Need help?

Electrical Vehicles Company Seeking Loan in Cardiff, United Kingdom

Manufacturer of the first Indian car to build performance-luxury EV sedan in UK.
This Business is on a Premium Plan
Established 60-70 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Electrical Vehicles
Locations  Cardiff
Local Time 2:14 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 1.4 million for 5.5% annual interest, 5 years (Native Currency: GBP 1,000,000)
Reason: We are in the process of securing the engagement letter from the Canadian main funder (USD500mn). Th... View More
Collateral Available: USD 1.4 million
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Documents
Business Overview

More than six decades after its founding, the company that developed the ‘First Indian Car’ and once built vehicles for royalty has revealed a new electric car progeny. The car will reflect the company’s legacy and is a culmination of dreams stitched together over three generations.

The target price for the entry-level LP model will be under USD 200,000.

The car will launch on February 23, 2026.

Manufacturing base will be in Wales, United Kingdom.

Indian unit is for specific parts exports, software, backend and import of the cars for local sale.

Expected revenue in 2030 is 25bn.

Products & Services Overview

We have tied-up with the following UK partners for our initial development:

Williams Advanced Engineering (an off-shoot of Williams F1 Group),

Frank Stephenson Design, and Elevenci (one of the top auto consultancies). We are signing up Deloitte and many others too.

Assets Overview

The 65-year brand equity of AA, the trademark of AA, developed Intellectual Property, complete NPD plans, and representation of the First Indian Car via Trust.

Estimated current value USD14.5mn (OTR via Morgan Stanley).

Facilities Overview

We are currently working across India and UK.

The car will be built in UK for the global market across five regions.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

27 Investors already contacted this Business.
Register below to connect now!

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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more