Electra EV - About the company
Electra EV is a series B company based in Pune (India), founded in 2017 by Ratan Naval Tata. It operates as a Manufacturer of electric vehicle powertrains, battery systems, and energy storage. Electra EV has raised $25M in funding from GEF Capital Partners, with a current valuation of ₹*****. The company has 101 active competitors, including 20 funded and 7 that have exited. Its top competitors include companies like TSUYO, Vitesco Technologies and Equipmake.
Company Details
Manufacturer of electric vehicle powertrains, battery systems, and energy storage. The company designs and manufactures full electric vehicle powertrains and related components. These products are engineered for use in various vehicle types and applications. The company also provides battery energy storage systems for residential, commercial, and industrial sectors.
- Website
- electraev.com
- Social
- Email ID
- *****@electraev.com
- Phone Number
- +1 **********
- Registered Address
- SF No 698/3, Irugur,Michael Job College,Ravathur, Sulur, Coimbatore, Palladam, Tamil Nadu, India, 641402
Key Metrics
Founded Year
2017
Location
Pune, India
Stage
Series B
Total Funding
$25M in 1 round
Latest Funding Round
Post Money Valuation
₹***** as on Oct 27, 2022
Investors
Ranked
3rd among 101 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
195 as on Aug 31, 2025
Legal entities associated with Electra EV
Electra EV is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ELECTRODRIVE POWERTRAIN SOLUTIONS PRIVATE LIMITED CIN: U74999TZ2017PTC029256 , India, Active | Jul 25, 2017 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 195 (As on Aug 01, 2025) |
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Electra EV's funding and investors
Electra EV has raised a total funding of $25M over 1 round. Its latest funding round was a Series B round on Oct 27, 2022 for $*****. 1 investor participated in its latest round. Electra EV has 1 institutional investor and 3 angel investors.
Here is the list of recent funding rounds of Electra EV:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 27, 2022 | 1547675 | Series B | 7412874 | 2052586 | 7695037 | 2236819 |
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Electra EV's founders and board of directors
Founder? Claim ProfileThe founders of Electra EV is Ratan Naval Tata. Samir Yajnik is the CEO of Electra EV.
Here are the details of Electra EV's key team members:
- Ratan Naval Tata: Former Founder of Electra EV. They are also an angel investor in 54 startups and serve on the boards of 2 companies.
- Samir Yajnik: CEO of Electra EV. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Electra EV's Board of Directors
Electra EV's board has 4 active members. Ratan Naval Tata, Sridhar Narayan, Samir Yajnik and Samir Yajnik are part of team.Here is the list of Electra EV's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 4m | |
vpqjdkt | Team | - | Current | 4y 7m |
lcodrpa | Team | - | Current | 2y 9m |
Investor | GEF Capital Partners | Current | 3y 9m |
View details of Electra EV's Founder profiles and Board Members
Electra EV's employee count trend
Electra EV has 195 employees as of Aug 25. The total employee count is 1.0% more than what it was in Aug 24. Here is Electra EV's employee count trend over the years:
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Electra EV's Competitors and alternates
Top competitors of Electra EV include TSUYO, Vitesco Technologies and Equipmake. Here is the list of Top 10 competitors of Electra EV, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform offering motors for multi-category electric-three wheelers | $4.5M | 64/100 | ||
2nd |  Vitesco Technologies 2018, Hannover (Germany), Acquired | Developer of powertrain system for multi-category vehicles | - | 62/100 | |
3rd | Electra EV 2017, Pune (India), Series B | Manufacturer of electric vehicle powertrains, battery systems, and energy storage | $25M | 53/100 | |
4th |  Equipmake 2002, Snetterton (United Kingdom), Public | Developer of electric drivetrain solutions for automotive, aerospace, and bus industries | - | 51/100 | |
5th |  Hexagon Purus 2018, Alesund (Norway), Public | Provider of systems and solutions for clean transportation and energy applications | - | 51/100 | |
6th |  IRP Systems 2015, Ness Ziona (Israel), Series C | Provider of software-defined electric powertrain system for micro mobility | $57M | 51/100 | |
7th |  Scalvy 2022, Mountain View (United States), Series A | Developer of powertrain system for multiple cateories of electric vehicles | $16.9M | 49/100 | |
8th |  InfiMotion 2021, Wuxi (China), Series A | Manufacturer of powertrain systems for electric vehicles | - | 48/100 | |
9th |  BNC Motors 2020, Coimbatore (India), Series A | Manufacturer of electric two-wheeled vehicles, batteries, and related electronic components | $8.66M | 48/100 | |
10th |  SAMHYUN 1988, Changwon (South Korea), Public | Provider of electric drive systems for electric vehicles | - | - | 48/100 |
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Electra EV's Latest cap tables and shareholding
Founders (largest shareholder) own 84.70%, Funds own 12.64%, Other People own 0.09% and ESOP Pool own 2.57%. The net worth of Electra EV's founders is INR 1,270Cr as of Oct 27, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 84.70% | 1,270Cr | 2129508 | 1187101 | 5849205 | 4583035 |
2446809 | 5345711 | 5245193 | 3092844 | 1028912 | 8913636 | |
Fund | 12.64% | 190Cr | 7571657 | 5954717 | 1551169 | 2789840 |
1460348 | 6674457 | 9275359 | 9270846 | 7732968 | 2600150 | |
Other People | 0.09% | 1.33Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 2.57% | 38.6Cr | 98 | 81 | 80 | 98 |
Total | 100.00% | 1,500Cr | 8684563 | 6419699 | 5578666 | 3835517 |
To unlock detailed Cap Table of Electra EV 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 Electra EV's Shareholding
Electra EV's Investments and acquisitions
Electra EV has made no investments or acquisitions yet.
Reports related to Electra EV
Here is the latest report on Electra EV's sector:
News related to Electra EV
Filter this listMedia has covered Electra EV for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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LeafyBus Secures $4.1Mn Funding To Add To Electric Bus FleetInc42•Sep 02, 2025•Leafybus, Impact Capital Asset Management, Electra EV, Tribe Impact Capital and 1 other
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EV Startup Electra EV Launches SDV Tech, Hires Ola Exec As LeadElectronicsforyou•Oct 17, 2024•Electra EV
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Electra raises funds to expand fast-charging infrastructure in Belgiumelectrive.com•Jun 12, 2024•Electra EV, Accor
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Electra and Eurasian Resources Group Sign Cobalt Supply AgreementElectra Battery Materials•Apr 02, 2024•Electra Battery Materials, Eurasian Resources, Electra EV
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Bill Gates, Amazon backed Startup Opens World's 1st Green Steel PlantIndianWeb2•Mar 30, 2024•Electra EV, Amazon
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French Cloud Gaming Gamestream raises 4.5 million euros for its global expansionL'Entrepreneur•Mar 15, 2024•Gamestream, Disney, Outright Games, Microids and 11 others
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Electra surpasses 2,000 orders for its electric-hybrid aircraftInceptive Mind•Jan 25, 2024•Electra EV
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