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Profitable Electrical Vehicles Company for Sale in London, United Kingdom

Profitable, impact-driven, multi-award-winning EV start up building an ecosystem with multiple business verticals.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1 - 2 million
Run Rate Sales USD 4 million
EBITDA Margin 32 %
Industries Electrical Vehicles + 1 more
Locations  London + 1 more
Local Time 8:02 PM Asia / Dubai
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 20 million (Native Currency: AED 73,500,000)
Reason: Selling a profitable electric vehicle start-up: a positive reason for the journey. One of the most ... View More
Includes physical assets worth USD 260 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
Not disclosed
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Business Overview

We enter markets a little more exotic than you may think, which many don’t expect. Compounded this is a very lucrative market strategy.

- 5.8x growth rate YoY in the last 3 years.

- 13.8x growth rate is expected for this year.

- USD 55.7m in signed contracts.

- CaC is USD 18,000.

- ATV is USD 46,000.

- LTV is USD 98,000 (private customers in UAE).

- USD 150m in asset finance secured (UK).

- USD 40m in asset finance secured (UAE).

- USD 450m active pipeline.

- R&D academy secured with leading New York University.

- R&D space program contract secured.

- Assembly plant contract in Sri Lanka (zero CapEx)

- 3 new vehicles ready for production.

- Contract signed with a UK Space Agency for space manufacturing.

The business verticals:

1. Manufacturing with a zero CAPEX network of micro-facilities producing 3,000-10,000 per month.

2. Battery swapping (battery as a service)

3. Fleet of fully owned and operated EV 3PL.

4. App for total fleet and rider management software.

5. Distribution which is our growing network.

6. The business has seen a high growth rate as we have entered into many new contracts this year.

Distribution contracts signed for the following countries:

• UAE.

• UK.

• Sri Lanka.

• Nepal.

• Chile.

• Bahrain.

• Iraq.

• Jordan.

• Ethiopia.

• India.

• An additional 26 countries are in discussion.

Multi-award-winning, with the following awards.

• Sustainable Business of the Year.

• GITEX Future Stars.

• RTA Innovation Week.

• GITEX Scale-Up of the Year.

• Dubai Chamber Market Access.

• Hitachi Innovation (Agorize)

Products & Services Overview

Modular electric 2 and 4-wheeled vehicles with a weighted focus on the last-mile delivery industry.

Private sector electric vehicles:

• Modern classic motorcycle.

• Micro-mobility range.

• Everyday commuting.

• Ebikes.

• Customisable scooters.

Commercial sector electric vehicles:

• Delivery motorcycles.

• Delivery van range.

Product development is constantly evolving with modular design and build.

Who uses them:

Gig-economy delivery workers.

Supermarkets and Grocery.

Fleet Operators.

E-commerce delivery.

Assets Overview

Tangible assets - 14 vehicles.

Intangible assets - IP (trademarks, design, trade secrets), and international distribution contracts (booked revenue) valued at USD 55.7m (3-year rolling contracts).

Facilities Overview

UAE: 1 shop in Dubai.

UAE: 1 office in DIFC (Central Dubai)

UK: 1 office of the holding company in West End, London.

All leased.

The holding company's head office is in London, and the management operates from Dubai.

Capitalization Overview

- We are well capitalized through the profit from our sales.

- Three years ago, we successfully completed a crowdfunding investment of USD 471,000.

- The company has no debt and there are 4 shareholders with the founder owning a majority stake of 72.75% and the rest is owned by 3 individuals and reserved for stock options.

International trademarks are secured.

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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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