Think EBIKEGO Private Limited
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Think EBIKEGO Private Limited - overview
Established
2017
Location
Mumbai, Maharashtra, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Think eBikeGO Private Limited, based in India, operates in the electric mobility sector, providing innovative electric vehicles to enhance sustainable transportation. Founded in 2017 and headquartered in Mumbai, India, Think eBikeGO Pvt Ltd focuses on electric mobility solutions. The company was co-founded by Hari Kiran, Irfan Khan, and Kedar Soman, with Irfan Khan serving as the CEO. Think eBikeGO has completed a total of 4 deals, with the most recent funding round occurring on April 1, 2022, where they raised USD 3.
5 mn from Al Tebah General Contracting and Muscat Projects Environmental Services LLC, bringing their total amount raised to USD 3. 5 mn. eBikeGo specializes in electric mobility solutions, offering a diverse range of electric vehicles designed for various consumer needs. Their flagship products include the MUVI, a practical, European-designed electric two-wheeler, and the Velocipedo, an innovative electric trike known for high-speed and all-weather performance.
Targeting urban commuters and businesses, eBikeGo’s products promote environmentally friendly transportation, catering to individual consumers and businesses transitioning to electric fleets. In the most recent year, 2023, eBikeGo reported revenues of USD 494,059. 20, with an EBITDA of USD -1,539,515. The company's revenue model is based on direct sales of electric vehicles and partnerships with businesses for fleet integration, supporting both individual and commercial clients.
In April 2022, Think eBikeGO Pvt Ltd secured USD 3. 5 mn in pre-Series A funding, which will be utilized to launch the e-scooter Muvi and the trike Velocipedo next year. The company aims to expand its market presence beyond India, tapping into new geographic regions that seek sustainable transportation solutions.
Current Investors
Startup Buddy Services Pvt. Ltd., Sarcha Advisors, Boudhik Ventures Pvt Ltd
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Courier & Delivery Services, Automobiles, Other Vehicles & Parts, Web Applications
Website
www.ebikego.in
Verticals
Clean Technology, Cloud Computing, E-commerce, Electric & Hybrid Vehicles, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Think EBIKEGO Private Limited - timeline of key events
Think EBIKEGO Private Limited - financials
| Fiscal Year Ended | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 5,026,821 | 100,528,060 | - | - | - |
| % Revenue Growth (YoY) | - | 1899.8% | - | - | - |
| EBITDA (USD) | (8,955,132) | (21,289,778) | - | - | - |
| Operating Income (USD) | (9,966,267) | (26,985,609) | - | - | - |
| Operating Margin | (198.3%) | (26.8%) | - | - | - |
| % EBITDA Margin | (178.1%) | (21.2%) | - | - | - |
| NET Income (USD) | (10,321,685) | (28,305,836) | - | - | - |
| % Net Margin | (205.3%) | (28.2%) | - | - | - |
Think EBIKEGO Private Limited - employee data
Think EBIKEGO Private Limited - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM |
BM Board Member
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