Investor Relations · Magma ChargeSpot

Market

The largest EV market in the world needs charging infrastructure.

India will have 100M+ EVs on road by 2030. Public charging penetration today is under 2%. That's the gap we're filling.

India EV market size 2028

₹8,100 Cr

CAGR 28%

Public chargers needed by 2027

5L+

BEE target

Current public chargers

~28,000

<6% of target

Magma addressable market

₹2,400 Cr

CPO + CSMS + devices

Why Magma wins

Vertical integration

We make the hardware, write the software and operate the network. Higher margins, faster iteration, single support line.

Two revenue streams

Hardware sales (one-time) + CSMS subscriptions (recurring). CSMS ARR is 100% gross margin.

Asset-light CPO model

The vendor model means we deploy chargers without owning the real estate. Vendors carry capex; we carry revenue.

Open standard moat

OCPP + OCPI means third-party hardware can join our CSMS — growing our software revenue without hardware spend.

Bharat-first hardware

Designed for India: dust, heat, variable power, UPI-native. Not an imported product rebranded for the market.

Regulatory alignment

FAME-II CPO, BIS certified, ARAI approved, listed on EV Recharge government portal. Ticks every compliance box.

Metrics

Key business metrics

Total revenue FY25

[Confidential — available under NDA]

Revenue growth

3.2× year-on-year (FY24 → FY25)

Gross margin (CSMS)

>80%

Gross margin (hardware)

38 – 42% depending on model mix

Chargers deployed

2,400+ (Q1 FY26)

CSMS ARR

[Confidential — available under NDA]

Burn rate

[Confidential — available under NDA]

Runway

[Confidential — available under NDA]

Cap table

[Confidential — available under NDA]

Funding raised to date

Series A closed Q2 FY25 · [Amount under NDA]

Team

Built by people who've done this before.

Photo

Vikram Rao

CEO & Co-founder

Ex-Tata Power, IIT Bombay, 18 yrs in energy infrastructure

Photo

Divya Menon

CTO & Co-founder

Ex-Bosch EV, NIT Trichy, led OCPP stack at prior startup

Photo

Karan Shah

COO

Ex-Ola Electric operations, MBA IIM-A, scaled 400+ field teams

Photo

Pritha Nair

CFO

Ex-KPMG, CA, raised ₹400 Cr across infra SPVs

Investor enquiries

investors@magmapro.in

Responded within 48h

Media & press

press@magmapro.in

PR team available

Registered office

Bengaluru, KA 560071

CIN U40300KA2022PTC000000

Company status

Series A · Fundraising closed

Next round: Series B, projected Q3 FY27

Building India's public charging backbone.

The largest EV market in the world needs charging infrastructure.

Why Magma wins

Vertical integration

Two revenue streams

Asset-light CPO model

Open standard moat

Bharat-first hardware

Regulatory alignment

Key business metrics

Built by people who've done this before.

Get in touch with our investor relations team.