Electrical Vehicles Company Investment Opportunity in Pune, India
Manufacturers of fully electric 2 and 3-wheelers with annual production capacity of 5,000 units.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Electrical Vehicles |
| Locations | Pune |
| Local Time | 8:06 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
650 thousand
for
20.0%
stake
(Native Currency: INR 60,000,000)
Reason: Funds will be used for investment for design, completion of engineering, the appointment of dealersh...
View More
Includes physical assets worth
USD
71 thousand
Interested to connect with advisors
Documents
COI
(523.9 KB)
ROC-Verification.pdf
(73.6 KB)
Business Overview
- Our products are designed with German technical collaboration, manufacturing fully electric 2 and 3-wheelers.
- Prototypes of two models are ready for production.
- We have outsourced the manufacturing of the parts but the final assembly of the vehicles will be at our facility.
- On an annual basis we can manufacture 5,000 units.
- Within a few years we aim to start a second manufacturing plant in Goa with an annual production capacity of 12,000 units.
- Our products will be sold under our own brand name.
- Customers will be able to order our product in three ways-
- Directly through our website (not in the initial phases of production)
- Through our dealership network (initially we will have a network of 32 dealers)
- Through brand ambassadors (we will give INR 5,000 per order as a commission to the brand ambassadors)
- Currently, the business has two Indian directors.
- The third director will be from Germany and the legal documentation is still in progress. After the documentation they will have a 60% stake in the company and the two Indian directors will have a 40% stake.
- Business does not have any outstanding loans.
- We plan to start the manufacturing process by the first quarter of the next year.
- We project an annual turnover of INR 48 crore with an EBITDA of 22% in the initial year.
- Business is registered in Thane but located in Chakan.
- Prototypes of two models are ready for production.
- We have outsourced the manufacturing of the parts but the final assembly of the vehicles will be at our facility.
- On an annual basis we can manufacture 5,000 units.
- Within a few years we aim to start a second manufacturing plant in Goa with an annual production capacity of 12,000 units.
- Our products will be sold under our own brand name.
- Customers will be able to order our product in three ways-
- Directly through our website (not in the initial phases of production)
- Through our dealership network (initially we will have a network of 32 dealers)
- Through brand ambassadors (we will give INR 5,000 per order as a commission to the brand ambassadors)
- Currently, the business has two Indian directors.
- The third director will be from Germany and the legal documentation is still in progress. After the documentation they will have a 60% stake in the company and the two Indian directors will have a 40% stake.
- Business does not have any outstanding loans.
- We plan to start the manufacturing process by the first quarter of the next year.
- We project an annual turnover of INR 48 crore with an EBITDA of 22% in the initial year.
- Business is registered in Thane but located in Chakan.
Products & Services Overview
We manufacture fully electric 2 wheelers and 3 wheelers. We currently have prototypes of 2 models we plan to launch next year.
Assets Overview
Physical assets include 5,000 sqft factory premises set up with power and water, cars, 2-wheelers, tools, tackles, equipment, furniture, and fixtures.
Facilities Overview
We have a factory on a rental basis with an area of 5,000 sq ft with water and power.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Pune, M&A Advisor connected with the Business
-
Earlier than 15 daysDirector, Engineering, Pune, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysPartner, Investment, Dallas, Individual Investor / Buyer connected with the Business
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