Profitable Electrical Vehicles Business Investment Opportunity in Himmatnagar, India

- Located in Himmatnagar, this business specializes in designing electric autorickshaws, emphasizing energy efficiency and a seamless ownership experience.
- Addressing the massive growth opportunity in India — one of the largest three-wheeler markets globally. By 2030, the Total Addressable Market (TAM) is projected to reach USD 120 billion, with a Serviceable Available Market (SAM) of USD 5.5 billion and a Serviceable Obtainable Market (SOM) estimated at USD 4.5–5.0 billion.
- The company is dedicated to creating zero-emission vehicles, contributing to environmental sustainability and targeting profit maximization for customers through quality materials and cutting-edge technologies.
- With Patented designs and Trade marks from IP INDIA and production capabilities, the business has current manufacturing capacity of 1,000 electric autorickshaws annually, aiming to scale production to between 3,000 and 6,000 units in the future.
- The company serves B2B clients, currently collaborating with 3 dealers to distribute its innovative electric vehicles.
- Currently offering one model, the company plans to expand its product line to include three additional variants, including waste collection tippers designed for B2B Nagar Nigam projects, thereby catering to a broader customer base. The company also envisions future diversification into electric two-wheelers (EV2W) and commercial electric four-wheeler loaders (EV4W).
- All products meet the highest industry standards, ensuring reliability and performance, which enhances customer retention and satisfaction.
- The focus on energy-efficient and environmentally-friendly vehicles positions this business favourably in a growing market, making it an attractive option for investors interested in sustainable technologies.