Ergon Labs - About the company
Ergon Labs is a seed company based in Bengaluru (India), founded in 2019 by Ashwin Ramanujam. It operates as a Provider of charging solution for EVs. Ergon Labs has raised $157K in funding from investors like Social Alpha, DLabs and Aarem Ventures, with a current valuation of $*****. The company has 543 active competitors, including 40 funded and 21 that have exited. Its top competitors include companies like SPAN, CTEK and DG Matrix.
Company Details
Provider of charging solution for EVs. The Integrated Power Converter enables fast-chargers to be packaged on-board, improving charging time while reducing powertrain weight and volume. It offers fast charging solution with advanced charging algorithms and allows you to switch between fast and slow charging through the mobile app.
- Website
- ergon-labs.com
- Social
- Email ID
- *****@ergon-labs.com
- Registered Address
- R & C No.:6, SHIV SHAKTI SOCIETY, K. DHURU MARG , AGAR BAZAR, DADAR WEST, Mumbai City, MUMBAI, Maharashtra, India, 400028
Key Metrics
Founded Year
2019
Location
Bengaluru, India
Stage
Seed
Total Funding
$157K in 1 round
Latest Funding Round
Post Money Valuation
$***** as on May 29, 2023
Investors
Ranked
90th among 543 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
8 as on Jun 30, 2026
Legal entities associated with Ergon Labs
Ergon Labs is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PARIJAT LOGISTICS PRIVATE LIMITED CIN: U24200MH1983PTC029738 , India, Active | Apr 07, 1983 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 73 (As on Apr 30, 2025) | |
ERGON MOBILITY PRIVATE LIMITED CIN: U31909KA2020PTC141078 , India, Active | Nov 16, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Ergon Labs's funding and investors
Ergon Labs has raised a total funding of $157K over 1 round. Its latest funding round was a Seed round on May 29, 2023 for $*****. 5 investors participated in its latest round. Ergon Labs has 4 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Ergon Labs:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 29, 2023 | 5878168 | Seed | 4301029 | 5834508 | 3686839 | 4617768 |
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Ergon Labs' founders and board of directors
Founder? Claim ProfileThe founders of Ergon Labs is Ashwin Ramanujam. Ashwin Ramanujam is the CEO of Ergon Labs.
Here are the details of Ergon Labs' key team members:
- Ashwin Ramanujam: Founder & CEO of Ergon Labs. Contact Info: 1 email address
Ergon Labs' Board of Directors
Ergon Labs's board has 2 active members. Shantanu Shyamsunder Lakhotia and Shravan Vijay Lakhotia are independent board members.Here is the list of Ergon Labs' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 4y 9m | |
mcuvvcl | Independent board member | - | Current | 2y 5m |
View details of Ergon Labs's Founder profiles and Board Members
Ergon Labs' employee count trend
Ergon Labs has 8 employees as of Jun 26. Here is Ergon Labs's employee count trend over the years:
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Ergon Labs's Competitors and alternates
Top competitors of Ergon Labs include SPAN, CTEK and DG Matrix. Here is the list of Top 10 competitors of Ergon Labs, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 72/100 | |
2nd | Provider of Electric vehicle charging solutions | $123M | 68/100 | ||
3rd |  DG Matrix 2022, Tempe (United States), Series A | Provider of a DC fast charger for electric vehicles | $80M | 62/100 | |
4th |  Gaussion 2021, London (United Kingdom), Series B | Developer of technology designed to improve electric vehicle battery charging | $44M | 57/100 | |
5th | In-Charge 2018, Irvine (United States), Acquired | Provider of electric vehicle charging infrastructure, hardware, software, and related services | $46M | 57/100 | |
6th |  Zhenqu Technology 2017, Pudong (China), Series E | Manufacturer of automotive-certified power modules and electric vehicle solutions | $236M | 56/100 | |
7th | Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs | - | 55/100 | ||
8th |  Google Sites 2008, Mountain View (United States), Funding Raised | Portal for creating web pages | - | 53/100 | |
9th |  Star Charge 2014, Changzhou (China), Series B | Provider of electric vehicle charging infrastructure and microgrid energy solutions | $126M | 51/100 | |
10th | Manufacturer of modular direct current fast charging hardware and software | - | - | 50/100 | |
90th | Ergon Labs 2019, Bengaluru (India), Seed | Provider of charging solution for EVs | $157K | 28/100 |
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Ergon Labs's Latest cap tables and shareholding
Founders (largest shareholder) own 73.68%, Funds own 15.45%, Angels own 1.89% and ESOP Pool own 8.45%. The net worth of Ergon Labs's founders is INR 6.26Cr as of May 29, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 73.68% | 6.26Cr | 9180663 | 5541489 | 6295511 | 7636934 |
9455545 | 3602228 | 1616999 | 4098846 | 5761663 | 6630464 | |
Fund | 15.45% | 1.31Cr | 5788066 | 3903709 | 1615624 | 1253659 |
6309623 | 1972022 | 8022083 | 7619598 | 1135849 | 7607336 | |
269 | 953 | 925 | 683 | 452 | 736 | |
Angel | 1.89% | 16L | 4 | 3 | 6 | 2 |
ESOP Pool | 8.45% | 71.8L | 9174930 | 4813202 | 7045977 | 5982176 |
Other Investors | 0.55% | 4.65L | 0 | 0 | 0 | 0 |
Total | 100.00% | 8.5Cr | 3240990 | 2592093 | 7777709 | 3243991 |
To unlock detailed Cap Table of Ergon Labs 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 Ergon Labs's Shareholding
Ergon Labs's Investments and acquisitions
Ergon Labs has made no investments or acquisitions yet.
Reports related to Ergon Labs
Here is the latest report on Ergon Labs's sector:
News related to Ergon Labs
•
Ergon Labs and Omega Seiki Announce Strategic Partnership to Launch IPC Technology: OSPL places Rs. 50 crore orderAsian News International•Apr 25, 2025•Ergon Labs, Omega Seiki Mobility
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