Electrical Vehicles Company Investment Opportunity in Bengaluru, India
EV OEM serving India’s B2B logistics with vehicles, retrofits, and BaaS, backed by institutional capital.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 100 - 500 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 6 - 7 million |
| Run Rate Sales | USD 6.3 million |
| EBITDA Margin | 20 - 30 % |
| Industries | Electrical Vehicles |
| Locations | Bengaluru |
| Local Time | 6:53 PM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Partial Stake Sale
USD
17.4 million
for
40.0%
stake
(Native Currency: INR 1,500,000,000)
Reason: Seeking funds to:
- Expand vehicle production to 600+/month.
- Enhance BaaS & aftermarket services...
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Includes physical assets worth
USD
6.4 million
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Pitch Deck
(1.5 MB)
Business Overview
- Full-stack EV OEM and retrofit solutions provider focused on B2B logistics fleets in India.
- Product lineup includes electric 3-wheelers (L5 cargo and L5 passenger), ICE-to-EV conversion kits (e30C), and Battery-as-a-Service (BaaS) solutions.
- Offers comprehensive aftermarket care, service, and maintenance support for fleet operators.
- Serves leading B2B clients such as Flipkart, DMart, Coca-Cola, Porter, Amazon, Rapido, and Zomato for last-mile and intra-city logistics.
- Raised INR 96 crore from Mahanagar Gas Ltd. (MGL) in a Series A funding round.
- Sold 834 electric vehicles in the last financial year, up from 438 the previous year.
- Deployed 1,628 batteries under rental last year, doubling from 838 a year earlier.
- Manufacturing capacity expanded to 300 vehicles/month with scalable potential up to 600/month.
- Holds GST registration and company incorporation certificates; fully compliant with industry and regulatory standards.
- Product lineup includes electric 3-wheelers (L5 cargo and L5 passenger), ICE-to-EV conversion kits (e30C), and Battery-as-a-Service (BaaS) solutions.
- Offers comprehensive aftermarket care, service, and maintenance support for fleet operators.
- Serves leading B2B clients such as Flipkart, DMart, Coca-Cola, Porter, Amazon, Rapido, and Zomato for last-mile and intra-city logistics.
- Raised INR 96 crore from Mahanagar Gas Ltd. (MGL) in a Series A funding round.
- Sold 834 electric vehicles in the last financial year, up from 438 the previous year.
- Deployed 1,628 batteries under rental last year, doubling from 838 a year earlier.
- Manufacturing capacity expanded to 300 vehicles/month with scalable potential up to 600/month.
- Holds GST registration and company incorporation certificates; fully compliant with industry and regulatory standards.
Products & Services Overview
Products & services:- Electric 3-wheelers: L5 cargo and L5 passenger models.
- ICE-to-EV conversion kits (e30C) for commercial fleets.
- Battery-as-a-Service (BaaS) subscription model.
- Comprehensive aftermarket support, including service and maintenance.
Target users:
B2B clients such as Flipkart, DMart, Coca-Cola, Porter, Amazon, Rapido, and Zomato, leveraging the vehicles for last-mile and intra-city logistics.
Assets Overview
Tangible assets valued at INR 55 crore, including property, plant & equipment (PPE), investments in inventory, and machinery.Intangible assets include proprietary SEMS (Smart Energy Management System) technology, brand intellectual property, and BaaS (Battery-as-a-Service) infrastructure.
Facilities Overview
- Shed 1 & 2: Capacity 200 vehicles/month.- Shed 3 (added this year): Expanded capacity to 300/month.
- Phase 2 expansion: Targeting 600 vehicles/month.
- Located in Bangalore, dedicated to production and vehicle conversion.
Capitalization Overview
- INR 96 crore already raised from Mahanagar Gas Ltd. (MGL).- Backed by strategic investors, family offices, and institutional partners.
- Managed by two directors holding equal equity shares.
Recent Activity
-
3 days, 23 hours agoFounder And Principal Strategist, Mumbai, M&A Advisor connected with the Business
-
4 days, 5 hours agoDirector, Pune, M&A Advisor connected with the Business
-
6 days, 2 hours agoGroup Manager, Automotive, Gurgaon, Corporate Investor / Buyer connected with the Business
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