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. See more

Legal Name

:

Magenta Power Private Limited

Headquarters

:

Navi Mumbai, Maharashtra, India

Business Model

:

B2B2C 

Founding Date

:

Dec 2017

No. of Employees

:

251 to 500

Core Team

:
1.

Maxson Lewis

Co-Founder

2.

Darry Dias

Co-Founder

Timeline
2017
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Dec | Company Incorporation
Company incorporated in Navi Mumbai (bootstrapped) and operating from a terrace shed
2019
Feb | Raised Funding
Raised Seed fund from HPCL (Hindustan Petroleum Corporation Limited)
Nov | Awards
Frost & Sullivan - Intelligent Mobility Award
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See More

Target Market

B2C

Housing Societies, Individual EV users

User Age

:

35 to 45

User Income

:

High Income

B2B

Electric Fleet owners, Housing societies, Malls, Offices

Client Segment

:

Automotive, FMCG, Energy, Logistics

Target Companies

:

Medium Enterprise, Large Enterprise

Funding

Total Funding

$15.0M

Investors

:

1.

Hindustan Petroleum (HPCL)

2.

JITO Angel Network

3.

LetsVenture