Automotive Batteries Company Investment Opportunity in Delhi, India

- Company dedicated to building the required EV charging and battery swapping infrastructure across the country and offer EV charging as-a-service.

- Company run by IITians.

- Business has set up around 200 charging points at 16 sites.

- Have various ODM & fleet operator partnerships for battery swapping and charging stations.

- MOU / contracts signed with government companies to offer around 30,000 charging stations.

- A big auto electronic component manufacturer is already a minority shareholder in the company.

- Business won The Most Promising Startup award a few years back.

- Charging stations are produced by third-party manufacturing under the company's brand name.

- Revenue is generated by charging fees for battery swaps and charging units.

- Business is witnessing revenue growth due to more projects and orders.

1. Battery - Partnership with a publicly listed Japanese company who is a manufacturer of electrical components.

2. Charging technology - Made in India.

3. Customer community build-up via mobile app.

Inventories which includes batteries, chargers etc.

Computers & equipments.

Leased property which is based out of Delhi.