacturing company

Electric vehicles
₹22.92 crFY 2022-23
Not reported
60+11% 12 mo to Aug 2024recorded Aug 2024
12 yr2014
0none in 3 months
50 of 268 companies shown here · the full list is on Radar
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Explore all 268 energy tech companies in Gujarat on Radar

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  • Every company, not just 50All 268 energy tech companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore energy tech companies in Gujarat by what you are looking for

Browse energy tech companies in Gujarat, from electric vehicle makers and battery storage to solar and smart grid providers. Find energy tech startups in Gujarat and energy technology solutions by category.

9 ways to explore energy tech in Gujarat

Electric vehicle makers & charging companiesBattery & energy storage companiesEnergy efficiency & power equipment companiesSolar & renewable energy companiesFacility & building management software companiesOil & gas technology companies

Electric vehicle makers & charging companies

Manufacturers of electric two-wheelers and rickshaws plus EV charging networks.

  1. Wardwizard

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

    Electric vehicles
    See in list
  2. Joy e-bike

    Developer of electric scooters

    Electric vehicles
    See in list
  3. Mercury EV

    Provider of electric vehicle solutions

    Electric vehicles
    See in list
  4. Atul Greentech

    Manufacturer of electric rickshaws

    Electric vehicles
    See in list
  5. ChargeZone

    Operator of electric vehicle charging stations and related software services

    Energy storage tech
    See in list

Battery & energy storage companies

Lithium-ion battery and energy storage system providers.

  1. Shreenath Smart Technologies

    Provider of energy storage solutions for residential buildings

    Energy storage tech
    See in list
  2. Newen Systems

    Provider of battery energy storage systems and power electronics solutions

    Energy storage tech
    See in list
  3. APTL

    Provider of energy storage systems

    Energy storage tech
    See in list
  4. Renon

    Provider of lithium-ion battery solutions

    Energy storage tech
    See in list
  5. Alfa UPS

    Provider of energy storage systems

    Energy storage tech
    See in list

Energy efficiency & power equipment companies

Energy monitoring, power quality, LED lighting and energy management providers.

  1. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  2. ACS

    Provider of an energy monitoring system

    Facility management tech
    See in list
  3. TSi Power

    Manufacturer of voltage regulators and power related equipment

    Energy efficiency tech
    See in list
  4. Balkrishna Boilers

    Manufacturer of steam boilers

    Energy efficiency tech
    See in list
  5. Trinity Energy

    Manufacturer of power quality management products and energy management solutions

    Iot applications
    See in list

Solar & renewable energy companies

Solar panel makers, wind services and renewable energy software.

  1. Inox Green Energy

    Provider of operation & maintenance services for wind farms

    Renewable energy tech
    See in list
  2. Future Solar

    Largest Solar Panel Manufacturers in India | Future Solar

    Renewable energy tech
    See in list
  3. Pixon energy

    Provider of solutions for PERC-based solar modules

    Renewable energy tech
    See in list
  4. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  5. AhaSolar

    Provider of software for solar designing

    Renewable energy tech
    See in list

Facility & building management software companies

Visitor, maintenance and building management software.

  1. Trinity Energy

    Manufacturer of power quality management products and energy management solutions

    Iot applications
    See in list
  2. Midaas

    Provider of grid network monitoring solutions

    Smart grid
    See in list
  3. myCiti

    Provider of IoT-enabled facility management solutions

    Iot applications
    Website
  4. MaintenanceMukhiya

    Maintenance management software for residential and commercial spaces

    Energy efficiency tech
    Website
  5. Futuriztic

    Home automation and energy intelligence solution

    Property management tech
    Website

Oil & gas technology companies

Gas measurement, fuel delivery and exploration technology providers.

  1. Siddha Gas Technik

    Provider of solutions in gas measurement and control systems

    Oil & gas tech
    Website
  2. Arham Oil Gas Products and Services

    Provider of solution for oil sludge treatment

    Oil & gas tech
    Website
  3. Relcon Systems

    Provider of web-based fuel station management solutions

    Oil & gas tech
    Website
  4. Ahir Fuel

    Provider of online ordering and delivery of fuel to vehicles

    Oil & gas tech
    Website
  5. Rockeye

    Provider of seismic imaging solutions for oil and gas exploration

    Oil & gas tech
    Website
12 companies in Gujarat

Smart grid & smart metering companies

Smart meters and grid monitoring solutions for utilities.

  1. Electrify Energy

    Provider of smart metering solution

    Smart grid
    See in list
  2. Smartmeters Technologies

    Provider of smart metering devices

    Smart grid
    See in list
  3. Trafosys

    Provider of cloud-based transformer design optimization software

    Smart grid
    See in list
  4. Midaas

    Provider of grid network monitoring solutions

    Smart grid
    See in list
  5. IncSmart

    Developer of a cloud-based energy management solution

    Energy efficiency tech
    Website

Energy tech startups in Gujarat

Newer energy tech startups founded in recent years.

  1. Future Solar

    Largest Solar Panel Manufacturers in India | Future Solar

    Renewable energy tech
    See in list
  2. Mindra EV

    Provider of electric vehicle charging solutions

    Energy storage tech
    See in list
  3. Solnce Energy

    Provider of end-to-end solar solutions and financing options

    Renewable energy tech
    See in list
  4. EVamp Technologies

    Manufacturer of smart EV charging hardware and integrated infrastructure services

    Electric vehicles
    See in list
  5. Powerepex Systems

    Provider of energy storage systems

    Energy storage tech
    See in list
63 companies in Gujarat

Energy tech companies hiring in Gujarat

Energy tech companies currently hiring in Gujarat.

  1. Electrify Energy

    Provider of smart metering solution

    Smart grid
    See in list
  2. Adaptive Engineering

    Power plant and asset monitoring platform

    Renewable energy tech
    See in list
  3. Newen Systems

    Provider of battery energy storage systems and power electronics solutions

    Energy storage tech
    See in list
  4. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  5. AhaSolar

    Provider of software for solar designing

    Renewable energy tech
    See in list
15 companies in Gujarat
Mobile reach

Top 10 energy tech apps from Gujarat

The most-installed Android apps published by energy tech companies headquartered in Gujarat — 214K installs between them. 37 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Geourja Easy Survey GPRD

by GeoUrja

Installs78K
Rating—
Last updatedFeb 2026
View on Google Play ↗
Geourja Easy Survey GPRD screenshot 1Geourja Easy Survey GPRD screenshot 2Geourja Easy Survey GPRD screenshot 3Geourja Easy Survey GPRD screenshot 4Geourja Easy Survey GPRD screenshot 5Geourja Easy Survey GPRD screenshot 6
2

Joy E-Bike

by Joy e-bike

Installs38K
Rating3.0167 ratings
Last updatedApr 2026
View on Google Play ↗
Joy E-Bike screenshot 1Joy E-Bike screenshot 2Joy E-Bike screenshot 3Joy E-Bike screenshot 4Joy E-Bike screenshot 5Joy E-Bike screenshot 6
4

myHorse Ride

by Horse

Installs16K
Rating—
Last updatedMay 2026
View on Google Play ↗
myHorse Ride screenshot 1myHorse Ride screenshot 2myHorse Ride screenshot 3myHorse Ride screenshot 4myHorse Ride screenshot 5myHorse Ride screenshot 6
6

Zydus Bus Booking

by SMG

Installs15K
Rating—
Last updatedMar 2026
View on Google Play ↗
Zydus Bus Booking screenshot 1Zydus Bus Booking screenshot 2Zydus Bus Booking screenshot 3Zydus Bus Booking screenshot 4Zydus Bus Booking screenshot 5Zydus Bus Booking screenshot 6
8

Joy E-Bike Mihos

by Wardwizard

Installs7K
Rating—
Last updatedNov 2025
View on Google Play ↗
Joy E-Bike Mihos screenshot 1Joy E-Bike Mihos screenshot 2Joy E-Bike Mihos screenshot 3
9

Rhyno Rides

by Rhyno

Installs6K
Rating—
Last updatedMay 2026
View on Google Play ↗
Rhyno Rides screenshot 1Rhyno Rides screenshot 2Rhyno Rides screenshot 3Rhyno Rides screenshot 4Rhyno Rides screenshot 5Rhyno Rides screenshot 6
The business behind the activity

Energy tech financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 86 energy tech companies in Gujarat for FY24-25 — 108 of the 268 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 71% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,129.90 cr

86 companies filing accounts

combined net profit−₹107.19 cr

-2.6% aggregate margin

are profitable58%

50 of 86 companies

median revenue~₹2.4 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five71%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,492.96 crFY19-2047 filers
₹1,470.82 crFY20-2156 filers
₹2,188.83 crFY21-2265 filers
₹4,005.21 crFY22-2378 filers
₹5,048.75 crFY23-2487 filers
₹4,129.90 crFY24-2586 filers

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

Like-for-like

The same 66 companies over three years

+43%
FY22-23₹2,835.23 cr−₹196.44 cr net
FY23-24₹3,668.67 cr₹118.17 cr net
FY24-25₹4,045.73 cr−₹23.16 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 cr2924% profitable
₹1–10 cr3077% profitable
₹10–100 cr1974% profitable
₹100–1,000 cr786% 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

Shrinking28
0–20%14
20–50%7
50–100%9
Doubled+22

80 companies with accounts for both years; median growth +16%.

Profitability

Profit is concentrated at the top

50profitable
36loss-making
-2.6%aggregate margin
1.2%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
Electrify EnergyELECTRIFY ENERGY PRIVATE LIMITED+637%₹667.39 cr
VerdeMobilityVERDEMOBILITY INDIA PRIVATE LIMITED
Atul GreentechATUL GREENTECH PRIVATE LIMITED+341%₹64.41 cr
Mercury EVMERCURY EV-TECH LIMITED+251%₹69.07 cr
Mindra EVMINDRA EV PRIVATE LIMITED+98%₹58.02 cr
Newen SystemsNEWEN SYSTEMS PRIVATE LIMITED+87%₹101.10 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
SavëSAVY GREENTECH PRIVATE LIMITED
Inox Green EnergyInox Green Energy Services Limited13.7%₹280.26 cr
Shreenath Smart TechnologiesSHREENATH SMART TECHNOLOGIES PRIVATE LIMITED13.0%₹133.59 cr
Arham Oil Gas Products and ServicesARHAM OIL GAS PRODUCTS AND SERVICES PRIVATE LIMITED₹17.10 cr
Mercury EVMERCURY EV-TECH LIMITED9.2%₹69.07 cr
GRE Renew EnertechGRE RENEW ENERTECH LIMITED8.8%₹80.05 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles24₹2,126.98 cr~₹99 lakh42%-6.0%
Renewable energy tech11₹506.97 cr~₹1.5 cr64%8.9%
Energy storage tech22₹499.01 cr~₹4.2 cr68%-4.5%
Energy efficiency tech6₹77.67 cr~₹5.8 cr83%5.5%
Leaders

Largest energy tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Tds-GTDS LITHIUM-ION BATTERY GUJARAT PRIVATE LIMITED₹1,506.21 cr−₹48.35 cr-3.2%-21%
Electrify EnergyELECTRIFY ENERGY PRIVATE LIMITED₹667.39 cr−₹10.00 cr-1.5%+637%
WardwizardWARDWIZARD INNOVATIONS & MOBILITY LIMITED₹302.86 cr₹6.79 cr2.2%-5%
Inox Green EnergyInox Green Energy Services Limited₹280.26 cr₹38.50 cr13.7%+16%
Adaptive EngineeringADAPTIVE ENGINEERING PRIVATE LIMITED₹176.49 cr₹7.58 cr4.3%+75%
Shreenath Smart TechnologiesSHREENATH SMART TECHNOLOGIES PRIVATE LIMITED₹133.59 cr₹17.42 cr13.0%+31%
Joy e-bikeWARDWIZARD SOLUTIONS INDIA PRIVATE LIMITED₹108.07 cr₹6.81 cr6.3%-41%
Newen SystemsNEWEN SYSTEMS PRIVATE LIMITED₹101.10 cr₹6.93 cr6.9%+87%
GRE Renew EnertechGRE RENEW ENERTECH LIMITED₹80.05 cr₹7.00 cr8.8%+5%
Mercury EVMERCURY EV-TECH LIMITED₹69.07 cr₹6.39 cr9.2%+251%
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

Energy Tech Industry Landscape of India

The financials above are one chapter. The full energy tech landscape of Gujarat 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 energy tech landscape of Gujarat
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

Energy tech funding and M&A across India

1,564 recorded equity rounds have gone to 4,036 energy tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months71

US$945.96m

equity rounds, last 24 months249

US$2.88bn

raised over five yearsUS$8.58bn

1,071 rounds in India

M&A deals, Gujarat8

last 24 months

Capital by year

Equity funding into energy tech in India

amount rounds
$209m201881
$624m2019114
$238m2020111
$713m2021203
$2.4bn2022239
$1.8bn2023220
$999m2024214
$1.9bn2025156
$736m202639

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$2.43bn across 239 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$66.39m169 rounds · median US$121k
SeedUS$742.26m601 rounds · median US$430k
Series AUS$1.40bn182 rounds · median US$5.00m
Series BUS$1.26bn65 rounds · median US$13.74m
Series CUS$998.58m25 rounds · median US$26.97m
Series D+US$3.31bn25 rounds · median US$60.70m
Private equityUS$794.81m4 rounds · median US$250.00m
Where the money went · five years

Most-funded sub-sectors

Electric vehiclesUS$5.50bn455 rounds · 172 companies
Renewable energy techUS$1.22bn93 rounds · 44 companies
Energy storage techUS$673.49m183 rounds · 77 companies
Road transport techUS$321.68m51 rounds · 15 companies
Alternative lendingUS$181.80m18 rounds · 9 companies
Logistics techUS$98.08m13 rounds · 4 companies
Energy efficiency techUS$97.54m36 rounds · 19 companies
Corporate activity · last 24 months

M&A in Gujarat

8Acquisition

Most active acquirers

  1. Inox green energy services3
  2. A-1 Ltd3
  3. Atul auto1
  4. Devansh Trademart LLP1

Most acquired or merged

  1. A-1 sureja industries3
  2. Wind World India – O&M arm1
  3. Wind World India1
  4. Atul greentech1
  5. Vibrant energy1

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

Go deeper in the energy tech landscape reports:

Energy Tech Industry Landscape of India

Energy tech funding in Gujarat

14 energy tech companies in Gujarat have recorded equity funding, US$208.35m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind energy tech companies in Gujarat. 137 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 Gujarat energy tech companies by sub-sector

The most common specialisations among energy tech companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring energy tech in India and nearby markets.

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