EV Two-Wheeler Maker Raising Funds in Andhra Pradesh
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About Business
Company Overview
Established in March 2021 and headquartered in Andhra Pradesh, this electric mobility venture is actively contributing to India’s growing EV ecosystem. The company focuses on designing and assembling electric two-wheelers along with core components like batteries and other EV accessories. All operations are fully compliant with regulatory standards under the Ministry of Corporate Affairs.
Proven Traction in the Two-Wheeler Segment
With a strong presence in the electric two-wheeler space, the company has successfully sold over 1,000 units across India. Its current distribution network includes 20 active distributors, primarily covering Tamil Nadu, Andhra Pradesh, and Telangana. The vehicles are assembled at company-owned facilities located in Visakhapatnam and Rajahmundry, with key components sourced from trusted partners in China.
Each model is designed for efficient urban mobility, offering:
- Range: 60 to 120 km per charge
- Top Speed: 40–45 km/h
- Features: LED lights, LCD displays, reverse gear, USB ports, anti-theft systems, and alloy wheels
To support its users, the company has rolled out 200+ charging stations and offers one year of free service with every vehicle purchase.
Expansion into Public Transport (Electric Four-Wheeler)
Building on its success, the company is now preparing to enter the electric four-wheeler segment. A prototype for a public transport vehicle (targeted for passenger movement) has already been developed and is scheduled for testing next month. The expected price point is around ₹5 lakhs, making it a highly affordable solution for urban and semi-urban mass transit.
Strategic Vision & Partnership Opportunity
The founders bring deep insight into the automotive and EV manufacturing space and are now seeking strategic collaborations to launch the four-wheeler model within this calendar year. The vision is to create reliable, cost-effective, and sustainable mobility solutions that address the growing demand for EVs in both personal and public transport categories.
Clientele type
The main clients include urban commuters, last-mile delivery operators, EV distributors, and public transport service providers seeking affordable and sustainable electric mobility solutions.
Premises
OWNED
Premise Size: 3000
Market Value (in INR): 4.00 Cr
Asking Price Includes
The terms of the transaction will be discussed with the potential investors.
Asking Price
INR 5.00 Cr
Minimum ticket size
INR 5.00 Cr
Reason
The founders have a well-structured expansion plan - starting with the launch of electric four-wheelers, followed by entry into the three-wheeler segment - and are actively seeking the right investment partners to support this growth journey.
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₹10 to ₹200 Cr
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