Company Intelligence Profile
Vidyuttech Services Private Limited
Bengaluru-based EV-ownership fintech offering battery-as-a-service financing, lifecycle maintenance and assured resale for small commercial electric vehicles.
Last updated 10 August 2026
Vidyuttech Services Private Limited, based in Bengaluru, is a fintech company specializing in battery-as-a-service financing, lifecycle maintenance, and assured resale for small commercial electric vehicles in India. The company reported a revenue of ₹10.19 Cr in FY2025, marking a 315% year-over-year growth. Founded in 2021, Vidyuttech has received total funding of approximately $14, 20 million across multiple rounds.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Vidyuttech Services Private Limited |
|---|---|
| CIN | U50400KA2021PTC154044 |
| PAN | AAICV3837D |
| Status | Active |
| Listing | Unlisted |
| Incorporated | 09 November 2021 |
| ROC | RoC-Bangalore, Karnataka |
| Sector (NIC) |
|
| Registered address | 36/5, Hustlehub Tech Park, Somasandrapalya, Haralukunte Village, Adjacent 27th Main Road, Sector 2, HSR Layout, Bangalore South, Karnataka 560102 |
| Authorized capital | ₹3,05,300 (₹3.05 lakh) |
| Paid-up capital | ₹2,40,807 (₹2.41 lakh) |
Business Overview
- Trading as "Vidyut" / "VidyutTech," the company builds financing, service and resale infrastructure for electric-vehicle ownership in India, targeting small commercial EV operators (e-rickshaws, three-wheelers, cargo EVs)
- Core offerings: Vidyut BaaS (Battery-as-a-Service — pay-per-use financing that separates chassis loan from battery cost), integrated lifecycle service/maintenance, and Vidyut NextRide (assured resale/buyback)
- Partners with OEMs (Tata Motors, Mahindra, Bajaj Auto, Piaggio, Euler, MG, Montra Electric) and lenders (incl. Shivalik Small Finance Bank, Ecofy)
- DPIIT-recognised startup; founded 2021 by Gaurav Srivastava and Xitij Avinash Kothi
- Reported ~183 employees (LinkedIn) vs ~44 per EPFO data cited by TheCompanyCheck (as of Apr 2024) — headcount figures conflict across sources, treat as partial
- Sources: vidyuttech.in, vidyuttech.com, LinkedIn, Inc42, EVreporter
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Gaurav Srivastava | 09391250 | Director | 09 Nov 2021 |
| Xitij Avinash Kothi | 06639253 | Director | 09 Nov 2021 |
Financials
Vidyuttech Services Private Limited reported FY2025 revenue of ₹10.19 Cr, marking a 315% increase year over year. Further financial details such as EBITDA, PAT, and net worth were not disclosed.
- Revenue ₹10.19 Cr, up 315% YoY. EBITDA, PAT, and net worth not disclosed (locked/premium). No independent second source corroborates these figures — not obtained/confirmed elsewhere (no annual report or Screener/Moneycontrol listing found, as expected for an unlisted startup)
Funding
- Total funding reported ~$14–20M across multiple rounds
- Key rounds: Seed — 13 Jan 2022
- Series A — ~29 Jan 2024, $9.67M equity (lead: 3one4 Capital; also Zephyr Peacock and others) plus $2.70M conventional debt same date; press names investors: 3one4 Capital (lead), Saison Capital, Zephyr Peacock, Force Ventures, Alteria Capital (venture debt), and Udaan CEO Sujeet Kumar (angel)
- A further Series A tranche is listed by Tracxn as 07 Jan 2025 (amount undisclosed)
- Total funding to date cited as "$14 million" in the Feb-2024 press piece vs "$20M across 6 rounds" per Tracxn — dates/amounts conflict between sources; treat as partial, use for directional sizing only
- Other historical investors named by Tracxn: AngelList, Trifecta Capital, Lighthouse Canton, Flourish Ventures
Charges
- Open charges totalling ₹10.5 Cr — including a ₹10 Cr charge registered 20 Jun 2025 and a ₹50 lakh charge registered 30 Mar 2024
- Satisfied charges: ₹0
- Charge-holder identities not disclosed in the fetched source
Competitors
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