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Newly Established Electrical Vehicles Company Investment Opportunity in Delhi, India

Electric vehicle component manufacturing company seeking financial investment.
This transaction has concluded.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Electrical Vehicles
Locations  Delhi
Local Time 6:41 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 11.2 thousand for 1.0% stake (Native Currency: INR 1,000,000)
Reason: Building a deep tech product, to take it to market validation stage with onboarding 10 OEMs as custo... View More
Includes physical assets worth USD 4.5 thousand
Interested to connect with advisors
Documents
Business Overview
We have soft commitments from two OEMs in the high-performance motorcycle segment and logistic vehicle segment respectively. With our demonstrable prototype, we intend to market the product to gain more traction.
Products & Services Overview
With iCommuteX, our goal is to make the EVs software-defined, revolutionizing the EV ecosystem. Targeting all two-wheeler form factors, iCommuteX integrates the drivetrain electronics with a common software stack through a secure operating system that allows applications to be built on top of it.
Assets Overview
Tangible - Testing equipment, and manufacturing equipment.
Intangible - Software, patent and design registration.
Facilities Overview
- We are currently incubated by DTU IIF and have a garage space of 20 sqm with a seating capacity of 5 people.
- The rent is INR 1,000 per month.
Capitalization Overview
The equity is split equally among two founders.
No debts/loans.
We have bootstrapped the business and also received a government of India grant of INR 7L.
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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