When was RACE founded?

RACE was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is RACE located?

RACE is headquartered in Hyderabad, India. It is registered at H.No.5-8-326/2 and 4 Nampally, Hyderabad, HYDERABAD, Telangana, India, 500001.

Who is the current CEO of RACE?

Arun Sreyas Reddy of RACE. They have also founded 1 company.

Which legal entities is RACE associated with?

RACE is associated with REDDY AUTOMOTIVE PRIVATE LIMITED.

How many employees does RACE have?

As of Jun 30, 2025, the latest employee count at RACE is 23.

Is RACE a funded company?

RACE is a funded company, having raised a total of $5.26M across 9 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 11, 2019.

How much is RACE worth?

The latest valuation of RACE is $***** as of Apr 30, 2024.

When was the latest funding round of RACE?

RACE's latest funding was a $***** Seed round on 2025, with participation from 1 investor.

What is the annual revenue of RACE?

Annual revenue of RACE is ₹9Cr as on Mar 31, 2024.

Where does RACE rank among its competitors?

RACE ranks 7th amongst 77 active competitors, of which 21 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Battery Smart, which secured $7.4M in Mar, 2026.

Who are the top competitors of RACE?

RACE's top competitors include Battery Smart, SUN Mobility and Ample. Among them, Battery Smart secured the most recent funding round in March, 2026.

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

RACE is a seed company based in Hyderabad (India), founded in 2019 by Gautham Maheswaran, Arun Sreyas Reddy and Santosh Reddy Kothakapu. It operates as a Developer of modular swappable EV batteries and battery swapping stations for electric auto-rickshaws and fleets. RACE has raised $5.26M in funding from investors like Micelio, Wellfound and Wealth360 Advisors, with a current valuation of $*****. The company has 77 active competitors, including 21 that are funded. Its top competitors include companies like Battery Smart, SUN Mobility and Ample.

Company Details

Developer of modular swappable EV batteries and battery swapping stations for electric auto rickshaws and fleets. Its battery technology provides reliable and sustainable energy solutions offering high performance, durability, and efficiency. Its swap stations facilitate optimizing charging time and cost as per differential charging rates in the day. Its smart analytics can provide density indicators for any geographic location demonstrating scope of expansion for new swap stations based on demand analysis. It swap stations run smart charging algorithms that decide charging rates based on demand for swaps and shift to slow charging to conserve battery life in low demand periods. It allows for centralised management of batteries based on insights from charging rates, thermal performance and enhancing efficiency levels.

Website: race.energy
Social
Email ID: *****@racenergy.in
Phone Number: +91 **********
Registered Address: H.No.5-8-326/2 and 4 Nampally, Hyderabad, HYDERABAD, Telangana, India, 500001

Key Metrics

Founded Year

2019

Location

Hyderabad, India

Stage

Seed

Total Funding

$5.26M in 9 rounds

Latest Funding Round

Seed, 2025, $*****

Post Money Valuation

$***** as on Apr 30, 2024

Investors

Micelio & 29 more

Ranked

7^th among 77 active competitors

Annual Revenue

₹9Cr as on Mar 31, 2024

Employee Count

23 as on Jun 30, 2025

Similar Companies

SUN Mobility & 8 more

View RACE's full profile

RACE is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
REDDY AUTOMOTIVE PRIVATE LIMITED CIN: U34300TG2018PTC125370 , India, Active	Jun 29, 2018	$1.09M (As on Mar 31, 2024)	23 (As on Jun 01, 2025)

RACE has raised a total funding of $5.26M over 9 rounds. Its first funding round was on Dec 11, 2019. Its latest funding round was a Seed round on 2025 for $*****. 1 investor participated in its latest round. RACE has 14 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of RACE:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2025	2536	Seed	2945	8949	3339	8190
Mar 02, 2024	1441412	Seed	6218565	8088107	7074827	2513513
May 09, 2023	2946281	Conventional Debt	6008194	1063080	7945709	Micelio & 2 more

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View details of RACE's funding rounds and investors

The founders of RACE are Gautham Maheswaran, Arun Sreyas Reddy and Santosh Reddy Kothakapu. Arun Sreyas Reddy is the CEO of RACE.

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

Gautham Maheswaran: Co-Founder of RACE. They are also an angel investor in 1 startup and serve on the board of 1 company.
Arun Sreyas Reddy: Co-Founder & CEO of RACE. They serve on the board of 1 company.
Santosh Reddy Kothakapu: Co-Founder of RACE.

RACE's Board of Directors

RACE's board has 3 active members. Gautham Maheswaran and Arun Sreyas Reddy are part of team and Haritaa Reddy Palle is independent board member.

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

Name	Type	Representing	Status	Duration
Gautham Maheswaran	Team	-	Current	7y 4m
Arun Sreyas Reddy	Team	-	Current	7y 4m
rmlgwkl	Investor	-	Past	1y 9m
Haritaa Reddy Palle	Independent board member	-	Current	7y 9m

View details of RACE's Founder profiles and Board Members

RACE's employee count trend

RACE has 23 employees as of Jun 25. The total employee count is 34.0% lower than what it was in Jun 24. Here is RACE's employee count trend over the years:

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

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Battery Smart 2019, Delhi (India), Series B	Platform offering operator of battery-swapping network for electric vehicles and related services	$147M	Tiger Global Management, Orios Venture Partners ... & 45 others	74/100
2nd	SUN Mobility 2017, Bengaluru (India), Series B	Provider of battery swapping services for electric vehicles and related infrastructure	$135M	Bosch, Br Dhawan & 27 others	70/100
3rd	Ample 2014, San Francisco (United States), Series D	Provider of modular battery swapping for electric vehicles	$301M	Shell Ventures, Moore Ventures & 20 others	64/100
4th	Bounce Infinity 2014, Gurugram (India), Series F	Manufacturer of electric scooters with detachable batteries and finance options	$226M	Accel, B Capital & 51 others	64/100
5th	Mooving 2020, Delhi (India), Seed	Operator of battery swapping and leasing services for electric vehicles	$15M	-	61/100
6th	Aulton New Energy 2000, Guangzhou (China), Series B	Provider of electric vehicle battery swapping solutions	$232M	SoftBank, NIO Capital & 4 others	56/100
7th	RACE 2019, Hyderabad (India), Seed	Developer of modular swappable EV batteries and battery swapping stations for electric auto-rickshaws and fleets	$5.26M	FalconX, Prophetic Ventures & 28 others	56/100
8th	VoltUp 2019, Pune (India), Seed	Provider of battery swapping for electric two- and three-wheelers to support urban mobility	$18M	EM Impact Capital, HDFC Bank & 3 others	51/100
9th	Indofastenergy 2024, Bengaluru (India), Unfunded	Operator of battery swapping network for electric vehicles and retrofits	-	-	47/100
10th	Leoparda Electric 2022, Sao Paulo (Brazil), Seed	Developer of electric two-wheeler battery-swapping network	$8.5M	Construct Capital, K50 Ventures & 3 others	47/100

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Founders (largest shareholder) own 47.21%, Funds own 30.19%, Enterprises own 0.39% and Angels own 14.15%. The net worth of RACE's founders is INR 60.4Cr as of Apr 30, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	47.21%	60.4Cr	4600305	2064144	1810073	2942182
Arun Sreyas Reddy	6553890	6233611	3189416	3813084	3748117	7678711
Gautham Maheswaran	4943762	9028864	4919852	4922671	9547739	3523852
Fund	30.19%	38.6Cr	1495361	1812128	7825112	7317709
Angel List	4505164	8190503	7773996	1083271	3451907	6510884
Micelio	6698886	5096083	9907608	9757128	9507533	4588383
Wealth360 Advisors	0	0	0	0	0	0
Enterprise	0.39%	50.2L	0	0	0	0
Angel	14.15%	18.1Cr	3204198	5749211	7679090	8850909
Other People	1.59%	2.03Cr	6	7	8	8
ESOP Pool	6.46%	8.27Cr	432951	119503	846692	976984
Total	100.00%	128Cr	7764745	3789730	6857498	8582315