Electrical Vehicles Company Investment Opportunity in Bangalore, India
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 500 thousand |
| Run Rate Sales | USD 360 thousand |
| EBITDA Margin | 3 % |
| Industries | Electrical Vehicles |
| Locations | Bangalore |
| Local Time | 5:58 AM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
- Company aims to revolutionize the Indian EV industry by accelerating its electrification.
- Company works with truck fleet operators & owners by supplying electric trucks and providing support for charging, financing, insurance, and fleet asset management to make their transition to electric seamless.
- The Indian light commercial vehicle (LCV / N1 category) market is growing at a healthy pace due to increasing urbanization in India and the consequent growth of e-commerce and cargo movement demand in large urban areas.
- Currently about 500,000 LCVs (~5B USD TAM) are sold in India annually and this number is expected to reach 1 million (~10B USD TAM) in the next 8 years resulting in a large market size with strong growth potential.
- Business model: Sell/lease eLCVs to fleet owners in partnership with vehicle financing companies or asset leasing companies.
- Company partners with financing companies, insurance companies, charge point operators, distributors and service network providers to provide holistic after-sale support and charging services for the eLCVs.
- Have deployed 25 eLCVs with logistics companies and 3PLs in Bengaluru, India to date.
- Cumulative revenue for the latest financial year was $500,000 and consisted of eLCV sales and recurring revenue from eLCV maintenance and operations.
- Company aims to deploy 1,000+ ELCVs in 2 years and 10,000+ eLCVs in 3 years in multiple Indian cities.
- Business has no liability and has 3 directors.
Electric light commercial vehicle for mid-mile logistics with features such as:
System alerts.
Battery health.
Trip management.
Driver management.
Servicing & maintenance.
Prescheduled servicing.
Roadside assistance.
Re-scheduling in case of breakdown.
Secure OTA framework.
Keyless entry.
Office set-up with some basic office equipment like laptops and printers.
Have a small rented office space with some basic office equipment like laptops, and printers.
By founders and investors.
No loans, no debt.
Two founder and two investors.
80% owned by the owners n 10% with the investors.
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Earlier than 15 daysProduct Leader, Renewable Energy, Bangalore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, Security And Networking, Lusaka, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Agriculture, New Delhi, Individual Investor / Buyer connected with the Business
