Electric Car Startup Looking for Investment in Gurgoan
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This startup is still under developing phase. They are aiming to build four wheeler fuel engine which will run on Electricity. They have already built a prototype and tested. They are expected to price this lower than their competitors. They have good longer battery life which is much better than the competitors and cheaper. Apart from that company has built product and technology which will work as battery saver.
They have made many Products and sensors to Recover power loss during:
• By attaching Gear between the clutch & turbine
• Putting Mechanical System that is about magnetic Turbine lace
• Attaching breaking turbine in car breaking system
• Engaging and disengaging of multiple motors
They have planned lean manufacturing processes for the different products and sensors. Additionally they want to set up Research and development centre. They have 3 board members, 3 in accounts and admin department, 5 sales and service support and experience core team for R&D.
They can change normal any fuel based cars to electric car. Apart from that they can also change an electric car to perform much better by installing their products and sensors. They have successfully tested on Maruti 800 and Hyundai Getz.
This start up requires investment of INR 4 crores for setting up production unit for manufacturing for its products and sensors.
Reason
Product Development
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₹10 to ₹200 Cr
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