Magenta Mobility: Funding, Investors & Team (Sep 2026)
platform for technology, electric mobility, and EV charging With its cutting-edge technology-enabled cars, Magenta hopes to disrupt and consolidate the urban freight & transportation industry for both employee transportation and last-mile deliveries across the nation. Plans are underway to expand these integrated services across the nation in the long run, with a fleet of more than 200 3-wheeler and 4-wheeler vehicles already operating on Bengaluru's streets.
Magenta Mobility has raised $25.8M across 2 funding rounds on record, the most recent a Series B of $5.8M announced in Mar 2025.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Magenta Mobility Company Profile and Key Stats
Latest funding round on record: Mar 2025.
Magenta Mobility Funding Rounds
Magenta Mobility raised $20.0M in a Series B announced in Feb 2023.
2.1 years later, a Series B of $5.8M was announced in Mar 2025.
Magenta Mobility Founders and Leadership Team
Contact details for the Magenta Mobility team: 1 of 1 has an email address on file.
Start 14-day free trial →Magenta Mobility Funding Compared to Other Energy Startups
Magenta Mobility's latest round of $5.8M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Magenta Mobility in Energy and Mumbai
Companies Similar to Magenta Mobility
Matter endeavors to change the electric biological system and modify electric versatility by creating…
Agastya Energy Industries drives India's renewable energy transition through high-performance, cost-effective…
Inox Clean Energy is the renewable energy arm of the INOXGFL Group, a diversified Indian conglomerate in…
Hygenco develops and deploys scaled-up commercially attractive Green Hydrogen and Green Ammonia production…
VoltSeal provides smart battery energy storage systems (BESS) designed for commercial and industrial…
Metafin operates a non banking financial enterprise that provides cleantech focused financing services to…
OMC Power is a renewable energy company that focuses on distributed solar power solutions and mini-grid…
Newtrace develops novel electrolyzers for affordable green hydrogen production at scale.
Hycosys is a Bengaluru-based deep-tech cleantech startup specializing in hydrogen-fueled micro gas turbines…
Turno is a fintech startup that offers electric vehicle solutions for operators and owners, assisting…
e-TRNL Energy develops and supplies battery cell technologies aimed at improving energy storage performance…
CleanMax is now the largest developer of onsite and off-site solar solutions for corporate customers in…
Magenta Mobility Funding FAQs
What does Magenta Mobility do?
platform for technology, electric mobility, and EV charging With its cutting-edge technology-enabled cars, Magenta hopes to disrupt and consolidate the urban freight & transportation industry for both employee transportation and last-mile deliveries across the nation. Plans are underway to expand these integrated services across the nation in the long run, with a fleet of more than 200 3-wheeler and 4-wheeler vehicles already operating on Bengaluru's streets.
How much funding has Magenta Mobility raised?
Magenta Mobility has raised $25.8M across 2 rounds on record. The most recent is a Series B of $5.8M announced in Mar 2025.
When did Magenta Mobility last raise funding?
Magenta Mobility's most recent funding round on record is a Series B of $5.8M, announced in Mar 2025.
Who founded Magenta Mobility?
FundedIQ lists Maxson Lewis (Founder) at Magenta Mobility.
Where is Magenta Mobility headquartered?
Magenta Mobility is based in Mumbai, Maharashtra, India.
How many employees does Magenta Mobility have?
Magenta Mobility is in the 101-250 employee band.
How does Magenta Mobility's funding compare to other Energy startups?
Magenta Mobility's latest round of $5.8M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Magenta Mobility Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Magenta Mobility is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.