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Newly Established Electrical Vehicles Business Investment Opportunity in Bangalore, India

Seeking Investment: Company offering two-wheeler electric scooters on easy rentals across New Delhi and Bangalore.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 10 - 50
Legal Entity Other
Reported Sales USD 70 thousand
Run Rate Sales USD 64 thousand
EBITDA Margin 20 %
Industries Electrical Vehicles
Locations  Bangalore
Local Time 11:46 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 470 thousand for 13.0% stake (Native Currency: INR 35,000,000)
Reason: The investment is required for: - Expanding fleet size of the vehicle to 15,000. - Penetrating one... View More
Includes physical assets worth USD 130 thousand
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Business Overview

- Our client's company offers two-wheeler electric scooters across New Delhi and Bangalore.

- They have a total of 12 stations in both the cities with over 133 vehicles cumulatively. Each station merely acts as a parking space for these vehicles where users can pick and drop the electric scooters.

- Each scooter is branded under the company's name. Company outsources the manufacturing of these vehicles. These EV bikes are 30 percent cheaper to build than a traditional petrol vehicle which offers a better cost control along with massive expansion power.

- Each bike is booked and unlocked through their mobile application.

- The bike has a capacity to travel up to 70 kilometres on a single battery. However, technicians keep re-charging or replacing the batteries at these stations. Extra sets of batteries are also placed in the storage area of the bikes where the user can simply replace them without any hassle. The life of the battery along with the kilometres it can further travel is displayed to the user in the mobile application.

- Users can rent bikes for a few hours, days, weeks or even months. Charges for short duration rentals are INR 1 per kilometre. The price decreases significantly for long term rentals.

- Last year, the company's bikes have cumulatively traveled over 2 million kilometres with a less than 2 percent damage rate.

- The business is extremely valuable due to the enormous growth potential in the market which would cause a massive value unlock in the future.

- The revenue decreased this year due to the effect of the pandemic. However, the company is on track to surpass its pre-pandemic performance.

Products & Services Overview

Company offers two wheeler electric vehicles on a rental basis across Bangalore and New Delhi.

Assets Overview

Physical assets include:

- 133 two wheeler electric bikes.

- 12 laptops and printers.

Facilities Overview

The business does not have any physical location and all employees are working from home.

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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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