Evage Ventures Private Limited
- Company typePrivate
- Founded-
- HeadquartersChandigarh, India
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What Evage Ventures Private Limited does
Evage Ventures Private Limited, doing business as Evage / EVAGE MOTORS, is an India-based private limited company that designs and manufactures electric vehicles for commercial fleet operators. The company is headquartered in Banur, Punjab, with operations Monday through Friday, 09:00–17:00, and serves customers in the domestic Indian market. Its sole disclosed product is the FR8, an electric freight vehicle positioned for commercial transportation and logistics applications, with emphasis on performance, safety, and sustainability achieved through what the company describes as advanced manufacturing processes.
The FR8 is marketed via a downloadable specification PDF and through a direct, consultative sales motion. Customers are invited to "customize your fleet" via a WhatsApp contact line, and pricing is quote-based rather than publicly disclosed, consistent with a build-to-order hardware model targeting enterprise fleet buyers rather than individual consumers. The company's target customer segments are fleet operators and commercial clients seeking reliable, efficient, and sustainable transportation vehicles, with a value proposition centered on cost-efficient EV hardware, customization, and manufacturing quality.
The business operates at an early commercial stage: there is no disclosed revenue, no headcount data, no funding rounds on record, no patents or certifications, no named customers or partnerships, and no public management team. Marketing channels are limited to WhatsApp direct messaging and an email newsletter offering a first-purchase discount. The geographic footprint is currently narrow — limited to Punjab, India — with no stated international or multi-state distribution footprint. Overall, the company presents as an early-stage, single-product, single-region EV hardware startup with a B2B fleet go-to-market posture.
Evage Ventures Private Limited firmographics
Firmographics- Name
- Evage Ventures Private Limited
- Legal name
- Evage Ventures Private Limited
- Website
- https://evage.in
- Company type
- Private
- Operating status
- Operating
- Ownership category
- akta.pro rank
Evage Ventures Private Limited industry classification
Industry- Product category
- Electric Commercial Vehicles
- NAICS
- Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Electrical Equipment Manufacturing (33531)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)
- akta.pro secondary industry
- EV Platform/Skateboard & Chassis Integration Manufacturing (IMACACAI)
Keywords
Where Evage Ventures Private Limited is headquartered
LocationHeadquarters
- HQ city
- Chandigarh
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Evage Ventures Private Limited business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure
Revenue model
- Electric Vehicle Sales: Evage generates revenue through the sale of electric commercial vehicles, specifically the FR8 model, to fleet operators and commercial clients. The company offers customization options for fleet clients, suggesting a build-to-order model for commercial vehicle procurement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Fleet Vehicle Purchase - Custom Quote |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Evage Ventures Private Limited product offering
Product offeringCore offering
Evage Ventures Private Limited designs and manufactures electric commercial vehicles (EVs) intended for commercial fleet operators. The company's flagship offering is the FR8, an electric freight vehicle designed for goods movement by fleet-based commercial clients.
Product overview
Evage is an electric vehicle manufacturer focused on commercial vehicles and fleet transportation solutions. The company offers the FR8 as its primary product - an advanced electric freight vehicle built for commercial clients and fleet operators. Their manufacturing processes combine performance, safety, and sustainability with advanced manufacturing ensuring top-quality automobiles for fleet operations.
Differentiator
Problem solved
Functional benefit
Brands
- FR8: Commercial vehicle designed for fleet operations, featuring advanced manufacturing processes for performance, safety, and sustainability.
Products and services
- FR8 Electric Freight Vehicle
Companies that use Evage Ventures Private Limited
Customer profileSegments2 records
Ideal customer profiles1 record
Evage Ventures Private Limited technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Evage Ventures Private Limited partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights3 records
Evage Ventures Private Limited competitors and assessment
Company assessmentDirect peers
- Euler Motors: India-based EV manufacturer focused on electric commercial 3-wheelers and small commercial vehicles for fleet and last-mile logistics. Closest comparable in geography, customer base (fleet operators), and product category to Evage's FR8.
- Omega Seiki Mobility: Indian electric cargo and passenger three-wheeler and small commercial vehicle manufacturer. Closely comparable in targeting Indian fleet and last-mile commercial EV customers.
- Altigreen Propulsion Labs: Indian electric commercial vehicle manufacturer building EVs for last-mile delivery and fleet applications. Directly comparable as a domestic, fleet-focused commercial EV OEM competing for the same customer segment as Evage.
Broad incumbents
- Mahindra Electric: Mahindra Group's EV arm producing electric commercial and passenger vehicles in India. A broad incumbent with manufacturing scale, dealer network, and brand recognition across commercial fleet buyers.
- Switch Mobility (Ashok Leyland): Subsidiary of Ashok Leyland producing electric buses and commercial vehicles. Comparable as a large, established Indian commercial EV player with deeper capital and distribution than Evage.
- Tata Motors (Commercial EVs): India's largest commercial vehicle OEM with an expanding electric commercial vehicle lineup (Ace EV, trucks). The dominant incumbent fleet supplier against whom Evage must compete for procurement contracts.
- Piaggio Vehicles (Ape Electric): Established Indian manufacturer of electric three-wheelers and small commercial vehicles under the Ape brand. Comparable as a legacy commercial EV player serving Indian fleet operators.
Others
- Zypp Electric: India-based EV-as-a-service fleet operator for last-mile delivery. While not an OEM, it is a potential customer/channel partner for Evage's commercial EVs and operates in the same Indian commercial EV ecosystem.
Emerging players
- Arrival: Electric commercial vehicle startup developing electric vans and buses for fleet operators. Comparable as a fleet-focused EV pure-play with similar build-to-order commercial model.
- Volta Trucks: European electric commercial vehicle startup focused on urban freight trucks. Comparable as an emerging commercial-EV pure-play with similar fleet-customer value proposition, though operating in a different geography.
Market position
Strengths3 records
Weaknesses3 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
Evage Ventures Private Limited social profiles
Digital presenceEvage Ventures Private Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evage Ventures Private Limited leadership team
Management profileNumber of profiles
Evage Ventures Private Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evage Ventures Private Limited 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 Evage Ventures Private Limited
What does Evage Ventures Private Limited do?
Evage Ventures Private Limited designs and manufactures electric commercial vehicles (EVs) intended for commercial fleet operators. The company's flagship offering is the FR8, an electric freight vehicle designed for goods movement by fleet-based commercial clients.
Is Evage Ventures Private Limited a public or private company?
Evage Ventures Private Limited is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Evage Ventures Private Limited founded?
Evage Ventures Private Limited was founded in -1.
Where is Evage Ventures Private Limited based?
Evage Ventures Private Limited is headquartered in Chandigarh, India, in the Asia region.
How does Evage Ventures Private Limited make money?
One revenue line is on record: electric Vehicle Sales.
Who are Evage Ventures Private Limited's main competitors?
Direct peers on record are Euler Motors, Omega Seiki Mobility and Altigreen Propulsion Labs. Broad incumbents are Mahindra Electric, Switch Mobility (Ashok Leyland), Tata Motors (Commercial EVs) and Piaggio Vehicles (Ape Electric). Zypp Electric is listed as an others. Emerging players are Arrival and Volta Trucks.
Does Evage Ventures Private Limited have an API?
No public API is recorded for Evage Ventures Private Limited.
What industry is Evage Ventures Private Limited in?
Evage Ventures Private Limited's product category is Electric Commercial Vehicles. Its primary akta.pro industry code is IMACABAK, Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells), with a secondary code of IMACACAI, EV Platform/Skateboard & Chassis Integration Manufacturing. Its NAICS code is 33632 and its SIC code is 3600.