Electrical Vehicles Company Investment Opportunity in Kolkata, India

ARAI approved electric vehicle manufacturing company in Kolkata producing over 150 vehicles every month.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 570 thousand
EBITDA Margin 20 %
Industries Electrical Vehicles
Locations  Kolkata
Local Time 12:08 AM Dhubri
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 1.3 million for 20.0% stake (Native Currency: INR 100,000,000)
Reason: We will invest this money in auto components to increase the production capacity and marketing to on... View More
Includes physical assets worth USD 4 million
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Business Overview

- A year old company manufacturing electric vehicles approved by ARAI in Kolkata.

- Have done 8 years of ground work before starting this business.

- Currently producing 3 models in low speed vehicle category and have already taken permission to manufacture high speed vehicles and E-rickshaws.

- Production capacity of our factory is around 500 bikes per month, however, we are manufacturing around 100 to 150 vehicles on a monthly basis.

- Each 2 wheeler electric vehicle costs INR 40 to 50 thousand and the driving range is between 50 to 60 km on a full charge.

- Auto parts such as electric components and motors are procured from China and body components are sourced locally in India.

- Since Jan 2018 to Dec 2018 we produced 700 to 800 vehicles.

- We currently have 25 dealers in Odisha, Uttar Pradesh, West Bengal, Maharashtra, Chhattisgarh and Jharkhand.

- We aim to be amongst top 3 manufacturers of Electric 2-wheeler and 3-wheeler in India by 2030.

- Physical assets include own land, building, manufacturing machinery and stocks.

Products & Services Overview

Manufacturer of E-rickshaw, low speed and high speed electric bikes.

Facilities Overview
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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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