When was Hornback founded?

Hornback was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Hornback located?

Hornback is headquartered in Hyderabad, India. It is registered at 2nd Floor, Plot No 60, Petbasheerabad, NCL Enclave South, Hyderabad, Rangareddy, Rangareddy, Rangareddy, Telangana, India, 500067.

Which legal entities is Hornback associated with?

Hornback is associated with HORNBACK E-MOBILITY PRIVATE LIMITED.

How many employees does Hornback have?

As of Jun 30, 2025, Hornback has 41 employees, reflecting a 6% year-over-year decline in headcount.

Is Hornback a funded company?

Hornback is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Feb 15, 2023.

How much is Hornback worth?

The latest valuation of Hornback is ₹***** as of May 31, 2023.

When was the latest funding round of Hornback?

Hornback's latest funding was a $***** Seed round on Feb 15, 2023, with participation from 8 investors. Its primary sector is Electric Vehicles. In India, the Electric Vehicles sector has seen $879M in funding in 2026 to date.

What is the annual revenue of Hornback?

Annual revenue of Hornback is less than ₹10 Cr as on Mar 31, 2025

Where does Hornback rank among its competitors?

Hornback ranks 22nd amongst 1020 active competitors, of which 62 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was EMotorad, which secured $541K in Apr, 2026.

Who are the top competitors of Hornback?

Hornback's top competitors include VanMoof, Rad Power Bikes and Aventon. Among them, EMotorad secured the most recent funding round in April, 2026.

Hornback - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Plarform offering foldable electric bicycles. It offers full-sized diamond frame folding bicycles that can be folded to half their size. They provide products that include X1 and M1.

Website: hornback.bike
Social
Email ID: *****@hornback.bike
Registered Address: 2nd Floor, Plot No 60, Petbasheerabad, NCL Enclave South, Hyderabad, Rangareddy, Rangareddy, Rangareddy, Telangana, India, 500067

Key Metrics

Founded Year

2022

Location

Hyderabad, India

Stage

Seed

Total Funding

$368K in 1 round

Latest Funding Round

Seed, Feb 15, 2023, $*****

Post Money Valuation

₹***** as on May 31, 2023

Investors

Goolestan Investments & 12 more

Ranked

22^nd among 1020 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

41 as on Jun 30, 2025

Similar Companies

MATE & 84 more

View Hornback's full profile

Hornback is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
HORNBACK E-MOBILITY PRIVATE LIMITED CIN: U34300TG2022PTC162938 , India, Active	May 23, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	33 (As on Aug 01, 2025)

Hornback has raised a total funding of $368K over 1 round. Its latest funding round was a Seed round on Feb 15, 2023 for $*****. 8 investors participated in its latest round. Hornback has 4 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Hornback:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 15, 2023	5287476	Seed	8383018	4166959	5738100	2841996

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View details of Hornback's funding rounds and investors

The founders of Hornback are Rajkumar Kewat and Nishith Parikh. Nishith Parikh is the CEO of Hornback.

Here are the details of Hornback's key team members:

Rajkumar Kewat: Co-Founder of Hornback and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Nishith Parikh: Co-Founder & CEO of Hornback. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Hornback's Board of Directors

Hornback's board has 3 active members. Rajkumar Kewat and Nishith Parikh are part of team and Ranjit Nair is independent board member.

Here is the list of Hornback's board of directors:

Name	Type	Representing	Status	Duration
Rajkumar Kewat	Team	-	Current	4y 2m
Nishith Parikh	Team	-	Current	4y 2m
Ranjit Nair	Independent board member	-	Current	2y 4m

View details of Hornback's Founder profiles and Board Members

Hornback's employee count trend

Hornback has 41 employees as of Jun 25. The total employee count is 7.0% lower than what it was in Jun 24. Here is Hornback's employee count trend over the years:

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Top competitors of Hornback include VanMoof, Rad Power Bikes and Aventon. Here is the list of Top 10 competitors of Hornback, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	VanMoof 2009, Amsterdam (Netherlands), Acquired	Manufacturer of electric bicycles	$200M	Felix Capital, Norwest & 9 others	61/100
2nd	Rad Power Bikes 2007, Seattle (United States), Series D	Developer of electric bicycles	$329M	Fidelity Investments, T. Rowe Price & 11 others	59/100
3rd	Aventon 2012, Brea (United States), Seed	Manufacturer of electric bicycles	-	Gaorong Capital, HSG	59/100
4th	Jetson Electric Bikes 2011, Brooklyn (United States), Unfunded	Innovative e-mobility solutions: electric bikes, scooters, hoverboards, and accessories	-	-	58/100
5th	TENWAYS 2021, Amsterdam (Netherlands), Series B	Manufacturers of electric bicycles	$43.9M	L Catterton, Tencent & 7 others	57/100
6th	Super73 2011, Irvine (United States), Series C	Platform offering electric bicycles	$71.3M	Volition Capital, Trinity Capital & 2 others	56/100
7th	Velotric 2021, Menlo Park (United States), Series A	Manufacturer of electric bicycles	$14M	Fosun RZ Capital, Redpoint Ventures & 9 others	55/100
8th	EMotorad 2020, Pune (India), Series B	Electric vehicle company offering a range of premium e-bikes and accessories	$32.4M	Panthera, Plentitude & 33 others	54/100
9th	Ride1Up 2018, Walnut Creek (United States), Series A	Manufacturer of electric bicycles	$6.5M	Ecosystem Integrity Fund	49/100
10th	Ariel Rider 2009, Hong Kong (China), Series A	Developer of electric bicycles	$14.8M	-	48/100
22nd	Hornback 2022, Hyderabad (India), Seed	Plarform offering foldable electric bicycles	$368K	Goolestan Investments, Mohana Nair Family Trust ... & 11 others	42/100

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Founders (largest shareholder) own 84.88%, Funds own 3.65%, Enterprises own 2.44% and Angels own 9.02%. The net worth of Hornback's founders is INR 17.4Cr as of May 31, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	84.88%	17.4Cr	1890335	1988610	2076697	6899833
Rajkumar Kewat	3326451	6366642	5282776	1856433	7693207	1808239
Nishith Parikh	2937468	6770744	8913211	3609562	9514522	9415405
Fund	3.65%	74.6L	382	622	742	262
Kittur Family Trust	94	82	97	70	87	50
Enterprise	2.44%	50L	31	33	91	30
Angel	9.02%	1.84Cr	2653906	4862798	3870657	8205612
Total	99.99%	20.4Cr	6549783	4684747	8720902	9060249