Electrical Vehicles Business Investment Opportunity in Bangalore, India
Startup business with a working prototype of an electric vehicle planning to get ARAI approval.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | General Partnership |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Electrical Vehicles |
| Locations | Bangalore |
| Local Time | 10:22 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
240 thousand
for
15.0%
stake
(Native Currency: INR 20,000,000)
Reason: To manufacture 4-5 vehicles. To get the ARAI test done for government certification and approval.
Includes physical assets worth
USD
6 thousand
Business Overview
- Start-up business based out of Bangalore.
- We have developed a smart electric scooter with an inbuilt navigation system.
- Our prototype scooter has a range of 300 km on a single charge.
- Developed the complete prototype from scratch in 2 months.
- Recently attended startup expo organized in Gurugram.
- Planning to start own manufacturing facility after receiving ARAI approval.
- Business owns a working prototype, charging technology and software.
Products & Services Overview
We have developed a smart electric scooter with programmable controller development technology. Planning to start own manufacturing facility.
Facilities Overview
The main office has not yet been set up, and we are currently working from a small rented space.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Director, Advertising, Hyderabad, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysSoftware Enginner, IT, Bangalore, Individual Investor / Buyer connected with the Business
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