IIT Bombay Racing
- Company typePrivate
- Founded2007
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
IIT Bombay Racing firmographics
Firmographics- 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
IIT Bombay Racing industry classification
Industry- 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
Where IIT Bombay Racing is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
IIT Bombay Racing business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Title Sponsor - NRB Bearings |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
IIT Bombay Racing product offering
Product offeringCore 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
Companies that use IIT Bombay Racing
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
IIT Bombay Racing technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
IIT Bombay Racing partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and standard.
- NRB BearingscoreNRB 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.
- NVIDIAmajorNVIDIA 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.
- AnsysmajorAnsys 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 MarketstandardPCB Market provides printed circuit board solutions and electronics manufacturing support for the team's electrical systems, battery management systems, and control electronics.
- GodrejstandardGodrej provides materials and technical support for the team's manufacturing and prototyping needs, leveraging their expertise in industrial products and solutions.
- EshwaystandardEshway provides technical components and engineering support for the team's vehicle systems and powertrain development.
- IPGstandardIPG provides simulation and modeling software for the team's engineering analysis and design optimization processes.
- HarnessstandardHarness provides wire harness and cabling solutions for the team's electrical systems and vehicle integration.
- IIT Bombay (Parent Institution)coreIIT 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
IIT Bombay Racing competitors and assessment
Company assessmentDirect 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
IIT Bombay Racing social profiles
Digital presenceIIT Bombay Racing financial estimates
Financial estimateRevenue estimate
Valuation estimate
IIT Bombay Racing leadership team
Management profileNumber of profiles
Profiles3 records
IIT Bombay Racing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IIT Bombay Racing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IIT Bombay Racing
What does IIT Bombay Racing do?
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.
Is IIT Bombay Racing a public or private company?
IIT Bombay Racing is a private company. It is classified as state government owned and is currently operating.
When was IIT Bombay Racing founded?
IIT Bombay Racing was founded in 2007. It employs 101 to 250 people.
Where is IIT Bombay Racing based?
IIT Bombay Racing is headquartered in Mumbai, India, in the Asia region.
How does IIT Bombay Racing make money?
Two revenue lines are on record. Sponsorship Revenue is the primary driver. The others are donations and Contributions.
Who are IIT Bombay Racing's main competitors?
Direct peers on record are GreenTeam Stuttgart, MIT Motorsports, Team Raftar (IIT Madras Racing), AMZ (Akademische Motorsportgruppe Zürich), DUT Racing Team, Team Axles (IIT Kharagpur Motorsports), BITS Pilani Racing and TU Munich Motorsport. Others are Formula Student Germany (FSG) and Formula Bharat.
Does IIT Bombay Racing have an API?
No public API is recorded for IIT Bombay Racing.
What industry is IIT Bombay Racing in?
IIT Bombay Racing's product category is Formula Student Electric Race Cars. Its primary akta.pro industry code is MPAKAGAB, Motorsports Teams & Entrants (Factory & Independent), with a secondary code of MPAKAGAH, Motorsports Support & Feeder Series (Developmental Championships). Its NAICS code is 33635 and its SIC code is 7948.