EV Manufacturing Startup Raising Capital In Himatnagar

About Business

This opportunity involves investing in a DPIIT-recognized electric vehicle manufacturing company that has successfully completed the most capital-intensive phase of building an automotive OEM platform. Since its establishment in 2019, the company has focused on product engineering, manufacturing infrastructure, vendor development, regulatory compliance, and real-world vehicle validation.

The business has already deployed more than 40 paid electric vehicles and developed a commercially ready manufacturing platform capable of supporting future scale. Its flagship electric vehicle platform incorporates advanced features such as extended driving range, intelligent battery management, telematics, and low operating costs, making it suitable for commercial mobility applications.

The company has established a robust manufacturing ecosystem supported by proprietary intellectual property, registered trademarks, design registrations, and an experienced vendor network. With the technology and production platform already in place, the business is now entering its commercial scale-up phase and is seeking strategic investment to accelerate growth.

The addressable market includes commercial passenger transport, last-mile logistics, municipal utility vehicles, institutional fleet operators, and future export opportunities across emerging markets. The company is well-positioned to benefit from India's rapidly expanding electric mobility ecosystem.

Clientele type

The company serves and targets:

Commercial passenger transport operators.
Electric auto-rickshaw operators.
Fleet operators and mobility companies.
Municipal corporations and government agencies.
Institutional and corporate fleet buyers.
Export markets across Asia and Africa.

Premises

OWNED

Premise Size: 10000 sq ft

Market Value (in INR): 2.50 Cr

The business operates from an integrated manufacturing facility in Gujarat featuring:

Approximately 10,000 sq. ft. manufacturing space.
Assembly line with automated conveyor system.
Fabrication and welding facilities.
Automotive paint booth with IR oven.
Testing and quality inspection infrastructure.
Storage facilities and labour accommodation.
Existing annual production capacity scalable from approximately 1,000 to 7,000 vehicles.

The manufacturing facility operates under a long-term promoter-supported lease arrangement, ensuring business continuity. The land and building are not included in the proposed valuation.

Asking Price Includes

The proposed investment provides participation in:

Equity in the operating EV manufacturing business.
Market-validated electric vehicle platform.
Proprietary intellectual property, trademarks, and registered designs.
Manufacturing processes, tooling, dies, and engineering know-how.
Established supplier ecosystem and dealer network.
Existing manufacturing infrastructure and future product pipeline.

The promoter-owned land and building remain outside the transaction and will continue to be made available to the business under a long-term lease arrangement.

Asking Price

INR 3.70 Cr

Minimum ticket size

INR 50.00 L

Reason

The company is seeking ₹3.70 crore in growth capital to accelerate its commercial expansion following the successful completion of product development and market validation. The investment will primarily be deployed towards expanding the dealer network, strengthening sales and technical teams, enhancing manufacturing capacity, advancing product development and R&D, increasing marketing initiatives, and establishing NBFC partnerships to provide retail financing solutions. With the core technology, manufacturing platform, and intellectual property already established, the proposed funding will enable the business to scale operations, accelerate market penetration, and capitalize on the rapidly growing electric mobility sector.

Licenses

•GST Registration • DPIIT Recognized Start-up • MSME/Udyam Registration

More Details

Established in 2019.
More than six years of EV product and platform development.
Successfully developed an integrated automotive OEM platform.
Proven commercial validation through paid vehicle deployments.
Strong intellectual property portfolio supporting long-term competitive advantage.
Positioned for rapid commercial expansion with reduced technology risk.