Electric Vehicle OEM Biz Raising Funds In Bangalore
About Business
A Bengaluru-based electric vehicle manufacturing company established in 2022 with a mission to deliver affordable, reliable, and purpose-built electric mobility solutions tailored for Indian road and usage conditions.
The company focuses on developing slow-speed electric two-wheelers and utility vehicles designed for practical mobility needs in rural, semi-urban, and last-mile logistics environments. These vehicles operate at a maximum speed of 25 km/h, making them license-free and registration-free, which significantly lowers adoption barriers for users.
The products emphasize safety, affordability, and low operating costs, making them suitable for individuals and businesses that may not have the resources to maintain conventional fuel-powered vehicles.
Clientele type
The company serves multiple market segments, including:
Multi-brand EV dealerships
Fleet and logistics operators
Institutional buyers
Government and public mobility programs
Premises
LEASED
Lease per month (in INR): 35.00 K
Security Deposit (in INR): 1.00 L
Carpet Area: 10,000 sq ft
Current Production Capacity is over 10,000 vehicles per year
Asking Price Includes
Upto 25% equity will be offered to potential investor.
Asking Price
INR 25.00 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The company is currently seeking strategic equity investment to accelerate production capacity and market expansion.
Licenses
Udyog aadhar, Shop Licence
More Details
The company is led by an experienced leadership team with decades of experience in automotive design, manufacturing, and electric mobility development.
The management has previously worked with leading EV manufacturers and automotive companies, bringing deep expertise in:
Electric vehicle product development
Manufacturing processes
Supply chain and component sourcing
EV startup consulting and engineering
The organization currently employs around 20 team members across engineering, manufacturing, and operations.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
Strategic Preparation, Aligned Investor Outreach and Seamless Closure
Supported by Advisors with 26+ Years of Experience