Electrical Vehicles Company Investment Opportunity in Bangalore, India

- Business plans to start manufacturing electric two-wheelers (bikes).

- Business is in the pre-revenue stage.

- The prototype of the product is ready and tested.

- We plan to start manufacturing this year.

- Product has been developed by a team of 7 people out of which one has worked with HAL and one of the directors has led a team that was a semi-finalist in the innovation design challenge by IIM.

- There are 3 partners in the business with 47.5%, 47.5%, and 5% shareholding.

- We have crossed the pre-seed funding stage. Angel investor has funded INR 35 lakhs for a 3% stake.

- Our company is valued at INR 10 crore by just in investment side.

- We acquired 3 patents under the company name.

- After seed funding, we will be in our battery manufacturing abilities and we will be partnering with 3-wheelers and a truck manufacturing company for drive train technology.

The business plans to start manufacturing of electric 2-wheelers (bikes). The prototype is ready and also road tested, marketing and awareness of brand is activated.

- The business has 3 patents valued at INR 8 crore.

- The business s& marketing strategy is ready.

- Seeking seed funds to enter the EV market and will be able to self-sustain by 6 months of sales.

- Assets include prototypes and molds.

We have rented a factory in RC Puram, which is the R&D unit of our company.

We have been funded by our angel investor for the ask of 35lakhs for a 3% stake.

We are seeking seed funding which is INR 50 crores for a 20% stake.

By the infusion of the seed fund, we will be in the market and follow the revenue, by 6 months of entering the market, we will be self-sustained.