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Electrical Vehicles Company Equity Stake For Sale in Chennai, India

Company producing a three-wheeled electric scooter delivering safer and accessible last-mile mobility, seeks investment.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 500 - 600
Run Rate Sales USD 630
EBITDA Margin 10 - 20 %
Industries Electrical Vehicles + 1 more
Locations  Chennai
Local Time 4:20 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 315 thousand for 15.0% stake (Native Currency: INR 30,000,000)
Reason: - Scale and speed up production processes. - R&D activities for our flagship models. - Setting up ... View More
Includes physical assets worth USD 3.15 thousand
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Business Overview
- Developed an innovative three-wheeled electric scooter based on Universal Design Principles, focused on safety, stability, and accessibility.
- Founded and led by a team with expertise in automotive engineering, supply chain management, marketing, finance, and mobility solutions.
- Successfully completed product development, testing, and validation, with over ₹1 crore invested in product development and market validation.
- Design patent granted for our distinctive design and innovation.
- Incubated and supported by leading innovation ecosystems including National Institute of Design and NDBI.
- Recipient of support and recognition from StartupTN.
- Established relationships with industry stakeholders across manufacturing, financing, charging infrastructure, and fleet mobility sectors.
- Engaging with potential strategic partners in fleet operations, EV financing, and charging infrastructure to accelerate market adoption.
- Positioned to address a large underserved mobility segment through a differentiated, safety-focused electric vehicle platform.
Products & Services Overview
Our main product is three-wheeled electric scooter designed for stable, safe, and accessible personal mobility.

Primary users:

Senior citizens seeking greater independence.
Women riders prioritizing stability and safety.
People with reduced balance or mobility challenges.
Safety-conscious commuters for short-distance travel.
Last-mile mobility users in urban and semi-urban areas.

How they use it:
- Daily local commuting (work, shopping, errands)
- Independent transportation for elderly family members.
- Safe mobility in congested urban environments.
- Short-distance travel where balance and confidence are important.
- Personal transportation for users who find conventional two-wheelers challenging.
Assets Overview
While our tangible assets may be limited at present, the potential for growth and the intangible assets we possess position us optimistically for the future.

Our valuable assets include intangibles such as innovative design patents, intellectual property related to electric vehicle technology, a well-established brand reputation, and an extensive network of industry relationships.
Facilities Overview
We follow an asset-light manufacturing model through a strategic joint venture with a manufacturing partner based in Hyderabad.

The partner operates the production facility and is responsible for vehicle manufacturing, assembly, quality control, and testing operations. We focus on product design, engineering, supply chain management, branding, sales, and customer support, while leveraging the partner's manufacturing infrastructure and expertise to ensure efficient production and scalability. This approach enables the company to optimize capital deployment while maintaining production flexibility and quality standards.
Capitalization Overview
Incubated in National Institute of Design, India's premier design institute. We have also received funding from an overseas investor based in USA. Received grant from StartupTN and finally founders' contributions.
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13 Investors viewed this Business this week. Register below to connect now!
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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