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Electrical Vehicles Company Investment Opportunity in Pune, India

Electric vehicle startup company building electric vehicles based in Pune.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 260 thousand
Run Rate Sales USD 830 thousand
EBITDA Margin 20 - 30 %
Industries Electrical Vehicles
Locations  Pune
Local Time 1:11 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 1.4 million for 30.0% stake (Native Currency: INR 120,000,000)
Reason: - Business expansion. - Prototype development. - Certifications and awards. - In-house unit setup... View More
Includes physical assets worth USD 4.05 million
Interested to connect with advisors
Documents
Business Overview
- 2-year-old company in electric vehicle manufacturing and assembly in Pune, Maharashtra.
- Currently having 1 Low-speed and 2 High-speed vehicles and 2 cycles in the product line.
- Working on an electric bike and also will launch an Electric Riksha very soon time.
- We have tie-ups with OEMs for part manufacturing and assembly will be done in-house.
- Mass product can start within 3 months of fundraising.
- Ready to design and develop an in-house prototype for one of our running models.
- Sold 300+ vehicles till now without an investment.
- There is very less competition for us in India.
- Founder having 7+ years of experience.
- We have a total number of 30 dealers across Maharashtra and expanding more with the High-speed model.
- We have a good industry network to fulfill the requirement.
- We have Startup India and ISO certifications with us and have recently been awarded the 'Pune Entrepreneur' Award.
Products & Services Overview
Products are electric scooters, electric cycles, electric riksha, and electric bikes. We distribute our products through a B2B distribution channel by appointing Distributors and Dealers at specific locations.
Assets Overview
Tangible assets include product stock.
Intangible assets include our distribution channels and, manpower.
Facilities Overview
- Office is rented and has an area of 1,500 sq. ft.
- Mini assembly plant is rented and has an area of 4,000 sqft.
Both are located in Pune.
Capitalization Overview
The business is funded by the shareholders.
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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