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 From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 600 thousand
EBITDA Margin
20 - 30 %
Industries
Locations
Local Time
10:53 PM New Delhi
Listed By
Business Owner / Director
Status
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
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
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
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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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