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Vidyut Tech

Vidyut Tech

Simplifying electric vehicle ownership with Flexible Financing & Resale Gurantees.

Tag IconEnergy,  FinTech,  Technology  
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Basic Information
VidyutTech's financing platform and lifecycle management service is simplifying electric vehicle ownership. They are building custom financing solutions and a secondary market for electric vehicles. Vidyuttech has built capabilities across the entire ownership journey for EVs from distribution, financing, after-sales to resale by partnering with OEMs, NBFCs & other key stakeholders in the ecosystem. The company's mission is to accelerate the adoption of EVs in India
Legal Name
:
Vidyuttech Services Private Limited
Headquarters
:
Bangalore, Karnataka, India
Business Model
:
B2C,  B2B  
Founding Date
:
2021
No. of Employees
:
21 to 40
Core Team
:
1.  
Xitij Kothi
Co-Founder
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2.  
Gaurav Srivastava
Co-Founder
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Timeline

2021

Company Incorporation

Nov | Company Incorporation

Registered Vidyut Tech

Founding Team Hired

Dec | Founding Team Hired

Leadership team

2022

Product Launch

Feb | Product Launch

Product Launch

Started Generating Revenue

Mar | Started Generating Revenue

Started generating Revenue

Revenue Stream
Lending
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Target Market
B2B
Fleet operators & enterprises.
Client Segment
:
FinTech,  Logistics,  Technology  
Target Companies
:
Small Enterprise,  Medium Enterprise  
Target Geography
:
India  
B2C
Retail EV buyers
User Age
:
26 to 34,  35 to 45  
User Income
:
Lower-middle Income  
Location
:
India  
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Funding
Investors
:
1.  
Force Ventures
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2.  
Veda VC
Detail Round Breakdown
Round 1

$4M

Series Name
:
OTHER
Date
:
8th Dec 2022
Investors
:
1.  
Force Ventures
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2.  
Veda VC
3.  
Sujeet Kumar
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4.  
Sriharsha Majety
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