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Electrical Vehicles Startup Investment Opportunity in Bangalore, India

Seeking Investment: Company offers charging stations for electric vehicles using their patented technology and software.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 65 thousand
EBITDA Margin 25 %
Industries Electrical Vehicles + 1 more
Locations  Bangalore
Local Time 4:04 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 900 thousand for 20.0% stake (Native Currency: INR 70,000,000)
Reason: The proceeds from the investment will be used for: - Purchase more manufacturing equipment and ramp... View More
Includes physical assets worth USD 270 thousand
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Business Overview

- Our company sets up a network of electric vehicle charging stations and manages them for 2 wheeler and 3 wheeler users, working with charging point operators.

- We design and manufacture EV chargers at our own facility using our patent-pending design, proprietary software, and technology.

- We have developed 2 versions of EV chargers - one, suitable for residential apartments, commercial, corporate and industrial segments (3-socket, 4G-LTE/Wifi enabled) and second, for independent households (1-socket, BlueTooth enabled).

- The charging stations are manufactured at our in-house facility. We are producing around 100 stations every month.

- Our charging station has the capacity to charge up to 3 vehicles at one given time. The charging time for each vehicle is between 2 to 3 hours depending on the battery capacity. We are utilizing 100 percent production capacity.

- We sell our charging units through two channels: selling them directly to distributors who further sell them to consumers. We have 3 to 4 such distributors and the consumers are "commercial spaces" like restaurant owners, mall owners, or individual homeowners who want a personal charging station at their respective facilities.

- Another channel we sell our charging units through is by establishing partners across the country. We sell the unit to our partner who now owns the charging station and installs it at residential apartments or corporate/industrial campuses.

- Currently, we have 8 partners who have installed charging stations at 8 different locations across Bangalore. Each station receives about 10 to 15 users daily.

- Every partner charges a fixed price of INR 15 for every hour of usage from each consumer who uses the charging station.

- The company generates revenue through multiple channels: selling the charging units to the distributors and partners, proceeds from the revenue sharing scheme with the partner along with a tech-support fee if the consumer requires any kind of technical support.

- There is an even split between the revenue generated through the partners and distributors.

- Our company is extremely valuable because of our proprietary and patented technology along with enormous growth potential in the industry.

Products & Services Overview

Our company manufactures charging stations for two-wheeler and three-wheeler electric vehicles using our patented technology and software.

Assets Overview

Physical assets include:

- Company-owned office.

- Inventory of finished products and raw materials.

- Manufacturing equipment.

- Furniture and interiors.

Facilities Overview

- The business runs operations from a company-owned office spread across 1,000 sq. ft.

- The company has another facility spread across 1,000 sq. ft. that is rented which is used for research & development and manufacturing.

- Both the facilities are in Bangalore, Karnataka.

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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.
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