Magenta is an end to end platform for clean energy generation, adoption and utilisation.
Basic Information
Magenta is an end to end platform for clean energy generation, adoption and utilisation. Their three business lines are clean energy (rooftop solar power systems), clean mobility (ChargeGrid electric vehicle charging solutions) and clean technology platforms (energy infomatics). They also provide consulting, design, project delivery and maintenance services in respective business domains. Magenta is involved in the design, development, installation and operation of the EV Charging Infrastructure. They are developing and deploying solutions which are made in India, made for India. They are currently operating 54 charging stations across India.
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Legal Name
:
Magenta Power Private Limited
Headquarters
:
Navi Mumbai, Maharashtra, India
No. of Employees
:
251 to 500
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Dec | Company Incorporation
Company incorporated in Navi Mumbai (bootstrapped) and operating from a terrace shed
Feb | Raised Funding
Raised Seed fund from HPCL (Hindustan Petroleum Corporation Limited)
Nov | Awards
Frost & Sullivan - Intelligent Mobility Award
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Jan | Accelerator / Incubator Program
Shell E4 Cohort
| Product Launch
Streetlamp integrated EV charger (ChargeGrid Flare) inaugurated by Mr. Surana - CMD of HPCL
Target Market
B2C
Housing Societies, Individual EV users
User Income
:
High Income
B2B
Electric Fleet owners, Housing societies, Malls, Offices
Client Segment
:
Automotive,
FMCG,
Energy,
Logistics
Target Companies
:
Medium Enterprise,
Large Enterprise
Investors
:
1.
Hindustan Petroleum (HPCL)