Early
Seed Ventures, Eisen Enterprises and HNIs Back Profitable EV Mobility OEM with
5,000-Vehicle Order Pipeline and Global Ambitions
HYDERABAD,
INDIA, June 11, 2026 : ElectriQ (Only Electriq Solutions Private
Limited), a Profitable leading Electric Vehicle (EV) Mobility OEM and
clean-tech company headquartered in Hyderabad, today 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.
Founded
in 2021–22, ElectriQ has achieved a rare distinction in India's startup
landscape — profitability since its very first year of operations — entirely
through bootstrapped means until March 2026. This fundraise marks the company's
first external capital infusion, signalling strong investor confidence in its
asset-light yet deeply integrated business model. The firm is moving towards
vertical integration, digitized entire back end operations.
About ElectriQ:
Mobility & Energy Player Building India's EV Ecosystem
ElectriQ
is an EV Mobility OEM 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:
●
EV Manufacturing & Supply Chain – Vehicle
manufacturing/assembly, localisation, and homologation for 2W, 3W, and Small
Commercial Vehicles (SCV)
●
Digital Recharge Platform – An IoT-based
integrated platform enabling fleet management, battery health monitoring, data
analytics, and rider management
●
Battery Swapping & Leasing – Addressing
range anxiety through a battery-as-a-service (BaaS) model with fast charging
and 2-minute battery swap capabilities
●
Rental & Lease-to-Own Plans – Flexible EV
subscription and rental plans for gig workers, enabling financial inclusion and
vehicle ownership
●
Franchise & Hub-and-Spoke Network –
Pan-India hubs in Hyderabad, Bengaluru, and Chennai offering vehicle leasing,
roadside assistance, and servicing
Impact at a Glance
|
Carbon Footprint Offset |
Fuel Saved |
Kilometres Driven |
Trips Completed |
|
2.1 Mn Kg |
0.65 Mn Litres |
25+ Mn Kms |
11.2 Mn |
"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."
— Founder & CEO, ElectriQ
Use
of Funds & Growth Roadmap
The
proceeds from this fundraise will be deployed towards scaling ElectriQ's
multi-pillar growth strategy:
●
Scaling domestic operations with an active
order pipeline of 5,000 vehicles (domestic and overseas)
●
Expanding the Hub-and-Spoke network across key
metros and Tier-2 cities in India
●
Accelerating global expansion by replicating
the proven business model in international markets
●
Advancing battery technology under the
proposed 'ElectriQ A' vertical, covering NMC, LFP, and Solid State batteries
with CAN-enabled BMS and 15-minute fast-charge capability
●
Strengthening the integrated digital platform
for fleet management, real-time battery health monitoring, and skill
development for riders
●
Targeting INR 150 Crore in annual revenue over
the next 36 months
Founder Profile: 28
Years of Domain Experience
ElectriQ
is helmed by a founder with 28 years of deep domain expertise in mobility,
automotive, and technology. This extensive experience has been instrumental in
building a business that is not only commercially sustainable from Day 1 but
also socially impactful — providing financial inclusion, insurance, and skill
development for India's underserved gig-economy riders.
Social Impact &
Financial Inclusion at the Core
Beyond
commercial metrics, ElectriQ's model is engineered to uplift India's gig
workforce. Through flexible lease-to-own plans, social security benefits, job
guarantee frameworks, and a dedicated skill development programme, ElectriQ
bridges the gap between affordable clean-energy transportation and economic
empowerment. The company aims to directly impact over 50,000 riders while
eliminating millions of kilograms of carbon emissions over its 36-month
scale-up horizon.
About Only Electriq
Solutions Private Limited
ElectriQ
is an EV Mobility OEM and clean-tech company headquartered in Hyderabad, India.
Founded in 2021–22, the company offers an integrated ecosystem of electric
vehicles, digital fleet management, battery swapping and leasing, ride rentals,
roadside assistance, and skill development. With operations across Hyderabad,
Bengaluru, and Chennai, ElectriQ is on a mission to become the largest electric
mobility provider for last-mile and mid-mile delivery in India and global
markets. The company is DUNS Registered and has been profitable since
inception.
Media Contact
Anand
Thakur | Only ElectriQ
Email:
invest@electriq.co.in
Website:
www.electriq.co.in