TSUYO - About the company
TSUYO is a seed company based in Delhi (India), founded in 2020 by Tripurari Kumar, Lalit Baid and Vijay Kumar. It operates as a Platform offering motors for multi-category electric-three wheelers. TSUYO has raised $4.5M in funding from Ramkrishna Forgings and Avaana Capital Advisors, with a current valuation of ₹*****. The company has 233 active competitors, including 42 funded and 17 that have exited. Its top competitors include companies like Varroc, Vitesco Technologies and Chara.
Company Details
Platform offering motors for multi-category electric-three wheelers. It develops various models of BDLC motors and compatible controllers for various three-wheeled electric vehicles like electric rickshaws, electric carts, electric loaders, and more. It specializes in designing and manufacturing cutting-edge EV components, including electric motors, drives, converters, and instrument panels.
- Website
- tsuyo.co.in
- Social
- Email ID
- *****@tsuyo.co.in
- Phone Number
- +91 **********
- Registered Address
- Room No-1109, 11th Floor, Devika Tower-06, Nehru Place, New Delhi, Delhi, Delhi, India, 110019
Key Metrics
Founded Year
2020
Location
Delhi, India
Stage
Seed
Total Funding
$4.5M in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Oct 20, 2025
Investors
Ranked
2nd among 233 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
43 as on Apr 30, 2026
Similar Companies
Legal entities associated with TSUYO
TSUYO is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TSUYO MANUFACTURING PRIVATE LIMITED CIN: U31906DL2020PTC367759 , India, Active | Aug 10, 2020 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 43 (As on May 01, 2026) |
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TSUYO's funding and investors
TSUYO has raised a total funding of $4.5M over 2 rounds. Its first funding round was on Dec 15, 2022. Its latest funding round was a Seed round on Oct 20, 2025 for $*****. 1 investor participated in its latest round. TSUYO has 3 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of TSUYO:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 20, 2025 | 1640387 | Seed | 4089210 | 4097719 | 5803071 | 4776209 |
Dec 15, 2022 | 4604801 | Seed | 3895479 | 2816607 | 3045414 |
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TSUYO's founders and board of directors
Founder? Claim ProfileThe founders of TSUYO are Tripurari Kumar, Lalit Baid and Vijay Kumar. Vijay Kumar is the CEO of TSUYO.
Here are the details of TSUYO's key team members:
- Tripurari Kumar: Co-Founder of TSUYO. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
- Lalit Baid: Co-Founder & Director of TSUYO. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Vijay Kumar: Co-Founder & CEO of TSUYO. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
TSUYO's Board of Directors
TSUYO's board has 3 active members. Tripurari Kumar, Lalit Baid and Vijay Kumar are part of team.Here is the list of TSUYO's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 7m | |
Team | - | Current | 6y 0m | |
Team | - | Current | 6y 0m |
View details of TSUYO's Founder profiles and Board Members
TSUYO's employee count trend
TSUYO has 43 employees as of Apr 26. The total employee count is 54.0% more than what it was in Apr 25. Here is TSUYO's employee count trend over the years:
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TSUYO's Competitors and alternates
Top competitors of TSUYO include Varroc, Vitesco Technologies and Chara. Here is the list of Top 10 competitors of TSUYO, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of automotive components | $50.1M | 65/100 | ||
2nd | Platform offering motors for multi-category electric-three wheelers | $4.5M | 64/100 | ||
3rd |  Vitesco Technologies 2018, Hannover (Germany), Acquired | Developer of powertrain system for multi-category vehicles | - | 62/100 | |
4th | Manufacturer of rare-earth free motor systems and intelligent motor controllers | $11.9M | 57/100 | ||
5th | Manufacturer of electric motors for multiple categories of vehicles | $15M | 55/100 | ||
6th | Electra EV 2017, Pune (India), Series B | Manufacturer of electric vehicle powertrains, battery systems, and energy storage | $25M | 53/100 | |
7th | Mabuchi Motor 1954, Matsudo (Japan), Public | Manufacturer and supplier of major auto components | - | - | 52/100 |
8th |  Equipmake 2002, Snetterton (United Kingdom), Public | Developer of electric drivetrain solutions for automotive, aerospace, and bus industries | - | 51/100 | |
9th |  Hexagon Purus 2018, Alesund (Norway), Public | Provider of systems and solutions for clean transportation and energy applications | - | 51/100 | |
10th |  IRP Systems 2015, Ness Ziona (Israel), Series C | Provider of software-defined electric powertrain system for micro mobility | $57M | 51/100 |
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TSUYO's Latest cap tables and shareholding
Founders (largest shareholder) own 71.11% and Funds own 28.89%. The net worth of TSUYO's founders is INR 91.1Cr as of Oct 20, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 71.11% | 91.1Cr | 5379289 | 1568652 | 5512896 | 1319594 |
6122599 | 8575940 | 6205504 | 5754562 | 6049306 | 3104718 | |
7683181 | 8337930 | 5537639 | 1107577 | 8439583 | 8362214 | |
8699580 | 5963147 | 9685460 | 8524667 | 8821480 | 5338323 | |
Fund | 28.89% | 37Cr | 5877054 | 7115920 | 1538476 | 6044547 |
4271534 | 1576074 | 5421885 | 2745836 | 4986929 | 6776535 | |
Total | 100.00% | 128Cr | 3969913 | 7744567 | 7090819 | 3961926 |
To unlock detailed Cap Table of TSUYO Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of TSUYO's Shareholding
TSUYO's Investments and acquisitions
TSUYO has made no investments or acquisitions yet.
Reports related to TSUYO
Here is the latest report on TSUYO's sector:
News related to TSUYO
Filter this listMedia has covered TSUYO for a total of 6 events in the last 1 year, 3 of them have been about company updates and 1 about people movement.
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Tsuyo Manufacturing appoints Prashant Ranjan as director in-charge for sales and serviceIndiatimes•Jun 23, 2026•TSUYO
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Tsuyo Manufacturing Patents Next-Generation EV Motor TechnologiesElectronicsforyou•May 01, 2026•TSUYO
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Tsuyo Manufacturing raises $4.5 Mn round led by Avaana CapitalEntrackr•Oct 29, 2025•TSUYO, Avaana Capital Advisors, EVreporter, Avana Companies
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Tsuyo Begins Production Of India’s First Local EV Powertrain For Commercial VehiclesElectronicsforyou•Oct 17, 2024•TSUYO
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Ramkrishna Forgings Limited’s Acquisition of a Stake in Tsuyo ManufacturingGlobal Legal Chronicle•Jun 27, 2023•TSUYO, Ramkrishna Forgings, Khaitan
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Tsuyo Manufacturing and IIT Delhi collaborate on EV powertrain solutionsTelematics Wire•Jun 20, 2023•TSUYO, IIT Delhi
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