EV Two-Wheeler MFG Raising Funds in Nellore, Andhra Pradesh
About Business
Electric Scooter Import and Distribution Business Seeking Investment
About the Business
An established electric two-wheeler company engaged in importing, assembling, and distributing electric scooters across South India is looking for investment to expand its operations.
Operations
The business operates its own manufacturing and assembly unit in Nellore, supported by a rented warehouse for storage and logistics. The scooters are imported from China, assembled in India, and sold under the company’s own brand.
Dealer Network
The company has a network of five active dealers located in Hyderabad, Vizag, Vellore, Rajahmundry, Tirupati, and Manalagonda.
Performance
To date, the business has sold more than 500 electric scooters, showing consistent demand and a growing presence in the EV two-wheeler market.
Purpose of Investment
The promoter is seeking funds to expand production capacity, increase the dealership network, and strengthen marketing and brand visibility in new regions.
Clientele type
The primary clientele includes authorized dealers and end users who purchase the electric scooters directly through the company’s sales network.
Premises
LEASED
Lease per month (in INR): 40.00 K
Security Deposit (in INR): 5.00 L
Carpet Area: 1,000 sq ft
Asking Price Includes
The owner is willing to offer a 15–20% equity stake, depending on the size of the investment.
Asking Price
INR 30.00 L
Minimum ticket size
INR 25.00 L
Reason
The founders are seeking a suitable investor to support the business expansion.
Keywords
Business Tags
₹10 to ₹200 Cr
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