Electrical Vehicles Company Seeking Loan in Kothavalasa, India

- Strategic location: Based in Visakhapatnam, the company is well-positioned to cater to the rising demand for electric vehicles (EVs) in the Indian market, enhancing logistical capabilities and distribution efficiency.
- Diverse product portfolio: Specializes in manufacturing both two-wheeler and three-wheeler EVs, including low-speed and high-speed two-wheeler models, as well as EV autos specifically designed for street vendors, meeting diverse consumer needs.
- Robust order pipeline: Currently boasts a significant pipeline with 10,000 vehicles on order, indicating strong market demand and business growth potential.
- In-house manufacturing capabilities: Involved in the complete production process from battery manufacturing to assembling end products, ensuring quality control and reduced dependency on external suppliers.
- Targeting fleet management sector: Actively deploying vehicles in fleet businesses and planning to enhance revenue through B2B fleet management solutions, a strategic move to capture a larger market share.
- Sales volume: Secures approximately 500 new vehicle orders monthly, indicating consistent customer interest and market presence despite seasonal dips in dealership partnerships and competitive pressures.
- Employment model: Employs a flexible workforce strategy by hiring part-time employees during peak seasons (October to December), optimizing operational efficiency and cost management during high demand periods.