Electric Vehicles Company for Sale in Anantapur, India
Indian electric vehicle manufacturer with regulatory approvals seeking investment to restart operations and expand production.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 26 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Electric Vehicles |
| Locations | Anantapur |
| Local Time | 9:23 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
520 thousand
(Native Currency: INR 50,000,000)
Reason: The owner is seeking to sell the business as they are no longer able to actively operate and manage ...
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Business Overview
• Electric vehicle manufacturing company that previously manufactured passenger e-rickshaws, cargo e-rickshaw loaders, and electric two-wheelers in India.
• The business ceased operations a couple of months ago and is seeking investment to restart manufacturing and commercial operations.
• Manufactured passenger e-rickshaws, e-rickshaw loaders with different load capacities, and electric two-wheelers for the growing electric mobility market.
• Sold approximately 100 electric vehicles with strong profit margins, primarily across southern Indian states before operations were suspended.
• Operated in the rapidly growing electric vehicle and clean energy sector, supported by favorable government policies promoting EV adoption.
• Holds all key manufacturing approvals, including WMI (World Manufacturer Identifier) and ICAT certification for vehicle manufacturing.
• Has obtained state transport registration approvals for its electric vehicles in Tamil Nadu, Andhra Pradesh, Telangana, Chhattisgarh, and Maharashtra, enabling commercial sales in these markets.
• Well positioned to resume operations and capitalize on increasing demand for electric mobility solutions through its existing approvals, manufacturing capabilities, and established product portfolio.
• The business ceased operations a couple of months ago and is seeking investment to restart manufacturing and commercial operations.
• Manufactured passenger e-rickshaws, e-rickshaw loaders with different load capacities, and electric two-wheelers for the growing electric mobility market.
• Sold approximately 100 electric vehicles with strong profit margins, primarily across southern Indian states before operations were suspended.
• Operated in the rapidly growing electric vehicle and clean energy sector, supported by favorable government policies promoting EV adoption.
• Holds all key manufacturing approvals, including WMI (World Manufacturer Identifier) and ICAT certification for vehicle manufacturing.
• Has obtained state transport registration approvals for its electric vehicles in Tamil Nadu, Andhra Pradesh, Telangana, Chhattisgarh, and Maharashtra, enabling commercial sales in these markets.
• Well positioned to resume operations and capitalize on increasing demand for electric mobility solutions through its existing approvals, manufacturing capabilities, and established product portfolio.
Products & Services Overview
The business previously manufactured passenger e-rickshaws, cargo e-rickshaw loaders, and electric two-wheelers. Its clientele included vehicle dealers, fleet operators, commercial transport businesses, and individual buyers.
Assets Overview
Tangible assets.• No physical assets are included in the transaction.
Intangible assets.
• WMI (World Manufacturer Identifier).
• ICAT-approved vehicle manufacturing certification.
• Manufacturing licenses and regulatory approvals.
• State transport registration approvals for Tamil Nadu, Andhra Pradesh, Telangana, Chhattisgarh, and Maharashtra.
• Product designs and technical know-how for passenger e-rickshaws, cargo e-rickshaw loaders, and electric two-wheelers.
• Business goodwill and brand.
• Supplier and dealer network.
• Customer relationships and market presence in the electric vehicle sector.
Facilities Overview
The manufacturing facility currently used by the business is personally owned by the promoter and is not included in the transaction, as it is being utilized for other products. The buyer will be required to establish or lease a separate manufacturing facility to resume operations.
Capitalization Overview
- No Outstanding loans.- 2 owners, each holding 50%.
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