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 $6.48M 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 RevFin, Ecofy and CreditWise Capital.
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
$6.48M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 07, 2024
Investors
Ranked
4th among 16 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2026
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 | Reports |
|---|---|---|---|---|
ASCEND BIZCAP PRIVATE LIMITED CIN: U65999RJ2018PTC062101 , India, Active | Aug 29, 2018 | ₹50 - ₹100 Cr (As on Mar 31, 2026) | 375 (As on Mar 01, 2026) |
Sign up to download Ascend Capital's company profile
Ascend Capital's funding and investors
Ascend Capital has raised a total funding of $6.48M over 2 rounds. Its first funding round was on Jun 19, 2021. 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 | 8753416 | Series A | 9212051 | 5918047 | 1246466 | 7146027 |
Jun 19, 2021 | 5271287 | Seed | 3779027 | 9695011 | 1419592 | 5007339 |
Access funding benchmarks and valuations. Sign up today!View details of Ascend Capital's funding rounds and investors
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 | 8y 1m | |
Team | - | Current | 8y 1m |
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:
Uncover Ascend Capital's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Ascend Capital's Competitors and alternates
Top competitors of Ascend Capital include RevFin, Ecofy and CreditWise Capital. Here is the list of Top 10 competitors of Ascend Capital, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Digital lending platform providing loans for electric vehicle drivers | $34.8M | 68/100 | ||
2nd | Financial solutions for the electric vehicle, solar, and SME sectors | $65.5M | 68/100 | ||
3rd |  CreditWise Capital 2018, Mumbai (India), Series A | Provider of technology driven consumer finance and vehicle insurance products | $36.4M | 67/100 | |
4th |  Ascend Capital 2018, Jaipur (India), Series A | Platform offering alternative financing solutions for electric vehicles | $6.48M | 59/100 | |
5th | VidyutTech 2021, Bengaluru (India), Series A | Provider of integrated electric vehicle ownership solutions including flexible financing, service, and resale support | $17.6M | 58/100 | |
6th | Driver-centric platform offering battery swapping and charging solutions for electric vehicles | $12M | 56/100 | ||
7th |  Three Wheels United 2010, Bengaluru (India), Series A | Provider of a electric vehicle financing for low-income clients | $10.1M | 44/100 | |
8th |  ProsParity 2023, Mumbai (India), Seed | Financing platform for electric mobility | $2.34M | 42/100 | |
9th | Terra Motors 2010, Kolkata (India), Series A | Manufacturer of electric rickshaws, autos, cargo vehicles, and charging solutions | $10M | 42/100 | |
10th |  Ohm Mobility 2020, Bengaluru (India), Seed | Platform providing financing for electric vehicle businesses, including loans and leases | $620K | 37/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Ascend Capital's competitors? Click here to see the top ones
Financials of Ascend CapitalFY 26 Available
ASCEND BIZCAP PRIVATE LIMITED, the legal entity associated with Ascend Capital, generated between ₹50 Cr and ₹100 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of ASCEND BIZCAP PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 131% in the last 1 year.
Financial Statement Summary
Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 1136 | 4399 | 7444 | 3746 | 6593 |
Total Sales | 3091 | 3531 | 9636 | 8058 | 5818 |
Total Expenses | 4126 | 4927 | 1701 | 2801 | 2606 |
Operating Expenses | 4337 | 4475 | 8870 | 8357 | 9136 |
Employee Expenses | 3693 | 8206 | 9961 | 9983 | 5296 |
Operating Income (EBIT) | 5622 | 8735 | 6692 | 6558 | 2371 |
Interest Expenses | 8175 | 5380 | 2766 | 4753 | 6870 |
Expenses from other activities | 1211 | 8612 | 3260 | 9187 | 2041 |
EBITDA | 6780 | 4957 | 5938 | 4944 | 9498 |
Taxes | 9035 | 3506 | 7975 | 2117 | 5635 |
Net Profit | 3070 | 1866 | 6763 | 7084 | 5952 |
Balance Sheet | |||||
Assets | 6818 | 4774 | 9136 | 5567 | 6179 |
Accounts Receivables | 5292 | 3248 | 4889 | 4367 | 7522 |
Inventory | 7502 | 5265 | 4910 | 1012 | 2312 |
Liabilities | 7691 | 1533 | 3314 | 5253 | 7008 |
Total Debt | 1149 | 2264 | 5018 | 5736 | 5868 |
Accounts Payable | 1181 | 2515 | 2063 | 2663 | 1565 |
Equities | 1913 | 2417 | 1925 | 6171 | 5083 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
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
•
Ascend Capital's Bold Leap: Hiring 500 to Revolutionize Tech in EV FinancingBNN•Feb 21, 2024•Ascend Capital
•
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
•
Ascend Capital Plans to Raise Rs 500 Crore to Finance 1 Million EVs by 2030News18•Jul 20, 2023•Ascend Capital
•
Ascend Capital invests in Medical Specialists of the Palm BeachesPE Hub•Dec 05, 2022•Ascend Capital, Medical Specialists of the Palm Beaches, CareAbout Health
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Ascend Capital
Explore our recently published companies
- Humpty Roll-Off Rentals - Beasley based, Unfunded company
- Hummilitas - Grosse Pointe based, 2022 founded, Unfunded company
- Human-Centric-Innovators - Germany based, 2021 founded, Unfunded company
- Humanmade Futures - United Kingdom based, 2025 founded, Unfunded company
- Huckleberry Tree Care - Portland based, Unfunded company
- Hudle - Unfunded company
