When was Electra EV founded?

Electra EV was founded in 2017 and raised its 1st funding round 5 years after it was founded.

Where is Electra EV located?

Electra EV is headquartered in Pune, India. It is registered at SF No 698/3, Irugur,Michael Job College,Ravathur, Sulur, Coimbatore, Palladam, Tamil Nadu, India, 641402.

Which legal entities is Electra EV associated with?

Electra EV is associated with ELECTRODRIVE POWERTRAIN SOLUTIONS PRIVATE LIMITED.

How many employees does Electra EV have?

As of Aug 31, 2025, the latest employee count at Electra EV is 195.

Is Electra EV a funded company?

Electra EV is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Oct 27, 2022.

How much is Electra EV worth?

The latest valuation of Electra EV is ₹***** as of Oct 27, 2022.

When was the latest funding round of Electra EV?

Electra EV's latest funding was a $***** Series B round on Oct 27, 2022, with participation from 1 investor.

What is the annual revenue of Electra EV?

Annual revenue of Electra EV is ₹258Cr as on Mar 31, 2025.

Where does Electra EV rank among its competitors?

Electra EV ranks 8th amongst 99 active competitors, of which 19 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Pionix, which secured $9.28M in Nov, 2025.

Who are the top competitors of Electra EV?

Electra EV's top competitors include KPIT, TSUYO and IRP Systems. Among them, Pionix secured the most recent funding round in November, 2025.

Electra EV - 2026 Company Profile, Team, Funding, Competitors & Financials

Electra EV is a series B company based in Pune (India), founded in 2017 by Ratan N 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 99 active competitors, including 19 funded and 8 that have exited. Its top competitors include companies like KPIT, TSUYO and IRP Systems.

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

Series B, Oct 27, 2022, $*****

Post Money Valuation

₹***** as on Oct 27, 2022

Investors

GEF Capital Partners & 3 more

Ranked

8^th among 99 active competitors

Annual Revenue

₹258Cr as on Mar 31, 2025

Employee Count

195 as on Aug 31, 2025

Similar Companies

TSUYO & 81 more

View Electra EV's full profile

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	$30.5M (As on Mar 31, 2025)	195 (As on Aug 01, 2025)

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	3350675	Series B	5609443	4795475	2301192	4725268

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View details of Electra EV's funding rounds and investors

The founders of Electra EV is Ratan N Tata.

Here are the details of Electra EV's key team members:

Ratan N Tata: Former Founder of Electra EV. They are also an angel investor in 54 startups and serve on the boards of 2 companies.

Electra EV's Board of Directors

Electra EV's board has 3 active members. Ratan N Tata, Sridhar Narayan and Samir Yajnik are part of team.

Here is the list of Electra EV's board of directors:

Name	Type	Representing	Status	Duration
Ratan N Tata	Team	-	Current	6y 11m
hqtcjny	Team	-	Current	2y 7m
smemzzn	Team	-	Current	7y 5m
Sridhar Narayan	Investor	GEF Capital Partners	Current	3y 4m

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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Top competitors of Electra EV include KPIT, TSUYO and IRP Systems. Here is the list of Top 10 competitors of Electra EV, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	KPIT 1990, Pune (India), Public	Autonomous driving solutions for vehicles	-	Apax, KPitalism & 3 others	74/100
2nd	TSUYO 2020, Delhi (India), Seed	Platform offering motors for multi-category electric-three wheelers	$4.5M	Avaana Capital Advisors, Ramkrishna Forgings ... & 3 others	63/100
3rd	IRP Systems 2015, Ness Ziona (Israel), Series C	Provider of software-defined electric powertrain system for micro mobility	$57M	Fosun RZ Capital, Clal Insurance & 12 others	62/100
4th	Pionix 2021, Bad Schonborn (Germany), Seed	Provider of engineering services for electric vehicle charging solutions development	$15.1M	Yabeo, Ascend Capital Partners & 9 others	58/100
5th	Hexagon Purus 2018, Alesund (Norway), Public	Provider of systems and solutions for clean transportation and energy applications	-	Colinas AS, Mitsui & 4 others	57/100
6th	Vitesco Technologies 2018, Hannover (Germany), Acquired	Developer of powertrain system for multi-category vehicles	-	Ministry of Economy, Finance and Industrial and Digital Sovereignty, Gov.cz ... & 1 others	56/100
7th	Equipmake 2002, Snetterton (United Kingdom), Public	Developer of electric drivetrain solutions for automotive, aerospace, and bus industries	-	Caterpillar, EIC Fund & 1 others	55/100
8th	Electra EV 2017, Pune (India), Series B	Manufacturer of electric vehicle powertrains, battery systems, and energy storage	$25M	GEF Capital Partners & 3 others	53/100
9th	Volektra 2020, Sacramento (United States), Seed	Developer of electric drivetrain systems and modular EV platforms	-	Chakra Growth Capital, Ecozen Solutions	50/100
10th	BNC Motors 2020, Coimbatore (India), Series A	Manufacturer of electric two-wheeled vehicles, batteries, and related electronic components	$8.66M	Musashi Seimitsu Industry, Lyman Lakes & 24 others	48/100

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Founders (largest shareholder) own 88.67%, Funds own 8.67%, Other People own 0.09% and ESOP Pool own 2.57%. The net worth of Electra EV's founders is INR 1,330Cr as of Oct 27, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	88.67%	1,330Cr	2462094	2867846	9858522	4554874
Ratan N Tata	6172507	5469975	4297156	6908024	6145965	1874241
Fund	8.67%	130Cr	1085033	9534533	3956584	5060841
GEF Capital Partners	4644121	3734327	9676907	2031292	5136853	7519293
Other People	0.09%	1.33Cr	0	0	0	0
ESOP Pool	2.57%	38.6Cr	18	77	13	97
Total	100.00%	1,500Cr	5123500	8591041	7175553	5244612