COMPANY PROFILE

EVage

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All-electric commercial vehicle startup

Ajitgarh, IndiaFounded 2014Transportation

Valuation $100–250M Last recorded · 2022

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About EVage

EVage is a pioneering company in India’s logistics sector, focusing on the design and manufacture of electric commercial vehicles. The company serves logistics and transportation businesses that are looking to transition to sustainable energy solutions. Operating within the electric vehicle (EV) market, EVage aims to combat climate change by providing emissions-free mobility solutions. The business model revolves around the production and sale of electric commercial vehicles, as well as forming partnerships with suppliers and other stakeholders in the renewable energy ecosystem. Revenue is generated through vehicle sales and strategic partnerships. EVage’s mission is to reimagine mobility to transform lives and businesses, promoting a shift to renewable energy.

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At a glance

Status: Operational
Founded: 2014
Headquarters: Ajitgarh, India
Employees: 63
Open positions: None listed
Dealroom signal: 58.9/100
Industry: Energy
Sub-industry: Energy Storage, Vehicle Production
Sector: Transportation, Lithium-Ion Batteries, Battery, Sustainable Development Goals, EV Battery, Climate Tech, Electric Mobility, EV Manufacturing, Hard Tech
Technology: Hardware
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SEED✓Equity / VC	Jan 2022	$28M	$112M	RedBlue Capital	↗
ANGEL✓Equity / VC	Aug 2020	$0	—	Anand Shah · Anmol Nayyar · Varun Pahwa	—

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Growth signals

EVage website traffic

Latest recorded traffic for EVage is 250 monthly website visits, down 75% over the last three months. EVage's team declined 17.1% over the past year.

Latest monthly visits250 3-month web change-75% 1-year team growth-17.1%

Monthly website visitsOct 2020–Jul 2026

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