Electriq Asset Profile

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Year established

2021

Location

Hyderabad Telangana India

Primary Industry

Automobiles, Other Vehicles & Parts

About

Based in Telangana, India, and founded in 2021 by its CEO Anand Thakur, Only Electriq Solutions Private Limited operates as a manufacturer of motor vehicles, trailers, and semi-trailers company. In October 2022, Electriq raised venture funding led by Moto Business Service India Private Limited. As of October 2022, the company has two manufacturing plants in Hyderabad and Haryana and already deployed over 250 units of E-scooters and 50 units of E-cycles. Only Electriq Solutions Private Limited manufactures electric vehicles which are equipped with smart IoT devices that enable tracking of real-time locations of vehicles and vehicle drivers through an IT, web, and app-based platform. In addition, the company offers insurance, consulting, sourcing, and localization services as well as products, spares, after-sales services, and mobility solutions. The company sells electric vehicles to aggregators including Zepto and Swiggy. The company plans to use venture funding to access the EV mobility industry and expand across cities like Bengaluru, Kolkata, Pune, Delhi and Chennai in partnership with MBS.

Current Investors

Moto Business Service India Private Limited

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Primary Industry

Automobiles, Other Vehicles & Parts

Sub Industries

Consulting Services, Automobile Dealerships, Insurance, Automobiles, Other Vehicles & Parts, Web Applications, Software

Website

www.electriq.co.in

Verticals

IoT (Internet of Things), Manufacturing

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

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