
Provider of electric vehicle solutions for commercial and personal transportation
2018
Delhi
Seed
Electric Three-Wheelers (Cargo) – Cargo e-rickshaws and tippers with up to 300 km range, fast charging, and battery swapping options
Electric Three-Wheelers (Passenger) – Models for rural and urban passenger transport, including air-conditioned variants
Electric Two-Wheelers – Scooters for cargo and passenger use with multi-battery flexibility
Electric Trucks & Pickups – Light commercial vehicles for goods transport and logistics
Battery Solutions – Proprietary OSM NRG platform with fixed, fast charging (15 minutes), and swappable battery options
Charging Infrastructure – Network support for fixed, fast, and swap charging stations
Direct Vehicle Sales – B2B sales to fleet operators, logistics firms, and last-mile delivery services with tiered pricing by model and battery options
Battery-as-a-Service (BaaS) – Revenue from swappable battery subscriptions and fast-charging ecosystem partnerships
After-Sales & Maintenance – Recurring income from servicing, spare parts, and extended warranties for commercial fleets
Custom Fleet Solutions – Tailored contracts for enterprises including cold-chain logistics vehicles and specialized EV configurations
Infrastructure Partnerships – Collaboration revenue from charging station networks and energy company tie-ups for nationwide deployment
$3Million
2
$3Million, Seed
as of June 3, 2024
$125Million
as of June 27, 2024
-
as of N/A
EXEDY
320
Physics Motors
No Exits
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| June 3, 2024 | Seed | $3Million | $125Million | $9.86Million | 12.4x | EXEDY |