Vertelo valuation, funding and investors
Vertelo works in e-mobility solutions development, based in Mumbai, India. Founded in 2024, it has about 39 employees.
- Last round
- Growth · $1.50B · Apr 2024
- Valuation at last round
- $14.49B · implied
- Headcount
- 39 · growing
- Grade
- B
- Founded
- 2024
Vertelo valuation today
VCMC values Vertelo at $23.3B today, with a range of $11.3B to $35.4B and a grade of B. The valuation starts from its last funding round, a growth round in Apr 2024.
Valuation by date (36 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2024 | $9.57M | $3.48M – $26.3M | $10.0M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $9.64M | $3.51M – $26.5M | $10.0M (+4%) | before first round | – | unknown | D | 0% |
| 1 Mar 2024 | $9.71M | $3.53M – $26.7M | $10.0M (+3%) | before first round | – | unknown | D | 0% |
| 1 Apr 2024 | $9.78M | $3.56M – $26.9M | $10.0M (+2%) | before first round | – | unknown | D | 0% |
| 23 Apr 2024 | $14.5B | $9.5B – $24.3B | $15.9B (+10%) | after a round | – | unknown | B | 0% |
| 1 May 2024 | $14.5B | $9.5B – $24.3B | $15.9B (+10%) | after a round | – | unknown | B | 0% |
| 1 Jun 2024 | $14.6B | $9.5B – $24.3B | $15.9B (+9%) | after a round | – | unknown | B | 0% |
| 1 Jul 2024 | $14.8B | $9.5B – $24.3B | $15.9B (+8%) | after a round | – | unknown | B | 0% |
| 1 Aug 2024 | $14.9B | $9.5B – $24.3B | $15.9B (+7%) | after a round | 7 | unknown | B | 0% |
| 1 Sep 2024 | $15.2B | $9.8B – $25.0B | $16.4B (+8%) | after a round | 8 | unknown | B | 0% |
| 1 Oct 2024 | $15.3B | $9.8B – $25.0B | $16.4B (+7%) | after a round | 8 | unknown | B | 0% |
| 1 Nov 2024 | $15.5B | $9.8B – $25.0B | $16.4B (+6%) | after a round | 8 | unknown | B | 0% |
| 1 Dec 2024 | $16.5B | $10.7B – $27.3B | $17.9B (+9%) | after a round | 12 | growing | B | 0% |
| 1 Jan 2025 | $16.8B | $10.7B – $27.3B | $17.9B (+7%) | after a round | 12 | growing | B | 0% |
| 1 Feb 2025 | $17.1B | $10.7B – $27.3B | $17.9B (+5%) | after a round | 12 | growing | B | 0% |
| 1 Mar 2025 | $17.4B | $10.7B – $27.3B | $17.9B (+3%) | after a round | 12 | growing | B | 0% |
| 1 Apr 2025 | $17.7B | $10.7B – $27.3B | $17.9B (+1%) | after a round | 12 | growing | B | 0% |
| 1 May 2025 | $17.9B | $10.7B – $27.3B | $17.9B (0%) | after a round | 12 | growing | B | 0% |
| 1 Jun 2025 | $17.9B | $10.6B – $27.3B | $17.9B (0%) | after a round | 12 | growing | B | 0% |
| 1 Jul 2025 | $17.9B | $10.5B – $27.3B | $17.9B (0%) | after a round | 12 | growing | B | 0% |
| 1 Aug 2025 | $17.9B | $10.5B – $27.3B | $17.9B (0%) | after a round | 12 | growing | B | 0% |
| 1 Sep 2025 | $20.5B | $11.9B – $31.2B | $20.5B (0%) | after a round | 22 | growing | B | 0% |
| 1 Oct 2025 | $20.7B | $11.9B – $31.5B | $20.7B (0%) | after a round | 23 | growing | B | 0% |
| 1 Nov 2025 | $20.7B | $11.8B – $31.5B | $20.7B (0%) | after a round | 23 | growing | B | 0% |
| 1 Dec 2025 | $21.1B | $11.9B – $32.1B | $21.1B (0%) | after a round | 25 | growing | B | 0% |
| 1 Jan 2026 | $21.1B | $11.8B – $32.1B | $21.1B (0%) | after a round | 25 | growing | B | 0% |
| 1 Feb 2026 | $20.9B | $11.6B – $31.8B | $20.9B (0%) | after a round | 24 | growing | B | 0% |
| 1 Mar 2026 | $21.6B | $12.0B – $32.9B | $21.6B (0%) | after a round | 28 | growing | B | 0% |
| 1 Apr 2026 | $21.6B | $11.9B – $32.9B | $21.6B (0%) | after a round | 28 | growing | B | 0% |
| 1 May 2026 | $21.6B | $11.2B – $32.9B | $21.6B (0%) | after a round | 28 | growing | B | 0% |
| 1 Jun 2026 | $22.3B | $11.4B – $33.9B | $22.3B (0%) | after a round | 32 | growing | B | 0% |
| 1 Jul 2026 | $22.6B | $11.4B – $34.4B | $22.6B (0%) | after a round | 34 | growing | B | 0% |
| 1 Aug 2026 | $22.6B | $11.3B – $34.4B | $22.6B (0%) | after a round | 34 | growing | B | 0% |
| 1 Sep 2026 | $22.9B | $11.3B – $34.8B | $22.9B (0%) | after a round | 36 | growing | B | 0% |
| 1 Oct 2026 | $23.3B | $11.4B – $35.4B | $23.3B (0%) | after a round | 39 | growing | B | 0% |
| 24 Oct 2026 | $23.3B | $11.3B – $35.4B | $23.3B (0%) | after a round | 39 | growing | B | 0% |
Key facts about Vertelo
- Founded
- 2024
- Headquarters
- Mumbai, India
- Employees
- about 39 +70% in a year
- Total raised
- $1.50B
- Funding rounds
- 1
- Last round
- Growth Equity Apr 2024
Vertelo funding history
Vertelo has 1 funding round on record, from Apr 2024 to Apr 2024, $1.50B in total. None disclosed a valuation.
$1.50B
Vertelo investors
1 investor has backed Vertelo.
What Vertelo does
Vertelo works in car rental, with 14 recorded offerings and customers in transportation, logistics and public transport.
Muon India Private Limited, known as Vertelo, is an Indian private company that provides e-mobility solutions, including fleet electrification, leasing and financing, fleet management, charging infrastructure, and end-of-vehicle life management. The company also offers clean energy and environmental services, with a focus on supporting the transition to electric vehicles and reducing greenhouse gas emissions. Vertelo serves industries such as transportation, logistics, and public transport, and collaborates with partners in the electric vehicle sector.
Description from Veridion's company data.
Products and services
- E-Mobility Solutions Development
- Fleet Electrification Solutions Implementation
- Electric Vehicle Leasing and Financing
- Fleet Management Services
- Charging Infrastructure Solutions Deployment
- Electric Vehicle Energy Solutions Integration
- End-of-Vehicle Life Management Services
- Clean Energy Mobility Solutions
- Sustainable Transportation Consulting
- Electric Bus Deployment Services
- Electric Vehicle Fleet Scaling Services
- E-Mobility Sector Partnership Development
- Low-Carbon Transportation Consulting
- EV Lifecycle Management Services
Markets
- Transportation
- Logistics
- Public Transport
Business model
- Business-to-Business
- Service Provider
- Enterprise
Industry codes (NAICS)
- 532112 Passenger Car Leasing 40% match
- 488490 Other Support Activities for Road Transportation 25% match
- 221118 Other Electric Power Generation 20% match
- 562920 Materials Recovery Facilities 15% match
Questions about Vertelo
What is Vertelo worth?
Valuation $23.3B (range $11.3B to $35.4B), as of 24 Oct 2026.
Has Vertelo raised money?
Vertelo has 1 funding round on record, from Apr 2024 to Apr 2024, $1.50B in total. None disclosed a valuation.
Who has invested in Vertelo?
Green Climate Fund.
How many people work at Vertelo?
About 39, up 70% over the last year. Headcount grew from 7 in Jul 2024 to 39 in Sep 2026.
What does Vertelo do?
Vertelo works in car rental, with 14 recorded offerings and customers in transportation, logistics and public transport. Its main offerings are e-mobility solutions development, fleet electrification solutions implementation and electric vehicle leasing and financing.
When was Vertelo founded, and where is it based?
Vertelo was founded in 2024 and is based in Mumbai, India. It has about 39 employees, up 70% over the last year.