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Startup Atlas · Electric Vehicles

Magenta Mobility

Magenta EV Solutions Private Limited Navi Mumbai, Maharashtra Founded 2017 magentamobility.com ↗
Maxson Lewis · Co-founder & Managing Director Darryl Dias · Co-founder
$88.5 MnTotal funding (tracked)
6Funding rounds
20 Mar 2025Last round

Magenta Mobility: Funding Rounds

010203040$MSeries A: $15M15May '21Series B: $40M40Feb '23Series A1: $22M22Apr '23Pre-Series B: $11.5M12Mar '25

Disclosed round amounts over time, USD millions.

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

Magenta Mobility: Investors

bp Ventures Morgan Stanley India Infrastructure Dr. Kiran C. Patel JITO Angel Network LetsVenture Hindustan Petroleum Corporation Limited (HPCL)

FAQs on Magenta Mobility

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.

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