How Nexular is helping EV makers track and manage connected vehicles

India’s EV market is projected to nearly triple by 2032, with most of that growth coming from two- and three-wheelers that power last-mile mobility. 

But many manufacturers in the country entered the market without a plan to manage vehicles after selling them to customers. They had little visibility into where the vehicles were, how the batteries were performing, or whether faults were developing. 

Mumbai-based Nexular wants to change that. The startup provides connected hardware, cloud software, and an AI-powered intelligence layer that allows EV manufacturers across India, Southeast Asia, and Africa to monitor, manage, and monetise their vehicles.

Nexular was founded in 2023 by Sweden-trained computer scientists Joel and Emma Rozada, who've co-founded over 10 companies together, along with Matthias Hultén. They founded Nexular along with Matthias Hultén, a mobility, operations, and product development expert. Joel serves as Chairman, Emma as CFO, and Matthias as CEO.

“Manufacturers had already made the decision to connect their vehicles,” Joel Rozada says. “The only open question was which supplier to use, and at what price.”

That became Nexular’s blueprint: hardware inside the vehicle, software to manage the data, and an intelligence layer that turns the data into usable features.

Three layers of connectivity

A compact device is installed on the production line alongside the battery, tyres, and motor. This device captures data such as location, battery health, and speed, and can remotely disable a vehicle if required. Different hardware variants are available for different markets. 

Each manufacturer operates within its own dedicated software environment, with data stored on private local servers. This setup keeps customer data private and secure, while helping manufacturers comply with local data regulations as Nexular expands into new markets. 

The third layer is where Nexular believes it stands apart. Because it owns the entire technology stack, the company can release new features far more quickly than competitors working with multiple vendors.

Payment tools, analytics dashboards, and remote-control functions can all be added without rebuilding the platform. Rozada says this approach allows Nexular to move up to 100X faster than conventional development cycles. ”A project that would normally take a year, we can do in two days,” he says.

Unlike petrol vehicles, which are largely disconnected once they’re sold, electric vehicles remain digitally connected throughout their lives. Manufacturers can manage battery-swapping networks, leasing programmes, and after-sales services, but only if they know how vehicles are being used. 

That visibility also changes financing. If lenders know where a financed vehicle is and how it is being used, lending becomes less risky, and borrowing costs can fall. 

“For delivery riders and gig drivers, that interest-rate gap can be the difference between being able to buy a vehicle, and the income it enables, or not,” Rozada says. 

Turning connectivity into a business

For riders, the technology appears as a straightforward mobile app showing location, battery level, and a digital key.

Manufacturers and fleet operators, meanwhile, get access to dashboards showing live vehicle locations, service alerts, and maintenance warnings. These can either integrate into existing systems or power white-labelled apps for customers and leasing partners. 

Nexular earns a one-time fee for every hardware unit it sells, alongside a recurring software subscription. Manufacturers can choose individual products or deploy the full platform. 

The company is also developing software that uses vehicle data to automate financing, rentals, and battery-swapping services, particularly in markets where vehicle financing remains slow and paperwork-heavy.

Building the technology was only half the challenge. Convincing manufacturers to adopt it meant fitting into an existing automotive supply chain. 

Wired into the supply chain

Rather than selling directly to riders, Nexular works with vehicle manufacturers as a Tier I supplier. Its customers include motorcycle company Roam, along with micromobility players Clean Motion and EVX Mobility. The platform supports everything, from two-wheelers to quadricycles and public service vehicles.

Nexular competes with players like Vecmocon Technologies, which builds battery management and vehicle intelligence for EV OEMs; and Intangles, known for AI-driven predictive fleet maintenance. 

The company has signed three OEM contracts worth over $400,000, and is negotiating five more. According to Nexular, its commercial pipeline exceeds one million vehicles across India, Southeast Asia and Africa, representing a potential first-year opportunity of $10-20 million. 

"Most people from Europe go west when they expand. We went east, first to China, then India, because we saw the same inflexion point," he says. 

He compares today's Indian EV industry with China's earlier rise, pointing to companies such as BYD that evolved from domestic manufacturers into global brands within a decade. "We are building the infrastructure for the ones that do," he says.

Nexular positions itself as “Made in India, international standard”, combining local manufacturing with export-ready technology. 

Rozada says speed remains its biggest advantage. Owning the full technology stack allows the company to develop and deploy products much faster than competitors working across fragmented systems.

The road ahead

Rozada initially invested about $3 million of his own capital before Nexular raised another $550,000 from Saganaki Ventures, 8+ Ventures, Lindia Invest, Skare Invest, and a group of European angels in March 2026. 

The funding was used to finance manufacturing, hiring, and customer acquisition, and the company's Edge Series is now in full production in India.

With production underway, Nexular’s immediate focus is fulfilling orders and expanding its market share. A Series A round will follow as sales grow. 

In the near term, Nexular wants to become the leading EV connectivity platform in India and Southeast Asia. 

In the long term, Rozada believes connectivity will become the foundation for a broader mobility ecosystem.

“We are building the infrastructure that will change how vehicles are owned, financed, and operated across India and Southeast Asia,” he says. 

He expects AI-powered financing, rentals, and leasing to sit on top of the platform in the next two years. 

"We can automate financing decisions at the vehicle level and cut the cost of credit," he says. "That makes EVs affordable for people who use a bike as their business, not just transport."

For riders whose livelihood depends on their vehicles, lower financing costs could make EV ownership much more accessible. At that scale, Rozada believes Nexular has the potential to become "a multi-x unicorn".