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Newly Established Electrical Vehicles Business Investment Opportunity in Surat, India

Company developing an electrical car for intra city mobility seeks financial investment.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Electrical Vehicles
Locations  Surat
Local Time 10:57 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 59 thousand for 10.0% stake (Native Currency: INR 5,000,000)
Reason: We are seeking investment for the technical development of our electric car. Valuation is based on f... View More
Includes physical assets worth USD 295 thousand
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Business Overview
- We are developing a new model of an electric car and currently, are in a concept building phase. We have completed 50% of the product development.
- The vehicle can be used for intracity mobility.
- Our car will have a maximum speed of 55 km per hour and can cover a distance of 200 km per charge.
- Once we are done with product development, we will start manufacturing the cars in our own manufacturing unit.
- We will be able to manufacture 50 cars on a monthly basis.
- The company has only one owner.
- Business has not taken any loans previously.
Products & Services Overview
We are an automobile manufacturer currently working on a new model of an electrical car.
Assets Overview
Physical assets include land with an area of 15 var and 5 manufacturing machines.
Facilities Overview
We have an office and land for a manufacturing unit with an area of 15 var which is owned by the business.
Capitalization Overview
Not Disclosed
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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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