Magenta Mobility
Magenta Mobility (legal entity Magenta EV Solutions Private Limited, earlier operating the EV-charging brand ChargeGrid) is a Navi Mumbai-based electric-vehicle fleet operator for last-mile and mid-mile delivery logistics, founded by Maxson Lewis and Darryl Dias. It started as an EV charging solutions provider before shifting focus to providing vehicle fleets for mid- and last-mile delivery to e-commerce companies. Clients include…
Magenta Mobility: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 20 Mar 2025 | Pre-Series B | INR 100 Cr (~$11.5 Mn) | bp Ventures Morgan Stanley India Infrastructure | source |
| 5 Apr 2023 | Series A1 | $22 Mn | bp Ventures Morgan Stanley India Infrastructure | source |
| Feb 2023 ~ | Series B | $40 Mn (equity + debt) | source | |
| 21 May 2021 | Series A | INR 120 Cr ($15 Mn) | Dr. Kiran C. Patel | source |
| 21 Apr 2021 | Pre-Series A | Undisclosed | JITO Angel Network LetsVenture | source |
| 2018 ~ | Seed | Undisclosed | Hindustan Petroleum Corporation Limited (HPCL) | source |
Recent Signals
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25 Nov 2025 · funding
Magenta Mobility initiates $35–50 Mn (~₹400 Cr) funding round, advised by Kotak Mahindra Capital source
News on Magenta Mobility
No coverage of Magenta Mobility linked yet.
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Start Free ValidationFAQs on Magenta Mobility
Who founded Magenta Mobility?
Magenta Mobility was founded by Maxson Lewis, Darryl Dias in 2017.
How much funding has Magenta Mobility raised?
Magenta Mobility has raised $88.5 Mn across 6 tracked funding round(s), most recently on 2025-03-20. Figures are compiled from cited public sources.
Who are the investors in Magenta Mobility?
Investors in Magenta Mobility include bp Ventures, Morgan Stanley India Infrastructure.
What does Magenta Mobility do?
Magenta Mobility (legal entity Magenta EV Solutions Private Limited, earlier operating the EV-charging brand ChargeGrid) is a Navi Mumbai-based electric-vehicle fleet operator for last-mile and mid-mile delivery logistics, founded by Maxson Lewis and Darryl Dias. It started as an EV charging solutions provider before shifting…
Where is Magenta Mobility headquartered?
Magenta Mobility is headquartered in Navi Mumbai, Maharashtra, India.
What is Magenta Mobility's business model?
Magenta Mobility's core value proposition centers on 100% electric delivery fleet, Decarbonizing logistics.
How does Magenta Mobility make money?
Magenta Mobility's cited revenue streams include Fleet-as-a-service for e-commerce logistics, Magenta Infomatics SaaS revenue.