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Electrical Vehicles Company Investment Opportunity in New Delhi, India

Automotive company specializing in commercial electric vehicle design, development and manufacturing having a pan-India dealer network.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 570 thousand
EBITDA Margin 20 - 30 %
Industries Electrical Vehicles
Locations  New Delhi
Local Time 12:24 AM New Delhi
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Investment
USD 2 million for 20.0% stake (Native Currency: INR 150,000,000)
Reason: For Working capital, completing current orders, scaling up the operation and for getting the approva... View More
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Manufacturer of Commercial Electric Three Wheeler, E-rickshaws and E-carts.

- Have our manufacturing unit in Delhi.

- We are also OEM manufacturing partner for a reputed automotive company with an exclusive arrangement.

- Approved by ICAT and sold more than 2,500 units till date.

- Promoters and the core team comprises of automotive experts who have worked with Honda Japan, Volvo-Eicher, Suzuki and Faros Simulations.

- Have 4 company owned showrooms apart from dealer network.

- The India electric three-wheeler market is predicted to grow at 45.2% CAGR between 2018 and 2024 in terms of fleet size.

- Government has recently announced to remove the registration tax from electric vehicles in order to form an alternative transport system to curb vehicular emissions.

- Looking for investment to enhance the operations and to develop a fully functional prototype of VP2 (Vehicle) and hire experienced and skilled individuals for handling the respective departments.

Products & Services Overview

Commercial Electric Vehicle, E-rickshaw, E-cart, Mechanical design services, Utility Three wheeler, Electric 3-Wheeler.

Facilities Overview
Recent Activity
  • Earlier than 15 days
    Executive Director, New Delhi, Financial Consultant connected with this business
  • Earlier than 15 days
    MD, Delhi, Financial Advisor connected with this business
  • Earlier than 15 days
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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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