Auto Dealer Seeking Loan in Jhunjhunu, India
Electric vehicle dealership selling three-wheelers with 150 units sold last year looking for loan.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 210 thousand |
| Run Rate Sales | USD 210 thousand |
| EBITDA Margin | 20 % |
| Industries | Auto Dealers |
| Locations | Jhunjhunu |
| Local Time | 6:36 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
58 thousand
for
11.0%
annual interest,
5
years
(Native Currency: INR 5,000,000)
Reason: We need to extend our business and the money we borrowed from the market has a very high interest ra...
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Collateral Available: USD 0
Includes physical assets worth
USD
58 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Business Overview
- The business operates in the electric vehicles industry, specifically selling electric scooters and electric three-wheelers & servicing the same headquartered in the Jhunjhunu district.
- The company has a total of eight employees and operates through four outlets in the district, with an average monthly sales volume of 15 to 20 units. In the previous year, the company achieved sales of over 150 units.
- Their flagship product, the Mayuri grand e-auto, is particularly popular among auto drivers for passenger transportation, highlighting a potential niche market within the broader electric vehicle segment.
- The business is strategically positioned to capitalize on the increasing demand for electric vehicles, aligning with the global trend towards sustainable and environmentally friendly transportation solutions.
- The business's localized presence in the Jhunjhunu district & it's presence in 4 other districts namely chirawa, singhana and neem ka thana provides a strong foundation for establishing a loyal customer base, potentially offering a competitive advantage in the regions.
- Given the increasing emphasis on reducing carbon emissions and the growing popularity of electric vehicles, the company's offerings are well-aligned with broader market trends,
- The company has a total of eight employees and operates through four outlets in the district, with an average monthly sales volume of 15 to 20 units. In the previous year, the company achieved sales of over 150 units.
- Their flagship product, the Mayuri grand e-auto, is particularly popular among auto drivers for passenger transportation, highlighting a potential niche market within the broader electric vehicle segment.
- The business is strategically positioned to capitalize on the increasing demand for electric vehicles, aligning with the global trend towards sustainable and environmentally friendly transportation solutions.
- The business's localized presence in the Jhunjhunu district & it's presence in 4 other districts namely chirawa, singhana and neem ka thana provides a strong foundation for establishing a loyal customer base, potentially offering a competitive advantage in the regions.
- Given the increasing emphasis on reducing carbon emissions and the growing popularity of electric vehicles, the company's offerings are well-aligned with broader market trends,
Products & Services Overview
Our top product includes the Mayuri grand e-auto used by auto drivers for passengers. We also sell electric scooters.
Assets Overview
Tangible assets include stock of 25 e rickshaw, 20 e scooter, 30 cycles, 100 pairs of tires and spare parts.
Facilities Overview
4 shops leased at Jhunjhunu, chirawa, singhana and neem ka thana with adequate space for sale and service of vehicles.
Capitalization Overview
Business is a sole proprietorship, funded by state Bank of India and some money lent from market and finance companies which are financing our products.
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