Supertech EV

What Supertech EV does

Supertech EV Limited is an Indian electric vehicle manufacturer founded in 2010 and headquartered in Bahadurgarh, Haryana. The company designs, manufactures, and sells ICAT-certified electric two-wheelers and three-wheelers across four product lines: Tiger (low-speed, license-free 25 km/h scooters), Zapster (high-speed scooters including V Pro, S Pro, and U Pro variants with up to 120 km per charge), Pilot (e-rickshaws and loaders), and Maxx (L5-category electric autos for commercial passenger and logistics use). Its core technology stack centers on in-house EV drivetrain engineering using high-efficiency Brushless DC (BLDC) motors with dual battery architecture — lithium-ion and lead-acid variants — and intelligent auto cut-off fast charging, with all vehicles manufactured at the company's HSIIDC industrial area facility in Haryana.

The company's business model is hardware-led vehicle sales distributed primarily through a pan-India network of 500+ authorized dealers and service centers across 18+ states, supplemented by direct online touchpoints for test-ride booking, dealer locator, and customer service. Revenue is generated through one-time sales of two-wheelers and three-wheelers plus recurring after-sales service and genuine spare parts revenue across the service network. For FY24-25, Supertech EV reported revenue of Rs. 75.19 crore (17.23% YoY growth) and net profit of Rs. 6.19 crore (23.3% YoY growth), achieving BSE SME public listing in August 2025 following a Rs. 29.90 crore IPO in June 2025. Customer segments span students, first-time riders, gig workers, urban professionals, independent e-rickshaw drivers, fleet operators, and micro-entrepreneurs.

Name

Supertech EV

Legal name

Supertech EV Limited

Website

https://supertechev.in

Company type

Public

Founded year

2010

Operating status

Ipo

Headcount range

101–250 employees

Short description

Supertech EV Limited is an Indian electric vehicle manufacturer (founded 2010, BSE SME listed 2025) that designs, produces, and sells ICAT-certified electric two-wheelers (Tiger, Zapster) and three-wheelers (Pilot, Maxx) through a pan-India network of 500+ dealers serving students, gig workers, commuters, and commercial fleet operators.

Ownership category

akta.pro rank

Product category

Electric Vehicles

NAICS

Motorcycle, ATV, and All Other Motor Vehicle Dealers (441227), Motorcycle, Bicycle, and Parts Manufacturing (336991), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Motorcycles, Bicycles & Parts (3751), Motor Vehicle Parts & Accessories (3714), Wholesale-Motor Vehicle Supplies & New Parts (5013)

akta.pro primary industry

Powersports Electrical & Electronics Manufacturing (ECUs/BMS/Sensors/Wiring/Lighting) (IMACAEAL)

Keywords

• Electric two-wheelers
• Electric three-wheelers
• EV drivetrain manufacturing
• E-rickshaw vehicles
• Lithium-ion battery vehicles

Headquarters

HQ city

Bahadurgarh

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electric Two-Wheeler Sales: One-time sales of in-house branded electric two-wheelers (Tiger, Zapster, and Zapster Pro variants including V Pro, S Pro, U Pro) via dealer network and direct channels.
2. Electric Three-Wheeler Sales: Sales of electric three-wheelers including Pilot (e-rickshaw and loaders) and Maxx (L5-category electric auto) for passenger and commercial logistics use.
3. After-Sales Service & Spare Parts: Warranty service, paid maintenance, and genuine spare parts supplied through 500+ service centers across India.
4. Public Capital Raise (SME IPO): Fresh issue of 32.49 lakh equity shares at Rs. 87–92 per share on BSE SME platform to raise up to Rs. 29.90 crore, opening June 25, 2025 and closing June 27, 2025.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels5 records

Core offering

Supertech EV Limited designs, manufactures, and sells ICAT-certified electric two-wheelers (Tiger low-speed and Zapster high-speed scooters) and electric three-wheelers (Pilot e-rickshaw/loaders and Maxx L5-category electric auto). The vehicles are built in-house in Haryana using high-efficiency BLDC motors with both lithium-ion and lead-acid battery variants, and are distributed through a pan-India network of 500+ authorized dealers and service centers across 18+ states. After-sales service, warranty support, and genuine spare parts are supplied through the same dealer network.

Product overview

Supertech EV is a single-brand electric vehicle manufacturer offering a portfolio of ICAT-certified products organized across two vehicle categories: electric two-wheelers (Tiger low-speed scooter and Zapster high-speed scooter with V Pro, S Pro, and U Pro variants) and electric three-wheelers (Pilot e-rickshaw and Maxx L5 auto). The lineup serves both personal mobility and last-mile commercial passenger transport segments within India's EV market.

Differentiator

Problem solved

Functional benefit

Brands

• Tiger: Supertech EV's entry-level electric scooter range with a license-free speed of 25 km/h, designed for students, first-time EV riders, and gig workers; lightweight, energy-efficient, and easy to maintain.
• Zapster
• Pilot
• Maxx

Products and services

• Tiger License-free low-speed electric scooter with a 25 km/h top speed, lightweight design, and easy maintenance. Targeted at students, first-time EV riders, and gig workers needing affordable, low-cost daily mobility for short city distances.
• Zapster High-speed electric scooter range with variants including V Pro, S Pro, and the newly introduced U Pro. Powered by top-tier BLDC motors with lithium-ion battery packs, offering up to 120 km range per charge and sporty aesthetics for urban professionals and style-focused riders.
• Pilot Electric rickshaw and loader for last-mile passenger transport and cargo carrying in urban, semi-urban, and rural markets. Built on a rugged chassis with high-torque motors, durable suspension, and long-range lithium battery options for high-payload operations.
• Maxx L5-category premium electric auto engineered for commercial passenger transport and logistics applications. Equipped with powerful motors, strong suspension, and a long-range lithium battery designed for high payload capacity and dependable commercial use.

Quantifiable outcome

• 17.23% year-over-year revenue growth to Rs. 75.19 crore in FY24-25.
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Insperme (insperme.com)OthersInsperme is credited on the company website footer as the developer and manager of the Supertech EV website. This is a vendor relationship for digital presence rather than a commercial or product partnership.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ather Energy: Indian premium electric two-wheeler manufacturer with high-speed scooters targeted at urban commuters. Competes with Supertech's high-speed Zapster range on technology, design, and urban retail experience.
• Hero Electric: Long-established Indian electric two-wheeler OEM with both low-speed and high-speed models distributed through a large dealer network. Closely comparable to Supertech EV's Tiger/Zapster positioning and dealer-led GTM.
• Kinetic Green: Indian manufacturer of electric two- and three-wheelers including e-rickshaws and cargo vehicles. Directly comparable to Supertech EV's Pilot e-rickshaw and Maxx L5 commercial auto lines.
• Ola Electric: India's largest electric two-wheeler manufacturer offering a broad range of electric scooters targeting personal and gig-economy riders. Directly competes with Supertech EV's Tiger and Zapster lines on price, range, and dealer reach, though at significantly larger scale.
• Ampere Vehicles (by Greaves Cotton): Indian electric two- and three-wheeler manufacturer owned by Greaves Cotton, focused on affordable personal and last-mile mobility. Direct overlap with Supertech's entry-level and commercial product lines.

Broad incumbents

• TVS Motor Company: Large Indian two-wheeler OEM with the iQube electric scooter line. Broader incumbents with overlapping electric 2W product category but broader ICE portfolio and far larger scale than Supertech EV.
• Greaves Cotton Limited: Parent of Ampere Vehicles and a broader engineering/powertrain group. A broad incumbent in Indian last-mile and EV mobility with overlapping electric 2W/3W products as part of a wider portfolio.
• Mahindra Electric (Mahindra Last Mile Mobility): Division of Mahindra Group producing electric three-wheelers and small commercial EVs including the Treo and Zor. A larger, established incumbent competing with Supertech's Pilot and Maxx 3W lines with broader portfolio and dealer reach.
• Bajaj Auto: Major Indian 2W and 3W OEM expanding into electric three-wheelers. Comparable in 3W commercial segment with Supertech's Pilot/Maxx but operates at materially larger scale with global distribution.

Emerging players

• Electric One (E-One / E1): Emerging Indian EV distribution and brand platform assembling and distributing electric two-wheelers across a pan-India dealer/service network. Comparable distribution-led GTM and broad low/mid-tier electric 2W coverage similar to Supertech's dealer model.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/supertechev3wheelers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Supertech EV