When was PMV Electric founded?

PMV Electric was founded in 2018.

Where is PMV Electric located?

PMV Electric is headquartered in Mumbai, India. It is registered at 15, MAQBOOL COMPD ISLAMIYA BAZAR NR W E HIGHWAY, PATHANWADI, NR MARBLE MKT, Mumbai City, MALAD EAST, Maharashtra, India, 400097.

Who is the current CEO of PMV Electric?

Kalpit Patel of PMV Electric. They have also founded 1 company.

Which legal entities is PMV Electric associated with?

PMV Electric is associated with PMV ELECTRIC PRIVATE LIMITED.

How many employees does PMV Electric have?

As of Apr 30, 2026, the latest employee count at PMV Electric is 5.

Is PMV Electric a funded company?

PMV Electric is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of PMV Electric?

Annual revenue of PMV Electric is ₹7.83L as on Mar 31, 2025.

Where does PMV Electric rank among its competitors?

PMV Electric ranks 3rd amongst 17 active competitors, of which 2 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was City Transformer, which secured $10M in May, 2022.

Who are the top competitors of PMV Electric?

PMV Electric's top competitors include Ozone Motors, City Transformer and XEV. Among them, City Transformer secured the most recent funding round in May, 2022.

PMV Electric - 2026 Company Profile, Team, Funding, Competitors & Financials

PMV Electric is a funded company based in Mumbai (India), founded in 2018 by Kalpit Patel. It operates as a Developer of electric microcars designed for sustainable personal urban mobility. The company has 17 active competitors, including 2 that are funded. Its top competitors include companies like Ozone Motors, City Transformer and XEV.

Company Details

Developer of electric microcars designed for sustainable personal urban mobility. The company focuses on addressing challenges related to pollution and urban congestion. It offers electric vehicles intended for everyday intra-city commutes. The vehicles incorporate features such as regenerative braking, remote parking assist, and over-the-air updates.

Website: pmvelectric.com
Social
Email ID: *****@pmvelectric.com
Registered Address: 15, MAQBOOL COMPD ISLAMIYA BAZAR NR W E HIGHWAY, PATHANWADI, NR MARBLE MKT, Mumbai City, MALAD EAST, Maharashtra, India, 400097

Key Metrics

Founded Year

2018

Location

Mumbai, India

Stage

Funding Raised

Investors

VJTI-TBI

Ranked

3^rd among 17 active competitors

Annual Revenue

₹7.83L as on Mar 31, 2025

Employee Count

5 as on Apr 30, 2026

Similar Companies

XEV & 1 more

View PMV Electric's full profile

PMV Electric is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PMV ELECTRIC PRIVATE LIMITED CIN: U34300MH2018PTC317155 , India, Active	Nov 16, 2018	$9.26K (As on Mar 31, 2025)	-

PMV Electric is a funded company. PMV Electric has 1 institutional investor.

View details of PMV Electric's funding rounds and investors

The founders of PMV Electric is Kalpit Patel. Kalpit Patel is the CEO of PMV Electric.

Here are the details of PMV Electric's key team members:

Kalpit Patel: Founder & CEO of PMV Electric. They serve on the board of 1 company.
Contact Info: 1 email address

PMV Electric's Board of Directors

PMV Electric's board has 2 active members. Kalpit Patel is part of team and Dashrath Keshavlal Patel is independent board member.

Here is the list of PMV Electric's board of directors:

Name	Type	Representing	Status	Duration
Kalpit Patel	Team	-	Current	7y 2m
Dashrath Keshavlal Patel	Independent board member	-	Current	7y 2m

View details of PMV Electric's Founder profiles and Board Members

PMV Electric's employee count trend

PMV Electric has 5 employees as of Apr 26. Here is PMV Electric's employee count trend over the years:

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Top competitors of PMV Electric include Ozone Motors, City Transformer and XEV. Here is the list of Top 10 competitors of PMV Electric, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ozone Motors 2016, Chennai (India), Seed	Developer of electric vehicle & telematics technologies	$100K	RTBI, StartupTN & 11 others	41/100
2nd	City Transformer 2014, Tel Aviv (Israel), Series A	Developer of adaptable electric vehicles designed for urban mobility	$10M	lubinski.co.il, gov.il & 1 others	40/100
3rd	PMV Electric 2018, Mumbai (India), Funding Raised	Developer of electric microcars designed for sustainable personal urban mobility	-	VJTI-TBI	36/100
4th	XEV 2017, Turin (Italy), Funding Raised	Manufacturer of 3D printed electric cars	-	Kunzhong Capital	27/100
5th	EV4 2014, Warsaw (Poland), Unfunded	Developer of personal electric vehicles	-	-	24/100
6th	Limcar 2015, Iesi (Italy), Unfunded	Operator of a platform facilitating vehicle rentals and related mobility services	-	-	24/100
7th	GreenPlanetVehicles 2018, Maltby (United Kingdom), Unfunded	Retailer of electric vehicles, charging equipment, and related energy solutions	-	-	24/100
8th	Biro 2013, Netherlands, Unfunded	Retailer of compact electric vehicles designed for urban transportation needs	-	-	24/100
9th	Ellwee Group 2015, Kungsbacka (Sweden), Unfunded	Manufacturer of electric quad bikes	-	-	24/100
10th	Roo 2014, Bubikon (Switzerland), Funding Raised	Home \| roo – the future of mobility is here	-	Europa	24/100