VidyutTech Services Private Limited
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VidyutTech Services Private Limited - overview
Established
2021
Location
Bangalore, Karnataka, India
Primary Industry
Financial Services
About
Based in Karnataka, India, and founded in 2021 by co-founders Xitij Kothi and Gaurav Srivastava, VidyutTech Services Private Limited operates as an electric vehicle (EV) ecosystem company that focuses on providing battery subscription ownership plans powered by proprietary asset-underwriting algorithms and establishes ownership solutions for brands such as Mahindra, Piaggio, Altigreen, Murugappa Group’s Montra Electric, Euler Motors, and OSM vehicles. In February 2025, VidyutTech Services Private Limited raised INR 210 million in venture funding from new investor Flourish Ventures. VidyutTech offers a range of electric three-wheelers from various manufacturers, including Mahindra, Piaggio, Euler, Altigreen, Montra, and Greaves. The company’s product lineup includes various models such as the Mahindra Zor, Piaggio E City, and Euler HiLoad, each designed for different commercial and personal transportation needs.
The company plans to use its proceeds from February 2025 funding to increase the range of battery-as-a-service products it offers for the commercial and passenger EV markets.
Current Investors
LVX, Force Ventures, QED Innovation Labs
Primary Industry
Financial Services
Sub Industries
Equipment Rental & Leasing, Automobiles, Other Vehicles & Parts, Energy Storage & Batteries
Website
www.vidyuttech.com
Verticals
Clean Technology, Electric & Hybrid Vehicles
Company Stage
Series A
Total Amount Raised
Subscriber access only
VidyutTech Services Private Limited - timeline of key events
VidyutTech Services Private Limited - financials
| Fiscal Year Ended | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
VidyutTech Services Private Limited - employee data
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