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Electrical Vehicles Company Investment Opportunity in Kanpur, India

Profitable 3-wheeler EV & ICE manufacturer with 200+ dealers across India, raising investment to scale.
This Business is on a Premium Plan
Established 30-40 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 10 - 20 million
Run Rate Sales USD 22.7 million
EBITDA Margin 10 - 20 %
Industries Electrical Vehicles + 1 more
Locations  Kanpur
Local Time 12:36 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 28.3 million for 25.0% stake (Native Currency: INR 2,500,000,000)
Reason: - The investor will not hold any stake in the tangible assets, which remain owned by the three famil... View More
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Business Overview
- Product range: CNG, Diesel, and Electric three-wheelers in the L3 & L5 segments.
- Utilized capacity: 1,200 to 1,300 electric rickshaws per month and 200 ICE vehicles per month.
- Distribution: 200+ dealers across India, ensuring wide market reach.
- Sales track record: 100,000+ vehicles sold, with strong home-state dominance.
- Revenue model: Vehicle sales, repeat demand, after-sales service, and financing tie-ups.
- Profitability: Proven, profitable operations with sustainable margins.
- Experience: 15+ years of promoter expertise in three-wheeler manufacturing.
- In-house finance company: Provides customer financing, boosting sales and enabling recurring income.
- Brand strength: Reputed and trusted brand with an established customer base.
- Relationships: Strong dealer and financial partnerships driving growth.
- Employees: In addition to permanent staff, we hire up to 150 contract employees.
- Registrations & certifications: Private Limited company, ISO 9001:2008 certified, GST registered, and all vehicles ARAI-approved.
Products & Services Overview
We are a reputed manufacturer of CNG, Diesel, and Electric three-wheelers in the L3 and L5 segments, with a strong brand presence and 15 years of market leadership, widely used by passenger commuters and small-scale cargo operators across India.
Assets Overview
Tangible assets:
• Two manufacturing plants on owned land (Plant 1: 24-acre site with 7,000 sqm built-up, Plant 2: 100,000 sq. ft. facility).
• ED paint shop with conveyor system.
• Press shop (50–500 tonne presses).
• Weld shop, machine shop, CNC, and laser machines.
• Assembly lines for ICE & EV three-wheelers.
• Vehicle stockyard.
• Administrative offices & R&D centre.
• In-house finance company infrastructure.
• Dealer network investments (showrooms, service set-up support).
Intangible assets:
• Reputed brand name with 15+ years of market presence.
• Extensive dealer network of 200+ dealers across India.
• Strong customer base with 1,00,000+ vehicles sold.
• Long-standing OEM, supplier, and financing relationships.
• Promoter expertise in the three-wheeler industry and operations.
• R&D capabilities & product designs (ICE & EV).
• Proven profitable track record ensuring investor confidence.
• Private Limited company, ISO 9001:2008 certified, GST registered, and all vehicles ARAI-approved.
Facilities Overview
- We operate two integrated manufacturing plants on fully owned land, ensuring long-term stability and ample expansion potential:
1) Plant 1 (owned land): Built-up area of 7,000 sq m on a 24-acre site, featuring an ED paint shop with a conveyorized system, an assembly shop, and a large vehicle stockyard. The expansive land bank provides significant scope for future capacity expansion.
2) Plant 2 (owned land): Spread across 100,000 sq. ft, this facility serves as the core manufacturing hub. It is equipped with a press shop (50–500 tonne presses), weld shop, CNC and laser machines, machine shop, additional assembly lines, R&D centre, and administrative block.
- Together, these facilities form a robust, scalable, and fully integrated manufacturing ecosystem, combining owned infrastructure, advanced production technology, and strong in-house R&D to drive sustainable growth.
Capitalization Overview
- Our company has been bootstrapped and profitably grown over the past 15 years by three family shareholders, each holding an equal 33.3% stake.
- Growth has been primarily funded through internal accruals, with only a nominal working capital debt of INR 10–12 crore outstanding.
- This conservative funding approach underscores our focus on self-sustained growth, prudent financial management, and long-term value creation.
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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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