2022
Mumbai (India)
Seed
Vajram Electric is a leading Indian electric vehicle (EV) manufacturer, recognized for its innovation, precision engineering and sustainable manufacturing practices. Vajram Electric operates as a wholly owned subsidiary of eBikeGo. The company has quickly positioned itself as a key player in the domestic and global EV industry, serving both urban and rural markets with a diverse portfolio of electric mobility solutions.
Electric Two-Wheelers: High-performance e-scooters and e-bikes for urban and personal mobility.
Electric Three-Wheelers: Eco-friendly vehicles for cargo and passenger transport.
EV Smart Wheelchairs: Advanced, tech-enabled electric wheelchairs for accessibility and healthcare.
EV Trikes & E-Cycles: Stable trikes and electric cycles for diverse commuting needs.
Contract Manufacturing & OEM Services: End-to-end EV manufacturing solutions for global brands and white-label partners.
Fleet & Rental Solutions: Electric vehicle fleets for logistics, rentals and commercial operators.
After-Sales Service & Spare Parts: Maintenance, technical support and spare parts for all EV models.
Direct Sales: Sells electric two-wheelers, three-wheelers, trikes and e-cycles directly to consumers (B2C) and businesses (B2B).
Contract Manufacturing: Manufactures EVs for global automotive brands, earning revenue through large-scale, high-value production contracts.
OEM Services: Provides original equipment manufacturing (OEM) and white-label solutions for other mobility brands, leveraging its advanced facilities.
Rental & Fleet Solutions: Offers electric vehicles for fleet operators, logistics companies and rental platforms, creating recurring revenue streams.
After-Sales Services: Generates additional income from maintenance, spare parts and technical support for its vehicle portfolio.
B2C: Urban and rural consumers seeking affordable, reliable electric mobility solutions.
B2B: Fleet operators, logistics firms and institutional buyers requiring bulk EV solutions.
Enterprise: International automotive brands (e.g., Acer Electric, Daewoo Motors, WHILL) leveraging Vajram’s contract manufacturing and OEM capabilities.
Healthcare & Accessibility: Organizations and individuals seeking advanced electric wheelchairs and mobility aids.
Capacity Expansion: Ongoing fundraising to expand manufacturing lines, integrate automation and boost output for domestic and global demand.
Product Innovation: Continuous R&D investment in new EV models, smart mobility solutions and sustainable production methods.
Global Partnerships: Strengthening ties with international brands to become a preferred manufacturing partner worldwide.
Market Diversification: Expanding into new geographies and customer segments, including healthcare and accessibility markets.
Sustainability Leadership: Commitment to solar-powered, zero-waste and energy-efficient manufacturing for long-term industry leadership.
$1.5 Million
1
$1.5 Million, Seed
as of September 14, 2022
$11.6 Million
as of October 23, 2024
7.73×
as of October 23, 2024
Twogrid Technologies
and 1 more15
Baaz
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
September 14, 2022 | Seed | $1.5 Million | $10.4 Million | - | - | Nikul Gala & family, Twogrid Technologies |