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Electrical Vehicles Company Investment Opportunity in Karnataka, India

Environmental friendly EV taxi services backed by Yamaha Motors seeks investment for business expansion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 220 thousand
Run Rate Sales USD 220 thousand
EBITDA Margin 30 %
Industries Electrical Vehicles + 1 more
Locations  Karnataka
Local Time 10:24 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 250 thousand for 6.0% stake (Native Currency: INR 20,000,000)
Reason: For scaling up operations and expansion of the business. The company has a high valuation as it rai... View More
Includes physical assets worth USD 43 thousand
Name, Phone, Email
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Business Name
Not disclosed
User Verification
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Business Overview

- Mobile app-based B2C aggregator of EV taxi service.

- The application has 11,000+ downloads.

- App is present on both iOS and Android.

- There are 2,000 registered customers and 1,200 regular customers.

- There has been a constant increase in trips and revenue since July last year (post second lockdown).

- 20% of the drivers are women.

- The company saves 1 kg of Co2 with every trip that its customers take.

- Will soon start 24x7 operations and full-time operations at the airport.

- They plan to reach 750 cars with CCD (Compulsory Convertible Debenture) investment this year.

- Yamaha Motors has committed INR 2.5 crore worth of vehicles immediately and about INR 100 crores of vehicles in the near term.

- The company has planned expansion in Mysore, Hyderabad, Pune, and Mumbai this year.

- The company that owns the app has two shareholders and recently raised INR 1 crore.

- The company was recently backed up Yamaha Motors, which is the reason for high growth rate of the business.

Products & Services Overview

Company is a B2C taxi aggregator service and has a mobile app-based all electric-vehicle services.

Assets Overview

Physical assets include hardware, and office supplies. The electric vehicles are leased and not owned by the business.

Intangible assets include software, and mobile application source code.

Facilities Overview

The company is headquartered in Bengaluru, Karnataka.

Recent Activity
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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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