Magenta Mobility funding, investors and company details

Magenta Mobility is an emerging Automobile - EV startup from Mumbai, working in the space of Electric mobility solutions provider focused on decarbonizing India’s supply chain through safe, intelligent, and sustainable logistics services. Founded by Darryl Dias, Maxson Lewis.

Company: Magenta EV Solutions Private Limited
Sector: Automobile - EV
Location: Mumbai
Founders: Darryl Dias, Maxson Lewis
Total funding raised: ₹179.78 Cr

Company overview

Magenta Mobility is an electric mobility solutions provider focused on decarbonizing India’s supply chain through safe, intelligent, and sustainable logistics services. The company operates a fleet of more than 2,500 electric vehicles across 18 cities, catering to clients in sectors such as e-commerce, FMCG, grocery, and pharmaceuticals. Through its integrated platform, Magenta delivers end-to-end solutions spanning logistics operations, charging infrastructure, and technology enablement. Leveraging AI- and IoT-powered fleet management systems, Magenta optimizes delivery routes, lowers operating costs, and improves overall efficiency. Its electric fleet has collectively covered over 30 million kilometers of zero-emission travel, preventing more than 900 tonnes of CO₂ emissions. With initiatives like the “Ab Ki Baar Dus Hazaar” campaign, the company plans to scale its cargo fleet to 10,000 vehicles while generating meaningful employment opportunities for India’s gig workforce. By combining sustainability, advanced technology, and operational scale, Magenta Mobility is shaping a safer and smarter electric logistics ecosystem for the future.

Funding rounds

Latest round: $ 22.00 Mn (₹179.78 Cr.), 2023-04-06. Investors: Morgan Stanley India Infrastructure