Ampere Funding, Investors & Competitors

Ampere has raised $1M across 1 funding round, most recently a $1M seed round in December 2015.

Last Ampere funding round

$1M

Seed · Dec 2015

Cumulative funding Ampere raised

$1M

across 1 funding round

Key investors in Ampere

Ampere Overview

About Ampere

Ampere is a Coimbatore-headquartered Indian producer of electric scooters and bicycles targeting rural and semi-urban areas. The company manufactures vehicles with in-house motors, controllers, and lithium-ion batteries offering up to 85 km range per charge. Models include the Zeal scooter and Envy e-bike, sold through a network of dealers in 20 Indian states. A Greaves Cotton subsidiary, Ampere plans exports to Africa and Southeast Asia.


Founded

2011

HQ

IndiaCoimbatore

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Ampere Funding History

Ampere has raised a total of $1M across 1 funding round, plus 1 secondary share sale.

Ampere funding rounds

Ampere funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2023SecondaryMitsubishi Motors (lead)$212MAmpere is Renault Group's electric vehicle and software company. Mitsubishi Motors announced on October 24, 2023, its investment of up to 200 million euros in Ampere to advance its electrification strategy and expand EV lineup through Alliance cooperation. Ampere planned to supply EVs to Mitsubishi on an OEM basis for the European market. The investment aligned with Mitsubishi's mid-term management plan for EV development. Nissan had previously committed to a 600 million euro investment in Ampere. Ampere was set to become a separate operating entity and pursue an IPO in 2024. Mitsubishi later terminated the investment agreement in 2025 but continued collaboration on EV development and production with Ampere, including the Eclipse Cross SUV based on Ampere's AmpR Medium platform.
Dec 2015SeedNuVentures; Kris Gopalakrishnan$1M-

Who has invested in Ampere?

3 investors have backed Ampere across its funding rounds, including NuVentures, Kris Gopalakrishnan and Mitsubishi Motors.

Lead investors include Mitsubishi Motors.


Ampere Investors

Investors in Ampere by funding rounds participated
InvestorHQRoundsRoleFirst check
Mitsubishi MotorsJapanTokyo1LeadOct 2023

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Ampere Competitors

Ampere competitors include listed companies like Tesla, Tata Motors, Tata Motors Passenger Vehicles and XPENG, and private ones like GAC Aion and Tata Passenger Electric Mobility.

Public and private companies comparable to Ampere
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TeslaUnited StatesUnited StatesPublicly listed$95B$10B$1.4T13.8x
Tata MotorsIndiaIndiaPublicly listed$8.7B$720M$17B1.8x
GAC AionChinaGuangzhouPrivate$2.5B-$15B6.0x
Tata Motors Passenger VehiclesIndiaIndiaPublicly listed$35B$2B$12B0.4x
XPENGChinaChinaPublicly listed$11B$156M$10B1.0x
Tata Passenger Electric MobilityIndiaMumbaiPrivate--$9.1B-

Ampere Public Comps

Ampere is still privately-owned, but its public comps include Tesla, Toyota, CATL, BYD, General Motors, Ferrari, Volvo, LG Energy Solution, PACCAR and Hyundai.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Toyota$326B$49B1.3x1.3x8.8x11.4x
CATL$63B$16B2.8x2.1x11.0x9.2x
BYD$120B$18B0.9x0.9x6.3x5.8x
General Motors$185B$15B1.0x1.0x12.1x8.5x
Ferrari$8.2B$3.2B9.0x8.5x23.4x21.9x
Volvo$49B$7.1B1.9x1.7x12.8x11.4x
LG Energy Solution$17B$3.4B4.8x3.9x24.1x22.2x

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Common questions about Ampere

When was Ampere founded?Ampere was founded in 2011.
Where is Ampere headquartered?Ampere is headquartered in Coimbatore, India.
Is Ampere publicly listed?No, Ampere is a private, VC-backed company.
How much funding has Ampere raised?Ampere has raised $1M across 1 funding round.
What was Ampere's last funding round?Ampere's last funding round was a $1M seed round in December 2015.
Who are Ampere's investors?Ampere's investors include Mitsubishi Motors, NuVentures and Kris Gopalakrishnan.
Which companies are comparable to Ampere?Companies comparable to Ampere include Tesla, Tata Motors, GAC Aion, Tata Motors Passenger Vehicles, XPENG and Tata Passenger Electric Mobility.

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