Electric scooter rentals for delivery riders, with battery-swap stations.

Sector
Stage
Tracking
SPOC
Updated
30 Sept
Ask
$30.0M
Pre-money
$120M
FY26 revenue
₹120 Cr
Growth
+85%
EBITDA margin
4%

Performance

Monthly net revenue, FY27 (₹ Mn)

6080100120140160AprMayJunJulAugApr: 116 (FY26 75)May: 117 (FY26 78)Jun: 129 (FY26 80)Jul: 137 (FY26 87)Aug: 142 (FY26 94)14294
FY27FY26Ampride Rentals performance tracker.xlsx

Meetings

10 Jul 2026 · With the company · 30 min · Latest

Ampride Rentals <> Kestrel: catch-up

  1. Revenue is running up 55.2% on last year.
  2. Monthly burn is about $0.4M.
  3. Abhay is not raising before next spring.

NextCheck in after the next quarter's numbers.

Latest

  • Ritika sent the August MIS: monthly revenue ₹142 Mn, up 50.8% on the same month last year.

    Ampride Rentals — August MIS

  • Monthly burn is about $0.4M.

    Ampride Rentals <> Kestrel: catch-up

At a glance

Business
Electric scooter rentals for delivery riders, with battery-swap stations.
Scale
21,000 scooters on the road; 660 people.
FY26
Revenue ₹120 Cr, up 85% on FY25; EBITDA 4%, gross margin 30%.
This year
FY27 to date (Apr–Aug) revenue ₹64 Cr, up 55.2%.
Unit economics
Net revenue retention is 124%; monthly logo churn is 1.6%. Monthly burn is about $0.4M.
Round
$30.0M at $120M pre-money.
Team
Abhay Nanda (Co-founder & CEO), Ritika Sen (CFO); Ritika Sen runs finance.
Main risk
Fleet growth needs an asset-backed debt line that has not closed.
Status
Track: revisit once the asset-backed debt line closes; the equity ask only works alongside it.

9 sources:Data roomMeeting

Events

Coming up

  • Sep MIS due from Ritika

Recent

  • Kept warm; nothing to decide yet.
  • Walked the data room with the finance team.
  • Walked the unit economics with Abhay and Ritika.