Electric Cargo Vehicle Manufacturer

By Gayatri -Jadhav-1974
Posted On: 10 / Mar / 2023
0 685

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Automotive
Charge

Deal Status

Active

Deal Description

Our Mission:

To achieve a 10% market share of intra-city delivery vehicles in India.

Our Vision:

To develop innovative products that exceed the expectations of ergonomics and economics to empower customers.

Problem: Lack of Appropriate Vehicles for Intra-City Delivery

Solution: Agile, Powerful, and Reliable Commercial Vehicle

Market Size: TAM- $ 36B, SAM- $ 2B & SOM- $185M

Pre-Money Valuation: 100 Cr/ Approx $ 12.5M
Total Ask Amount: 2Cr

Type of Investment Round: Equity-Based is prefered (Open for other options like debt, CCPS); Termsheet of 25Cr is in the process from a Private Equity Investor


Milestones will be Achieved:

  1. Revenue Generation by deploying 2,600 vehicles in FY’24: INR 42Cr for FY24 & (Revenue of INR 89Cr in FY25)
  2. Manufacturing Facility Setup: Capacity of 15,000 Vehicle 
  3. Vehicle L5N homologation with ARAI

Attached Files

icon Pitch Deck Teaser Confidential External pdf

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Deal Value
₹ 2 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed
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