Newly Established Electrical Vehicles Company Seeking Loan in Pune, India

Business planning to rent out and sell electric bikes in Pune, require funds to start operations.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
10:45 PM Pune
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 13 thousand for 10.0% annual interest, 2 years (Native Currency: INR 1,000,000)
Reason: To purchase 20 bikes from manufacturer and to finish developing mobile application.
Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- An electric bike business based in Pune, that started operations in 2019.

- Business is still in the pre-revenue phase.

- We will be renting out the electric bikes as well as selling them in the B2B and B2C market.

- The bikes are procured from a single electric bike manufacturer.

- Our business is an authorized dealer for this manufacturer.

- We intend to set up 10 docks around Pune. Each dock will have 5 electric bikes.

- Currently developing a mobile application which will allow users to rent electric bikes from the nearest dock.

- Require funds to purchase 20 bikes initially and start business.

Products & Services Overview

Business plans to rent out and sell electric bikes in the B2B and B2C market.

Facilities Overview
Recent Activity
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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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