ElectriQ (Only Electriq Solutions Private Limited), a Hyderabad-based Electric Vehicle (EV) Mobility OEM announced the successful closure of its Early Seed funding round.
The round witnessed participation from Early Seed Ventures, supported by Eisen Enterprises, Angel Investors, and High Net-worth Individuals (HNIs), marking a pivotal milestone for the company as it prepares to scale its proven EV ecosystem model globally.
This fundraise marks the company’s first external capital infusion and the firm is moving towards vertical integration, digitized entire back end operations.
According to Anand Thakur, Founder & CEO, ElectriQ, “ElectriQ was built on the conviction that sustainable mobility must be financially viable for both the operator and the rider. Having remained profitable since inception without external capital is a testament to our model’s resilience. This funding round accelerates our mission to put 25,000+ EVs on the road and impact over 50,000 riders over the next 36 months — in India and globally.”
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Also Read : The Climate Pledge launches JOULE project to drive electric vehicle adoption in India
Founded in 2021–22, ElectriQ is focused on empowering India’s gig and last-mile delivery workforce through affordable, sustainable, and digitally connected electric vehicle solutions. The company has built a comprehensive and a robust Business Model , end-to-end EV ecosystem spanning:
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