What Autovert Technologies does

Autovert Technologies Private Limited is a Bengaluru-based, full-stack green mobility platform founded in 2017 and operating as a subsidiary of Ecofy Finance Private Limited (acquired 2022), a green-only NBFC backed by Eversource Capital. The company structures EV leasing programs (Elektra) and second-life EV inspection, certification, and redeployment (Elektra Assured / Spectra) for B2B customers across India, covering 2-wheelers, 3-wheelers, and 4-wheelers used in last-mile delivery, ride-hailing, and logistics operations.

Its underlying technology combines a proprietary software stack — Galaxy LOS (loan origination), PLUG (applicant onboarding), DMS Loan Aggregation, Inventra (inventory and yard management), and Ecozaar (D2C marketplace) — with the Spectra inspection engine that supports data-backed vehicle condition assessments. Together, these systems support origination, evaluation, inventory tracking, and operational control across the EV lifecycle. The Assured Buyback program adds OEM-partnered residual-value guarantees for end customers.

Autovert generates revenue through subscription-based EV leasing and operating leases (recurring monthly payments), usage-based Battery-as-a-Service arrangements (₹5,250–₹8,700 per month via financing partners), managed services from second-life inspections and redeployment, and licensing of its enabling software. Go-to-market is B2B enterprise field sales targeting fleet operators, ride-hailing platforms, logistics providers, and OEMs, with partnerships extending reach to financing institutions (Bajaj Finance, Ecofy, Herofin, VidyutTech) and charging infrastructure providers (ChargeZone, Jio-bp). By 2025 the company reported 5,000+ EVs leased, 100+ B2B clients, and 1,000+ second-life EVs redeployed across multiple Indian cities.

Name

Autovert Technologies

Legal name

Autovert Technologies Private Limited

Website

https://autovert.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Autovert Technologies is a Bengaluru-based, Ecofy-subsidiary green mobility platform that provides B2B EV leasing (Elektra) and second-life EV inspection and redeployment (Elektra Assured), backed by proprietary software for loan origination, inventory, and onboarding, serving fleet operators, OEMs, and ride-hailing players across India.

Ownership category

akta.pro rank

Product category

Electric Vehicle Fleet Leasing Services

NAICS

Automotive Equipment Rental and Leasing (5321), Passenger Car Rental (532111)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

EV Fleet Leasing & Subscription (EVs, Charging Bundles, Battery-as-a-Service) (TLABAHAH)

akta.pro secondary industries

Micro-Mobility & Two-/Three-Wheeler Fleet Leasing/Subscription (E-bikes, E-scooters, E-motorcycles) (TLABAHAI), Fleet Remarketing & Vehicle Disposal (Auctions, Buyback, Resale) (TLABAHAN), EV Passenger Vehicle Leasing (Cars/SUVs) (TLABAAAH), EV & Hybrid Battery Service, Diagnostics & Reconditioning (TLAKAMAA)

Keywords

• EV fleet leasing
• Second-life EV management
• Battery-as-a-service financing
• Operating lease solutions
• Green mobility platform

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. EV Leasing: Revenue generated from flexible lease and subscription plans for 2-wheelers, 3-wheelers, and 4-wheelers. The leasing journey is managed end-to-end, with income derived from monthly lease payments over contract terms.
2. Battery-as-a-Service (BaaS): Partner financing model where customers pay per-kilometer rental charges for battery usage. Monthly battery costs range from ₹5,250 to ₹8,700 depending on provider and usage thresholds.
3. Second-life EV Services: Revenue from inspecting, certifying, and redeploying used EVs. Includes refurbishment services and value recovery from vehicles beyond first ownership.
4. Operating Lease: Operating lease model for fleet operators providing asset-light EV fleet growth solutions. Autovert maintains ownership while customers pay periodic lease fees.
5. Software/Technology Services: Revenue from proprietary software products including Galaxy LOS, PLUG, DMS Loan Aggregation, Inventra, and Ecozaar marketplace for financing and inventory management.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Autovert Technologies operates a full-stack green mobility platform delivering B2B EV leasing programs (Elektra) for 2W, 3W, and 4W vehicles across India, alongside a second-life EV business (Elektra Assured) that inspects, certifies, and redeploys used EVs to recover residual value. The offering is supported by an OEM-partnered Assured Buyback program, Battery-as-a-Service financing through partner NBFCs, and proprietary software products for loan origination, onboarding, inventory, and marketplace commerce.

Product overview

Autovert Technologies operates a platform-plus-modules architecture combining mobility businesses and enabling software. The core mobility products include Elektra (EV leasing business for 2W, 3W, and 4W vehicles) and Elektra Assured (second-life EV inspection and certification), supported by Spectra (inspection engine) and Assured Buyback (OEM-partnered value program). The software stack includes Galaxy LOS (loan origination system), PLUG (applicant onboarding), DMS Loan Aggregation (partner sourcing), Inventra (inventory management), and Ecozaar (D2C marketplace). Together, these products support EV leasing, second-life asset management, inspection, inventory, origination, onboarding, and aggregation across the EV lifecycle.

Differentiator

Problem solved

Functional benefit

Brands

• Elektra: EV leasing business that powers flexible lease and subscription plans across 2-wheelers, 3-wheelers, and 4-wheelers for last-mile green mobility.
• Elektra Assured
• Spectra
• Assured Buyback
• Ecozaar
• Galaxy LOS
• PLUG
• Inventra

Products and services

• Elektra Elektra is Autovert's EV leasing business that powers flexible lease and subscription programs for last-mile green mobility across 2-wheelers, 3-wheelers, and 4-wheelers. It manages the end-to-end leasing journey from onboarding, documentation, and approvals through disbursals for B2B fleet operators.
• Elektra Assured Elektra Assured is Autovert's second-life EV business that inspects and certifies used 2W, 3W, and 4W EVs for confident redeployment. The service includes physical checks, refurbishment, and value recovery support to drive faster decisions and higher residual value.
• Assured Buyback
• Galaxy LOS Galaxy LOS is Autovert's in-house loan origination system designed to support structured, scalable finance journeys for EV leasing. It is available for EV dealers, OEMs, and financing partners requiring digital origination infrastructure.
• PLUG PLUG is Autovert's applicant onboarding product that supports smoother acquisition and conversion flows for EV leasing customers. It is used to digitize and streamline customer onboarding journeys.
• Inventra
• Ecozaar Ecozaar is Autovert's D2C marketplace layer supporting digital discovery and commerce journeys for EV transactions. It enables direct-to-consumer EV sales workflows.
• Spectra

Quantifiable outcome

• 5,000+ EVs leased
• +3 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

13 partnerships are on record, tiered major, core and minor.

• ChargeZonemajorTechnology or IntegrationEV charging infrastructure partner for Toyota's service-led EV strategy, providing charging network access across 500+ BEV-enabled service touchpoints.
• Jio-bpmajorTechnology or IntegrationCharging infrastructure partnership providing EV charging network integration as part of Toyota's comprehensive EV ecosystem strategy in India.
• ShoffrmajorStrategic or Co-development PartnerPartnership adding BYD E-Max electric vehicles to Shoffr's fleet under operating lease model. Positions Autovert as partner for scalable, asset-light EV fleet growth.
• VIDAmajorStrategic or Co-development PartnerOEM partnership offering Assured Buyback on VIDA scooters powered by Autovert, providing customers confidence, predictability, and clearer ownership journey.
• Quick RidecoreStrategic or Co-development PartnerPartnership collaboration around shared mobility, greener cab-hailing, and scaling sustainable transportation through Autovert's EV fleet solutions.
• Bombay LogisticsmajorStrategic or Co-development PartnerLeasing partnership involving Tata Tigor electric vehicles for practical, business-focused fleet electrification and last-mile logistics.
• My Battery TechcoreStrategic or Co-development PartnerPartnership focused on extending lifecycle of electric two-wheelers through refurbishment, reuse, and stronger fleet economics. Part of second-life EV ecosystem.
• Re Moto MobilityminorStrategic or Co-development PartnerPartner in Autovert's redeployment ecosystem and second-life EV value chain, contributing to circular mobility initiatives.
• Green GadicoreStrategic or Co-development PartnerPartnership around refurbishing electric three-wheelers in Agra, helping extend productive life of EV assets across new markets as part of second-life operations.
• BattwheelzmajorStrategic or Co-development PartnerFleet partnership equipping company with high-quality electric two-wheelers for scalable last-mile mobility operations.
• e-SprintomajorChannel Partner/ Reseller/ DistributorEV OEM partner where Autovert supported deployment of 120 electric vehicles to Bike Bazaar, bridging OEMs and fleet operators with smooth rollout.
• MG Motor IndiacoreOEM/ Whitelabel/ Licensing PartnerPrimary OEM partner in Battery-as-a-Service program offering EVs (Windsor EV, Comet EV, ZS EV) with upfront prices from ₹4.99 lakh to ₹13.99 lakh without battery purchase.
• Toyota Kirloskar MotormajorOEM/ Whitelabel/ Licensing PartnerFinancing partner for Toyota's Urban Cruiser Ebella EV, providing BaaS option that reduces upfront purchase cost by approximately 40% as part of Toyota's service-led EV strategy.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Revfin: India EV financing NBFC focused on electric two- and three-wheelers; comparable as a digital lending and lease platform for fleet EV adoption.
• VidyutTech: India EV financing and battery-as-a-service platform; directly comparable to Autovert's BaaS distribution and existing financing partner relationship.
• SUN Mobility: Indian battery-as-a-service and EV energy infrastructure provider; directly comparable to Autovert's BaaS partnerships and EV asset lifecycle approach.
• Alt Mobility: India-focused B2B EV leasing platform for last-mile delivery and fleet operators, operating lease and subscription models structurally analogous to Autovert's Elektra business.
• Lithion Power: EV battery leasing, diagnostics, and second-life solutions provider; directly comparable to Autovert's Elektra Assured and Spectra inspection engine.
• OTO Capital: India EV two-wheeler financing and leasing platform; competes in the same 2W leasing segment Autovert targets with Elektra.

Regional players

• Yulu: India-based EV two-wheeler micro-mobility operator and battery swapping provider; comparable on 2W deployment scale and last-mile mobility category.

Emerging players

• Euler Motors: Indian EV three-wheeler OEM with embedded finance and fleet services; overlaps with Autovert's 3W leasing and last-mile mobility positioning.
• Mufin Green Finance: Indian NBFC focused on EV and clean-mobility lending; comparable as a green-finance lessor/financier for two- and three-wheeler EV adoption.

Broad incumbents

• Ecofy: Green-only NBFC and Autovert's parent company; comparable as the institutional financing engine underwriting Autovert's lease portfolio and BaaS offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/autovert-technologies-pvt-ltd
• Xx.com/autovert
• Facebookfacebook.com/autovertt

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Autovert Technologies