Company lists
The Karnataka edition · 2026

Energy techcompanies in Karnataka

Electric vehicles, batteries, energy efficiency, renewable energy, EV charging and more: the companies building energy tech in Karnataka, with their founders, funding, team size and business models.

494 company profiles244 with reported revenue125 with recorded fundingSeptember 2026 edition
Karnataka · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent energy tech business events in Karnataka

Funding, M&A, contract wins and launches involving 618 energy tech companies in Karnataka, last 24 months: 47 funding rounds · 32 launches · 28 Contracts · 9 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingSeries A

Tiea connectors

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

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

Ola electric

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

Funding

River

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

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

Sarla Aviation

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

Investors IndiGo Ventures
EVTOL, Urban Air Mobility
Contract

Ashok leyland · client: Switch mobility

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

E-mobility
LaunchGreaves Eltra cargo e-three-wheeler

Greaves electric mobility

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

LaunchAther 450 series

Ather energy

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

Electric scooter
LaunchS1 range

Ola electric

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

Electric scooter
LaunchUV Space Station

Ultraviolette automotive

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

Retail and Service Center
FundingPre-Series A

Newtrace

Bengaluru-based climate technology startup Newtrace has raised $6.3 million in a Pre-Series A funding round to accelerate the commercialization of its green hydrogen production technology.

Investors Peak xv partners, Aavishkaar capital, Speciale invest, Micelio Technology Fund
Climate Technology (Green Hydrogen)
FundingSeed

Hycosys

In a seed funding round headed by MountTech Growth Fund-Kavachh, deep-tech engineering startup Hycosys has raised more than $1 million, or roughly Rs 9 crore.

Investors MountTech Growth Fund-Kavachh
Deep-tech engineering
FundingEquity

Sarla Aviation

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

Investors Accel
EVTOL / electric aircraft
FundingInvestment

Turno

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

Electric Vehicle Battery Infrastructure
FundingSeed

E-trnl energy

has led a ₹27.4 crore seed round in e-TRNL Energy, a cleantech startup pioneering next-generation battery cell technology, through its 2nd VC Fund, IAN Alpha Fund.

Investors IAN Alpha Fund, Navam Capital, Speciale invest
Cleantech
ContractTechnology

Honeywell · client: TruAlt Bioenergy

Honeywell on Wednesday said that TruAlt Bioenergy Limited will use its Ethanol-to-Jet (ETJ) process technology to produce 80,000 tons per annum (TPA) of sustainable aviation fuel (SAF)…

Sustainable Aviation Fuel
ContractService

HOWL Digital · client: Greaves electric mobility

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

EV Mobility
FundingSeries E

Ultraviolette

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

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

3ev industries

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

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

Na acquires Ather energy

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

FundingBlock deal

Ather energy

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

Investors National Investment and Infrastructure Fund II
M&ACompleted

Tiger global management acquires Ather energy

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

Automotive
FundingAngel

Bullwork Mobility

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

Investors Mahesh Shetty
Cleantech
ContractSupply

Switch mobility · client: Celcius logistics solutions

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

Cold chain sector
LaunchNew Data Center Platform

Enerdatics

Enerdatics Launches New Data Center Platform.

Data Center Platform
Funding

Chara technologies

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

Clean tech
ContractTechnology

Celcius Logistics · client: Switch mobility

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

Logistics
ContractSupply

Switch mobility · client: Celcius Logistics

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

Cold chain logistics
ContractSupply

Roto pumps · client: Gps renewables

Roto Pumps Limited has announced a significant domestic sales order from GPS Renewables Private Limited for the design, engineering, and supply of Progressive Cavity Pumps along with…

Energy tech companies in Karnataka, by revenue

Browse energy tech companies in Karnataka by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 244 energy tech companies in Karnataka that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of electric scooters, motorcycles, and energy storage solutions

Electric vehicles
₹4,932.00 crFY 2024-25
-6%2024–2025
8,744-21% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
5postings · last posted Aug 2026

Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

Electric vehicles
₹2,305.20 crFY 2024-25
+29%2024–2025
4,354+8% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
19postings · last posted Sep 2026

Provider of leading biofuels company pioneering advancements in the production of ethanol and compressed biogas for a sustainable future

Renewable energy tech
₹1,968.53 crFY 2024-25
+54%2024–2025
613+46% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
0none in 3 months · last posted Apr 2026

Provider of biogas engineering and clean fuels technology solutions

Solid waste management tech
₹960.72 crFY 2024-25
Not reported
907+120% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

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

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

Provider of battery swapping services for electric vehicles and related infrastructure

Electric vehicles
₹334.84 crFY 2024-25
+17%2024–2025
921LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of SaaS-driven building energy management solution for residential and commercial properties

Energy efficiency tech
₹263.57 crFY 2024-25
+27%2024–2025
472+9% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

Provider of advanced metering infrastructure solutions, unified billing, and system integration

Smart grid
₹251.33 crFY 2024-25
+17%2024–2025
632-30% 12 mo to Aug 2023LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Jun 2026

Platform offering shared electric two-wheeler rentals

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

Manufacturer of electric material handling and people movement equipment

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

Provider of electric mobility solutions

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

Developer of high vaccum technology

Flexible electronics
₹174.13 crFY 2022-23
Not reported
349-83% 12 mo to Jun 2024LinkedIn · Jul 2026
61 yr1965
0none in 3 months · last posted Jun 2026

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

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

Provider of smart-grid solutions to optimize energy generation

Smart grid
₹140.48 crFY 2024-25
+20%2024–2025
383+15% 12 mo to Sep 2024LinkedIn · Jul 2026
28 yr1998
3postings · last posted Aug 2026

Platform offering power conversion products and solutions for e-mobility

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

Provider of hybrid renewable energy solutions integrating wind and solar power

Renewable energy tech
₹119.22 crFY 2024-25
-48%2024–2025
54LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jun 2026

Online platform offering advanced battery technology solutions for electric vehicles

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

Manufacturer of electric three-wheelers

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

Operator of transportation network, connecting riders with independent service providers

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

Manufacturer of lithium-ion cells, battery modules, and energy storage solutions

Smart grid
₹69.31 crFY 2024-25
-11%2024–2025
196+11% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Provider of IoT-based billing and energy management solutions

Smart cities
₹65.14 crFY 2024-25
Not reported
100+26% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

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

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

Provider of IoT-based building energy management systems

Energy efficiency tech
₹59.15 crFY 2023-24
+13%2023–2024
112+67% vs previous recordLinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of lithium ion battery

Energy storage tech
₹57.77 crFY 2023-24
+141%2023–2024
5+151% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

AI-enabled IoT platform for infrastructure monitoring and management

Internet of things infrastructure
₹55.80 crFY 2024-25
+4%2024–2025
202-4% 12 mo to Sep 2024LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Dec 2025
50 of 494 companies shown here · the full list is on Radar
Fliar Radar

Explore all 494 energy tech companies in Karnataka on Radar

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

Open energy tech in Karnataka on Radar
  • Every company, not just 50All 494 energy tech companies in Karnataka, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore energy tech companies in Karnataka by what you are looking for

Find the top energy tech companies in Karnataka, from electric vehicle makers to battery and renewable energy technology providers. You can also browse energy tech startups in Karnataka and listed energy tech companies.

9 ways to explore energy tech in Karnataka

Electric vehicle makers & mobility companiesBattery & energy storage companiesEnergy efficiency & smart building companiesRenewable & solar energy technology companiesEV charging & charging solutions companiesIoT & oil and gas technology companies

Electric vehicle makers & mobility companies

Manufacturers of electric two-wheelers and vehicles, plus EV rental and fleet platforms.

  1. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  2. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list
  3. Greaves Electric Mobility

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

    Electric vehicles
    See in list
  4. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  5. Yulu

    Platform offering shared electric two-wheeler rentals

    Road transport tech
    See in list

Battery & energy storage companies

Companies making lithium-ion batteries, battery swapping and energy storage systems.

  1. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  2. Relicell Battery

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

    Energy storage
    See in list
  3. IPEC

    Platform offering power conversion products and solutions for e-mobility

    Energy storage tech
    See in list
  4. Log9

    Online platform offering advanced battery technology solutions for electric vehicles

    Energy storage tech
    See in list
  5. Nsure Energy

    Manufacturer of lithium-ion cells, battery modules, and energy storage solutions

    Smart grid
    See in list

Energy efficiency & smart building companies

Building energy management, smart grid and IoT energy monitoring providers.

  1. Elmeasure

    Provider of SaaS-driven building energy management solution for residential and commercial properties

    Energy efficiency tech
    See in list
  2. Kalki Communication Technologies

    Provider of smart-grid solutions to optimize energy generation

    Smart grid
    See in list
  3. NSOFT

    Provider of IoT-based billing and energy management solutions

    Smart cities
    See in list
  4. 75F

    Provider of IoT-based building energy management systems

    Energy efficiency tech
    See in list
  5. Sixth Energy Technologies

    AI-enabled IoT platform for infrastructure monitoring and management

    Internet of things infrastructure
    See in list

Renewable & solar energy technology companies

Providers of solar, biogas, hydrogen and other clean energy solutions.

  1. Hind High Vaccum

    Developer of high vaccum technology

    Flexible electronics
    See in list
  2. Integrum Energy

    Provider of hybrid renewable energy solutions integrating wind and solar power

    Renewable energy tech
    See in list
  3. Mecwin Technologies

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

    Solar energy
    See in list
  4. Reconnect Energy

    Provider of cloud and AI-based marketplace for the renewable energy sector

    Renewable energy tech
    See in list
  5. AirProbe

    Drone and cloud-based solutions provider for inspection of solar PV

    Drones
    See in list

EV charging & charging solutions companies

Companies building electric vehicle charging stations and charging networks.

  1. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  2. Kazam

    Platform offering electric vehicle charging and energy management

    Electric vehicles
    See in list
  3. ElectricPe

    Retailer of electric vehicles, charging solutions, and related accessories

    Auto e-commerce & content
    Website
  4. Dynolt

    Power electronics solutions for the clean energy sector

    Energy storage tech
    Website
  5. Ultrafast Chargers

    Manufacturer of electric fast chargers

    Energy storage tech
    Website
40 companies in Karnataka

IoT & oil and gas technology companies

IoT platforms for monitoring energy assets and technology for fuel and oilfield operations.

  1. 75F

    Provider of IoT-based building energy management systems

    Energy efficiency tech
    See in list
  2. Sixth Energy Technologies

    AI-enabled IoT platform for infrastructure monitoring and management

    Internet of things infrastructure
    See in list
  3. Fabric IoT

    Provider of data and energy infrastructure for electric vehicle charging

    Iot applications
    See in list
  4. Melange Systems

    Wireless technology for IoT applications

    Internet of things infrastructure
    See in list
  5. Agileconnects

    Provider of IoT-based energy efficiency and asset monitoring solutions for commercial spaces

    Internet of things infrastructure
    Website

Energy tech startups in Karnataka

Recently founded energy tech companies in Karnataka.

  1. TruAlt Bioenergy

    Provider of leading biofuels company pioneering advancements in the production of ethanol and compressed biogas for a sustainable future

    Renewable energy tech
    See in list
  2. Integrum Energy

    Provider of hybrid renewable energy solutions integrating wind and solar power

    Renewable energy tech
    See in list
  3. Indofast Energy

    Operator of battery swapping network for electric vehicles and retrofits

    Electric vehicles
    See in list
  4. Fabric IoT

    Provider of data and energy infrastructure for electric vehicle charging

    Iot applications
    See in list
  5. Zeno

    Provider of high-performance electric mobility solutions

    Electric vehicles
    See in list
120 companies in Karnataka

Energy tech companies hiring in Karnataka

Energy tech companies in Karnataka with open jobs right now.

  1. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  2. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list
  3. TruAlt Bioenergy

    Provider of leading biofuels company pioneering advancements in the production of ethanol and compressed biogas for a sustainable future

    Renewable energy tech
    See in list
  4. Greaves Electric Mobility

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

    Electric vehicles
    See in list
  5. Elmeasure

    Provider of SaaS-driven building energy management solution for residential and commercial properties

    Energy efficiency tech
    See in list
40 companies in Karnataka

Listed energy tech companies in Karnataka

Publicly listed energy tech companies in Karnataka.

  1. Ola Electric

    Manufacturer of electric scooters, motorcycles, and energy storage solutions

    Electric vehicles
    See in list
  2. Ather Energy

    Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories

    Electric vehicles
    See in list
  3. TruAlt Bioenergy

    Provider of leading biofuels company pioneering advancements in the production of ethanol and compressed biogas for a sustainable future

    Renewable energy tech
    See in list
3 companies in Karnataka
Mobile reach

Top 10 energy tech apps from Karnataka

The most-installed Android apps published by energy tech companies headquartered in Karnataka — 18.0M installs between them. 93 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Yulu - EVs for Rides & Rentals

by Yulu

Installs8.9M
Rating4.08151K ratings
Installs, year on year+17%
Last updatedMay 2026
View on Google Play ↗
Yulu - EVs for Rides & Rentals screenshot 1Yulu - EVs for Rides & Rentals screenshot 2Yulu - EVs for Rides & Rentals screenshot 3Yulu - EVs for Rides & Rentals screenshot 4Yulu - EVs for Rides & Rentals screenshot 5
2

BijliMitra

by Bcits

Installs3.4M
Rating3.8515K ratings
Installs, year on year+52%
Last updatedMay 2026
View on Google Play ↗
BijliMitra screenshot 1BijliMitra screenshot 2BijliMitra screenshot 3BijliMitra screenshot 4BijliMitra screenshot 5BijliMitra screenshot 6
3

Ola Electric

by Ola Electric

Installs2.8M
Rating3.8338K ratings
Installs, year on year+37%
Last updatedApr 2026
View on Google Play ↗
Ola Electric screenshot 1Ola Electric screenshot 2Ola Electric screenshot 3Ola Electric screenshot 4Ola Electric screenshot 5Ola Electric screenshot 6
5

Bolt.Earth - EV Charging App

by Bolt.Earth

Installs450K
Rating4.02K ratings
Installs, year on year+104%
Last updatedJun 2026
View on Google Play ↗
Bolt.Earth - EV Charging App screenshot 1Bolt.Earth - EV Charging App screenshot 2Bolt.Earth - EV Charging App screenshot 3Bolt.Earth - EV Charging App screenshot 4Bolt.Earth - EV Charging App screenshot 5Bolt.Earth - EV Charging App screenshot 6
6

ElectricPe: EV Charging & Shop

by ElectricPe

Installs327K
Rating4.672K ratings
Installs, year on year+17%
Last updatedDec 2025
View on Google Play ↗
ElectricPe: EV Charging & Shop screenshot 1ElectricPe: EV Charging & Shop screenshot 2ElectricPe: EV Charging & Shop screenshot 3ElectricPe: EV Charging & Shop screenshot 4ElectricPe: EV Charging & Shop screenshot 5ElectricPe: EV Charging & Shop screenshot 6
7

MetroRide India

by MetroRide

Installs242K
Rating—
Installs, year on year+9%
Last updatedMay 2026
View on Google Play ↗
MetroRide India screenshot 1MetroRide India screenshot 2MetroRide India screenshot 3MetroRide India screenshot 4MetroRide India screenshot 5MetroRide India screenshot 6
8

Kazam EV Charging

by Kazam

Installs230K
Rating—
Last updatedMar 2026
View on Google Play ↗
Kazam EV Charging screenshot 1Kazam EV Charging screenshot 2Kazam EV Charging screenshot 3Kazam EV Charging screenshot 4Kazam EV Charging screenshot 5Kazam EV Charging screenshot 6
9

Tilt: Shared bikes & e-bikes

by Tilt

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

Energy tech financials in Karnataka

Revenue, profit and growth from the filed annual accounts of 207 energy tech companies in Karnataka for FY24-25 — 268 of the 494 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 67% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹9,077.09 cr

207 companies filing accounts

combined net profit−₹1,899.99 cr

-20.9% aggregate margin

are profitable41%

85 of 207 companies

median revenue~₹1.6 cr

the typical company

median revenue growth+25%

into FY24-25

earned by the top five67%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,638.60 crFY19-20110 filers
₹1,623.13 crFY20-21141 filers
₹3,018.63 crFY21-22162 filers
₹6,377.03 crFY22-23183 filers
₹7,193.17 crFY23-24206 filers
₹9,077.09 crFY24-25207 filers

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

Like-for-like

The same 149 companies over three years

+45%
FY22-23₹6,022.60 cr−₹1,184.91 cr net
FY23-24₹6,507.44 cr−₹2,372.70 cr net
FY24-25₹8,740.01 cr−₹1,449.98 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 cr8731% profitable
₹1–10 cr6837% profitable
₹10–100 cr3868% profitable
₹100–1,000 cr1145% profitable
Over ₹1,000 cr367% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking62
0–20%25
20–50%22
50–100%22
Doubled+50

181 companies with accounts for both years; median growth +25%.

Profitability

Profit is concentrated at the top

85profitable
122loss-making
-20.9%aggregate margin
-16.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Physics MotorsPHYSICS MOTORS TECHNOLOGY PRIVATE LIMITED+542%₹10.81 cr
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED
Simpl EnergySIMPLEENERGY PRIVATE LIMITED
ElectricPeWATTAPP TECHNOLOGIES PRIVATE LIMITED+348%
Emo EnergyMESTIS ENERGY PRIVATE LIMITED
KazamKAZAM EV TECH PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ElectrohmsELECTROHMS PRIVATE LIMITED
Ultralife Batteries IndiaULTRALIFE BATTERIES INDIA PRIVATE LIMITED
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED
Kalki Communication TechnologiesKALKI COMMUNICATION TECHNOLOGIES PRIVATE LIMITED15.7%₹99.52 cr
Integrum EnergyINTEGRUM ENERGY INFRASTRUCTURE LIMITED10.6%₹122.96 cr
TruAlt BioenergyTRUALT BIOENERGY LIMITED8.7%₹1,940.71 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles71₹3,905.22 cr~₹1.0 cr28%-47.3%
Renewable energy tech18₹2,158.63 cr~₹1.2 cr50%8.5%
Smart grid7₹469.38 cr~₹48.6 cr71%9.7%
Energy storage tech36₹326.88 cr~₹2.3 cr33%-38.2%
Energy efficiency tech13₹293.39 cr~₹1.6 cr62%1.8%
Auto components7₹36.59 cr~₹1.7 cr29%-32.7%
Property management tech6₹13.03 cr~₹1.5 cr83%7.5%
Leaders

Largest energy tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Ather EnergyAther Energy Limited₹2,305.20 cr−₹812.30 cr-35.2%+29%
TruAlt BioenergyTRUALT BIOENERGY LIMITED₹1,940.71 cr₹168.45 cr8.7%+52%
GPS RenewablesGPS RENEWABLES PRIVATE LIMITED₹1,008.31 cr₹21.87 cr2.2%+113%
Greaves Electric MobilityGreaves Electric Mobility Limited₹471.90 cr−₹174.10 cr-36.9%+1%
SUN MobilitySun Mobility Private Limited₹334.84 cr−₹92.43 cr-27.6%+17%
ElmeasureELMEASURE INDIA PRIVATE LIMITED₹254.85 cr₹17.77 cr7.0%+27%
BcitsBcits Private Limited₹251.33 cr₹13.82 cr5.5%+17%
YuluYULU BIKES PRIVATE LIMITED₹228.63 cr−₹108.56 cr-47.5%+99%
Ola ElectricOla Electric Mobility Limited₹195.00 cr−₹40.00 cr-20.5%-3%
Relicell BatteryGREENVISION TECHNOLOGIES PRIVATE LIMITED₹141.29 cr₹4.61 cr3.3%+16%
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 Karnataka maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the energy tech landscape of Karnataka
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

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 Karnataka 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, Karnataka9

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 Karnataka

6Acquisition
2Merger
1Completed

Most active acquirers

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

Most acquired or merged

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

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

Go deeper in the energy tech landscape reports:

Energy Tech Industry Landscape of India

Energy tech funding in Karnataka

125 energy tech companies in Karnataka have recorded equity funding, US$3.02bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Karnataka

Meet the people behind energy tech companies in Karnataka. 356 of 494 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Karnataka energy tech companies by sub-sector

The most common specialisations among energy tech companies in Karnataka. 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.

Coming soon