Electrical Vehicles Business Investment Opportunity in Surat, India

- Startup company that manufactures lightweight electric vehicles with aim to reduce vehicle ownership cost, fuel dependency and increase vehicle utilization via shared mobility solutions for daily commuters and working professionals.
- At present, we plan to enter the market with battery enabled bicycles, bikes and e-scooters.
- Prototype of e-cycles, e-bike and e-scooter is built and tested on Indian roads for mileage and durability.
- We currently have production plan for e-cycles, international orders for e-cycles from UAE and Africa. We intend to export vehicles to Middle East, Europe and North America via Dubai. We are leveraging existing infra setup in Dubai for storage and sales.
- Our products are compatible for B2C, B2B and B2B2C business models. We are actively collaborating with software builders and IoT manufacturers to secure contracts with OEMs.
- We intend to setup retail outlets for B2B and distribution channel for B2C segments.
- Company is founded by 3 founders with:
I) 3 times national award winner in EV design.
Ii) 10 years of academic as well as industrial experience in manufacturing.
Iii) 10 years of experience in software development, IoT and operations excellence.
- Founder is a patent holder of an all-wheel drive electric vehicle.
- Company has filed patent for single-axis suspension mechanism.
- We have generated USD 20,000 revenue by fulfilling a purchase order we received last year. Recently, we have received 3 confirmed orders to build 15,000 vehicles in over 12-18 months. The production has begun and we have begun generating revenue. We have received 30 percent payment of the order value.