IIT Bombay Racing

Name

IIT Bombay Racing

Legal name

IIT Bombay Racing

Website

https://iitbracing.org

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Formula Student Electric Race Cars

NAICS

Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Motor Vehicle Brake System Manufacturing (336340)

SIC

Services-Racing, Including Track Operation (7948), Sporting & Athletic Goods, Nec (3949)

akta.pro primary industry

Motorsports Teams & Entrants (Factory & Independent) (MPAKAGAB)

akta.pro secondary industries

Motorsports Support & Feeder Series (Developmental Championships) (MPAKAGAH), Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ)

Keywords

• Formula Student racing
• Electric vehicle engineering
• Autonomous racing systems
• Student motorsports team
• Battery management systems

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Sponsorship Revenue: Corporate sponsors provide funding, products, and technical services in exchange for brand visibility on race cars, website, events, and media content. Sponsors receive promotional benefits including logo placement, social media exposure, and direct engagement with engineering talent.
2. Donations and Contributions: Individual donations and contributions from supporters through official IIT Bombay payment gateway. Donations fund critical components, advanced systems, and complete subsystems like chassis, engine, or carbon fiber manufacturing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

IIT Bombay Racing designs and builds electric and driverless Formula Student race cars and competes with them at international Formula Student events. The team produces iterative generations of electric vehicles (Etherion, ORCA, EVO, PRITHVI series) and a parallel autonomous racing platform, providing hands-on engineering and motorsport exposure to IIT Bombay students.

Product overview

IIT Bombay Racing is India's premier Formula Student Electric team offering a portfolio of Formula Student Electric race cars, including the latest E14 model and the legacy Etherion, EVO Series (EVO 1 through EVO X), ORCA, and PRITHVI Series vehicles. The team pioneered electric vehicle technology in Indian motorsports, transitioning to EV in 2012, and developed India's first driverless platform for Formula Student competitions. The core offering consists of designing, building, and competing with formula-style electric race cars, supported by subsystems in electrical, mechanical, and driverless divisions.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Formula Student Race Cars (multi-generation EV platform — Etherion / ORCA / EVO / PRITHVI series)
• Driverless / Autonomous Racing Platform

Quantifiable outcome

• Overall Champions at Formula Bharat 2023-24
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Nine partnerships are on record, tiered core, major and standard.

• NRB BearingscoreStrategic or Co-development Partner · 1 January 2025NRB Bearings serves as the Title Sponsor of IIT Bombay Racing. As an ISO 9001 certified company with 40+ years of experience and more than 90% of vehicles on Indian roads using their parts, NRB provides critical bearing components and technical expertise for the racing team's powertrain and mechanical systems. The partnership offers NRB visibility with top engineering talent and association with India's premier electric racing team.
• NVIDIAmajorTechnology or Integration · 1 January 2025NVIDIA provides technology support and computational solutions for the team's simulation, autonomous driving development, and AI-powered racing systems. The partnership enables access to cutting-edge GPU technology for training machine learning models and running complex simulations.
• AnsysmajorTechnology or Integration · 1 January 2025Ansys provides simulation software for the team's engineering design and analysis work, including computational fluid dynamics (CFD), structural analysis, and multi-physics simulations for optimizing vehicle performance and aerodynamics.
• PCB MarketstandardTechnology or Integration · 1 January 2025PCB Market provides printed circuit board solutions and electronics manufacturing support for the team's electrical systems, battery management systems, and control electronics.
• GodrejstandardTechnology or Integration · 1 January 2025Godrej provides materials and technical support for the team's manufacturing and prototyping needs, leveraging their expertise in industrial products and solutions.
• EshwaystandardTechnology or Integration · 1 January 2025Eshway provides technical components and engineering support for the team's vehicle systems and powertrain development.
• IPGstandardTechnology or Integration · 1 January 2025IPG provides simulation and modeling software for the team's engineering analysis and design optimization processes.
• HarnessstandardTechnology or Integration · 1 January 2025Harness provides wire harness and cabling solutions for the team's electrical systems and vehicle integration.
• IIT Bombay (Parent Institution)coreStrategic or Co-development Partner · 1 January 2025IIT Bombay provides the institutional framework, laboratory facilities, faculty guidance, and access to resources that enable the racing team to operate. The team operates under the institute's guidance and uses campus facilities for research and development.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• GreenTeam Stuttgart: University of Stuttgart's Formula Student Electric team with multiple overall FS Electric world championship wins. Closely comparable on FS Electric competition footprint, R&D depth, and corporate sponsor profile (automotive Tier-1s and OEMs).
• MIT Motorsports: MIT's Formula SAE team in the United States, with EV and driverless efforts. Comparable as a leading global university FS team with industry partnerships, EV powertrain R&D, and autonomous development.
• Team Raftar (IIT Madras Racing): IIT Madras's Formula Student team, a direct Indian peer competing in the same Formula Bharat and international FS events. Comparable as a competing Indian elite-engineering-college racing team with similar GTM (sponsorships, competition-led exposure).
• AMZ (Akademische Motorsportgruppe Zürich): ETH Zurich's Formula Student Electric team and historically one of the most successful FS Electric teams globally. Directly comparable as a university-based FS Electric team competing internationally with a focus on powertrain, autonomous, and battery technology.
• DUT Racing Team: TU Delft's Formula Student team, strong in both combustion and electric classes with autonomous development. Comparable as a top-tier European university FS team competing globally and pushing EV + driverless technology.
• Team Axles (IIT Kharagpur Motorsports): IIT Kharagpur's official Formula Student team. Comparable as another Indian IIT FS team pursuing EV and driverless technology, competing in Formula Bharat and international events.
• BITS Pilani Racing: BITS Pilani's Formula Student team. Comparable as an Indian engineering college FS team competing in Formula Bharat with similar sponsorship-driven GTM and event-driven visibility.
• TU Munich Motorsport: Technical University of Munich's Formula Student team, regular top-finisher at Formula Student Germany. Comparable on engineering rigor, sponsor ecosystem, and competition pedigree across EV and driverless classes.

Others

• Formula Student Germany (FSG): The largest international Formula Student competition, hosted annually at Hockenheim. Comparable as the marquee international event ecosystem where IIT Bombay Racing competes and benchmarks against global peers.
• Formula Bharat: The Indian Formula Student competition organizer hosting the Formula Bharat events. Comparable as the primary national competition ecosystem in which IIT Bombay Racing competes and a key stakeholder in its GTM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@iitbombay_racing
• LinkedInlinkedin.com/company/iit-bombay-racing/?originalSubdomain=in
• Instagraminstagram.com/iitbombayracing
• Xx.com/iitb_racing
• Facebookfacebook.com/iitbracing

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 IIT Bombay Racing