When was Transvolt founded?

Transvolt was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Transvolt located?

Transvolt is headquartered in Mumbai, India. It is registered at 805, 2nd Floor, A Wing, Trade Link, Tower E, Kamala City, Near Kamala Mills Compound, Lower Parel, Delisle Road, Mumbai, Mumbai, Maharashtra, India, 400013.

Who is the current CEO of Transvolt?

Debasis Mohanty of Transvolt. They have also founded 1 company.

Which legal entities is Transvolt associated with?

Transvolt is associated with TRANSVOLT MOBILITY PRIVATE LIMITED.

How many employees does Transvolt have?

As of Sep 30, 2026, the latest employee count at Transvolt is 152.

Is Transvolt a funded company?

Transvolt is a funded company, having raised a total of $41.2M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Mar 31, 2024.

How much is Transvolt worth?

The latest valuation of Transvolt is ₹***** as of Aug 20, 2026.

When was the latest funding round of Transvolt?

Transvolt's latest funding was a $***** Series B round on Dec 29, 2025, with participation from 2 investors.

What is the annual revenue of Transvolt?

Annual revenue of Transvolt is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Transvolt rank among its competitors?

Transvolt ranks 1st amongst 18 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was EvoBUS, which secured $27.3K in Jan, 2026.

Who are the top competitors of Transvolt?

Transvolt's top competitors include EvoBUS, Redyrider and Aaveg. Among them, EvoBUS secured the most recent funding round in January, 2026.

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

Transvolt is a series B company based in Mumbai (India), founded in 2023 by Dheeraj Jhawar and Debasis Mohanty. It operates as a Provider of zero-emission mobility services through electric vehicle platform. Transvolt has raised $41.2M in funding from IFC and Finnfund, with a current valuation of ₹*****. The company has 18 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like EvoBUS, Redyrider and Aaveg.

Company Details

Provider of zero-emission mobility services through electric vehicle platform. It offers EVs in various segments and for customers in the government and private sectors. It focus on development and operation of integrated connected ecosystems.

Website: transvolt.in
Email ID: *****@transvolt.in
Phone Number: +91 **********
Registered Address: 805, 2nd Floor, A Wing, Trade Link, Tower E, Kamala City, Near Kamala Mills Compound, Lower Parel, Delisle Road, Mumbai, Mumbai, Maharashtra, India, 400013

Key Metrics

Founded Year

2023

Location

Mumbai, India

Stage

Series B

Total Funding

$41.2M in 5 rounds

Latest Funding Round

Series B, Dec 29, 2025, $*****

Post Money Valuation

₹***** as on Aug 20, 2026

Investors

IFC & 14 more

Ranked

1^st among 18 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

152 as on Sep 30, 2026

Similar Companies

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View Transvolt's full profile

Transvolt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
TRANSVOLT MOBILITY PRIVATE LIMITED CIN: U49219MH2023PTC400295 , India, Active	Apr 07, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	47 (As on Mar 01, 2026)

Transvolt has raised a total funding of $41.2M over 5 rounds. Its first funding round was on Mar 31, 2024. Its latest funding round was a Series B round on Dec 29, 2025 for $*****. 2 investors participated in its latest round. Transvolt has 4 institutional investors and 11 angel investors.

Here is the list of recent funding rounds of Transvolt:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 29, 2025	4492944	Series B	7133059	6567054	9637522	8199265
Nov 2025	1697682	Conventional Debt	6688936	9261392	1152362	Finnfund
Jul 18, 2025	7352640	Series B	2075208	9146402	IFC	2693709

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View details of Transvolt's funding rounds and investors

The founders of Transvolt are Dheeraj Jhawar and Debasis Mohanty. Debasis Mohanty is the CEO of Transvolt.

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

Dheeraj Jhawar: Co-Founder & Managing Director of Transvolt. They serve on the board of 1 company.
Contact Info: 1 phone number
Debasis Mohanty: Co-Founder & CEO of Transvolt.
Contact Info: 1 email address and 1 phone number

Transvolt's Board of Directors

Transvolt's board has 3 active members. Sandeep Agarwal and Dheeraj Jhawar are part of team and Jayarama Prasad Chalasani is independent board member.

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

Name	Type	Representing	Status	Duration
Sandeep Agarwal	Team	-	Current	3y 5m
Dheeraj Jhawar	Team	-	Current	3y 5m
Jayarama Prasad Chalasani	Independent board member	-	Current	2y 2m

View details of Transvolt's Founder profiles and Board Members

Transvolt's employee count trend

Transvolt has 152 employees as of Sep 26. Here is Transvolt's employee count trend over the years:

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Top competitors of Transvolt include EvoBUS, Redyrider and Aaveg. Here is the list of Top 10 competitors of Transvolt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Transvolt 2023, Mumbai (India), Series B	Provider of zero-emission mobility services through electric vehicle platform	$41.2M	IFC, Finnfund & 13 others	61/100
2nd	EvoBUS 2024, Bengaluru (India), Seed	A bus mobility startup focused on electric, tech-enabled transport	$261K	Vedanshu, Cgtmse & 3 others	32/100
3rd	Redyrider 2020, Kolkata (India), Unfunded	App-based platform for shuttle services	-	-	32/100
4th	Aaveg 2015, Delhi (India), Unfunded	Provider of end-to-end employee transportation and mobility solutions	-	-	30/100
5th	Early Shuttle 2018, Delhi (India), Unfunded	App-based shuttle booking platform	-	-	30/100
6th	Commut 2015, Hyderabad (India), Acquired	Mini bus aggregator app	$378K	50k Ventures, CIE IIITH & 21 others	29/100
7th	CitiRyder 2010, Kolkata (India), Unfunded	App-based platform for booking shuttle and car rental services	-	-	24/100
8th	Pods 2015, Gurugram (India), Deadpooled	App based bus pooling for intra-city commute	-	-	24/100
9th	Walkincity 2015, Jaipur (India), Unfunded	Mobile app to book bus shuttle service	-	-	24/100
10th	Taab Bengaluru (India), Unfunded	Operator of a shared shuttle service focused on affordable transportation	-	-	24/100

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Funds own 33.92%, Parent Entities (largest shareholder) own 63.09%, Enterprises own 0.27% and Angels own 2.72%. The cap table displayed below is for TRANSVOLT MOBILITY PRIVATE LIMITED which is the legal entity associated with Transvolt.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Fund	33.92%	324Cr	4952794	4403048	8349344	9677773
IFC	8631190	9476163	4593499	5434985	1044617	2352888
Finnfund	4167665	8115941	8147196	3100857	5093452	3398975
Parent Entity	63.09%	603Cr	1944484	8277665	5249772	7357074
Enterprise	0.27%	2.62Cr	0	0	0	0
Angel	2.72%	26Cr	17	23	48	28
Sangeet Kumar	0	0	0	0	0	0
Bir Singh	0	0	0	0	0	0
Other People	0.00%	2.37K	0	0	0	0
Total	100.00%	956Cr	6517174	5911123	5904926	8707756