Aspirational EV Export Startup Raising Funds In Chennai

Listing ID: SL015770
Posted By: Owner
Last Active: 1+ year ago
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About Business

They intend to launch a trading enterprise specializing in electric bikes, three-wheelers, tractors, boats, and retrofit kits for the African market. Furthermore, they have ambitions to initiate in-house manufacturing of these products.

Clientele type

They have successfully secured a monthly order of 100 vehicles from an African importer.

Premises

They have established partnerships with 2-3 manufacturers who will provide white-labeled products, allowing these items to be marketed under their own brand name and subsequently exported to Africa through their distribution network.

Asking Price Includes

They will offer profit share in the business, and the percentage will be discussed with the potential investors.

Reason

In this round of funding, They are seeking funds to get the orders from the supplier and export it to the buyer.

More Details

One partner brings over 20 years of specialized experience in the electric vehicle field, overseeing operations. The other partner boasts over two decades of expertise in marketing and sales. Additionally, the promoter has accumulated 3 years of valuable experience as a quality engineer at a major two-wheeler manufacturing company.

Their goals are business development in two phases:
Phase - I

--Establishing the Company
--Setting Up Offices in Chennai and Togo/Benin
--Securing Suppliers with Optimal Cost-efficiency

Phase - II

--Establishing a Warehouse and Factory in Chennai
--Triggered by Reaching a Monthly Export Volume of 500 Vehicles

Business Tags

Aspirational EV Export Startup Raising Funds In Chennai

₹10 to ₹200 Cr

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