Autovert - About the company
Autovert is an acquired company based in Bengaluru (India), founded in 2017 by Uday Disley and Sachin Mehta. It operates as an Online platform for electric vehicles financing. Autovert has raised $194K in funding from Accretive Cleantech Finance, with last known valuation of ₹*****. The company has 17 active competitors, including 8 funded and 1 that has exited. Its top competitors include companies like Alt Mobility, Astranova and MoEving.
Company Details
Autovert is an internet-first lender that provides financing platforms exclusively for the next generation of connected vehicles/electric vehicles. It offers auto-finance products for electric bikes. Users can choose from multiple financing options.
- Website
- autovert.in
- Social
- Email ID
- *****@autovert.in
- Registered Address
- Millennium No. - 1082, HAL 2nd Stage 2nd Floor, 12th Main Road, 5th Cross, HAL 2nd Stage, Indiranagar, Indiranagar (Bangalore), Bangalore, Bangalore North, Karnataka, India, 560038
Key Metrics
Founded Year
2017
Location
Bengaluru, India
Stage
Acquired
Total Funding
$194K in 3 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Mar 11, 2019
Investors
Ranked
5th among 17 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
51 as on Aug 31, 2025
Similar Companies
Exit Details
Acquired by Ecofy (Dec 13, 2022)
Legal entities associated with Autovert
Autovert is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
AUTOVERT TECHNOLOGIES PRIVATE LIMITED CIN: U74999KA2017PTC102090 , India, Active | Apr 07, 2017 | $1M - $10M (As on Mar 31, 2025) | 47 (As on Apr 01, 2026) |
Autovert's acquisition details
Autovert got acquired by Ecofy on Dec 13, 2022.
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Autovert's funding and investors
Autovert has raised a total funding of $194K over 3 rounds. Its first funding round was on Oct 25, 2017. Its latest funding round was a Seed round on Nov 22, 2022 for $*****. 1 investor participated in its latest round. Autovert has 2 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Autovert:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 22, 2022 | 6937237 | Seed | 1604218 | 1008500 | 5421803 | 7554260 |
Mar 11, 2019 | 6262653 | Angel | 6637334 | 6725446 | 6330539 | |
Oct 25, 2017 | 9129683 | Angel | 5655743 | 4932247 |
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Autovert's founders and board of directors
Founder? Claim ProfileHere are the details of Autovert's key team members:
- Uday Disley: Former Co-Founder of Autovert. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 phone number
- Sachin Mehta: Former Co-Founder of Autovert. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Kartik Gupta: CEO of Autovert. Contact Info: 1 email address
Autovert's Board of Directors
Autovert's board has 2 active members. Govind Sankaranarayanan and Rajashree Nambiar are independent board members.Here is the list of Autovert's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
ssfzafr | Team | - | Past | 8y 4m |
fxtruvp | Team | - | Past | 4y 1m |
kwfbky{ | Team | - | Past | 4y 1m |
Independent board member | - | Current | 3y 6m | |
qonnwwq | Independent board member | - | Current | 8y 5m |
View details of Autovert's Founder profiles and Board Members
Autovert's employee count trend
Autovert has 51 employees as of Aug 25. The total employee count is 70.0% more than what it was in Aug 24. Here is Autovert's employee count trend over the years:
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Autovert's Competitors and alternates
Top competitors of Autovert include Alt Mobility, Astranova and MoEving. Here is the list of Top 10 competitors of Autovert, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Alt Mobility 2020, Delhi (India), Series A | Provider of electric vehicle leasing and lifecycle management solutions | $17.3M | 69/100 | |
2nd | Provider of electric vehicle leasing and fleet asset management services | $11.5M | 65/100 | ||
3rd | Electric mobility solutions for logistics companies | $15.3M | 61/100 | ||
4th |  Stride Green 2024, Gurugram (India), Seed | Provider of a platform for asset leasing, finance and management | $3.5M | 53/100 | |
5th | Online platform for electric vehicles financing | $194K | 50/100 | ||
6th | Online platform providing electric delivery vehicle rental services | $1.78M | 43/100 | ||
7th | App-based platform offering doorstep fuel delivery services | - | - | 42/100 | |
8th | Online electric bikes rental platform | - | - | 35/100 | |
9th | Subscription-based electric vehicle rental service provider | $553K | 34/100 | ||
10th | SpeedForce EV 2026, Vadodara (India), Unfunded | Manufacturer of electric utility vehicles | - | - | 27/100 |
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Autovert's Latest cap tables and shareholding
Founders (largest shareholder) own 80.13%, Enterprises own 6.86%, Angels own 2.67% and Other People own 10.35%. The net worth of Autovert's founders is INR 12Cr as of Nov 22, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 80.13% | 12Cr | 4917012 | 9579812 | 6983819 | 8923829 |
9717014 | 2062504 | 9213258 | 4091124 | 6768565 | 8278257 | |
6844184 | 4044885 | 6735066 | 7205740 | 2299178 | 5709149 | |
Enterprise | 6.86% | 1.03Cr | 345587 | 783517 | 627946 | 153929 |
Angel | 2.67% | 40L | 42 | 39 | 35 | 40 |
2 | 8 | 7 | 3 | 7 | 5 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 10.35% | 1.55Cr | 4124551 | 4562280 | 8682545 | 6729748 |
Total | 100.00% | 15Cr | 9121265 | 6133451 | 6647716 | 3251591 |
To unlock detailed Cap Table of Autovert 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 Autovert's Shareholding
Autovert's Investments and acquisitions
Autovert has made no investments or acquisitions yet.
Reports related to Autovert
Here is the latest report on Autovert's sector:
News related to Autovert
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•
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Ampere Vehicles collaborates with Autovert TechnologiesManufacturingtodayindia•Aug 10, 2020•Ampere Vehicles, Autovert
•
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