COMPANY INTELLIGENCE PROFILE
REDDY AUTOMOTIVE PRIVATE LIMITED
Reddy Automotive Private Limited is the registered legal entity behind the consumer brand "RACE Energy" (RACEnergy), a Hyderabad-based deep-tech EV infrastructure startup founded in 2018 by Arun Sreyas Reddy Palle and Gautham Maheswaran.
Reddy Automotive Private Limited, founded in 2018, operates under the brand RACEnergy and focuses on deep-tech EV infrastructure. Based in Hyderabad, it develops swappable battery packs, a network of swap stations, and retrofit EV kits. Its revenue for FY2024 was reported at approximately ₹9 crore. It has raised around $4.28 million across several funding rounds, with some sources citing higher figures. The company holds open charges of ₹4.5 crore.
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Business Overview
- Reddy Automotive Private Limited is the registered legal entity behind the consumer brand "RACE Energy" (RACEnergy), a Hyderabad-based deep-tech EV infrastructure startup founded in 2018 by Arun Sreyas Reddy Palle and Gautham Maheswaran.
- RACE builds swappable battery packs and a network of battery-swap stations for electric two/three-wheelers (e-autos, e-2Ws), and also manufactures retrofit EV kits to convert existing auto-rickshaws to electric power, positioning "energy-as-a-service", battery cost taken out of the vehicle price.
- Headquartered in HITEC City, Hyderabad., Sourced: Inc42, Entrackr, LinkedIn, TheCompanyCheck — confirmed via multiple independent sources
Sector & Classification
NIC 34300 — Manufacture of parts and accessories for motor vehicles and their engines (brakes, gear boxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, steering wheels/columns) (confirmed — Falconebiz, Tofler). TheCompanyCheck broadly tags it "Manufacture of motor vehicles, trailers and semi-trailers."
Directors & Key Management
Directors — source notes
Confirmed (Tofler + Falconebiz + TheCompanyCheck agree on all 4): - Arun Sreyas Reddy Palle — DIN 08276033 — Director, appointed 15 Nov 2018 (co-founder) - Gautham Maheswaran — DIN 08276025 — Director, appointed 15 Nov 2018 (co-founder) - Sheetal Bahl — DIN 02330240 — Nominee Director, appointed 27 Aug 2020 - Haritaa Reddy Palle — DIN 08169267 — Director, appointed 29 Jun 2018 (founding/original director) Note: one Inc42-derived web snippet also names a third co-founder "Santosh Reddy Kothakapu" for the RACEnergy brand, but he does not appear as a director of record in any registry source — not obtained/unconfirmed at entity level.
GST Registrations
Primary GSTIN: 36AAJCR0255Q1ZV (Telangana) — confirmed via KnowYourGST individual GSTIN page, PAN prefix matches AAJCR0255Q from Falconebiz. - Registration date: 28 Feb 2019 - State: Telangana (home state, RoC-matching) - Status: Active - Constitution: Private Limited Company; Nature of business: Factory/Manufacturing - Jurisdiction: Basheerbagh–Nampally, TG109 - Number of GST registrations: only 1 identified (Telangana); no evidence of additional state registrations found — treat as "1 (confirmed for TG); others not obtained"
Financials
Reddy Automotive Private Limited, a small unlisted entity, reported an uncorroborated FY2024 revenue of approximately ₹9 crore, marking a 213% year-on-year growth. The FY2023 auditor was Abhishek Daga & Co, with the last AGM held on 30 September 2024.
AI-generated, may contain errors.
- Partial / single-source, TheCompanyCheck only — not cross-verified, treat as unconfirmed:
- FY2024, year ended 31 Mar 2024, Revenue: ~₹9 Crore, reported as +213% YoY growth
- EBITDA, PAT, Net Worth, Borrowings: locked/paywalled — not obtained
- Standalone vs consolidated: not specified, entity is small/unlisted, likely standalone
- Auditor (FY2023): Abhishek Daga & Co, TheCompanyCheck
- Last AGM: 30 Sept 2024, TheCompanyCheck
- No independent second source corroborates the ₹9 Cr revenue figure — flag as single-source/partial.
Funding History
- Confirmed via multiple sources, Entrackr, Inc42, YourStory, Crunchbase cross-referenced, — funding pertains to the "RACEnergy" brand associated with this entity:
- Seed round (2020): $500,000 from growX Ventures, Prophetic Ventures, and angel investors
- Seed+ round: $1.3 million on 19 Aug 2021, led by Micelio Fund and growX Ventures, with participation from Huddle, Prophetic Ventures, BITSian Angels, Source: Entrackr
- Total funding reported: ~$4.28M across 5 rounds per Inc42, last round 9 May 2023
- A conflicting figure of $5.26M across 9 rounds from 30 investors also appears in aggregator data, Tracxn/CBInsights-style sources, — source conflict noted, exact latest round terms/investors not fully obtained
- Round names/counts beyond the above corroborated by Tracxn, used here only for round-count corroboration per sourcing rules
Loans & Charges
| Partial, TheCompanyCheck only, single-source, not cross-verified: | |
| Open charges | ₹4.5 Crore |
| Satisfied charges | ₹5.35 Crore |
| Lender type | "Others", specific lender names not obtained |
| Falconebiz indicates detailed charge records exist but are behind a paid membership wall — not independently confirmed. | |
Legal & Compliance
- No matching court cases or legal filings found on Indian Kanoon for "Reddy Automotive Private Limited", searched directly — zero results returned.
Competitive Landscape
- Battery-swapping / EV infrastructure peers (India), roughly by scale:
- Battery Smart — market leader, 1,569+ active swap stations, 281,000+ circulating batteries, 100M+ historical swaps (large scale)
- Sun Mobility — Battery-as-a-Service (BaaS) pioneer, 600+ Quick Interchange Stations (large scale)
- Ample — battery-swapping tech, global/large scale
- ChargeUp — EV battery-as-a-service (mid scale)
- Bounce Infinity — 110+ exchange stations (mid scale)
- Lithion Power / Yuma Energy — smaller/niche battery-swapping players, small-mid scale
- Reddy Automotive/RACEnergy itself is a smaller, regional, Hyderabad-centric, player relative to Battery Smart/Sun Mobility., Source: EVreporter, TYCORUN, CBInsights alternatives listing
Frequently Asked Questions
What does Reddy Automotive Private Limited do?
Reddy Automotive Private Limited, operating under the consumer brand "RACE Energy" (RACEnergy), is a Hyderabad-based deep-tech EV infrastructure startup. The company builds swappable battery packs and operates a network of battery-swap stations for electric two and three-wheelers, such as e-autos and e-2Ws. Additionally, it manufactures retrofit EV kits to convert existing auto-rickshaws to electric power.
What is the CIN of Reddy Automotive Private Limited?
The Corporate Identification Number (CIN) of Reddy Automotive Private Limited is U34300TG2018PTC125370.
What is the GSTIN of Reddy Automotive Private Limited?
The primary GSTIN of Reddy Automotive Private Limited is 36AAJCR0255Q1ZV, registered in Telangana.
When was Reddy Automotive Private Limited incorporated?
Reddy Automotive Private Limited was incorporated on 29 June 2018.
What is the registered office address of Reddy Automotive Private Limited?
The registered office of Reddy Automotive Private Limited is located at H.No.5-8-326/2 and 4, Nampally, Hyderabad, Telangana, 500001.
Sources
Tofler (tofler.in), Falconebiz (falconebiz.com), TheCompanyCheck (thecompanycheck.com), KnowYourGST individual GSTIN page (knowyourgst.com), Indian Kanoon (indiankanoon.org), Entrackr (entrackr.com), Inc42 (inc42.com), LinkedIn company page (linkedin.com/company/racenergy), YourStory/CBInsights/Tracxn (used only for funding-round corroboration and competitor scale), EVreporter/TYCORUN (competitor landscape), general web search (WebSearch) for company name/CIN cross-check
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.