Electrical Vehicles Company Investment Opportunity in Zagreb, Croatia

Industrial R&D and production company having 2 products and is currently developing an electric vehicle.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 1.4 million
EBITDA Margin
16 %
Industries
Locations
Local Time
6:46 AM Zagreb
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 1.4 million for 50.0% stake (Native Currency: EUR 1,200,000)
Reason: As a R&D firm we've invested in research and development for numerous years without return. Since we... View More
Includes physical assets worth USD 400 thousand
Name, Phone, Email
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Business Name
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Business Overview

- Company was founded in 2004 and is an industrial design and production company.

- We invest in R&D and develop products that give us a technological edge in the market.

- Director is a recognized innovator who received the silver medal in the Innova Innovation Fair in Brussels and received a special award from the Ministry of Science and Innovation of Romania.

- Company has already developed 2 successful products for heating and mobile floor heating.

- Our products have evolved from the initial idea to prototype testing to sustainable commercialization.

- Have a full year reported revenue of 1,052,140 EUR for 2017 which was a growth of 148% from 2016 revenue of 423,688 EUR.

- Also, reported earnings of 116,407 EUR in 2017 compared to 9,593 EUR the prior year which is 1,113 % year-over-year growth.

- We promote our services and goods through various online channels, an official website, participation in various fairs and through social media.

- We require funding to start production of a 3 wheel electric vehicle whose R&D was funded by the EU.

Products & Services Overview

Metal machining / custom metal construction, product design, development of electric vehicles. All mentioned products are custom made from initial idea to final product.

Facilities Overview
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Disclaimer: SMERGERS is a 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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