EV 2W Brand For Asset Sale In Kolhapur
About Business
Established in 2021, the business was engaged in the manufacturing of electric two-wheelers. It developed a dealer network of approximately 20 dealers across Maharashtra before operations became dormant in March 2024.
In 2024, the business entered into a merger and acquisition agreement with a publicly listed company. However, the transaction could not be completed due to financial challenges faced by the acquiring company. As a result, the owner is now seeking a new buyer for the business.
The manufacturing facility is designed to be equipped with an assembly line and other related equipment required for electric two-wheeler production.
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
NA
Asking Price Includes
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 100 electric scooters. These assets are available for an outright sale at an asking price of ₹5 crore.
Reason
The owner has decided to sell the business due to financial constraints and the resulting cash flow challenges, creating an opportunity for a buyer to acquire an established EV manufacturing venture with regulatory approvals and ready-to-deploy assets.
Licenses
Homologations certificates
More Details
There are 2 partners in the business.
Keywords
Business Tags
Business Exit for ₹10 Cr – 200 Cr
Structured Transition Completed in 120 Days
Credible Buyer Connections, Confidential Discussions, and Seamless Closure
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