Ampere Vehicles

Ampere Vehicles

Manufacturer of multi-category electric-vehicles

Founded

2008

Headquarters

Coimbatore (India)

Status

Acquired

Company Details

Ampere Vehicles is an Indian electric mobility company that specializes in designing and manufacturing electric two-wheelers, including scooters and three-wheelers. Here are the key details about the company:

Overview

  • Founded: 2008

  • Headquarters: Coimbatore, Tamil Nadu, India

  • Industry: Electric Vehicles (EVs)

Products and Services

Ampere Vehicles offers a diverse range of electric vehicles, focusing on cost-effective solutions for urban mobility. Their product lineup includes:

  • Electric Scooters: Notable models include the Ampere Magnus and Ampere Primus.

  • Three-Wheelers: The company manufactures e-autos and e-rickshaws under the brands Ele and Teja.

In recent developments, Ampere launched the Ampere Nexus, which features advanced specifications such as four riding modes and an LFP battery.

Acquisition

In November 2019, Ampere Vehicles was acquired by Greaves Cotton, a significant player in the Indian automotive industry. This acquisition has allowed Ampere to leverage Greaves' extensive distribution network and resources for further growth.

Market Position

Ampere is recognized as one of the leading players in the Indian electric scooter market, having sold over 200,000 electric scooters. The company is committed to promoting eco-friendly transportation solutions and has been involved in various initiatives to enhance electric vehicle adoption in India.

Innovations and Initiatives

Ampere has focused on optimizing research and technology to create energy-efficient vehicles. The company actively participates in campaigns like "Har Gully Electric" to promote sustainable mobility across India.

Recent Developments

  • Ampere has expanded its dealership network significantly, with over 200+ dealerships across the country.

  • The company continues to innovate with new product launches and enhancements to existing models.

In summary, Ampere Vehicles is a prominent player in India's electric vehicle landscape, dedicated to providing accessible and sustainable transportation solutions while contributing to the broader goal of reducing carbon emissions.

Key People

Hemalatha Annamalai

Key Metrics

Total Equity Funding

$227Million

No. of Funding Rounds

4

Latest Funding Round

$220.0Million, Series B

as of June 2, 2022

Post Money Valuation

$419M

as of N/A

Funding Multiple

7.58

as of N/A

Investors

Forum Synergies

and 4 more

Employee Count

366

Similar Companies

Baaz

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
June 2, 2022Series B$220.0Million- $261.0Million--Corporate: Abdul Latif Jameel
July 8, 2015 Series A$2.0Million-$282.0Million-Institutional: Forum Synergies, Rnt Associates Corporate: Pratithi Investment, Loglabs Ventures, Bhoruka Finance Corporation Of India Angel: Ratan N Tata, Subramanyan Krishnan, Venkatram Krishnan, Vineet Agarwal, Senthil Kumar Vasulingam
August 3, 2013Series A$3.3Million--- Axon Partners Group, Forum Synergies
May 5, 2016Series A$1.5M---- Forum Synergies , RiverBridge

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