Magenta Mobility - About the company
Magenta Mobility is a series A company based in Navi Mumbai (India), founded in 2018 by Maxson Alexander Lewis. It operates as a Provider of integrated electric mobility and sustainable logistics solutions. Magenta Mobility has raised $49.5M in funding from investors like Morgan Stanley, HPCL and BP Ventures, with a current valuation of $*****. The company has 330 active competitors, including 88 funded and 19 that have exited. Its top competitors include companies like Zypp Electric, Zenobe and Einride.
Company Details
Provider of integrated electric mobility and sustainable logistics solutions. The company offers electric fleet management, data analytics, and charging infrastructure to support clean transportation and delivery operations.
- Website
- magentamobility.com
- Social
- Email ID
- *****@magentamobility.com
- Phone Number
- +91 **********
- Registered Address
- SHOP NO. 002,GROUND FLOOR, ALPHA GARDEN, PLOT NO 26, SECTOR 14, KOPARKHAIRNE, Thane, NAVI MUMBAI, Maharashtra, India, 400709
Key Metrics
Founded Year
2018
Location
Navi Mumbai, India
Stage
Series A
Total Funding
$49.5M in 11 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 02, 2026
Investors
Ranked
7th among 330 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
292 as on Jul 31, 2025
Investment & Acquisitions
Similar Companies
Legal entities associated with Magenta Mobility
Magenta Mobility is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MAGENTA EV SOLUTIONS PRIVATE LIMITED CIN: U40107MH2018PTC305106 , India, Active | Feb 15, 2018 | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 202 (As on May 01, 2026) | |
MAGENTA POWER PRIVATE LIMITED CIN: U40300MH2017PTC296161 , India, Active | Jun 14, 2017 | 0 - ₹10 Cr (As on Mar 31, 2025) | 7 (As on Sep 01, 2022) |
Sign up to download Magenta Mobility's company profile
Magenta Mobility's funding and investors
Magenta Mobility has raised a total funding of $49.5M over 11 rounds. Its first funding round was on 2018. Its latest funding round was a Series A round on Mar 02, 2026 for $*****. 1 investor participated in its latest round. Magenta Mobility has 24 institutional investors and 38 angel investors.
Here is the list of recent funding rounds of Magenta Mobility:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 02, 2026 | 9439597 | Series A | 9477858 | 6418428 | 1623802 | 9934112 |
Mar 20, 2025 | 4991777 | Conventional Debt | 6390735 | 3819855 | 9695337 | 4324103 |
Feb 03, 2025 | 9942175 | Series A | 4902500 | 5260085 | 8467317 |
Access funding benchmarks and valuations. Sign up today!View details of Magenta Mobility's funding rounds and investors
Magenta Mobility's founders and board of directors
Founder? Claim ProfileThe founders of Magenta Mobility is Maxson Alexander Lewis. Sujit Cherian is the CEO of Magenta Mobility.
Here are the details of Magenta Mobility's key team members:
- Maxson Alexander Lewis: Co-Founder & Chairman of Magenta Mobility. They serve on the boards of 2 companies.Contact Info: 1 phone number
- Sujit Cherian: CEO of Magenta Mobility. Contact Info: 1 email address
Magenta Mobility's Board of Directors
Magenta Mobility's board has 3 active members. Maxson Alexander Lewis, Shyamsundar Sundaresan Gurumoorthy and Kiran Chhotubhai Patel are part of team.Here is the list of Magenta Mobility's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 7m | |
Investor | - | Current | 3y 5m | |
Investor | - | Current | 5y 5m |
View details of Magenta Mobility's Founder profiles and Board Members
Magenta Mobility's employee count trend
Magenta Mobility has 292 employees as of Jul 25. Here is Magenta Mobility's employee count trend over the years:
Uncover Magenta Mobility's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Magenta Mobility's Competitors and alternates
Top competitors of Magenta Mobility include Zypp Electric, Zenobe and Einride. Here is the list of Top 10 competitors of Magenta Mobility, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Zypp Electric 2017, Gurugram (India), Series C | Operator of electric vehicle rental services for last mile delivery | $76.5M | 78/100 | |
2nd |  Zenobe 2017, London (United Kingdom), Series E | Provider of battery storage solutions and electric vehicle fleet infrastructure | $1.42B | 75/100 | |
3rd | Provider of electric and autonomous freight transportation solutions | $865M | 74/100 | ||
4th |  Battery Smart 2019, Delhi (India), Series C | Chains providing battery-swapping services for electric vehicles | $176M | 74/100 | |
5th |  Alt Mobility 2020, Delhi (India), Series A | Provider of electric vehicle leasing and lifecycle management solutions | $17.3M | 70/100 | |
6th |  SUN Mobility 2017, Bengaluru (India), Series B | Network providing battery swapping infrastructure for electric vehicle fleet operators | $135M | 70/100 | |
7th |  Magenta Mobility 2018, Navi Mumbai (India), Series A | Provider of integrated electric mobility and sustainable logistics solutions | $49.5M | 65/100 | |
8th | Provider of EV asset management, leasing, and financing solutions | $12.4M | 65/100 | ||
9th | Weave Grid 2018, San Francisco (United States), Series B | Developer of a platform for electric vehicle and grid integration | $78M | 65/100 | |
10th |  ETO Motors 2018, Hyderabad (India), Seed | Manufacturer of electric three-wheelers, electric autos, and EV charging solutions | $15.2M | 64/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Magenta Mobility's competitors? Click here to see the top ones
Magenta Mobility's Investments and acquisitions
Magenta Mobility has a total of 1 investment in Axiom. Magenta Mobility has not made any acquisitions as of now.Reports related to Magenta Mobility
Here is the latest report on Magenta Mobility's sector:
News related to Magenta Mobility
Filter this listMedia has covered Magenta Mobility for a total of 2 events in the last 1 year.
•
Magenta Mobility plans $50M fundraise for EV fleet expansionhttps://htsyndication.com•Nov 25, 2025•Magenta, Neocities, FarmArt Produce
•
Magenta Mobility appoints Bhavesh Panchal as Chief Technology OfficerMedia Bulletins•Sep 01, 2025•Magenta
•
AI Perplexity Becomes Central AI Assistant on New Magenta DevicesTrending Topics•Aug 14, 2025•Perplexity, Magenta
•
Euler Motors & Magenta Mobility clock 2 Cr EV kms, cut 1,700+ tons of CO₂ emissionsMedia Bulletins•Aug 13, 2025•Magenta, Euler Motors
•
Magenta Mobility Expands Team, Appoints New Finance HeadElectronicsforyou•Jul 29, 2025•Magenta, DP World
•
Magenta Mobility & MOVER Partner to Deploy EVs in Four Indian CitiesElectronicsforyou•Jun 30, 2025•Mover, Magenta
•
Magenta Mobility Teams Up With Bosch For Digital InfrastructureElectronicsforyou•Jun 05, 2025•Bosch, Magenta
•
Magenta Mobility Enrolls Delivery Executives in India's e-Shram ProgramBusinessnewsthisweek•May 09, 2025•Magenta
•
Montra Electric & Magenta Mobility Partner to Expand EV Use in LogisticsElectronicsforyou•Apr 23, 2025•Montra Electric, Magenta
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Magenta Mobility
Explore our recently published companies
- Bankstreet - United States based, Funding Raised company
- Lorain County Community College - Elyria based, 1964 founded, Funding Raised company
- Messy Mothers - United States based, 2018 founded, Unfunded company
- MaleSense Pro - Panama based, 2016 founded, Unfunded company
- Smartsprogs - United Kingdom based, Unfunded company
- Colorgizes - China based, 2020 founded, Unfunded company
