Electrical Vehicles Company Seeking Loan in Reading, United Kingdom
British developed performance-luxury electric sedan under UK's EIS with KIC tax-break of GBP 10 million.
This transaction has concluded.
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 | Reading |
| Local Time | 11:41 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
13.4 million
for
8.0%
annual interest,
5
years
(Native Currency: GBP 10,000,000)
Reason: - Sign contracts with four top automotive British firms to build the display prototype.
- To develo...
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Collateral Available: USD 13.4 million
Interested to connect with advisors
Documents
UK Incorporation Certificate
(234.1 KB)
ROC-Verification.pdf
(73.8 KB)
Business Overview
More than six decades after its founding, the company that developed 'The First Indian Car’ and once built vehicles for Indian 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 around USD 200,000 to be launched in 2027.
The manufacturing base will be in the United Kingdom.
The expected revenue in 2030 is USD 25 billion.
The target price for the entry-level LP model will be around USD 200,000 to be launched in 2027.
The manufacturing base will be in the United Kingdom.
The expected revenue in 2030 is USD 25 billion.
Products & Services Overview
We are in discussions 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 with Munro, Deloitte and many others too.
Assets Overview
The 65-year brand equity, the trademark, developed intellectual property, complete NPD plans, and representation of the First Indian Car via Trust.
Facilities Overview
We are currently working across India and UK.The car will be built in UK for the global market across five regions.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysFounder, Surat, Financial Consultant connected with the Business
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Earlier than 15 daysDirector, London, M&A Advisor connected with the Business
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Earlier than 15 daysIndependent Advisor, Delhi, Business Broker connected with the Business
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