2011
Jaipur (India)
Seed
Pravaig is a pioneering deep-tech mobility company headquartered in New Delhi, India, with major operations in Bengaluru and a global presence spanning Singapore, the United States and France. Pravaig specializes in the design and manufacturing of electric vehicles (EVs), advanced battery systems and artificial intelligence solutions for autonomous mobility. The company’s mission is to build world-class products that empower users with control over their time, resources and data—anchored in the core values of privacy, right to repair, and true ownership.
Electric Vehicles: Premium electric SUVs (Defy), tactical all-terrain vehicles (VEER) and light commercial EVs (Katana) designed for urban, commercial and defense applications.
Advanced Batteries: High-precision, in-house developed lithium-ion battery packs for EVs, drones, grid storage and commercial energy systems.
Artificial Intelligence Solutions: AI-driven technologies for autonomous vehicles, mobility analytics and connected car features.
Defense & Unmanned Systems: Unmanned Ground Vehicles (UGV), electric tactical vehicles (E-TATV) and stealth vehicles for military and reconnaissance use.
Mobility-as-a-Service (MaaS): Purpose-built EVs and platforms for fleet operators, shared mobility and subscription-based urban transport.
Sustainable & Repairable Design: Vehicles and components engineered for sustainability, modularity and easy repair, supporting eco-friendly and privacy-respecting mobility.
Global Energy & Grid Solutions: Battery and energy storage systems for commercial and grid-scale applications, supporting renewable integration and backup power.
Direct Vehicle Sales: Sells luxury electric SUVs and special-purpose vehicles (SPVs) directly to B2B clients (fleet operators, defense, airlines, tourism companies) and select B2C customers via its website, bypassing traditional dealership networks.
Mobility-as-a-Service (MaaS): Provides purpose-built vehicles for fleet and subscription-based mobility services, targeting the emerging robotaxi and shared mobility markets.
Advanced Battery Solutions:Manufactures and sells high-performance battery packs for automotive, utility, commercial and defense applications, including exports to Europe and the Middle East.
Contract Manufacturing & OEM Partnerships: Contract manufactures vehicles and batteries for other brands, supporting their electrification and energy storage needs.
Defence & Strategic Solutions: Supplies advanced EVs and battery systems for defense and sensitive applications, with products like the VEER E-TATV designed for military use.
AI & Software Solutions: Offers proprietary AI-driven platforms for autonomous vehicles, mobility analytics and open-source, privacy-first digital tools.
B2B:Fleet operators, defense agencies, airlines, tourism companies and OEM partners.
B2C:Select individual customers, especially for luxury EVs and subscription-based services.
Enterprise & Institutional: Energy storage, utility companies and government bodies seeking advanced battery and mobility solutions.
Global Expansion: Establishing manufacturing in Saudi Arabia for left-hand drive EVs, targeting the US, Europe and Gulf markets.
Product Innovation: Ongoing R&D in battery tech, AI and modular vehicle platforms for both civilian and defense sectors.
Vertical Integration: In-house development of critical technologies, ensuring control over IP, cost and quality.
Sustainability & Localization: High localization of components and sustainable manufacturing practices to support India’s clean tech ecosystem.
$4.77 Million
2
$3.7 Million, Seed
as of February 18, 2021
$131 Million
as of February 18, 2021
27.47×
as of February 18, 2021
Eren Groupe
and 1 more115
Baaz
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 18, 2021 | Seed | $3.7 Million | $131.0 Million | $14.2 K | - | Eren Groupe |
January 3, 2020 | Seed | $1.0 Million | $38.9 Million | - | - | Vouno |