Magenta - About the company
Magenta is a series B company based in Navi Mumbai (India), founded in 2018 by Maxson Alexander Lewis and Darryl Dias. It operates as a Provider of electric vehicle fleets and charging infrastructure management services. Magenta has raised $47.3M in funding from investors like LetsVenture, Morgan Stanley and BP Ventures, with a current valuation of ₹*****. The company has 265 active competitors, including 81 funded and 16 that have exited. Its top competitors include companies like Battery Smart, Einride and Alt Mobility.
Company Details
Provider of electric vehicle fleets and charging infrastructure management services. Operations include the deployment of battery-powered transport vehicles for logistics and delivery requirements. Technical systems facilitate fleet monitoring through data analytics and software integration. Charging hardware is installed to support the transition to electric mobility for commercial transport activities.
- Website
- magentamobility.com
- Social
- Email ID
- *****@magentamobility.com
- Phone Number
- +91 **********
- Registered Address
- SHOP NO. 002,GROUND FLOOR, ALPHA GARDEN, PLOT NO 26, SECTOR 14, KOPARKHAIRNE, Thane, NAVI MUMBAI, Maharashtra, India, 400709
Key Metrics
Founded Year
2018
Location
Navi Mumbai, India
Stage
Series B
Total Funding
$47.3M in 9 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Mar 02, 2026
Investors
Ranked
3rd among 265 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
292 as on Jul 31, 2025
Investment & Acquisitions
Legal entities associated with Magenta
Magenta is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MAGENTA EV SOLUTIONS PRIVATE LIMITED CIN: U40107MH2018PTC305106 , India, Active | Feb 15, 2018 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 217 (As on Apr 01, 2026) | |
MAGENTA POWER PRIVATE LIMITED CIN: U40300MH2017PTC296161 , India, Active | Jun 14, 2017 | 0 - ₹10 Cr (As on Mar 31, 2025) | 7 (As on Sep 01, 2022) |
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Magenta's funding and investors
Magenta has raised a total funding of $47.3M over 9 rounds. Its first funding round was on 2018. Magenta has 22 institutional investors and 38 angel investors.
Here is the list of recent funding rounds of Magenta:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 20, 2025 | 9363776 | Conventional Debt | 7726623 | 2736738 | 4241628 | 3283646 |
Mar 20, 2025 | 9781082 | Series B | 7935168 | 9853213 | 9151051 | |
Feb 10, 2023 | 9443686 | Series A | 5561374 | 8136414 | 9010689 |
Access funding benchmarks and valuations. Sign up today!View details of Magenta's funding rounds and investors
Magenta's founders and board of directors
Founder? Claim ProfileThe founders of Magenta are Maxson Alexander Lewis and Darryl Dias. Sujit Cherian is the CEO of Magenta.
Here are the details of Magenta's key team members:
- Maxson Alexander Lewis: Co-Founder & Chairman of Magenta. They serve on the boards of 2 companies.Contact Info: 1 phone number
- Darryl Dias: Former Co-Founder of Magenta. They serve on the boards of 2 companies.Contact Info: 1 email address
Magenta's Board of Directors
Magenta's board has 5 active members. Maxson Alexander Lewis, Darryl Dias, Kiran Chhotubhai Patel, Shyam Sundar and Sophia Isabella marie Nadur are part of team.Here is the list of Magenta's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 0m | |
nepwcpy | Team | - | Past | 5y 1m |
Investor | - | Current | 4y 9m | |
Investor | - | Current | 3y 0m | |
brhjbrx | Investor | - | Past | 8y 7m |
View details of Magenta's Founder profiles and Board Members
Magenta's employee count trend
Magenta has 292 employees as of Jul 25. Here is Magenta's employee count trend over the years:
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Magenta's Competitors and alternates
Top competitors of Magenta include Battery Smart, Einride and Alt Mobility. Here is the list of Top 10 competitors of Magenta, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Battery Smart 2019, Delhi (India), Series B | Platform offering operator of battery-swapping network for electric vehicles and related services | $147M | 74/100 | |
2nd | Provider of electric and autonomous freight transportation solutions | $865M | 73/100 | ||
3rd | Provider of electric vehicle fleets and charging infrastructure management services | $47.3M | 70/100 | ||
4th |  Alt Mobility 2020, Delhi (India), Series A | Provider of electric vehicle leasing and lifecycle management solutions | $17.3M | 69/100 | |
5th |  Zenobe 2017, London (United Kingdom), Series E | Provider of fleet electrification infrastructure and grid scale battery storage | $1.42B | 69/100 | |
6th | Provider of electric vehicle leasing and fleet asset management services | $11.5M | 65/100 | ||
7th | Weave Grid 2018, San Francisco (United States), Series B | Developer of a platform for electric vehicle and grid integration | $78M | 65/100 | |
8th |  ETO Motors 2018, Hyderabad (India), Seed | Manufacturer of electric three-wheelers, electric autos, and EV charging solutions | $15.2M | 64/100 | |
9th | OpConnect 2012, Portland (United States), Series A | EV charging solutions | $16.2M | 61/100 | |
10th |  TeraWatt 2018, San Francisco (United States), Series A | Provider of electrified transport solutions | $1.1B | 61/100 |
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Magenta's Latest cap tables and shareholding
Founders own 17.13%, Funds (largest shareholder) own 46.70%, Enterprises own 16.97% and Angels own 3.16%. The net worth of Magenta's founders is INR 90.6Cr as of Mar 02, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 17.13% | 90.6Cr | 8442414 | 8864748 | 1906294 | 1296507 |
9641624 | 4856675 | 6119517 | 8218706 | 1924998 | 2437031 | |
Fund | 46.70% | 247Cr | 5611752 | 5746184 | 7666465 | 5138395 |
9944228 | 7168789 | 4574957 | 2913061 | 5778245 | 7377633 | |
1613359 | 9973348 | 2037624 | 3902702 | 5480375 | 5534605 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 16.97% | 89.7Cr | 6857093 | 5435611 | 5224447 | 6390555 |
Angel | 3.16% | 16.7Cr | 720 | 435 | 437 | 167 |
Other People | 9.00% | 47.6Cr | 5715610 | 1098687 | 7941656 | 2162782 |
ESOP Pool | 7.03% | 37.2Cr | 7439867 | 7204696 | 3214489 | 5236342 |
Total | 100.00% | 529Cr | 6550030 | 4238289 | 9308318 | 1191535 |
To unlock detailed Cap Table of Magenta Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Magenta's Shareholding
Magenta's Investments and acquisitions
Magenta has a total of 1 investment in Axiom. Magenta has not made any acquisitions as of now.Reports related to Magenta
Here is the latest report on Magenta's sector:
News related to Magenta
Filter this listMedia has covered Magenta for a total of 7 events in the last 1 year, 2 of them have been about partnerships and 2 about people movement.
•
Magenta Mobility plans $50M fundraise for EV fleet expansionhtsyndication.com•Nov 25, 2025•Magenta, Neocities, FarmArt Produce
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Magenta Mobility appoints Bhavesh Panchal as Chief Technology OfficerMedia Bulletins•Sep 01, 2025•Magenta
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AI Perplexity Becomes Central AI Assistant on New Magenta DevicesTrending Topics•Aug 14, 2025•Perplexity, Magenta
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Euler Motors & Magenta Mobility clock 2 Cr EV kms, cut 1,700+ tons of CO₂ emissionsMedia Bulletins•Aug 13, 2025•Magenta, Euler Motors
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Magenta Mobility Expands Team, Appoints New Finance Headelectronicsforyou.biz•Jul 29, 2025•Magenta, DP World
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Magenta Mobility & MOVER Partner to Deploy EVs in Four Indian Citieselectronicsforyou.biz•Jun 30, 2025•Mover, Magenta
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Magenta Mobility Teams Up With Bosch For Digital Infrastructureelectronicsforyou.biz•Jun 05, 2025•Bosch, Magenta
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Magenta Mobility Enrolls Delivery Executives in India's e-Shram ProgramBusiness News This Week•May 09, 2025•Magenta
•
Montra Electric & Magenta Mobility Partner to Expand EV Use in Logisticselectronicsforyou.biz•Apr 23, 2025•Montra Electric, Magenta
•
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