Electrical Vehicle Business Investment Opportunities

Electric mobility company manufacturing personal electric two-wheelers, with planned expansion into battery pack manufacturing and metal fabrication. - Designs and manufactures electric two-wheelers focused on ride quality, smooth performance, silent operation, and customer comfort. 60% in-house manufacturing. - Products are sold through a network of dealers and direct sales, primarily across South India. - Current production capacity is 2,000 electric two-wheelers per month in a single shift, with approximately 5% utilization, providing significant growth potential. - Has an established dealer network comprising four active dealers supporting product distribution. - Battery pack manufacturing unit is scheduled to commence operations with a planned production capacity of up to 50 battery packs per day. - Also plans to leverage its existing facility to launch a metal fabrication unit, creating additional revenue streams and supporting vertical integration. - Led by a promoter with prior experience at Tesla, bringing expertise in electric vehicle technology and product development. - Registered approximately 8 years ago, with commercial operations commencing this year, and is expected to achieve profitability by the end of the year. - Holds a CMVR license, enabling compliant manufacturing and sale of electric vehicles.

Developed an innovative three-wheeled electric scooter based on Universal Design Principles, focused on safety, stability, and accessibility. - Founded and led by a team with expertise in automotive engineering, supply chain management, marketing, finance, and mobility solutions. - Successfully completed product development, testing, and validation, with over ₹1 crore invested in product development and market validation. - Design patent granted for our distinctive design and innovation. - Incubated and supported by leading innovation ecosystems including National Institute of Design and NDBI. - Recipient of support and recognition from StartupTN. - Established relationships with industry stakeholders across manufacturing, financing, charging infrastructure, and fleet mobility sectors. - Engaging with potential strategic partners in fleet operations, EV financing, and charging infrastructure to accelerate market adoption. - Positioned to address a large underserved mobility segment through a differentiated, safety-focused electric vehicle platform.

• Electric mobility and fleet management company operating across Kenya, Rwanda, Burundi, and the Democratic Republic of Congo. • Provides electric bikes and electric trucks through direct sales and financing-partner-supported acquisition models. • Offers subscription-based fleet management solutions including analytics, maintenance support, vehicle monitoring, and uptime guarantees. • Generates revenue through vehicle sales, fleet management subscriptions, logistics and delivery services, training programs, battery services, spare parts sales, and digital merchant integration. • Delivers logistics and last-mile delivery solutions for SMEs, merchants, and commercial platforms across underserved markets. • Provides professional rider, technician, and vendor training programs to improve safety, service quality, and operational efficiency. • Operates an integrated ecosystem combining electric vehicles, fleet technology, maintenance, training, financing access, and merchant onboarding. • Supports battery swapping, charging services, accessories, and spare parts distribution to improve vehicle uptime and affordability. • Offers WhatsApp-enabled digital storefront integration, allowing merchants and vendors to access delivery and mobility services more efficiently. • Addresses a large market opportunity driven by millions of informal vendors lacking reliable and affordable delivery infrastructure and widespread shortages of professionally trained riders. The business is currently focused on product development and has seen a drop in its sales. • Utilizes an asset-light growth strategy supported by off-balance-sheet financing partnerships, enabling rapid fleet deployment while minimizing capital-intensive ownership risks. • Benefits from IoT-enabled fleet management capabilities, creating operational visibility and performance tracking across deployed vehicles. • Positioned at the intersection of electric mobility, logistics, financial inclusion, and workforce development. • Business model aligns with sustainability, youth employment, women empowerment, climate-positive transportation, and SME growth initiatives. • Differentiates itself through a full-service ecosystem approach rather than focusing solely on vehicle manufacturing or distribution. The business holds a certificate of incorporation.

• Electric mobility and fleet management company operating across Kenya, Rwanda, Burundi, and the Democratic Republic of Congo. • Provides electric bikes and electric trucks through direct sales and financing-partner-supported acquisition models. • Offers subscription-based fleet management solutions including analytics, maintenance support, vehicle monitoring, and uptime guarantees. • Generates revenue through vehicle sales, fleet management subscriptions, logistics and delivery services, training programs, battery services, spare parts sales, and digital merchant integration. • Delivers logistics and last-mile delivery solutions for SMEs, merchants, and commercial platforms across underserved markets. • Provides professional rider, technician, and vendor training programs to improve safety, service quality, and operational efficiency. • Operates an integrated ecosystem combining electric vehicles, fleet technology, maintenance, training, financing access, and merchant onboarding. • Supports battery swapping, charging services, accessories, and spare parts distribution to improve vehicle uptime and affordability. • Offers WhatsApp-enabled digital storefront integration, allowing merchants and vendors to access delivery and mobility services more efficiently. • Addresses a large market opportunity driven by millions of informal vendors lacking reliable and affordable delivery infrastructure and widespread shortages of professionally trained riders. The business is currently focused on product development and has seen a drop in its sales. • Utilizes an asset-light growth strategy supported by off-balance-sheet financing partnerships, enabling rapid fleet deployment while minimizing capital-intensive ownership risks. • Benefits from IoT-enabled fleet management capabilities, creating operational visibility and performance tracking across deployed vehicles. • Positioned at the intersection of electric mobility, logistics, financial inclusion, and workforce development. • Business model aligns with sustainability, youth employment, women empowerment, climate-positive transportation, and SME growth initiatives. • Differentiates itself through a full-service ecosystem approach rather than focusing solely on vehicle manufacturing or distribution. The business holds a certificate of incorporation.

Operates an electric vehicle business focused on assembly of fully electric three-wheelers. - Offers multiple vehicle variants including passenger carriers, loaders, and delivery vans. - Currently at pre-revenue stage with inventory ready for sale but no active marketing initiated. - Follows an asset-light model with manufacturing outsourced and in-house assembly operations. - Positioned in the growing electric mobility segment with potential for scale through distribution and sales activation. - Business operations currently limited to assembly and product readiness. - Registered with the Ministry of Corporate Affairs (MCA), ensuring legal compliance.

The company is an EV charging infrastructure development firm. - We commenced operations this year and therefore do not have prior-year revenue to report. - The company currently operates two EV charging outlets and has more than five additional projects under development. - Our revenue model is diversified. - First, we earn revenue directly from our owned charging outlets when vehicles charge at our stations. - Second, we execute EV charging station development projects where partners provide the land and financing, and we charge based on the project requirements. - Third, when partners provide only the land, we facilitate financing and operate the stations under a revenue-sharing model. - Our EV charging stations support capacities starting from 30 kW and can scale up to 1 megawatt, depending on project requirements. - Under revenue-sharing arrangements, we charge ₹1.5 per kWh. - The revenue figures provided are projected for the current financial year once the 5+ projects under development are operational. - The company develops both EV charging hardware and software. - We are also building our own OCPP-based application for charger management and operations. - The company has three permanent employees who manage marketing and day-to-day operations. The charging stations are fully automated and do not require on-site staff. - The company is registered as a private limited entity and holds GST and MSME registrations.

Our company is a DPIIT-recognized EV start-up that has completed the highest-risk phase of building an AI-enabled Automotive OEM Platform and is now entering Commercial Scale-up. Unlike many EV start-ups that are still developing concepts or prototypes, our company has already completed the most difficult, capital-intensive phase of Platform Creation. Historical financials-primarily represent the Platform Creation Phase, during which we Prioritized platform creation over aggressive revenue generation. Revenue: ₹0.16 Cr ► ₹0.68 Cr ► ₹0.82 Cr (CY) ► ₹15.94 Cr (Forecasted) ► ₹91 Cr (Forecasted) ► ₹196 Cr (Forecasted). EBITDA: -₹0.14 Cr ► ₹0.22 Cr ► ₹0.24 Cr (CY) ► ₹4.48 Cr (Forecasted) ► ₹30.08 Cr (Forecasted) ► ₹67.60 Cr (Forecasted). EBITDA%: NA ► 27% ► 30% (CY) ► 28% (Forecasted) ► 33% (Forecasted) ► 34% (Forecasted) ____________________________________________________________________ Historical financials primarily understate the business opportunity because it represent the Platform Creation Phase, while projected financials represent the Commercial Scale-up Phase. Commercial Scale-up Strategy: -Dealer-Expansion+NBFC Retail Tieup+Manufacturing Utilization+Products-Expansion+Future Recurring Revenue. Our Revenue Projection Logic- Easy explanation: - -------------------------------------------------- Passenger EV Sales. 20 Dealers (within 1.5 to 3 years) × 6 EVs/Month. × 12 Months. = 1,440 EVs. × ₹3.0 Lakh/Vehicle. = ₹43 Cr. Loader EV Sales. 20 Dealers. × 3 EVs/Month. × 12 Months. = 720 EVs. × ₹3.5 Lakh/Vehicle. = ₹25 Cr. GeM Opportunity. 1,500 Garbage EVs. × ₹2.0 Lakh/Vehicle. = ₹30 Cr. ══════════════════════ Total Potential ≈ ₹68 - ₹98 Cr annual Turnover. Current Business Readiness: - ------------------------------ ✔ Product Developed. ✔ Market Validated. ✔ Manufacturing Platform Ready. ✔ Commercial Scale-up Ready. Most importantly, through actual FIELD EXECUTION, we have identified the key execution difficulties-bottlenecks which. Are Commercial & Execution related—not technological-which are practically, temporary and fully solvable. Future Platform Expansion: - --------------------------- The same Automotive OEM Platform will support future Passenger EVs, Loader EVs, Municipal EVs, EV2W, Connected Mobility and AI-SaaS, EV4W (as per market demand) creating multiple products and recurring revenue opportunities. WHY INVEST NOW? -------------------- The company is currently raising ₹3.70 Cr against 20% Equity. Growth Capital will accelerate Dealer Expansion, NBFC Buyer Financing, Manufacturing Scale-up, Product Portfolio Expansion, Technology Enhancement and Working Capital. THE INVESTMENT OPPORTUNITY: - ------------------------------------ The Hardest Part Has Already Been Completed. --------------------------------------------------- Product Developed→Market validated→Manufacturing Platform Ready→Commercial Scale-up Ready→ Execution Bottle- necks Identified (which are temporary & fully solvable). So, Growth Capital Infusion creates→Commercial Scale-up → Multi-fold Revenue Growth → Higher Enterprise Value →Investor Wealth Creation. Potential investor exit opportunities include: - --------------------------------------------- * Strategic acquisition by an automotive or EV company. * Future private equity or growth funding rounds. * Strategic corporate partnerships. * Potential IPO (subject to business performance and market conditions). * Promoter buyback or other mutually agreed exit mechanisms. ILLUSTRATIVE ENTERPRISE VALUE POTENTIAL: - (Illustrative valuation based on projected operating performance and indicative EV/EBITDA transaction multiples. ) Financial Year Projected EBITDA Illustrative Enterprise Value. ------------- ------------------ ----------------------------- FY29 ₹30.08 Cr ₹150–180 Cr (5x–6x EBITDA) FY30 ₹48.62 Cr ₹243–292 Cr (5x–6x EBITDA) Revenue Model: - Direct sales, Mainly B2B2C and B2G model with future Recurring model of SaaS. Market Analysis: - India's Electric Three-Wheeler industry is among the world's fastest-growing commercial mobility markets, driven by rapid EV adoption, supportive government policies, expanding EV infrastructure, and increasing demand for intelligent, low operating-cost transportation. The Total Addressable Market (TAM) exceeding ₹40,000 Crore by 2030, creating a significant long-term opportunity for technology-driven commercial EV manufacturers. Unlike conventional manufacturers focused on a single vehicle, our company is building a scalable AI-enabled Automotive OEM Platform. The same manufacturing infrastructure, engineering platform, AI-BMS, telematics architecture and supply chain are designed to support Passenger EVs, Loader EVs, Municipal & Institutional EVs, Two-Wheelers, Connected Mobility and future AI-SaaS, enabling multiple products, multiple revenue streams, recurring revenues and long-term operating leverage from one common platform. The company's primary competitors include Bajaj RE Tec 9.0, Mahindra Treo Plus and OSM Stream City Qik. While these companies benefit from established brands and dealer networks, our business differentiates itself through superior value creation rather than price competition. Key Competitive Advantages: - ------------------------------ 220 km Driving Range (which eliminates mileage anxiety) 4-Hour Fast Charging. AI-enabled Battery Management System (AI-BMS) Cloud-based Telematics & Fleet Connectivity. Remote Immobilizer & Geo-fencing. Future Predictive Maintenance Platform. Hill Hold Assist. Robust Full-Metal Body Construction. Rear Side Dicky – First time in India in this Segment. Approximately ₹0.50/km Operating Cost, delivering a significant Total Cost of Ownership (TCO) advantage for commercial operators. Future growth will be driven by Connected Mobility, Fleet Intelligence, AI-SaaS, AMC and Fleet Data Analytics, strengthening recurring revenue potential and long-term enterprise value. Investment Perspective: - ------------------------- The validated Automotive OEM Platform, differentiated technology, scalable manufacturing infrastructure and identified "Execution Roadmap" position our business to participate in India's accelerating EV transition while creating long-term value through commercial scale-up rather than product development.

Product range: CNG, Diesel, and Electric three-wheelers in the L3 & L5 segments. - Utilized capacity: 1,200 to 1,300 electric rickshaws per month and 200 ICE vehicles per month. - Distribution: 200+ dealers across India, ensuring wide market reach. - Sales track record: 100,000+ vehicles sold, with strong home-state dominance. - Revenue model: Vehicle sales, repeat demand, after-sales service, and financing tie-ups. - Profitability: Proven, profitable operations with sustainable margins. - Experience: 15+ years of promoter expertise in three-wheeler manufacturing. - In-house finance company: Provides customer financing, boosting sales and enabling recurring income. - Brand strength: Reputed and trusted brand with an established customer base. - Relationships: Strong dealer and financial partnerships driving growth. - Employees: In addition to permanent staff, we hire up to 150 contract employees. - Registrations & certifications: Private Limited company, ISO 9001:2008 certified, GST registered, and all vehicles ARAI-approved.

Business offering EV charging software, equipment distribution, and installation services for residential and commercial sectors. - Acts as a distributor for EV charging hardware, serving buildings, fleet operators, and real estate developers. - Provides turnkey setup and support, including installation and maintenance. - Currently operates 10 EV charging stations across commercial and residential buildings on a profit-sharing model. - Serves 6–7 active clients, with ongoing discussions for expansion. - Losses driven by overhead costs; business expects to reach EBITDA positive by the end of the current financial year through increased station deployment. - Registered with MCA and holds a valid GST certificate. - The company is registered in Delhi and operates from Noida.