Company Intelligence Profile
Only Electriq Solutions Private Limited
Hyderabad-based EV mobility OEM (brand "ElectriQ") manufacturing 2W/3W/SCV electric vehicles and offering leasing, battery-swapping and fleet-management services for last-mile delivery.
Last updated 21 August 2026
Only Electriq Solutions Private Limited, incorporated in November 2021, is a Hyderabad-based electric vehicle manufacturer operating under the brand ElectriQ. It produces two-wheeler, three-wheeler, and small commercial electric vehicles, and offers vehicle leasing, battery swapping, charging infrastructure, and fleet management for last-mile delivery. The company is active and has announced an early seed funding round.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Only Electriq Solutions Private Limited |
|---|---|
| CIN | U34100TG2021PTC157007 |
| PAN | AADCO6307Q; consistent with GSTIN prefixes "AADCO" seen on Falconebiz GST page |
| Status | Active |
| Listing | Not listed (unlisted private company) |
| Incorporated | 16 November 2021 |
| ROC | RoC Hyderabad (Telangana) — inferred from CIN "TG" code and registered address; not independently confirmed on a fetched page — partial |
| Sector (NIC) | NIC 3410 — Manufacture of motor vehicles; business per own website is EV OEM (2W/3W/SCV) |
| Registered address |
|
| Authorized capital | ₹5.0 Lakhs |
| Paid-up capital | ₹5.0 Lakhs |
Business Overview
- ElectriQ (Only Electriq Solutions Pvt Ltd) is a vertically integrated EV OEM headquartered in Hyderabad, founded 2021, manufacturing 2-wheeler, 3-wheeler and Small Commercial Vehicle EVs
- It offers vehicle leasing/sales, battery swapping and leasing, fast-charging infrastructure, fleet management via a digital/IoT platform, roadside assistance, and financial-inclusion/skilling programs for last-mile and mid-mile delivery riders
- Claims 25M+ km driven, 11.2M+ trips, 2.1M+ kg carbon reduced (company website, self-reported — not independently verified)
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Anand Singh Thakur | 08407107 | - | - |
GST Registrations
3 GSTINs identified via Falconebiz GST listing (numbers partially masked on free page): Karnataka (29AADCO...), registered 8 Nov 2023, active; Tamil Nadu (33AADCO...), registered 1 Nov 2023, active; Telangana/home state (36AADCO...), registered 22 Nov 2021, active. Full GSTIN digits not obtained (masked behind paywall) — partial. PAN prefix AADCO matches company PAN AADCO6307Q, consistent across sources.
Financials
- Operating revenue in range ₹1–100 crore. Borrowings increased 1725.74% YoY; total assets increased 408.48% YoY; debt-to-equity ratio 7.57 — indicates high leverage/rapid scale-up. Exact Revenue/EBITDA/PAT/Net worth figures and standalone-vs-consolidated basis: not obtained
Funding
- Company (as "ElectriQ") announced closing an "Early Seed Funding Round" per a PTI press release to accelerate EV ecosystem expansion in India — described as "a Profitable leading Electric Vehicle (EV) Mobility OEM." Exact amount, investor names and round structure could not be retrieved (article full text not accessible via fetch) — partial/not obtained
- Tracxn also references "has raised an undisclosed amount in funding."
Charges / Loans
- One open charge per Tofler: Charge holder Aristo Securities Private Limited, amount ₹0.3 crore, created/modified 29 November 2023
- No other charges identified — partial
Competitors
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