Electric Auto Business for Sale
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This startup is still under developing phase. They are aiming to build Electric Auto Rickshaw which will run on Electricity. They have already built a prototype and tested. They battery is lithium based which charges faster than normal lead acid battery. The Auto has many safety features, high mileage and efficiency. They are expected to price this lower than their competitors.
They have already done a lot of market research in south India and have found more than 80% of market acceptability. The product is almost ready. The full charged battery can run unto 100 Kms. The maximum speed the Auto can run is 50 Kmph. They have already tied up with vendors for parts for E-Auto. They have received verbal commitment from Ola cabs for the order. They have planned for a manufacturing process for the production. The capacity of the plant would be nearly 3000 units per month.
The company is looking for investment of INR 3 crores for development and setup manufacturing plant. They are ready to sell their company also for the asking price of INR 3.80 crores.
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