Bicycle Manufacturing Business Investment Opportunity in Chennai, India

Startup building a patent awaited non-toppling multi-seater bicycle seeking funds.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Bicycle Manufacturing
Locations  Chennai
Local Time 9:06 PM Mumbai
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 34 thousand for 30.0% stake (Native Currency: INR 2,500,000)
Reason: Promoter will use the funds to set up the factory, buy machinery, and hire man power.
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Documents
Bicycle Brief.pdf
Business Overview

- Firm is planning to start manufacturing an innovative product and intends to start.

- Filed a patent for the product 3 years back and received an examination report 2 months back.

- Promoter intends to set-up a manufacturing unit and the entire business is at a prototype stage.

- The product is at a prototype stage and details of upgrading it will be shared with the investor.

- Product is a non toppling multi-seater bicycle and is a two-wheeler with self-balancing design. It has 4 seats with 2 riders.

- The form of the bicycle is such that the cycle does not fall without the stand and while riding. It is an eco-friendly product.

-It can be manufactured at INR 20,000 per piece and the expected selling price would be INR 55,000.

- Machinery such as welding, molding, joinery, and bar bending machines will be required.

- Promoter intends to market the product via advertisements in newspapers, and social media marketing.

Products & Services Overview

Eco-friendly bicycles, Minimum viable product - future multi-seater bike, Concept creation, and consultancy.

Facilities Overview

Home-based office. Planning to set up a factory.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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