Bicycle Manufacturing Business Investment Opportunity in Chennai, India

- 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.

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

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