VidyutTech

VidyutTech

An EV tailored platform with the goal to make ownership of electric vehicle simple & stress free.

HQ location
Bengaluru, India
Launch date
Employees
Enterprise value
$25m
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DateInvestorsAmountRound
-investor investor investor investor investor investor investor

€0.0

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investor investor

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N/A

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$2.5m

Valuation: $25.0m

Early VC
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-373 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

Notes (0)
More about VidyutTech
Made with AI
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VidyutTech is a startup operating in the electric vehicle (EV) market in India. It provides innovative financing solutions for EVs, making them more affordable for consumers. The company's primary offering is a unique subscription-based model where customers can rent batteries for their EVs at a low cost, as low as ₹1 per kilometer. This model allows customers to avoid high-cost monthly installments (EMIs) and heavy down payments typically associated with EV ownership.

VidyutTech's business model also includes a free battery replacement service. Customers can have their batteries replaced every 3-5 years at no extra cost, which is included in their subscription fee. This service eliminates one of the major concerns for potential EV owners - the cost of replacing the battery.

The company's target market is consumers who are interested in owning an EV but are deterred by the high upfront costs and ongoing maintenance expenses. By offering a more affordable and stress-free solution, VidyutTech is able to attract and retain these customers.

VidyutTech's revenue comes from the subscription fees paid by customers. The company also offers assured buybacks, which could potentially provide another revenue stream.

In summary, VidyutTech is a customer-centric EV financing solution provider that makes EV ownership more affordable and less stressful through its innovative subscription-based model and free battery replacement service.

Keywords: Electric Vehicles, Financing Solutions, Subscription Model, Battery Rental, Free Battery Replacement, Low-Cost, Customer-Centric, Assured Buybacks, Indian Market, Innovative Business Model.

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