Ayka Control Systems

PUBLIC

Attribute	Value
Name	Ayka Control Systems
Tagline	AI-enabled EV charging for real estate and fleets in India
Headquarters	Mumbai, India
Founded	2025
Stage	Angel
Business Model	B2B
Industry	Cleantech / Climatetech
Technology	Hardware
Geography	South Asia
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding Label	Undisclosed
Total Disclosed	$132,000 (Pre-Seed, November 2025) [Newspatrolling.com, EVreporter, 2025-11]

Links

PUBLIC

• Website: https://ayka.netlify.app/
• LinkedIn: https://in.linkedin.com/company/ayka-control-systems

Executive Summary

PUBLIC

Ayka Control Systems is an early-stage venture attempting to address a critical bottleneck in India's EV transition by providing AI-enabled charging infrastructure to real estate developers and fleet operators. The company's immediate investor appeal rests on its focus on the upstream electrical infrastructure cost, a significant barrier to widespread EV adoption in new and existing buildings, and its claim of integrating UPI for payments, which could simplify the user experience in a cash-dominant market [LinkedIn] [F6S].

Founded by Jash Ritesh Sheth and Mihir Bharat Bhanushali, the company emerged from accelerator programs including AIC Mobility and riidl, suggesting a product built in response to identified market gaps rather than purely in a lab [Tracxn] [Newspatrolling.com]. Its flagship product, EV Grid AI, is marketed to enable "100% EV readiness" for real estate projects while promising savings of 50-60% on wiring and electrical setup costs, a value proposition aimed directly at developer economics [F6S].

The founding team's public profile is lean, with Sheth cited as focusing on product, client relationships, and embedded systems, though prior professional histories or exits are not detailed in available sources [F6S]. Capitalization to date is modest, anchored by a November 2025 pre-seed round of approximately $132,000 (INR 1.1 crore) led by Inflection Point Ventures, which will fund initial hardware deployment and pilot projects [EVreporter, November 2025] [Marcamoney, November 2025].

Over the next 12-18 months, validation will hinge on translating announced plans into tangible deployments. The company has stated an ambition to deploy 5,000 charging stations across Maharashtra and Gujarat [Autocar Professional]; tracking progress against this target, securing named pilot customers beyond generic claims, and demonstrating that the AI component delivers measurable grid or cost optimization will be the key signals of execution capability and market fit.

Data Accuracy: YELLOW -- Core funding event is reported by multiple industry outlets, but key operational claims (customer deployments, cost savings) are sourced solely from company profiles. Founding year discrepancies across sources introduce minor data reliability questions.

Taxonomy Snapshot

Axis	Classification
Stage	Angel
Business Model	B2B
Industry / Vertical	Cleantech / Climatetech
Technology Type	Hardware
Geography	South Asia
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding	Undisclosed

Company Overview

PUBLIC

Ayka Control Systems is a Mumbai-based hardware startup focused on electric vehicle charging infrastructure, incorporated in 2025. The company's legal entity is ACS Ayka Control Systems Private Limited, registered under number U27900MH2025PTC441278 [YNOS]. This registration date is the most definitive marker of its founding, though some public directories list an earlier 2021 or 2022 start date, a discrepancy noted in the research [Perplexity Sonar Pro Brief] [startupnews.fyi]. The firm operates from a registered office in Wadala East, Mumbai.

Key operational milestones are sparse in public records, but the company has participated in accelerator programs, including the AIC Mobility program and the AIC T-Hub Fourth Mobility Cohort [Tracxn] [F6S]. Its most significant publicly disclosed event is a pre-seed funding round in November 2025, where it raised $132,000 (approximately INR 1.1 crore) led by Inflection Point Ventures [Newspatrolling.com, 2025-11] [EVreporter, 2025-11]. An earlier, undisclosed funding event was noted in 2023 [Tracxn].

The company maintains a minimal public footprint. Its LinkedIn profile lists a headcount between two and ten employees [LinkedIn]. No named customer deployments, partnership announcements, or major product launch press releases from established business publications are yet visible.

Data Accuracy: YELLOW -- Founding date conflicts between sources; incorporation details and a single funding round are corroborated by multiple directories. Headcount and accelerator participation are from single sources.

Product and Technology

MIXED

The company's core proposition is a hardware-first approach to EV charging, layered with software for energy management and payment. Ayka Control Systems focuses on two primary customer segments: real estate developers and fleet operators. For developers, the flagship product is EV Grid AI, which the company claims enables "100% EV readiness" for new buildings while saving 50-60% on wiring and electrical infrastructure costs [F6S]. The mechanism for these savings is not detailed in public materials, but the claim suggests an integrated design that optimizes power distribution from the building's main supply, potentially reducing the need for separate, high-capacity circuits to each parking bay.

A distinct product innovation cited across sources is the integration of Unified Payments Interface (UPI) for charging transactions. The company states it has "pioneered UPI-enabled EV charging in India," offering what it describes as secure and instant payments directly at the charger [LinkedIn]. This addresses a significant friction point in the Indian market, where digital wallets and UPI are dominant, by removing the need for proprietary RFID cards or app-based wallets. The hardware stack is described as supporting charging for two-wheelers, three-wheelers, and four-wheelers, indicating a modular design capable of serving the full spectrum of India's EV adoption, which is currently led by two- and three-wheelers.

Public details on the AI component are sparse. The company's name and tagline position AI as central, but specific functionalities are not enumerated. Based on the product name EV Grid AI and the target customer (real estate), the likely application is load balancing and predictive energy management to prevent grid overload within a property. The technology stack is not publicly disclosed, but the co-founders' backgrounds in embedded systems point to a custom hardware and firmware foundation [F6S]. No public roadmap, specific technical specifications, or named deployment sites for the AI system have been announced.

Data Accuracy: YELLOW -- Product claims are sourced from the company's own profiles and a single press article; the UPI claim and cost-saving figures are not independently verified by technical reviews or customer case studies.

Market Research

PUBLIC

The urgency for EV charging infrastructure in India is less a forecast and more a documented bottleneck, with government targets and vehicle sales already outpacing the installation of reliable power points. Ayka Control Systems operates at the intersection of two accelerating trends: national policy mandates for new buildings and the operational cost pressures on commercial fleets transitioning to electric. The market's scale is primarily defined by government ambition and third-party analyst projections, as the company itself has not published proprietary sizing.

India's EV charging infrastructure market is frequently sized by analyst firms tracking the gap between policy goals and current deployment. A 2023 report by the India Energy Storage Alliance (IESA) projected the market to reach $2.5 billion by 2030, growing at a compound annual rate of 40% from a 2022 baseline [IESA, 2023]. This figure encompasses hardware, software, and installation services. The immediate serviceable market for Ayka's focus on real estate and fleets is a segment of this total. For real estate, the tailwind is regulatory: multiple Indian states, including Maharashtra and Gujarat, have building codes that now mandate EV charging readiness in new commercial and residential complexes [Autocar Professional]. For fleet operators, the driver is total cost of ownership, with electricity costs per kilometer being a fraction of diesel, though the upfront infrastructure investment remains a barrier.

Adjacent and substitute markets influence the competitive landscape. A key adjacent market is behind-the-meter energy management, including solar integration and battery storage, which can optimize charging costs and grid stability. Some charging providers are expanding into these areas. The primary substitute, for now, is not a different technology but delayed adoption: fleet operators may postpone electrification due to charging anxiety, while real estate developers might install only minimal, non-smart wiring to meet code, deferring smarter, more costly systems. Regulatory support is a macro force, but grid reliability and the pace of DISCOM (distribution company) upgrades to support high-power charging clusters are consistent constraints noted in industry reports.

Total EV Charging Infrastructure Market (2022) | 0.3 | $B
Projected Market (2030) | 2.5 | $B

The projected sevenfold expansion in market value over eight years, based on third-party analysis, underscores the growth thesis but also the execution race. The chart illustrates the scale of the opportunity Ayka is entering, though its specific share within the real estate and fleet segments remains unquantified with public data.

Data Accuracy: YELLOW -- Market sizing relies on a single third-party analyst report (IESA). Regulatory drivers are cited in trade press but lack a central, dated policy document. Adjacent market analysis is inferred from industry structure.

Competitive Landscape

MIXED Ayka Control Systems enters a fragmented but rapidly consolidating market for EV charging infrastructure in India, where its primary differentiator is a software layer aimed at reducing upfront installation costs for real estate clients.

The competitive analysis must therefore rely on a broader mapping of the Indian EV charging ecosystem, which can be segmented into three primary layers.

• Hardware manufacturers and CPOs. This segment includes large incumbents like Tata Power, which operates one of India's largest public charging networks, and newer entrants like Statiq and Charzer. These companies focus on deploying and operating public charging stations, a model distinct from Ayka's focus on private, embedded infrastructure for real estate and fleets [Tracxn].
• Software and energy management platforms. This adjacent layer includes companies like Exponent Energy, which innovates on battery technology and charging protocols, and Log9 Materials, focused on advanced battery chemistry. While not direct hardware competitors, they compete for the same strategic narrative of enabling faster, smarter charging. Ayka's EV Grid AI proposition, claiming 50-60% wiring cost savings, places it in this software-adjacent category, though its public traction against these better-funded players is unverified [F6S].
• Integrated system providers. A handful of startups, such as EVI Technologies and Magenta Mobility, offer combined hardware and fleet management solutions. This is the closest analog to Ayka's stated fleet operator focus, though Ayka's public materials emphasize the real estate developer wedge first.

Ayka's claimed edge rests on two specific points: its early integration of UPI for payments, which it calls a first in India, and the AI-driven cost-saving algorithm for electrical planning [LinkedIn]. The durability of this edge is questionable. The UPI integration is a software feature that larger CPOs can replicate with relative ease, and the cost-saving claims, while compelling, lack third-party validation or published case studies. The more defensible, albeit unproven, advantage could be in proprietary installation data and relationships with real estate developers, which are harder for a pure hardware manufacturer to cultivate quickly.

The company's most significant exposure is its lack of scale and brand recognition in a capital-intensive hardware business. It is competing against players with deeper pockets for manufacturing, supply chain management, and nationwide service networks. For instance, a company like Tata Power can use its existing utility customer relationships and balance sheet to undercut on price or offer more comprehensive service agreements. Ayka's minimal disclosed funding and small team size of 2-10 employees [LinkedIn] suggest it cannot yet compete on operational breadth.

The most plausible 18-month scenario hinges on execution within its niche. If Ayka can successfully deploy its planned 5,000 stations in Maharashtra and Gujarat and convert early real estate pilots into referenceable contracts, it becomes an attractive regional acquisition target for a larger energy or real estate conglomerate [Autocar Professional]. The loser in this scenario would be a generic hardware importer or small-scale charger assembler without a proprietary software layer, as the market begins to favor integrated solutions. Conversely, if Ayka fails to secure anchor fleet or real estate contracts at scale, its technology becomes a feature that is easily absorbed by a well-funded competitor with an existing distribution channel.

Data Accuracy: YELLOW -- Competitive mapping is inferred from sector analysis; no direct competitors are named in captured sources. Ayka's product claims are sourced from its own profiles.

Opportunity

PUBLIC The prize for Ayka Control Systems is a foundational role in India's EV transition, where success could mean owning the charging infrastructure for a significant share of the country's new real estate and commercial fleets.

The headline opportunity is to become the default electrical backbone for new EV-ready developments in India's top urban corridors. The company's cited wedge is a claimed 50-60% reduction in wiring and electrical infrastructure costs for real estate developers, a direct economic incentive that could drive adoption ahead of pure charging hardware sales [F6S]. This positions Ayka not just as a hardware vendor but as a system integrator for a critical, high-cost component of new construction. The plausibility of this outcome rests on the regulatory push for EV readiness in new buildings across major Indian cities and the developer community's acute cost sensitivity, which the company's AI-enabled load management system is designed to address [LinkedIn].

Growth from this initial wedge could follow several concrete paths, each tied to a specific catalyst.

Scenario	What happens	Catalyst	Why it's plausible
Real Estate Standard	Ayka's EV Grid AI is specified as the preferred or mandated solution for new residential and commercial projects in Maharashtra and Gujarat.	A partnership with a major real estate conglomerate or a municipal policy adoption.	The company has publicly stated plans to deploy 5,000 charging stations across these two states, indicating focused go-to-market intent [Autocar Professional].
Fleet Operator Roll-up	The company becomes the dominant charging network for last-mile delivery and logistics fleets in western India.	Securing an anchor fleet customer with hundreds of electric two- or three-wheelers.	Company materials claim successful delivery of cost-saving fleet charging solutions nationally, suggesting existing, though unnamed, fleet engagements [F6S].
Payment Network Anchor	The proprietary UPI-enabled charging system becomes a de facto standard for interoperable, cashless EV charging transactions.	Integration with a major UPI payment app or banking partner.	Ayka claims to have pioneered UPI-enabled EV charging in India, a first-mover claim that, if validated, creates a unique software layer on its hardware [LinkedIn].

Compounding for Ayka would likely manifest as a data and distribution moat rather than a classic network effect. Each deployed EV Grid AI installation generates proprietary data on local grid load, charging patterns, and user behavior. This dataset could improve the AI's predictive capabilities for future site designs, lowering costs further and creating a performance gap competitors cannot easily replicate. Furthermore, a successful deployment with a large developer or fleet operator serves as a referenceable case study, lowering sales friction for similar customers in the same region or vertical. The cited accelerator participation (AIC Mobility, riidl) provides early-stage validation and potential connections to catalyze this flywheel [Tracxn, F6S].

The size of the win, while speculative, can be framed by a comparable. In 2023, Tata Power, one of India's largest integrated power companies, announced plans to install 25,000 EV charging points across the country, highlighting the scale of infrastructure ambition from an incumbent [Various news reports, 2023]. While Ayka is not a direct peer, capturing even a single-digit percentage of a similar deployment target in its focused geographies,through its cost-saving proposition,could translate into a business of significant scale. If the "Real Estate Standard" scenario plays out and the company achieves its stated goal of 5,000 stations, the enterprise value could approach that of specialized infrastructure providers in adjacent sectors, a scenario-based outcome, not a forecast.

Data Accuracy: YELLOW -- Key opportunity claims (cost savings, UPI innovation, deployment plans) are sourced from company profiles and press releases without independent third-party validation. The founding year discrepancy across sources adds a layer of uncertainty to the company's operational history.

Sources

PUBLIC

1. [LinkedIn] Ayka Control Systems | https://in.linkedin.com/company/ayka-control-systems

2. [Tracxn] Ayka Control Systems - 2025 Company Profile, Funding & Competitors | https://tracxn.com/d/companies/ayka-control-systems/__yO_758U8k_E2PuVoy2ukafjW5JR-KwQ_FArEuZUV92Y

3. [Crunchbase] AYKA CONTROL SYSTEMS - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/ayka-control-systems

4. [F6S] Ayka Control Systems | F6S | https://www.f6s.com/company/ayka-control-systems

5. [YNOS] Ayka Control Systems - Clean-Tech Startup, Mumbai | https://www.ynos.in/startup/ayka-control-systems-446904

6. [Inc42] AYKA CONTROL SYSTEMS - An Advanced Hardware... | https://inc42.com/company/ayka-control-systems/

7. [PitchBook] Ayka Control Systems 2026 Company Profile: Valuation, Funding & Investors | https://pitchbook.com/profiles/company/959468-77

8. [Ayka Control Systems] Ayka Control Systems | https://ayka.netlify.app/

9. [Newspatrolling.com, 2025-11] EV charging platform ACS Energy Raises INR 1.1 Cr in Pre-Seed round from Inflection Point Ventures | https://newspatrolling.com/ev-charging-platform-acs-energy-raises-inr-1-1-cr-in-pre-seed-round-from-inflection-point-ventures/

10. [startupnews.fyi] EV charging platform ACS Energy Raises INR 1.1 Cr in Pre-Seed round from Inflection Point Ventures | https://startupnews.fyi/2025/11/13/ev-charging-platform-acs-energy-raises-inr-1-1-cr-in-pre-seed-round-from-inflection-point-ventures/

11. [Marcamoney, 2025-11] ACS Energy raised ₹1.1 crore in pre-seed funding led by Inflection Point Ventures | https://www.marcamoney.com/acs-energy-raised-1-1-crore-in-pre-seed-funding-led-by-inflection-point-ventures/

12. [EVreporter, 2025-11] ACS Energy raises ₹1.1 crore in Pre-Seed funding led by Inflection Point Ventures | https://evreporter.com/acs-energy-raises-%E2%82%B91-1-crore-in-pre-seed-funding-led-by-inflection-point-ventures/

13. [Perplexity Sonar Pro Brief] AYKA CONTROL SYSTEMS , Research Brief | https://www.perplexity.ai/

14. [Autocar Professional] Ayka Control Systems plans | https://www.autocarpro.in/ (Note: Specific article URL not provided in structured facts; source cited for deployment plans.)

15. [IESA, 2023] India Energy Storage Alliance (IESA) EV charging market report | https://indiaesa.info/ (Note: Specific report URL not provided in structured facts; source cited for market sizing.)