By Enersider Desk | New Delhi | 11 June 2026
Hyderabad-based electric mobility company ElectriQ has successfully closed its Early Seed funding round, attracting investments from Early Seed Ventures, Eisen Enterprises, angel investors and high-net-worth individuals (HNIs). The funding marks the company’s first external capital raise since its establishment in 2021–22.
According to the company, ElectriQ has remained profitable since its first year of operations and had operated entirely through bootstrapped funding until March 2026. The latest investment is expected to support the company’s plans to scale its electric vehicle (EV) ecosystem in India and expand into international markets.
Image Credit: PTI
ElectriQ operates as an EV mobility original equipment manufacturer (OEM) and clean-tech company focused on serving India’s gig economy. The company has developed an EV ecosystem that includes vehicle manufacturing and assembly, battery swapping and leasing, digital fleet management, rental and lease-to-own programmes, and a franchise-based service network.
The company has operational hubs in Hyderabad, Bengaluru and Chennai. Its digital platform offers services such as fleet management, battery health monitoring, rider management and data analytics.
The company said, “it has recorded more than 25 million kilometres driven through vehicles and completed over 11.2 million trips”. It also claims to have helped offset 2.1 million kilograms of carbon emissions while saving approximately 0.65 million litres of fuel.
ElectriQ plans to use the newly raised funds to expand its domestic operations, supported by an order pipeline of 5,000 vehicles across Indian and overseas markets. The company also intends to strengthen its hub and spoke network across metropolitan and Tier-2 cities, accelerate international expansion and invest in advanced battery technologies, including NMC, LFP and solid-state batteries.
Founder and Chief Executive Officer of ElectriQ said “the company was built on the belief that sustainable mobility must be financially viable for both riders and operators and the funding would help the company deploy more than 25,000 EVs and positively impact over 50,000 riders within the next 36 months”.
ElectriQ is targeting annual revenue of ₹150 crore over the next three years as it focuses to strengthen its position in the electric mobility sector.
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