Ascend Capital - About the company
Ascend Capital is a series A company based in Jaipur (India), founded in 2018 by Gaurav Maheshwari. It operates as a Platform offering alternative financing solutions for electric vehicles. Ascend Capital has raised $6.02M in funding from Info Edge Ventures and Asha, with a current valuation of $*****. The company has 16 active competitors, including 11 that are funded. Its top competitors include companies like Ecofy, CreditWise Capital and RevFin.
Company Details
Platform offering alternative financing solutions for electric vehicles. It provides users with a company that offers financial products for individuals, fleet operators, and businesses who are looking to purchase electric vehicles. It also offers competitive interest rates, flexible repayment options, and quick approval processes.
- Website
- ascendcap.in
- Social
- Email ID
- *****@ascendcap.in
- Phone Number
- +91 **********
- Registered Address
- 607-609, 606A, 610, 4th Floor Anchor Mall, Civil Lines, Jaipur, Jaipur, Rajasthan, India, 302006
Key Metrics
Founded Year
2018
Location
Jaipur, India
Stage
Series A
Total Funding
$6.02M in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Nov 07, 2024
Investors
Ranked
4th among 16 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
329 as on Aug 31, 2025
Legal entities associated with Ascend Capital
Ascend Capital is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ASCEND BIZCAP PRIVATE LIMITED CIN: U65999RJ2018PTC062101 , India, Active | Aug 29, 2018 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 375 (As on Mar 01, 2026) |
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Ascend Capital's funding and investors
Ascend Capital has raised a total funding of $6.02M over 1 round. Its latest funding round was a Series A round on Feb 07, 2024 for $*****. 2 investors participated in its latest round. Ascend Capital has 5 institutional investors and 30 angel investors.
Here is the list of recent funding rounds of Ascend Capital:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 07, 2024 | 5155390 | Series A | 8243953 | 9714098 | 2349372 | 3619903 |
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Ascend Capital's founders and board of directors
Founder? Claim ProfileThe founders of Ascend Capital is Gaurav Maheshwari.
Here are the details of Ascend Capital's key team members:
- Gaurav Maheshwari: Co-Founder & Director of Ascend Capital. They serve on the board of 1 company.Contact Info: 1 email address and 2 phone numbers
Ascend Capital's Board of Directors
Ascend Capital's board has 2 active members. Gaurav Maheshwari and Lokesh Chandra are part of team.Here is the list of Ascend Capital's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 11m | |
Team | - | Current | 7y 11m |
View details of Ascend Capital's Founder profiles and Board Members
Ascend Capital's employee count trend
Ascend Capital has 329 employees as of Aug 25. The total employee count is 54.0% more than what it was in Aug 24. Here is Ascend Capital's employee count trend over the years:
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Ascend Capital's Competitors and alternates
Top competitors of Ascend Capital include Ecofy, CreditWise Capital and RevFin. Here is the list of Top 10 competitors of Ascend Capital, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Financial solutions for the electric vehicle, solar, and SME sectors | $65.5M | 71/100 | ||
2nd |  CreditWise Capital 2018, Mumbai (India), Series A | Provider of technology driven consumer finance and vehicle insurance products | $36.4M | 68/100 | |
3rd | Digital lending platform providing loans for electric vehicle drivers | $34.8M | 59/100 | ||
4th |  Ascend Capital 2018, Jaipur (India), Series A | Platform offering alternative financing solutions for electric vehicles | $6.02M | 57/100 | |
5th | VidyutTech 2021, Bengaluru (India), Series A | Provider of platform offering electric vehicles financing | $20M | 55/100 | |
6th | Driver-centric platform offering battery swapping and charging solutions for electric vehicles | $12M | 53/100 | ||
7th |  Three Wheels United 2010, Bengaluru (India), Series A | Provider of a electric vehicle financing for low-income clients | $10.1M | 44/100 | |
8th | Terra Motors 2010, Kolkata (India), Series A | Manufacturer of electric rickshaws, autos, cargo vehicles, and charging solutions | $10M | 42/100 | |
9th |  ProsParity 2023, Mumbai (India), Seed | Financing platform for electric mobility | $2.34M | 42/100 | |
10th |  Ohm Mobility 2020, Bengaluru (India), Seed | Platform providing financing for electric vehicle businesses, including loans and leases | $620K | 37/100 |
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Ascend Capital's Latest cap tables and shareholding
Founders own 0.00%, Funds own 49.51% and Parent Entities (largest shareholder) own 50.49%. The net worth of Ascend Capital's founders is INR 23.1K as of Oct 29, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 0.00% | 23.1K | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 49.51% | 50Cr | 4551228 | 2373555 | 1679507 | 5834002 |
8496598 | 6772871 | 5814504 | 2172782 | 7095624 | 3484028 | |
8079779 | 7323703 | 8144955 | 2938917 | 3321068 | 2165079 | |
Parent Entity | 50.49% | 51Cr | 6732343 | 1081353 | 3983235 | 6233682 |
Total | 100.00% | 101Cr | 2454623 | 7562590 | 6915299 | 4307672 |
To unlock detailed Cap Table of Ascend Capital Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Ascend Capital's Shareholding
Ascend Capital's Investments and acquisitions
Ascend Capital has made 2 investments in Moladin and Moladin. Ascend Capital has not made any acquisitions as of now.Reports related to Ascend Capital
Here is the latest report on Ascend Capital's sector:
News related to Ascend Capital
•
Ascend Capital Partners Acquires Majority Stake in Unison Therapy ServicesBusiness Wire•Jan 09, 2025•Ascend Capital, Unison
•
Chargeup Partners With Credit Fair And Ascend Capital For E3W FundingElectronicsB2B•Feb 22, 2024•Chargeup, Credit Fair, Ascend Capital, ChargeUp
•
•
Moove secures $10m in first external debt funding round led by Stride VenturesFintech•Feb 19, 2024•Stride Ventures, Moove, Stride Ventures, Speedinvest and 15 others
•
EV financing startup Ascend Capital raises Rs 50 Cr in Series AYourStory•Feb 14, 2024•Ascend Capital, Info Edge Ventures, Asha
•
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