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 Dec 29, 2025.

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

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 Dec 29, 2025

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

Swvl & 51 more

View Transvolt's full profile

Transvolt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
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	5620296	Series B	2434810	2448241	5915429	9960281
Nov 2025	2296712	Conventional Debt	1428227	3911255	7389297	Finnfund
Jul 18, 2025	4392652	Series B	6248169	1468449	IFC	7154415

Access funding benchmarks and valuations. Sign up today!

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:

Uncover Transvolt's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

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

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Transvolt's competitors? Click here to see the top ones

Funds own 19.92%, Parent Entities (largest shareholder) own 76.46%, Enterprises own 0.33% and Angels own 3.29%.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Fund	19.92%	157Cr	1120891	9449594	5856506	5590810
IFC	9448208	5372898	7280260	8703923	2354095	2789578
Finnfund	4048625	6582484	9984371	9703920	6433640	8120250
Parent Entity	76.46%	603Cr	7040065	8126966	9701655	4199417
Enterprise	0.33%	2.62Cr	0	0	0	0
Angel	3.29%	26Cr	376	689	653	226
Sangeet Kumar	0	0	0	0	0	0
Bir Singh	0	0	0	0	0	0
Amit Mehta	0	0	0	0	0	0
Other People	0.00%	2.37K	0	0	0	0
Total	100.00%	789Cr	6669243	2715659	1825011	5427921