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Electrical Vehicles Company Investment Opportunity in Bangalore, India

Environmental friendly EV taxi services backed by Yamaha Motors seeks investment for business expansion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 30 thousand
Run Rate Sales USD 60 thousand
EBITDA Margin 30 %
Industries Electrical Vehicles + 1 more
Locations  Bangalore
Local Time 7:51 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 240 thousand for 10.0% stake (Native Currency: INR 20,000,000)
Reason: For scaling up operations and expansion of the business.
Includes physical assets worth USD 43 thousand
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Pitch Deck
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Business Overview

- The application has 11,000+ downloads.

- There are 2,000 registered customers and 1,200 regular customers.

- There has been a constant increase in trips and revenue since July 2021 (post second lockdown)

- 20% of drivers are women.

- The company saves 1 kilo CO2 with every trip that its customers take.

- Soon starting 24/7 operations and full-time operations at the airport.

- They plan to reach 750 cars with CCD investment in 2022.

- Yamaha Motors has committed INR 2.5 crores of vehicles immediately and about INR 100 crores of vehicles in the near term.

- The company also plans to expand operations to Mysore, Hyderabad, Pune, and Mumbai in 2022.

Products & Services Overview

The company is a B2C taxi aggregator service and has a mobile app-based all electric-vehicle services.

Assets Overview

Physical assets include required hardware, office supplies, and electrical vehicles.

Intangible assets include required software.

Facilities Overview

The company is headquartered in Bengaluru, Karnataka.

Capitalization Overview
Not Disclosed
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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