Electrical Vehicles Company Investment Opportunity in Nashik, India
Manufacturer of affordable electric 2W with 4,000+ units sold and a presence in 29 locations.
This transaction has concluded.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 710 thousand |
| Run Rate Sales | USD 1.13 million |
| EBITDA Margin | 21 % |
| Industries | Electrical Vehicles |
| Locations | Nashik |
| Local Time | 8:32 AM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Partial Stake Sale
USD
590 thousand
for
6.0%
stake
(Native Currency: INR 50,000,000)
Reason: Mission: the company's mission is to become a leading electric two-wheeler manufacturer and boost th...
View More
Includes physical assets worth
USD
29.5 thousand
Documents
Investor Pitch Deck
(11.5 MB)
ROC-Verification.pdf
(73.9 KB)
Business Overview
- Manufacturer and retailer of 2W electric vehicles.
- Present across 29 locations in Maharashtra and Gujarat.
- Over 4,000+ EV scooters sold.
- Recently certified under FAME 2 subsidy, only 15 out of 700 EV two-wheeler companies in India have the prestigious FAME 2 certification, and this company has it for its flagship model.
- The latest model that will be launched soon will have the biggest ever display in an electric scooter.
- Technology patent applied and is under process.
- Several other technologies and design patents are slated to be applied for their upcoming motorcycle, which will be the first of its kind.
- The company has developed a smart ecosystem that connects a customer to their scooter through a mobile app on which the user can see all vital vehicle information on their phone.
- Present across 29 locations in Maharashtra and Gujarat.
- Over 4,000+ EV scooters sold.
- Recently certified under FAME 2 subsidy, only 15 out of 700 EV two-wheeler companies in India have the prestigious FAME 2 certification, and this company has it for its flagship model.
- The latest model that will be launched soon will have the biggest ever display in an electric scooter.
- Technology patent applied and is under process.
- Several other technologies and design patents are slated to be applied for their upcoming motorcycle, which will be the first of its kind.
- The company has developed a smart ecosystem that connects a customer to their scooter through a mobile app on which the user can see all vital vehicle information on their phone.
Products & Services Overview
Currently have two models of two-wheeler electric scooters.
Assets Overview
Currently an asset lite company that has invested about INR 25 lakhs in assets required to assemble the electric 2-wheelers.
Facilities Overview
The company has a warehouse in Nashik, Maharashtra. This is an assembly unit and parts are sourced from third parties.
Capitalization Overview
At the inception, the company raised capital of INR 1 crore and also raised debt funding of INR 0.75 crore through CJTSME.Currently, the business is bootstrapped. The company also raised total debt of INR 1 crore from the CGTMSE scheme. This is the total capital invested to date. The business is owned by the three co-founders in a shareholding split of 30%, 30%, and 40%.
Recent Activity
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Earlier than 15 daysManaging Partner, Strategic Sourcing Manager, Sharjah, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPresident, Petroleum & Automobile, Los Angeles, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysProject Director, Automotive, Pune, Individual Investor / Buyer connected with the Business
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