When was NIKOL EV founded?

NIKOL EV was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is NIKOL EV located?

NIKOL EV is headquartered in Pune, India. It is registered at Flat No.7 Riddhi Siddhi Apts S No. 4/4 Bhumkar Nagar Nr Balaji Parik, Narhe, Pune, Pune, Maharashtra, India, 411046.

Which legal entities is NIKOL EV associated with?

NIKOL EV is associated with NIKOL AUTOMOTIVE PRIVATE LIMITED.

How many employees does NIKOL EV have?

As of Jun 30, 2026, the latest employee count at NIKOL EV is 15.

Is NIKOL EV a funded company?

NIKOL EV is a funded company, having raised a total of $1.15M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 26, 2023.

How much is NIKOL EV worth?

The latest valuation of NIKOL EV is ₹***** as of Feb 21, 2025.

When was the latest funding round of NIKOL EV?

NIKOL EV's latest funding was a $***** Seed round on Feb 21, 2025, with participation from 0 investor. 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 NIKOL EV?

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

Where does NIKOL EV rank among its competitors?

NIKOL EV ranks 32nd amongst 218 active competitors, of which 37 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Battery Smart, which secured $13M in Jul, 2026.

Who are the top competitors of NIKOL EV?

NIKOL EV's top competitors include Statiq, Battery Smart and SUN Mobility. Among them, Battery Smart secured the most recent funding round in July, 2026.

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

Company Details

Manufacturer of electric vehicle charging stations and charging management software. This business produces hardware for charging electric two, three, and four-wheeled vehicles. It provides charging infrastructure for residential, office, and commercial environments. The product line includes fast chargers for electric buses and trucks. Additionally, the firm develops software systems to manage and monitor charging operations.

Website: www.nikolev.in/
Social
Email ID: *****@nikolev.in
Phone Number: +91 **********
Registered Address: Flat No.7 Riddhi Siddhi Apts S No. 4/4 Bhumkar Nagar Nr Balaji Parik, Narhe, Pune, Pune, Maharashtra, India, 411046

Key Metrics

Founded Year

2021

Location

Pune, India

Stage

Seed

Total Funding

$1.15M in 4 rounds

Latest Funding Round

Seed, Feb 21, 2025, $*****

Post Money Valuation

₹***** as on Feb 21, 2025

Investors

Zypp Electric & 18 more

Ranked

32^nd among 218 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

15 as on Jun 30, 2026

Similar Companies

IONITY & 1279 more

View NIKOL EV's full profile

NIKOL EV is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NIKOL AUTOMOTIVE PRIVATE LIMITED CIN: U34100PN2022PTC217037 , India, Active	Dec 16, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	-

NIKOL EV has raised a total funding of $1.15M over 4 rounds. Its first funding round was on May 26, 2023. NIKOL EV has 6 institutional investors and 13 angel investors.

Here is the list of recent funding rounds of NIKOL EV:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 21, 2025	2657049	Seed	7426767	3028505	9933967	1778584
May 17, 2024	7366264	Seed	6192129	1741958	3887333	6990811
Feb 27, 2024	1931315	Seed	2080670	9386029	7765877	We Founder Circle

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View details of NIKOL EV's funding rounds and investors

The founders of NIKOL EV is Arjun Digvijay Pawar.

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

Arjun Digvijay Pawar: Founder of NIKOL EV. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

NIKOL EV's Board of Directors

NIKOL EV's board has 2 active members. Arjun Digvijay Pawar and Vandana Digvijay Pawar are part of team.

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

Name	Type	Representing	Status	Duration
Arjun Digvijay Pawar	Team	-	Current	3y 8m
Vandana Digvijay Pawar	Investor	-	Current	3y 8m

View details of NIKOL EV's Founder profiles and Board Members

NIKOL EV's employee count trend

NIKOL EV has 15 employees as of Jun 26. Here is NIKOL EV's employee count trend over the years:

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Top competitors of NIKOL EV include Statiq, Battery Smart and SUN Mobility. Here is the list of Top 10 competitors of NIKOL EV, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Statiq 2020, Gurugram (India), Series A	Manufacturer of electric vehicle charging hardware and operator of networks	$45.5M	Shell, Tenacity Ventures & 9 others	74/100
2nd	Battery Smart 2019, Delhi (India), Series B	Chains providing battery swapping services for electric two three wheelers	$157M	Tiger Global Management, LeapFrog Investments ... & 49 others	74/100
3rd	SUN Mobility 2017, Bengaluru (India), Series B	Network providing battery swapping infrastructure for electric vehicle fleet operators	$135M	Bosch, Br Dhawan & 27 others	71/100
4th	Bolt.Earth 2017, Bengaluru (India), Series A	Provider of electric vehicle charging hardware, software, and support services	$29.6M	ITI Growth Opportunities, Prime Venture Partners ... & 37 others	70/100
5th	Mooving 2020, Gurugram (India), Seed	Network providing battery swapping and leasing for electric vehicle fleets	$15M	-	64/100
6th	ChargeZone 2018, Vadodara (India), Series A	Operator of electric vehicle charging stations and related software services	$97.5M	Venture Catalysts, BlueOrchard & 195 others	61/100
7th	Zeno 2022, Bengaluru (India), Series A	Provider of high-performance electric mobility solutions	$30M	Trifecta Capital, Congruent Ventures & 12 others	60/100
8th	Exicom 1994, Gurugram (India), Public	Provider of electric vehicle charging solutions and critical power infrastructure	-	-	57/100
9th	TruePower 2018, Bengaluru (India), Unfunded	Provider of electric vehicle charging hardware and software solutions	-	-	53/100
10th	Battwheelz 2019, Gurugram (India), Seed	Provider of EV charging solutions powered by renewable energy	$334K	Univrese Green Advisory, Veelo Mobility & 6 others	53/100
32nd	NIKOL EV 2021, Pune (India), Seed	Manufacturer of electric vehicle charging stations and charging management software	$1.15M	We Founder Circle, Softsolmedia & 17 others	39/100

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Founders (largest shareholder) own 72.38%, Funds own 4.07%, Enterprises own 16.65% and Angels own 2.32%. The net worth of NIKOL EV's founders is INR 25.7Cr as of Feb 21, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	72.38%	25.7Cr	4897873	8223621	2028751	9439857
Arjun Digvijay Pawar	5099697	7893924	4481108	6087847	7483453	5696371
Fund	4.07%	1.45Cr	5752	9023	3776	5601
EvolveX Accelerator	882	174	770	961	245	960
We Founder Circle	0	0	0	0	0	0
Enterprise	16.65%	5.91Cr	1858072	1897236	3241142	7145223
Angel	2.32%	82.5L	27	39	77	69
Vikas Aggarwal	0	0	0	0	0	0
Other People	0.73%	26L	0	0	0	0
ESOP Pool	3.85%	1.37Cr	905	942	223	523
Total	100.00%	35.5Cr	6640565	7074433	8019591	1501971