ARC Electric, a B2B EV platform, has announced that it has turned cash-positive and achieved profitability in FY 2024-25 with a 100% year-on-year revenue increase and increase in profit margins.
The company’s claim to sustainable growth comes at a time when many startups in the electric vehicle space are either downsizing or exiting the market due to unviable operations or funding constraints.
ARC Electric attributed its success to its deep market penetration, strong alliances with local EV vendors, and successful onboarding of new projects with multiple Fortune 500 companies and Global Capability Centers(GCC).
Founded in 2023 by Abhinav Kalia, ARC Electric is a B2B EV platform providing EV cab services across major cities for corporate usage. ARC Electric has EV infrastructure across Tier 1 and Tier 2 cities and provides integrated fleet electrification solutions for large enterprises,
Abhinav Kalia, Founder & CEO of ARC Electric, said, “In a highly price-sensitive sector with stiff competition, achieving profitability is a validation of both our strategy and our team’s commitment. We’re building for scale, for impact, and for long-term sustainability. This momentum will drive us as we expand our footprint and deliver cutting-edge EV solutions to enterprises across India.”
