Electrical Vehicles Company Investment Opportunity in Nashik, India
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 700 thousand|
|Run Rate Sales||USD 1.2 million|
|EBITDA Margin||21 %|
|Local Time||12:23 AM Asia / Kolkata|
|Listed By||Advisor / Business Broker|
- 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.
Currently have two models of two-wheeler electric scooters.
Currently an asset lite company that has invested about INR 25 lakhs in assets required to assemble the electric 2-wheelers.
The company has a warehouse in Nashik, Maharashtra. This is an assembly unit and parts are sourced from third parties.
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%.
Earlier than 15 daysProject Head, Infrastructure, Delhi, Corporate Investor / Buyer connected with the Business
Earlier than 15 daysDirector - Engineering, IT Services, Hyderabad, Individual Investor / Buyer connected with the Business
Earlier than 15 daysDirector Of Business Development, Hygiene Products, New Delhi, Corporate Investor / Buyer connected with the Business