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RACEnergy

RACEnergy is setting up India's largest and most advanced battery swapping network.
Manufacturing,  Automotive,  DeepTech  
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Basic Information
Established in 2018 by Arun Sreyas Reddy and Gautham Maheswaran, RACEnergy accelerates the adoption of electric mobility by building electric vehicles and supporting infrastructure that are reasonable, well-suited, shielded and connected with great performance. RACE also has a broad installation base that is used by major companies worldwide.
Legal Name
:
Reddy Automotive Pvt. Ltd.
Headquarters
:
Hyderabad, Telangana, India
Business Model
:
B2C,  B2B  
Founding Date
:
14th Aug 2018
No. of Employees
:
21 to 40
Core Team
:
1.  
Arun Sreyas Reddy
Co-Founder
2.  
Gautham Maheswaran
Co-Founder
Revenue Stream
Commission on transaction
Renting / Leasing
Fee-For-Service
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Funding

Total Funding

$1.9M

Investors
:
1.  
growX ventures
2.  
Prophetic Ventures
3.  
Huddle
4.  
BITS Spark

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Detail Round Breakdown
Round 1

$3M

Series Name
:
SEED
Date
:
9th May 2023
Investors
:
1.  
growX ventures
2.  
Huddle
3.  
Micelio Fund
Features

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[Funding alert] EV infra startup RACEnergy raises $1.3M led by Micelio Fund, growX ventures

[Funding alert] Electric vehicle mobility startup RACEnergy raises undisclosed seed funding from growX ventures, others

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Features

[Startup Bharat] IIT-Guwahati incubated Renergy Solutions provides clean power solutions for remote and non-electrified locations in Northeast India

[Funding alert] EV infra startup RACEnergy raises $1.3M led by Micelio Fund, growX ventures

[Funding alert] Electric vehicle mobility startup RACEnergy raises undisclosed seed funding from growX ventures, others

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Urja is a platform that generates real-time insights from industrial machinery with patent-pending sensing and processing technologies.

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India's first leed gold-rated solar manufacturing facility.

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