# Magenta Mobility

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magenta-mobility

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Mumbai, India
- Website: www.magentamobility.com
- Total disclosed funding: $22M
- Latest round: Series A (Apr 5, 2023)
- Investors on record: 4

## About

Magenta Mobility, based in India, provides innovative electric mobility solutions, focusing on sustainable logistics through a fully electric fleet and advanced fleet management technology.Magenta Mobility is engaged in integrated electric mobility solutions, emphasizing sustainable logistics operations with a 100% electric fleet. Founded in 2017 in Mumbai, India, by Clémence Quint, the company has closed 9 deals to date. The most recent funding round was in March 2025, when it raised INR 500 million from BP Ventures and Morgan Stanley Investment Management, bringing the total amount raised to INR 500 million.Magenta Mobility specializes in integrated electric mobility solutions, primarily focusing on sustainable logistics operations through a 100% electric fleet. Their core offerings include AI and IoT-enabled fleet management systems, which provide data analytics to optimize delivery and logistics operations. This technology enhances supply chain efficiency while addressing environmental concerns, facilitating a cleaner air initiative and significantly reducing greenhouse gas emissions. Magenta serves a diverse customer base that includes prominent partners such as StarQuik, Elior, and Amazon India, focusing on urban centers in India where electric vehicle adoption is increasing. By emphasizing sustainable last-mile delivery, the company aims to transform the logistics landscape across various geographical markets, specifically targeting metropolitan areas with high demand for eco-friendly transportation solutions.In 2022, Magenta Mobility recorded a revenue of INR 254,727.4, while its EBITDA for the same year was -INR 254,257.5, indicating significant expenses relative to its earnings.Magenta Mobility plans to utilize the INR 500 million raised in March 2025 to expand its fleet of electric vehicles, improve its charging infrastructure, and enhance its vehicle management platform for better operational efficiency. The company is targeting new geographic markets to broaden its reach, with specific plans to enhance its presence in metropolitan areas across India where demand for electric mobility solutions is growing.

## Funding rounds

- Series A, Apr 5, 2023, $22M — Morgan Stanley Investment Management, BP p.l.c.
- Seed, Apr 23, 2021 — LVX, JITO Incubation & Innovation Foundation

## Investors

- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- JITO Incubation & Innovation Foundation — Seed
- Morgan Stanley Investment Management — Series A
- BP p.l.c. — Series A