Electriq
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Electriq - overview
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 June 2026, Electriq raised an undisclosed amount of seed funding from new investors Earlyseed Ventures and Eisen Enterprises. 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 will use the June 2026 funding to strengthen vertical integration and digitize backend operations to improve efficiency and scalability.
Current Investors
Moto Business Service India Private Limited, Earlyseed Ventures, Eisen Enterprises
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
Angel & Seed
Total Amount Raised
Subscriber access only
Electriq - timeline of key events
Electriq - financials
| Fiscal Year Ended | Dec 31, 2022 | Dec 31, 2023 | Mar 31, 2024 |
|---|---|---|---|
| Revenue (USD) | - | - | - |
| % Revenue Growth (YoY) | - | - | - |
| EBITDA (USD) | - | - | - |
| Operating Income (USD) | - | - | - |
| Operating Margin | - | - | - |
| % EBITDA Margin | - | - | - |
| NET Income (USD) | - | - | - |
| % Net Margin | - | - | - |
Electriq - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Seed | Completed | Electriq | - | ||||||||
| Unspecified Round | Completed | Electriq | - |
Displaying 1 - 2 of 2
Electriq - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.