Dormant EV Scooter Manufacturing Biz For Sale In Kolhapur

About Business

Business Type: EV manufacturer

Vehicle Categories: Two-wheelers

Brand / OEM Arrangement: OEM manufacturer (own brand)

Revenue Model: Vehicle sales, Fleet leasing or subscription, Charging revenue, Servicing & AMC, Components & parts

Battery Warranty Support: Yes - via OEM warranty

Electric Two-Wheeler Manufacturing Business for Acquisition

Business Overview
Electric two-wheeler manufacturing business with 4 homologated high-speed scooter models, 4 certified low-speed models, an unused assembly line, and supporting equipment. The business can be relocated anywhere in India.

Acquisition History
The business entered into an acquisition agreement with a publicly listed company in 2024. However, the transaction could not be completed due to financial challenges faced by the acquirer, which another party subsequently acquired. The business is therefore now available for acquisition by a new buyer.

Key Highlights
• 4 high-speed homologated and 4 low-speed certified scooter models
• Assembly line with capacity of 3,000 scooters/month
• Inventory of 90 scooters
• Compressor, tools and other manufacturing equipment
• Existing dealer network of around 20 dealers
• Pan-India dealer development strategy and business know-how
• Existing models and certifications can reduce product development time and cost

Investment
The business and available assets are offered at ₹4.99 crore. Land and building are not included. The buyer will need to arrange working capital, marketing and dealer network development.

Infrastructure
A minimum 20,000 sq. ft. shed is required, which can be leased or rented. Remote operational support can be provided at an additional cost.

There are 2 partners in the business.

Clientele type

The business primarily served a network of authorised dealers, who were responsible for the distribution and sale of its electric two-wheelers across the region.

Premises

A 20,000 sq. ft. shed will be sufficient and can be taken on a rental basis.

Asking Price Includes

Machineries / Equipments, Inventory, Intellectual property, Tools & dies / moulds, Software / digital assets

The sale includes homologated electric scooter models, statutory certifications, valuable intangible assets such as industry experience and technical know-how, and an inventory of approximately 90 electric scooters. These assets are available for an outright sale at an asking price of ₹ 4.99crore.

Reason

Health / personal circumstances

Debt-free turnkey asset transfer

The business is being offered for sale due to financial constraints and cash flow challenges, providing an opportunity to acquire an EV manufacturing venture with regulatory approvals and ready-to-deploy assets.

The existing promoter can provide advisory and operational guidance to help restart and improve the business, subject to a separate fee arrangement. The promoter has over 34 years of experience in the automobile industry, including experience with established two-wheeler manufacturers, ATV and off-road vehicles, petrol motorcycles, and electric vehicle manufacturing.

Licences

Homologations certificates 4 high speed. 4 low speed.