Electrical Vehicles Company Investment Opportunity in Chennai, India

Electric two-wheeler manufacturing brand with patented technology seeking funds to enter the production phase.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Electrical Vehicles
Locations  Chennai
Local Time 1:36 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 400 thousand for 10.0% stake (Native Currency: INR 30,000,000)
Reason: We need the required investment for making a production prototype and getting approval from a compet... View More
Includes physical assets worth USD 70 thousand
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Business Overview

- Company is based in Chennai and is currently in the pre-revenue phase.

- We started R&D in 2002 and have made several prototypes over the years for testing. We recently finalized the design for our final product.

- Have patented technology and 2 design patents.

- Have designed 2 best in the class cruiser and scooter models which will be priced at INR 2-2.5 lakh.

- Vehicles have a changeable speed limit of up to 120 Km/h and can cover distances of up to 120 km. Duration for a full battery charge takes up to 4 hours.

- We also plan to develop dedicated battery exchange stations, for immediate swapping of batteries for long journeys.

- Our models have received huge appreciation from international auto magazines, and we have received inquiries from 500-600 dealerships.

Products & Services Overview

We are developing two electric vehicle models and dedicated battery exchange stations.

Assets Overview

- Office setup and infrastructure.

- We have 1 technology patent (battery swapping) and 2 design patents.

- Patent-pending for innovative traffic indicators.

Facilities Overview

The corporate office is leased and has a 1,200 sqft built-up area. We have identified and located a manufacturing facility and need funds to finalize the lease agreement.

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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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