Magenta - About the company
Magenta is a series B company based in Navi Mumbai (India), founded in 2018 by Darryl Dias and Maxson Lewis. It operates as a Provider of electric mobility solutions for sustainable logistics and transportation. Magenta has raised $47.3M in funding from investors like LetsVenture, Morgan Stanley and BP Ventures, with a current valuation of $*****. The company has 50 active competitors, including 15 that are funded. Its top competitors include companies like Alt Mobility, ETO Motors and MoEving.
Company Details
Provider of electric mobility solutions for sustainable logistics and transportation. The company offers electric fleets contributing to reduced greenhouse gas emissions. It provides fleet management using data analytics to optimize logistics. The company also offers electric vehicle chargers and charging solutions. It aims to decarbonize logistics through adaptable e-mobility solutions.
- 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 B
Total Funding
$47.3M in 9 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 07, 2025
Investors
Ranked
1st among 50 active competitors
Annual Revenue
₹83.1Cr as on Mar 31, 2025
Employee Count
292 as on Jul 31, 2025
Investment & Acquisitions
Legal entities associated with Magenta
Magenta is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MAGENTA EV SOLUTIONS PRIVATE LIMITED CIN: U40107MH2018PTC305106 , India, Active | Feb 15, 2018 | $9.83M (As on Mar 31, 2025) | 302 (As on Aug 01, 2025) | |
MAGENTA POWER PRIVATE LIMITED CIN: U40300MH2017PTC296161 , India, Active | Jun 14, 2017 | $36K (As on Mar 31, 2025) | 7 (As on Sep 01, 2022) |
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Magenta's funding and investors
Magenta has raised a total funding of $47.3M over 9 rounds. Its first funding round was on 2018. Its latest funding round was a Series B round on Mar 20, 2025 for $*****. 2 investors participated in its latest round. Magenta has 23 institutional investors and 38 angel investors.
Here is the list of recent funding rounds of Magenta:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 20, 2025 | 3750464 | Series B | 3343825 | 3999325 | 5072406 | 7413262 |
Mar 20, 2025 | 9523214 | Conventional Debt | 2171014 | 5488800 | 4478262 | 5841783 |
Feb 10, 2023 | 2519904 | Conventional Debt | 3926462 | 9802599 | 7138938 |
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Magenta's founders and board of directors
Founder? Claim ProfileThe founders of Magenta are Darryl Dias and Maxson Lewis.
Here are the details of Magenta's key team members:
- Darryl Dias: Former Co-Founder of Magenta and founder of 5 other companies, including Magenta, Magenta Chargegrid and Magenta Power. They serve on the boards of 2 companies.Contact Info: 2 email addresses
- Maxson Lewis: Co-Founder, CEO & MD of Magenta and founder of 5 other companies, including Magenta, Magenta Power and Magenta Chargegrid. They serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
View details of Magenta's Founder profiles and Board Members
Magenta's employee count trend
Magenta has 292 employees as of Jul 25. Here is Magenta's employee count trend over the years:
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Magenta's Competitors and alternates
Top competitors of Magenta include Alt Mobility, ETO Motors and MoEving. Here is the list of Top 10 competitors of Magenta, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of electric mobility solutions for sustainable logistics and transportation | $47.3M | 70/100 | ||
2nd |  Alt Mobility 2020, Delhi (India), Series A | Provider of electric vehicle leasing and lifecycle management solutions | $17.3M | 69/100 | |
3rd |  ETO Motors 2018, Hyderabad (India), Seed | Manufacturer of electric three-wheelers, electric autos, and EV charging solutions | $15.2M | 64/100 | |
4th | Electric mobility solutions for logistics companies | $15.3M | 59/100 | ||
5th | Provider of electric vehicle fleet rentals, charging, and management solutions | $3.04M | 58/100 | ||
6th |  Stride Green 2024, Gurugram (India), Seed | Provider of a platform for asset leasing, finance and management | $3.5M | 54/100 | |
7th | Provider of software platform for electric vehicle charging and energy management | $971K | 50/100 | ||
8th | Online platform providing electric delivery vehicle rental services | $1.78M | 43/100 | ||
9th | Provider of electric vehicles for last mile delivery | - | 40/100 | ||
10th | Enviiirowheels 2023, Mumbai (India), Unfunded | Provider of electric and green-fuel commercial vehicles for sustainable transportation | - | - | 38/100 |
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Magenta's Investments and acquisitions
Magenta has a total of 1 investment in Axiom. Magenta has not made any acquisitions as of now.Reports related to Magenta
Here is the latest report on Magenta's sector:
News related to Magenta
Filter this listMedia has covered Magenta for a total of 14 events in the last 1 year, 6 of them have been about partnerships and 3 about people movement.
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Magenta Mobility plans $50M fundraise for EV fleet expansionhtsyndication.com•Nov 25, 2025•Magenta, Neocities, FarmArt
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Magenta Mobility appoints Bhavesh Panchal as Chief Technology OfficerMedia Bulletins•Sep 01, 2025•Magenta
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AI Perplexity Becomes Central AI Assistant on New Magenta DevicesTrending Topics•Aug 14, 2025•Perplexity, Magenta
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Euler Motors & Magenta Mobility clock 2 Cr EV kms, cut 1,700+ tons of CO₂ emissionsMedia Bulletins•Aug 13, 2025•Magenta, Euler Motors
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Magenta Mobility Expands Team, Appoints New Finance Headelectronicsforyou.biz•Jul 29, 2025•Magenta, DP World
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Magenta Mobility & MOVER Partner to Deploy EVs in Four Indian Citieselectronicsforyou.biz•Jun 30, 2025•Mover, Magenta
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Magenta Mobility Teams Up With Bosch For Digital Infrastructureelectronicsforyou.biz•Jun 05, 2025•Bosch, Magenta
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Magenta Mobility Enrolls Delivery Executives in India's e-Shram ProgramBusiness News This Week•May 09, 2025•Magenta
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Montra Electric & Magenta Mobility Partner to Expand EV Use in Logisticselectronicsforyou.biz•Apr 23, 2025•Montra Electric, Magenta
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