3ev Industries’ ₹120 crore Series A round marks a decisive inflection point for the company as it accelerates its ambition to become a leading force in India’s urban EV ecosystem. The new capital strengthens its manufacturing expansion plans, fuels deeper supply-chain integration, and supports the launch of its next-gen 3C division, signalling a shift toward a scaled, ecosystem-driven EV model.
At a time when India’s last-mile mobility sector is undergoing rapid electrification, 3ev is positioning itself not just as a vehicle manufacturer but as a full-stack EV solutions provider.
Why This Funding Round Is a Strategic Breakthrough
3ev’s financial trajectory showcases clear momentum:
- Vehicle sales expected to nearly double from 438 units (FY24) to 834 in FY25
- Revenue projected to triple from ₹17.8 crore to ₹54.7 crore in the same period
These numbers reflect rising market demand for 3ev’s differentiated model: durable 3-wheel EVs, strong after-sales infrastructure, and a growing Battery-as-a-Service (BaaS) layer embedded into its 3eco platform.
This investment strengthens that end-to-end approach combining manufacturing quality, service reliability, and flexible financing to accelerate EV adoption across Tier 1 and Tier 2 markets.
Leadership Perspectives: A Reinforcement of 3ev’s Ecosystem Strategy
Peter V., MD, 3ev Industries:
“This funding marks a defining milestone for 3ev. It strengthens our build quality, after-market capability, and tailored financing solutions that make EV adoption seamless. Our mission has always been to transform last-mile connectivity with sustainable mobility through an ecosystem approach.”
Manas Das, VP, Mahanagar Gas Limited:
“3ev’s robust vehicle design, strong customer feedback, and BaaS-driven model position it to play a pivotal role in driving EV adoption across India’s urban markets.”
Manish Goel, Founder & MD, equentis Wealth:
“3ev is a catalyst in India’s electrification journey. Their operational depth through 3eco and traction in the 3W space make them uniquely positioned to capture the next wave of EV growth.”
The Bigger Picture: India’s Last-Mile EV Market Is Entering a High-Growth Cycle
Urban logistics, hyperlocal delivery, and fleet-driven mobility continue to push demand for:
- reliable commercial EVs,
- batteries with predictable economics,
- service-ready aftermarket networks,
- and financing that supports fleet-scale deployments.
3ev’s ecosystem spanning vehicles, battery services, financing, and technology is built to solve these exact challenges.
With new capital secured, the company is better positioned to:
- expand manufacturing footprint,
- scale its BaaS network,
- deepen supply-chain resilience,
- and accelerate deployment across high-demand urban clusters.
3ev Industries’ ₹120 crore Series A round is more than a capital infusion it’s a strategic endorsement of its ecosystem-first approach to electric mobility.
As India’s EV curve steepens, 3ev stands out as a company building not just vehicles, but the infrastructure, economics, and service layers needed to power the next decade of last-mile electrification.
