Esmito Solutions Private Limited
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Esmito Solutions Private Limited - overview
Established
2018
Location
Chennai, Tamil Nadu, India
Primary Industry
Energy Storage & Batteries
About
Based in Tamil Nadu, India, and founded in 2018 by Prabhjot Kaur, Hasan Ali, and Akhila Vijay Kumar, Esmito Solutions Private Limited, operates as a provider of various energy infrastructure and software solutions for electric vehicles, and offers energy as a service to logistics. In September 2022, Esmito raised INR 100 million in seed funding led by investor Unicorn India Ventures. As of 2022, the company has 520 ports and has provided service to companies like flowtrik, CKmotors, Jio, and many more. The company offers battery solutions that include 48V and 60V lithium-ion batteries for electric two-wheelers and electric three-wheelers, electric two-wheeler battery swapping technology, and charging management solutions for battery performance analytics.
The company also provides an electric vehicle SaaS platform and charge point software used for vehicle management, driver management, route management, preventive management, alerts and notifications, and live location tracking. The company plans to use the September 2022 funding for the expansion of swapping solutions and strengthening its technology team.
Current Investors
Unicorn India Ventures, Hindustan Petroleum
Primary Industry
Energy Storage & Batteries
Sub Industries
Automobiles, Other Vehicles & Parts, Energy Storage & Batteries, Analytics & Performance Software, Logistics Software
Website
www.esmito.co.in
Verticals
Artificial Intelligence, Big Data, Cloud Computing, Electric & Hybrid Vehicles, IoT (Internet of Things)
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Esmito Solutions Private Limited - timeline of key events
Esmito Solutions Private Limited - financials
| Fiscal Year Ended | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 2,730,000 | 3,614,800 | 2,478,890 | - | - | - |
| % Revenue Growth (YoY) | - | 32.4% | (31.4%) | - | - | - |
| EBITDA (USD) | 61,266 | 387,604 | 19,681 | - | - | - |
| Operating Income (USD) | 61,266 | 387,604 | 2,500 | - | - | - |
| Operating Margin | 2.2% | 10.7% | 0.1% | - | - | - |
| % EBITDA Margin | 2.2% | 10.7% | 0.8% | - | - | - |
| NET Income (USD) | 41,266 | 281,674 | 9,448 | - | - | - |
| % Net Margin | 1.5% | 7.8% | 0.4% | - | - | - |
Esmito Solutions Private Limited - employee data
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