Newly Established Electrical Vehicles Company Seeking Loan in Jakarta, Indonesia

- A mobility company offering EV motorcycle managed services.

- Operations started just 3 months back.

- We source fuel-based motorcycles from 60 brand dealers across Indonesia, convert to EVs in our assembling plant and are sold to clients.

- Targeted market is B2B and B2G.

- Currently, our market is only B2B and we have 3 industrial clients.

- Revenue is generated by offering subscription contracts, which is valid for 2 years and we supply vehicles on monthly basis.

- Sold over 2,000 vehicles since inception and planning to sell 3,000 by December 2023.

- There are 15 permanent employees and additionally, we have a 10 to 15 contract employees.

- Projecting an annual turnover of USD 800k and profit margins of >40% by next year.

Conversion of fuel-based motorcycles into EV vehicles.

Sold to B2B and B2G markets - industrial clients.

Physical assets include fleet of 200 vehicles and other office and assembling equipment.

Rented office and assembling plant in South Jakarta.

The business funding is bootstrapped and owners funded the operations fully.

Currently there are 3 shareholders holding 50%, 40% and 10%.