EV Company Raising Funds In Pune
About Business
The company develops EV conversion kits that turn existing fuel vehicles into electric ones, offering a cost-effective and scalable solution for sustainable mobility.
Validation and Deployments
Its technology has been tested by the Indian Army, used for off-road training with BSF, and supplied as unmanned EVs to a leading national defense research body. Taxi prototypes for cars and vans are ready, with a premium fleet under development.
Key Market Opportunity
Wildlife tourism presents a major demand segment, with over 50,000 safari vehicles operating across national parks and sanctuaries. Tourists prefer EVs due to quieter rides and significantly lower daily operating costs.
Policy Support
Government regulations increasingly mandate EV use in forest regions to protect wildlife, and neighboring countries like Nepal and Bhutan have launched national EV transition policies.
Impact Potential
EV conversions reduce fuel logistics, support local mobility, improve access to forest-based products, and enhance transportation for communities. The company is well-positioned to scale across tourism, defense, and commercial transport sectors.
Clientele type
Off road vehicle, on road vehicles, and non automotive vehicles. They have a dealer network pan India as well as overseas in countries like Saudi Arabia, Bhutan, Nepal and South Africa.
Premises
The premises are leased.
Asking Price Includes
The terms of transaction will be discussed with potential investors
Asking Price
INR 5.00 Cr
Minimum ticket size
INR 2.00 Cr
Reason
Expansion of the business as there is hue market potential.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
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