Numadic Ltd.

Numadic Ltd. is a technology company that specializes in enhancing the connected vehicle ecosystem through innovative solutions including ANPR-based fuelling and EV charging technologies. Numadic Ltd. , founded in 2016 and headquartered in Panaji, India, focuses on delivering technology solutions for the vehicle ecosystem.

The company has not undergone any significant changes in its business strategy or operations since its inception. The founders include Aprup Shet, Karishma Shadiza, Luke Sequeira, Prateek Gupta, and Yesh Surve, with Luke Sequeira serving as the CEO. In October 2021, Numadic raised USD 2. 5 million in a pre-Series A funding round, bringing its total amount raised to USD 2.

5 million with a current valuation of USD 20. 00 mn. The company has been involved in 2 deals in total. Numadic specializes in innovative technology solutions that enhance the connected vehicle ecosystem.

Their core offerings include Automatic Number Plate Recognition (ANPR)-based fuelling and electric vehicle (EV) charging solutions, which streamline the respective processes for businesses and end-users. These services facilitate accurate vehicle identification, enabling applications such as automated gate entry, logistics management, and fleet management. Additionally, Numadic provides RFID-enabled parking and weighbridge management solutions, optimizing space utilization and improving operational efficiency. The company's clientele includes fuel stations, logistics companies, and various industries such as ports, airports, and smart cities.

Numadic's products are made available across diverse geographical markets, including India, the United Kingdom, and significant markets in Europe, Asia, and North America. Numadic’s revenue for the most recent year, 2023, amounts to USD 1,155,155. 70, with an EBITDA of USD 115,453. 30.

The company's revenue model is structured around B2B partnerships, focusing on integrating technology solutions into existing infrastructures. Revenue is generated from flagship offerings such as the ANPR fuelling solutions and the Urjan fuel station management platform, through a combination of direct sales and ongoing support agreements. Pricing structures are tailored to meet the needs of various business clients in the sectors Numadic serves. In October 2021, Numadic raised USD 2.

5 million in pre-Series A funding, which will be utilized to hire new talent and further develop its product offerings. The company plans to launch new products aimed at enhancing its current technology suite. Numadic is also focusing on expanding into new markets, specifically targeting regions in Europe and North America by 2024, to broaden its customer base and increase its market share.