# Cell Propulsion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cell-propulsion

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bangalore, India
- Website: www.cellpropulsion.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Sep 5, 2019)
- Investors on record: 3

## About

Cell Propulsion, based in India, is a company focused on innovative transportation solutions, particularly autonomous electric vehicles designed for efficient urban mobility and reducing traffic congestion.Founded in 2016 in Bangalore, India, Cell Propulsion specializes in the development of autonomous electric vehicles aimed at improving urban commute efficiency. The company, led by co-founders Nakul Kukar, Paras Kaushal, and Sridhar Ramasubban, has successfully completed 7 funding deals, with the latest round occurring on June 10, 2021, raising INR 50.020 mn from investors including Endiya, GrowX Ventures, and Micelio Mobility Private Limited. The current company valuation stands at INR 345.064 mn.Cell Propulsion's main offering consists of autonomous, all-electric pod transportation systems tailored for short-distance commutes in urban settings. These driverless pods operate on exclusive pathways, providing on-demand transportation while prioritizing energy efficiency and zero emissions. The service addresses urban challenges like congestion and last-mile connectivity, catering to municipalities, educational institutions, and businesses requiring effective transit solutions.In 2023, Cell Propulsion reported a revenue of INR 64,569.8 mn, with an EBITDA of -INR 594,219.5.Cell Propulsion intends to leverage its recent funding to further develop its integrated ecosystem aimed at advancing the adoption of electric commercial vehicles (eCVs). The company is focusing on expanding its product line with upcoming autonomous transit solutions while targeting new metropolitan markets for deployment. The funding raised in June 2021 will support the development of these ambitious initiatives, enhancing their competitiveness and operational scale.

## Funding rounds

- Seed, Sep 5, 2019, $0.8M — IIMA Ventures, Endiya, Sangam Ventures
- Seed, May 9, 2019, $0.1M — IIMA Ventures

## Investors

- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed
- Endiya (https://capitalatlas.ai/funds/endiya) — Seed
- Sangam Ventures (https://capitalatlas.ai/funds/sangam-ventures) — Seed