EV Components & EV Biz Raising Funds In Himatnagar
About Business
The business operates in the electric mobility sector, focusing on manufacturing EV components and assembling electric two-wheelers and three-wheelers. Sales are conducted through a B2B model using dealer and distribution networks.
Operations and Market Presence
The company is associated with 7 dealers across 3 states and has delivered over 300 vehicles since the commencement of sales. The customer base includes dealers and commercial buyers.
Experience and Capabilities
The business is supported by a team with prior industry experience. Manufacturing and assembly processes are managed in-house by technical staff, enabling quality control and reduced reliance on third-party assemblers. Products are developed considering Indian road conditions.
Product Offering
The product range includes electric scooters, e-rickshaws, and commercial electric vehicles designed for B2B and last-mile applications.
Key Features
Approximate range of 90 km per charge for select models
Charging time of around 5 hours
Low running and maintenance requirements
Zero-emission vehicles
Equipped with tubeless tyres, battery systems, hydraulic suspension, and braking systems
Clientele type
Primarily supplies products through a dealer network, with an established presence across three states.
Premises
The business operates from multiple facilities, including an office space of approximately 23,000 sq. ft., two showrooms measuring around 11,000 sq. ft. and 16,000 sq. ft., and a manufacturing unit spanning about 70,000 sq. ft.
The total monthly rental expense for all premises is approximately INR 1.2 lakh, while the overall monthly salary outflow is around INR 1.5 lakh.
Asking Price Includes
The terms of the transaction will be discussed with the interested investors.
Asking Price
INR 2.00 Cr
Minimum ticket size
INR 2.00 Cr
Reason
The founders are seeking working capital support to meet current operational needs and to drive business expansion.
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