Odysse Electric Vehicles

What Odysse Electric Vehicles does

Odysse Electric Vehicles Private Limited is an India-based manufacturer of electric two-wheelers, founded in 2017 and headquartered in Mumbai. The company designs, sources, and sells a portfolio that spans entry-level commuter scooters, high-speed scooters, and electric motorcycles, targeting both personal daily commuters and commercial / last-mile delivery operators across more than 150 cities and 17 Indian states.

Its core technology is electric two-wheeler hardware, augmented by a partner-led Battery-as-a-Service (BaaS) layer built around battery-swapping with Indofast Energy rather than owned charging infrastructure. The product surface is price-segmented (commuter to premium motorcycle) and the BaaS offering is designed to lower upfront purchase cost and mitigate range anxiety — key purchase barriers in the Indian e-2W market.

The business model combines direct-to-consumer hardware sales with channel-partner expansion through an Indian dealership network and financing partnership with Shriram Green Finance to make scooters affordable for credit-thin buyers. Revenue mechanics are primarily hardware unit sales, with BaaS providing a nascent usage-based / recurring layer. Unit volumes reached 5,255 vehicles in FY25 and hit a record 1,350 units in March 2026, with monthly YoY growth of 137–333% through Q1 FY26. The company is small (11–50 employees), founder-led (CEO Nemin Vora, Co-Founder Sudhir Goel appointed Feb 2026), and bootstrapped — no external funding, M&A, or ownership changes are disclosed.

Name

Odysse Electric Vehicles

Legal name

Odysse Electric Vehicles

Website

https://odysse.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Odysse Electric Vehicles is a Mumbai-based manufacturer of electric scooters and motorcycles for Indian individual commuters, commercial delivery riders, and small businesses. It sells across 150+ cities and partners with Indofast Energy on battery-swapping and Shriram Green Finance on credit affordability.

Ownership category

akta.pro rank

Product category

Electric Two-Wheelers

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

E-scooters & E-mopeds Manufacturing (IMACAOAB)

akta.pro secondary industries

E-Mopeds & Light Electric Motorbikes (Consumer) (CRACASAG), Electric Motorcycles & Electric Scooters Manufacturing (IMACAEAB)

Keywords

• Electric two-wheelers
• Electric scooters
• Electric motorcycles
• Battery-swapping service
• Urban electric mobility

Headquarters

HQ city

Ghatkopar

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electric Vehicle Sales: Revenue generated from the sale of electric two-wheelers including scooters and motorcycles to personal and commercial customers across India
2. Battery-as-a-Service: Battery-swapping technology service model enabling consumers to swap batteries rather than purchase them outright, reducing upfront costs and providing recurring revenue opportunity

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Odysse Electric Vehicles manufactures and sells electric two-wheelers — including commuter scooters, high-speed scooters, and electric motorcycles — through a direct dealership network across 150+ cities in India. The company complements hardware sales with a Battery-as-a-Service (BaaS) model delivered through a partnership with Indofast Energy, which enables battery-swapping to reduce upfront costs and address range anxiety for consumers.

Product overview

Odysse Electric Vehicles offers a portfolio of electric two-wheelers including high-speed scooters, commuter models, and premium motorcycles targeting both personal and commercial markets. The company sells across over 150 cities in 17 Indian states. A key differentiator is its Battery-as-a-Service (BaaS) model via partnership with Indofast Energy, enabling battery-swapping to reduce upfront costs and address range anxiety. The product line spans entry-level commuter EVs to higher-end electric motorcycles, with financing support through partnerships like Shriram Green Finance.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Two-Wheelers (Scooters and Motorcycles) A portfolio of electric two-wheelers — including entry-level commuter scooters, high-speed scooters, and premium electric motorcycles — sold across 150+ cities and 17 Indian states for personal mobility and commercial use.
• Battery-as-a-Service (BaaS) Battery-swapping service enabled through partnership with Indofast Energy, allowing Odysse electric two-wheeler users to exchange depleted batteries for charged ones to reduce upfront ownership costs and address range anxiety.

Quantifiable outcome

• 333% year-on-year sales growth in April 2026 with 965 units sold
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Indofast EnergycoreTechnology or Integration · 1 March 2026Strategic partnership for battery-swapping technology integration. Odysse Electric has partnered with Indofast Energy to introduce Battery-as-a-Service (BaaS) model aimed at reducing upfront costs and addressing range anxiety for EV consumers. This technology enables quick battery swaps instead of charging, improving convenience for users.
• Shriram Green Finance LimitedcoreGTM or Marketing Partner · 25 November 2025MoU partnership to provide affordable financing options for Odysse electric scooters. The partnership leverages Shriram Green Finance's national network to offer flexible financing solutions designed to reduce the upfront cost of EV ownership. Targeted at daily commuters, small business owners, delivery personnel, and families across India.
• ScribbldminorGTM or Marketing Partner · 5 November 2025Mumbai-based independent creative and digital agency secured the digital and performance marketing mandate for Odysse Electric Vehicles. The agency handles end-to-end social media management, performance marketing, and develops new digital campaigns targeting India's younger, EV-curious audience.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Ather Energy: Bengaluru-based electric two-wheeler manufacturer selling premium electric scooters across India. Closest direct peer to Odysse — same product category (electric scooters/motorcycles), same geography, same buyer (urban Indian commuters), but operating at significantly larger scale and with disclosed institutional funding.
• Ola Electric: India's largest electric two-wheeler manufacturer by volume, operating its own direct retail and BaaS network. Overlaps with Odysse on scooter model, BaaS go-to-market via Ola Electric's own swap stations, and D2C dealership strategy in Indian metros and Tier-1 cities.
• Hero Electric: One of the oldest Indian electric two-wheeler players (spin-off heritage of Hero MotoCorp), selling low- and mid-speed electric scooters nationwide. Direct competitor to Odysse in the mass-market commuter EV segment with a similar product portfolio and dealer-led distribution.
• Okinawa Autotech: Indian electric two-wheeler manufacturer with a low- and mid-speed scooter lineup distributed through a dealer network of similar scale to Odysse's. Most size-comparable direct peer — useful for benchmarking capital efficiency and dealer economics in Indian EV2W.
• Ampere Electric (Greaves Cotton): Electric scooter brand owned by listed Indian conglomerate Greaves Cotton, focusing on affordable commuter EVs. Directly comparable to Odysse on product, segment, and price point; benefits from parent distribution and aftermarket reach.
• Revolt Motors: Indian electric motorcycle startup focused on higher-priced e-motorcycles with battery-swap-adjacent business model. Most comparable to Odysse's premium motorcycle SKUs on category and on subscription/battery-as-service commercial logic.
• Bounce Infinity: Bengaluru-based electric scooter manufacturer that pioneered battery-swap-led commercial fleet offerings in India. Direct peer on BaaS go-to-market logic — comparable to Odysse's Indofast partnership but executed as an integrated captive stack rather than partnership.

Broad incumbents

• Bajaj Chetak (Bajaj Auto): Electric scooter offering from incumbent two-wheeler major Bajaj Auto. Competes with Odysse on urban premium scooter positioning while leveraging Bajaj's pan-India service network, manufacturing scale, and brand — a benchmark for the established-OEM threat to Odysse.
• TVS iQube (TVS Motor Company): Electric scooter from TVS Motor, another legacy Indian two-wheeler major. Overlaps with Odysse in the connected urban commuter scooter segment; included as a benchmark legacy-OEM peer with vastly larger manufacturing and dealer resources.

Emerging players

• Simple Energy: Bengaluru-based EV2W startup with a high-speed electric scooter targeting Indian urban buyers. Emerging peer with partial product overlap to Odysse's premium commuter scooters and motorcycles, still in early commercial scale-up.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Odysse Electric Vehicles