company logo
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.
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

Company Incorporation

Dec | Company Incorporation

Company incorporated in Navi Mumbai (bootstrapped) and operating from a terrace shed

2019

Raised Funding

Feb | Raised Funding

Raised Seed fund from HPCL (Hindustan Petroleum Corporation Limited)

Awards

Nov | Awards

Frost & Sullivan - Intelligent Mobility Award

2020

Accelerator / Incubator Program

Jan | Accelerator / Incubator Program

Shell E4 Cohort

Product Launch

Product Launch

Streetlamp integrated EV charger (ChargeGrid Flare) inaugurated by Mr. Surana - CMD of HPCL

Target Market
B2C
Housing Societies, Individual EV users
User Age
:
35 to 45  
User Income
:
High Income  
Location
:
B2B
Electric Fleet owners, Housing societies, Malls, Offices
Client Segment
:
Automotive,  FMCG,  Energy,  Logistics  
Target Companies
:
Medium Enterprise,  Large Enterprise  
Target Geography
:
Funding

Total Funding

$15.0M

Investors
:
1.  
Hindustan Petroleum (HPCL)
2.  
JITO Angel Network
3.  
LetsVenture
Recently Added Startups
Recently Added Startups