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Electrical Vehicles Company Investment Opportunity in Nashik, India

Business provides an end-to-end sustainable commercial mobility solution for consumers with electric bikes.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 17 million
Run Rate Sales USD 17 million
EBITDA Margin 9 %
Industries Electrical Vehicles
Locations  Nashik
Local Time 10:22 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 3 million for 12.0% stake (Native Currency: INR 250,000,000)
Reason: Ultimate objective is to innovate and instill modularity in multiple modes of automotive solutions a... View More
Includes physical assets worth USD 80 thousand
Documents
Bike Image
Product Photo
Bike Photo
2 Bike Models
Logo
Pitch Deck
Excel Sheet
Business Overview

- Successfully designed and developed 2 EVs within 24 months of inception; One of them is homologated and launched, and the other is to launch on Diwali.

- 10+ unique attachments, including active hot box and cool keep attachment, designed and developed with the patent-pending mechanism of swappability in under 30 seconds.

- 15+ filed design and technology patents and trademarks.

- 25+ national and global B2B clients: Projected order size of 65,000 units in the first year of production.

- Winner of the National Start-up Award in the Transport category; Runner-up of CleanTech Open’s Global Forum; Top finalist in the Altair Startup India challenge;

- First crorepati of Shark Tank India.

Order books of INR 750 crores and INR 150 crores are likely to be completed this year.

Products & Services Overview

Business offers two different bikes:

- One is a high-speed bike with a top speed of 65 kmph and a total payload capacity of 200kg. It has two 1.9kWh portable batteries with a total capacity of 3.8 kWh, providing a range of 140 km on a single charge. The first vehicle in India to have a battery that works as a powerhouse on wheels to power different appliances, with two power outputs of 220v and 12v respectively. It also comes with state-of-the-art telematics and a smartly connected app that provides a centralized dashboard with live holistic information about the vehicle.

- Another vehicle is a low-speed bike with a top speed of 25 kmph, exempted from CMVR registration and license requirements. It has a total payload capacity of 120 kg and a 1.2 kWh portable battery, providing a range of 70 km on a single charge. It comes with a select range of attachments for multiple use cases and is the only bike in its segment with auto headlamps. It has a dedicated IoT enabled app that provides holistic information about the vehicle.

- Both bikes feature Lithium-ion batteries made with NMC chemistry and smart BMS (Battery Management System). The batteries are swappable and can be charged anywhere and everywhere using a standard 3 pin – 5 Amp socket and 15 Amp socket. Bikes have swappable batteries and can run on just one battery as well, while the other is being charged.

Assets Overview

This will be answered after the introduction.

Facilities Overview

Facility information will be provided post introduction.

Capitalization Overview

The company is currently funded by equity and shareholders. And more details will be disclosed after the introduction is made.

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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