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.
CIN: U50400KA2021PTC154044Active (as per Tofler, 17 May 2026; TheCompanyCheck confirms "Active Compliant")RoC-Bangalore, Karnataka (Tofler, Falconebiz)Confidence: medium
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Vidyuttech Services Private Limited |
|---|---|
| CIN | U50400KA2021PTC154044 |
| PAN | AAICV3837D (Tofler only — single source, treat as partial) |
| Status | Active (as per Tofler, 17 May 2026; TheCompanyCheck confirms "Active Compliant") |
| Listing | Unlisted (private limited company; per TheCompanyCheck) |
| Incorporated | 09 November 2021 (Tofler, Falconebiz, TheCompanyCheck all agree) |
| ROC | RoC-Bangalore, Karnataka (Tofler, Falconebiz) |
| Sector (NIC) | Registry activity code listed as U50400 (sale, maintenance & repair of motorcycles/parts — per Tofler/Falconebiz filing code). TheCompanyCheck separately tags it Sector: E-Commerce, Activity: "Online automotive platforms," NIC Code J/J6 (Information & Communication — computer programming/consultancy). Actual operating business (per company website and funding press) is EV financing/BaaS — a fintech-for-EV platform, not a motorcycle dealer; the U50400 code is likely a generic MCA filing classification, not descriptive of real operations. |
| Registered address | 36/5, Hustlehub Tech Park, Somasandrapalya, Haralukunte Village, Adjacent 27th Main Road, Sector 2, HSR Layout, Bangalore South, Karnataka 560102 (confirmed on Tofler, Falconebiz, TheCompanyCheck) |
| Authorized capital | ₹3,05,300 (₹3.05 lakh) — confirmed on Tofler, Falconebiz, TheCompanyCheck |
| Paid-up capital | ₹2,40,807 (₹2.41 lakh) — confirmed on Tofler, Falconebiz, TheCompanyCheck |
Business Overview
Confirmed- 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
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Gaurav Srivastava | 09391250 | Director since incorporation, 09 Nov 2021 co-founder. | - |
| Xitij Avinash Kothi | 06639253 | Director since incorporation, 09 Nov 2021 co-founder. Both DINs and appointment dates confirmed across Tofler, Falconebiz and TheCompanyCheck. No other directors/resignations reported by any source may be incomplete; MCA-blocked, so full DIR-12 history not verified. | - |
Financials
Partial / conflicting- FY2025 (per TheCompanyCheck, single source — treat as partial, standalone entity-level, likely unaudited/estimated): 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
Partial / conflicting- Total funding reported ~$14–20M across multiple rounds (source figures diverge)
- Key rounds: Seed — 13 Jan 2022 (amount undisclosed
- Tracxn)
- Series A — ~29 Jan 2024, $9.67M equity (lead: 3one4 Capital
- also Zephyr Peacock and others) plus $2.70M conventional debt same date (Tracxn)
- press (Inc42/India Entrepreneur, dated variably Feb 2024 per EVreporter fetch, sourced as "USD 10M Series A") 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
Partial / conflicting- Per TheCompanyCheck (single source, partial): 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
Confirmed- EV financing/ownership-infrastructure peers (mixed scale): Ecofy (larger, $65.5M raised, Series B) — EV/solar/SME financing NBFC
- Ascend Capital (~$6M raised, Series A) — EV financing platform
- ChargeUp (~$12M raised, Seed) — battery swapping/charging
- Three Wheels United — EV three-wheeler financing, similar/larger scale
- Alt Mobility — EV asset-financing and leasing, comparable stage
- RevFin — EV retail financing NBFC, larger scale
- (Source: Tracxn competitor mapping.)
Frequently Asked Questions
What does Vidyuttech Services Private Limited do?
Bengaluru-based EV-ownership fintech offering battery-as-a-service financing, lifecycle maintenance and assured resale for small commercial electric vehicles.
What is the CIN of Vidyuttech Services Private Limited?
The Corporate Identification Number (CIN) of Vidyuttech Services Private Limited is U50400KA2021PTC154044.
Where is Vidyuttech Services Private Limited registered?
Vidyuttech Services Private Limited is registered with RoC-Bangalore, Karnataka (Tofler, Falconebiz). Registered address: 36/5, Hustlehub Tech Park, Somasandrapalya, Haralukunte Village, Adjacent 27th Main Road, Sector 2, HSR Layout, Bangalore South, Karnataka 560102 (confirmed on Tofler, Falconebiz, TheCompanyCheck)
When was Vidyuttech Services Private Limited incorporated?
Vidyuttech Services Private Limited was incorporated on 09 November 2021 (Tofler, Falconebiz, TheCompanyCheck all agree).
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