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Electrical Vehicles Company Investment Opportunity in Bangalore, India

Building cooler, autonomous and affordable electric vehicles along with the supporting ecosystem.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Electrical Vehicles
Locations  Bangalore
Local Time 12:07 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 240 thousand for 10.0% stake (Native Currency: INR 20,000,000)
Reason: Team setup, vehicle certifications from ARAI, accessory development, and ecosystem setup. The high ... View More
Includes physical assets worth USD 5.1 thousand
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Business Overview
- We are building cooler, autonomous comfortable and cost-efficient vehicles along with an interoperable EV ecosystem with state-of-the-art technology at the core to build a sustainable future. We are catering to the market need which has been longing for decades and we intend to revolutionize the automobile industry. So, a standard and open ecosystem independent of battery chemistry (as it would keep improving) along with affordable and weatherproof vehicles for daily commutes with reduced downtime on recharging and maintenance would be an ideal solution which you cannot see in the market as of today and that is exactly what we are aiming for.
- USP.
1) Our unique 90cm wide design.
2) Battery: 8 years battery life with liquid + air-cooled technology.
3) Battery swap station: Liquid-cooled with fast + standard charging technology.
4) Wireless charger: Efficient wireless charging with the non-positional interface of the vehicle with the charger.
- We plan to earn revenue from the direct sales of the vehicles, and chargers and from a subscription model of the ecosystem products (microtransactions).
- The initial prototype has been completed, and we are working on the final vehicle iteration. The final product will be finished in the next 3-4 months.
- The company has two directors and is led by a qualified instrumentation engineer.
Products & Services Overview
We propose a series of tech innovations and a revolutionary business plan to solve the mentioned problems. They are explained in brief below:
1) Our ‘all-seasons’ compact autonomous vehicles provide a comfortable, pollution-free, weatherproof and cost-efficient alternative to 2-wheelers with greater mobility through traffic and off-road rides for personal use and deliveries.
2) Battery swap station: With our swappable battery infrastructure franchise model and state-of-the-art long life and efficient LFP battery solution, we will provide cross-vehicle battery integration covering a wide range of vehicles including low-speed 2Ws to high-speed 3W.
3) Wireless chargers: With our proposed fast and standard wireless charging technology we reduce the charging downtime by making sure the vehicles are charged wherever they are parked which will reduce the battery's size in vehicles and decrease operation costs further down.
4) Open EV ecosystem: Our open EV ecosystem provides a standard solution making it easier and cost-efficient for other EV manufacturers and OEMS to integrate our battery swap and wireless charging technology.
Assets Overview
The intangible assets include the vehicle designs.
The physical assets include the battery, processor, motor, and controller.
Facilities Overview
As of now we have rented a place in co-working space in Bangalore, Karnataka, India.
Capitalization Overview
We are currently bootstrapped and debt free. There are 2 shareholders in the company with 90:10 split. We are a team of 4 members along with 2 advisors.
Recent Activity
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1 Investor made an offer to this Business. 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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