Startup Atlas · Electric Vehicles
Magenta Mobility
Maxson Lewis · Co-founder & Managing Director
Darryl Dias · Co-founder
$88.5 MnTotal funding (tracked)
6Funding rounds
20 Mar 2025Last round
Magenta Mobility: Financial Breakdown
Figures below are FY2024, consolidated basis, compiled from filings and disclosures — every year cited to its source.
₹35.51 Cr (revenue from operations); total revenue incl. other income of ₹7.55 Cr = ₹43.07 CrTotal revenue · +199.9% YoY
₹40.79 CrTotal expenses
EBITDA loss of ₹30.5 CrEBITDA
consolidated loss after tax of ₹47.91 Cr, widened 15% YoYNet loss · loss widened 14.9% YoY
Revenue by fiscal year
Net profit / loss by fiscal year
Bars below the line are a net loss for that year.
| Fiscal year | Revenue | Total expenses | EBITDA | Net profit / loss | Source |
|---|---|---|---|---|---|
| FY2024 | ₹35.51 Cr (revenue from operations); total revenue incl. other income of ₹7.55 Cr = ₹43.07 Cr | ₹40.79 Cr | EBITDA loss of ₹30.5 Cr | consolidated loss after tax of ₹47.91 Cr, widened 15% YoY | source |
| FY2023 | ₹11.84 Cr (revenue from operations); total revenue incl. other income ₹18.74 Cr | — | EBITDA loss of ₹35.9 Cr | consolidated loss after tax of ₹41.68 Cr | source |
Nothing here is blurred or gated — every figure Atlas has is shown in full, free.
Sources & corrections.
Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: inc42.com · Last verified 26 Aug 2026. · Report a correction