How many total Multi Category companies are there?

As of Aug 2026, there are 94 active companies in Multi Category sector.

Which countries have the most Multi Category companies?

India (49) has the highest number of Multi Category companies, followed by United States (8) and Germany (8).

How many Multi Category companies are funded?

As of Aug 2026, 36 companies in this sector have received funding.

Which company has raised the most funding in Multi Category sector?

As of Aug 2026, Additive Drives has secured $31.4M in funding, making it the highest-funded company in the Multi Category sector.

Which country has attracted the most investment in Multi Category companies?

With $63.9M in total funding, India has attracted the most investment among Multi Category companies.

Who are the top investors in Multi Category companies?

The top investors in Multi Category companies by number of investments are IIMA Ventures, Kindred Ventures and Samm Sustainability

How much venture capital has Multi Category sector attracted?

In the last 10 years, venture capital firms have invested $116M in this sector.

Multi Category - 2026 Market & Investments Trends

The Multi Category comprises 99 companies, including 36 funded companies having collectively raised $233M in venture capital money and private equity. Out of these, 14 are Series A+ funded.

Multi Category sector has seen 4 acquisitions and 2 IPOs. This represents almost 6.1% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.

This sector includes companies manufacturing electric motors for multiple categories of electric vehicles.

Multi Category sector is also known as Advanced Multi Category or Digital Multi Category.

Key Metrics

Total Companies

Top Companies

Varroc, Chara & more

Total Funding

$233M

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

Also known as

Advanced Multi Category or Digital Multi Category

View complete details of this sector

There are more than 99 companies in Multi Category. Varroc is the top Multi Category company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top Multi Category companies globally:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Varroc	Manufacturer of automotive components	Aurangabad (India)	1988	Public	$50.1M
Chara	Manufacturer of rare-earth free motor systems and intelligent motor controllers	Bengaluru (India)	2019	Series A	$11.9M
Enedym	Manufacturer of electric motors for multiple categories of vehicles	Hamilton (Canada)	2010	Series A	$15M
Additive Drives	Provider of components of electric vehicle motors	Dresden (Germany)	2020	Series A	$31.4M
EVR Motors	Manufacturer platform for electric motor technology	Petah Tikva (Israel)	2012	Series A	-

Get a longer list of companies

Companies founded year-on-year in Multi Category

1 new startup has been founded so far in 2026 in Multi Category. 14 Multi Category startups were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	1
2025	-
2024	3
2023	7
2022	14
2021	8
2020	5
2019	7
2018	6
2017	3

Companies founded across countries in Multi Category

India has 49 Multi Category startups, the most by any country, followed by United States and Germany which have 8 startups.

Total Number of Companies

Country	No. of companies
India	49
United States	8
Germany	8
China	7
United Kingdom	5
Canada	3
Netherlands	3
Japan	2
Taiwan	2
France	2

Stage-wise distribution of Multi Category

Out of the total 99 Multi Category companies, 36 have secured funding. Among them, 14 have reached Series A or higher, and 6 to Series B or beyond.

Founded - 99

Funded - 36

Series A+ - 14

Series B+ - 6

Series C+ - 6

Company Stage	No. of companies
Founded	99
Funded	36
Series A+	14
Series B+	6
Series C+	6

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95+ Total Companies
$233M+ Total Funding
35+ Funded Companies
4 Acquisitions

Total funding year-on-year in Multi Category

Multi Category saw a total funding of more than $179M in the last 10 years. The most amount of funding has been in 2026 at more than $29.6M till date.

Total Funding

Year	Total Funding
2026	$29.6M
2025	$13.7M
2024	$5.13M
2023	$22.1M
2022	$27.3M
2021	$21.6M
2020	$24.1M
2019	$4.98M
2018	$18.8M
2017	$12M

Total funding across countries in Multi Category

In the last 10 years, Multi Category startups in India have recieved the highest funding among all countries - $63.9M. Germany follows with $31.6M and United States with $30.3M.

Total Funding

Country	Total Funding
India	$63.9M
Germany	$31.6M
United States	$30.3M
Netherlands	$17.6M
Canada	$17.4M
Japan	$4.57M
South Korea	$1.39M
France	$225K
United Kingdom	$215K
China	-

Total funding amount raised by stage in Multi Category

Over the last 10 years, Multi Category have seen $33.3M into Seed Stage funding rounds, $96M into Early Stage funding rounds and $33K go into Late Stage funding rounds.

Funding Stage	Total Funding
Early Stage	$96M
Debt	$34.8M
Seed Stage	$33.3M
Grant	$3.1M
Late Stage	$33K

Recent Funding Rounds in Multi Category

In the year 2026, till February 2026, Multi Category companies have raised $29.6M in equity funding across 1 round. In the same period last year (i.e. till February 2025), Multi Category companies had raised $6.2M across 1 round. So, 2026 has seen a 377.79% rise in funding in Multi Category companies as compared to 2025.

Here are some recent, important funding rounds in Multi Category:

Company	Round Raised	Amount Raised	Funding Date	Investors
Additive Drives	Series A	2971	Feb 02, 2026	Nordic Alpha Partners and 1 more
Naxatra Labs	Seed	1760	Dec 20, 2025	Rainmatter and 19 more
Enedym	Series A	3797	Nov 07, 2025	Honda
Gati Drives	Seed	4138	Oct 27, 2025	Campus Fund
Modal Motors	Seed	3391	Oct 23, 2025	-

See a more detailed list of funding rounds

IIMA Ventures is the top investor in Multi Category companies based on number of companies invested.

Here are some top investors in Multi Category:

Investor	Location	Top Portfolio Companies
IIMA Ventures	Ahmedabad (India)	Chara
Kindred Ventures	San Francisco (United States)	Linear Labs
Samm Sustainability	Gurugram (India)	Naxatra Labs
Imediablitz Solutions	Delhi (India)	Naxatra Labs
Kalaari Capital	Bengaluru (India)	Chara

See a more detailed list of investors

In the year 2022, till December 2022, 1 acquisition happened in Multi Category.

Here are some recent, important acquisitions in Multi Category:

Company	Acquisition Type	Acquisition Date	Acquirers
EMF Innovations	Business Acquisition	Dec 15, 2022	Shriram Pistons & Rings
Bluffton Motor Works	Business Acquisition	Mar 28, 2016	WEG
Askoll	Business Acquisition	Jan 01, 2016	Tata AutoComp
Schabmuller	Business Acquisition	Jul 27, 2012	zapigroup.it
Bluffton Motor Works	Business Acquisition	Jun 01, 2006	CW Industrial Partners

See a more detailed list of acquisitions

Acquisition trends in Multi Category

Here are the acquisition trends in Multi Category:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	-
2023	-
2022	1
2021	-
2020	-
2019	-
2018	-
2017	-

In the year 2018, till July 2018, 1 IPO happened in Multi Category.

Here are some recent, important IPOs in Multi Category:

Company	IPO Date	Exchange Symbol
Varroc	Jul 06, 2018	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
Jiangxi Special Motor	Oct 12, 2007	Shenzhen Stock Exchange (SZSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in Multi Category

Most number of Multi Category startups have been founded by alumni from IIT Kanpur, HEC Paris and Harvard Business School.

College	No. of companies
IIT Kanpur	2
HEC Paris	1
Harvard Business School	1
Harvard University	1
IIM Ahmedabad	1
IIM Bangalore	1
IIT Delhi	1
IIT Madras	1
University of Toronto	1

Total funding in companies founded by alumni from top colleges in the Multi Category

In the last 10 years, IIT Madras graduates' Multi Category companies have raised the most funding among top colleges. University of Toronto alumni are second, and IIT Kanpur alumni are third.