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Electrical Vehicles Company Investment Opportunity in Bangalore, India

Established electric vehicle manufacturing company based. At Bangalore seeks investment for expansion.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 90 - 100 thousand
Run Rate Sales USD 140 thousand
EBITDA Margin 10 - 20 %
Industries Electrical Vehicles
Locations  Bangalore
Local Time 2:15 PM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 60 thousand for 25.0% stake (Native Currency: INR 5,000,000)
Reason: The proceeds from the investment will be used for: - Increasing our production capacity, assembling... View More
Includes physical assets worth USD 36 thousand
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Business Overview

Our company offers multiple electric vehicles under its brand name that fulfill a variety of needs & requirements of our customers.

- We do not manufacture any parts of the EVs ourselves. The production is outsourced to 6 manufacturers in Bengaluru, Karnataka. Each manufacturer produces different parts of our electric vehicles. We purchase these parts and bring them back to our facility.

- Once we have the parts, our in-house team of automobile experts assembles them into the electric vehicles. Currently, we are offering 4 different electric vehicles. Our company only performs the assembling & sells each EV under our own brand name.

- About 85 percent of the company's total revenue is generated through the sales of our e-rickshaw & electric cargo carrying vehicles. We sell them through multiple channels.

- We receive about 10 to 15 direct purchase orders every month for these two vehicles from independent clients in South India. These clients are typically business owners or individuals who wish to begin a source of livelihood by driving an e-rickshaw.

- We also sell our e-rickshaw & e-cargo vehicles to Indian Army camps, Indian Airforce camps, NGOs, Gram Panchayats, and schools across South India. We sell about 30 to 40 electric vehicles to these clients every year. The frequency of purchase orders is not fixed.

- The remaining 15 percent of the company's total revenue is generated by selling our golf carts & electric garbage collecting vehicles to institutions. These clients are typically hotels, resorts, old-age homes, and universities in South India who wish to purchase these vehicles for personal use. We receive bout 3 to 4 purchase orders for these vehicles every month.

- Our production capacity stands at 100 vehicles every month. Currently, our scope of operations & clientele is based in South India only. The pictures on the profile show our vehicles being used by our customers.

- The business is extremely valuable due to the goodwill we have generated in the industry over a short span of time and an enormous growth potential in the EV industry. The valuation is based on our own estimate.

Products & Services Overview

Our company sells multiple electric vehicles under our brand name such as:

- E-rickshaw.

- Electric garbage collecting vehicle.

- Electric cargo carrying vehicle.

- Golf cart.

Assets Overview

Physical assets include:

- Inventory of finished & completely assembled electric vehicles of all categories.

- Inventory of all parts of these EVs which are yet to be assembled such as electric motors, tyres, metal body, etc.

- Assembling equipment & machinery.

- Interior fittings & furniture of the facility.

- Laptops, computers, and CCTV cameras.

Facilities Overview

- The business runs operations from a rented facility spread across 5,000 sq. ft. in Bengaluru, Karnataka.

- The facility is used as an office space and an assembling unit for the electric vehicles.

Capitalization Overview
Not Disclosed
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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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