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Electrical Vehicles Business Equity Stake For Sale in Himmatnagar, India

Leading zero-emission electric vehicle manufacturer seeking partial stake sale/convertible note to meet growing demand.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 85 thousand
Run Rate Sales USD 82 thousand
EBITDA Margin 20 - 30 %
Industries Electrical Vehicles
Locations  Himmatnagar
Local Time 12:56 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 390 thousand for 20.0% stake (Native Currency: INR 37,000,000)
Reason: The company has already invested over four to five years in establishing all necessary government re... View More
Includes physical assets worth USD 680 thousand
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Business Overview
Our company is a DPIIT-recognized EV start-up that has completed the highest-risk phase of building an AI-enabled Automotive OEM Platform and is now entering Commercial Scale-up.

Unlike many EV start-ups that are still developing concepts or prototypes, our company has already completed the most difficult, capital-intensive phase of Platform Creation.

Historical financials-primarily represent the Platform Creation Phase, during which we Prioritized platform creation over aggressive revenue generation.

Revenue: ₹0.16 Cr ► ₹0.68 Cr ► ₹0.82 Cr (CY) ► ₹15.94 Cr (Forecasted) ► ₹91 Cr (Forecasted) ► ₹196 Cr (Forecasted).
EBITDA: -₹0.14 Cr ► ₹0.22 Cr ► ₹0.24 Cr (CY) ► ₹4.48 Cr (Forecasted) ► ₹30.08 Cr (Forecasted) ► ₹67.60 Cr (Forecasted).
EBITDA%: NA ► 27% ► 30% (CY) ► 28% (Forecasted) ► 33% (Forecasted) ► 34% (Forecasted)
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Historical financials primarily understate the business opportunity because it represent the Platform Creation Phase, while projected financials represent the Commercial Scale-up Phase.

Commercial Scale-up Strategy: -Dealer-Expansion+NBFC Retail Tieup+Manufacturing Utilization+Products-Expansion+Future Recurring Revenue.

Our Revenue Projection Logic- Easy explanation: -
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Passenger EV Sales.
20 Dealers (within 1.5 to 3 years)
× 6 EVs/Month.
× 12 Months.
= 1,440 EVs.
× ₹3.0 Lakh/Vehicle.
= ₹43 Cr.

Loader EV Sales.
20 Dealers.
× 3 EVs/Month.
× 12 Months.
= 720 EVs.
× ₹3.5 Lakh/Vehicle.
= ₹25 Cr.

GeM Opportunity.

1,500 Garbage EVs.
× ₹2.0 Lakh/Vehicle.
= ₹30 Cr.
══════════════════════
Total Potential ≈ ₹68 - ₹98 Cr annual Turnover.

Current Business Readiness: -
------------------------------
✔ Product Developed.
✔ Market Validated.
✔ Manufacturing Platform Ready.
✔ Commercial Scale-up Ready.

Most importantly, through actual FIELD EXECUTION, we have identified the key execution difficulties-bottlenecks which.
Are Commercial & Execution related—not technological-which are practically, temporary and fully solvable.

Future Platform Expansion: -
---------------------------
The same Automotive OEM Platform will support future Passenger EVs, Loader EVs, Municipal EVs, EV2W, Connected Mobility and AI-SaaS, EV4W (as per market demand) creating multiple products and recurring revenue opportunities.

WHY INVEST NOW?
--------------------
The company is currently raising ₹3.70 Cr against 20% Equity.
Growth Capital will accelerate Dealer Expansion, NBFC Buyer Financing, Manufacturing Scale-up, Product Portfolio Expansion, Technology Enhancement and Working Capital.

THE INVESTMENT OPPORTUNITY: -
------------------------------------
The Hardest Part Has Already Been Completed.
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Product Developed→Market validated→Manufacturing Platform Ready→Commercial Scale-up Ready→ Execution Bottle- necks Identified (which are temporary & fully solvable).
So, Growth Capital Infusion creates→Commercial Scale-up → Multi-fold Revenue Growth → Higher Enterprise Value →Investor Wealth Creation.

Potential investor exit opportunities include: -
---------------------------------------------
* Strategic acquisition by an automotive or EV company.
* Future private equity or growth funding rounds.
* Strategic corporate partnerships.
* Potential IPO (subject to business performance and market conditions).
* Promoter buyback or other mutually agreed exit mechanisms.

ILLUSTRATIVE ENTERPRISE VALUE POTENTIAL: -
(Illustrative valuation based on projected operating performance and indicative EV/EBITDA transaction multiples. )
Financial Year Projected EBITDA Illustrative Enterprise Value.
------------- ------------------ -----------------------------
FY29 ₹30.08 Cr ₹150–180 Cr (5x–6x EBITDA)
FY30 ₹48.62 Cr ₹243–292 Cr (5x–6x EBITDA)

Revenue Model: -
Direct sales, Mainly B2B2C and B2G model with future Recurring model of SaaS.

Market Analysis: -
India's Electric Three-Wheeler industry is among the world's fastest-growing commercial mobility markets, driven by rapid EV adoption, supportive government policies, expanding EV infrastructure, and increasing demand for intelligent, low operating-cost transportation. The Total Addressable Market (TAM) exceeding ₹40,000 Crore by 2030, creating a significant long-term opportunity for technology-driven commercial EV manufacturers.

Unlike conventional manufacturers focused on a single vehicle, our company is building a scalable AI-enabled Automotive OEM Platform. The same manufacturing infrastructure, engineering platform, AI-BMS, telematics architecture and supply chain are designed to support Passenger EVs, Loader EVs, Municipal & Institutional EVs, Two-Wheelers, Connected Mobility and future AI-SaaS, enabling multiple products, multiple revenue streams, recurring revenues and long-term operating leverage from one common platform.
The company's primary competitors include Bajaj RE Tec 9.0, Mahindra Treo Plus and OSM Stream City Qik. While these companies benefit from established brands and dealer networks, our business differentiates itself through superior value creation rather than price competition.

Key Competitive Advantages: -
------------------------------
220 km Driving Range (which eliminates mileage anxiety)
4-Hour Fast Charging.
AI-enabled Battery Management System (AI-BMS)
Cloud-based Telematics & Fleet Connectivity.
Remote Immobilizer & Geo-fencing.
Future Predictive Maintenance Platform.
Hill Hold Assist.
Robust Full-Metal Body Construction.
Rear Side Dicky – First time in India in this Segment.
Approximately ₹0.50/km Operating Cost, delivering a significant Total Cost of Ownership (TCO) advantage for commercial operators.
Future growth will be driven by Connected Mobility, Fleet Intelligence, AI-SaaS, AMC and Fleet Data Analytics, strengthening recurring revenue potential and long-term enterprise value.

Investment Perspective: -
-------------------------
The validated Automotive OEM Platform, differentiated technology, scalable manufacturing infrastructure and identified "Execution Roadmap" position our business to participate in India's accelerating EV transition while creating long-term value through commercial scale-up rather than product development.
Products & Services Overview
Zero-emission autorickshaws, contributing to environmental sustainability and targeting profit maximization for customers through quality materials and cutting-edge technologies.
Assets Overview
Tangible assets:
- Manufacturing unit.
- Machines.
Intangible assets include;
- Brand name.
- Patents.
- License and permits.
Facilities Overview
The business operates from an owned manufacturing unit.
Capitalization Overview
- 3 Shareholders.
- Totally boot strapped as of now.
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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