Next Generation Technology for Tyre Mfg looking for funds
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This is an innovative and technology driven company working on ensuring road safety, fuel economy and convenience with its eco-friendly innovations. They have launched 2 products in the Indian market. These are next generation of tubeless tyres for Motorcycles and Scooters. They have made a Minimum Viable product range and entered into the market since 3 quarters.
Clientele type
They are able to make a few hundred tyres each month and sale them locally. They have developed a range of products to meet customers' expectations and has gone for Patent protection in major target markets. Apart from road safety aspects of passengers,riders,travellers,pedestrians, it also works in self-balancing at dynamic conditions, thereby cancer causing material Lead RoHS for wheel balancing is no more needed.
Premises
They have RnD facilities in India and US and a manufacturing facility in South India. Their technology is patented in Japan and India, several Patent Applications are pending in USA, Canada and India. They've made few Dealers and one Institutional Customers, and now looking for investment to increase Product Ranges and Market Penetration.
Asking Price Includes
Stake
Reason
Scaling Up
Other Details
They have won various start-up competitions and awards in India and abroad. Now, they are planning for Scale Up in 2 wheeler tyre market by introducing more sizes and creating sales network. For scale up in 2 wheeler tyre market, they are looking for immediate investment of upto INR 3.5Cr.
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₹10 to ₹200 Cr
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