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Deal Type
Industry
Deal Status
1. Industry Sector : EV manufacturing company based out of Mumbai
2. Breif Description : An Electric Vehicle Manufacturer looking to revolutionize the reliable vehicles, thereby increase in efficiency and lower cost per km. India first 4 geared manual EV in L5 segment , delivering high payload.
3. ASK : $1M for Pre Series
4. Utilization of Funds: -
-Operation cost for delivering orders in hand 83%
- Development of new product : 17%
5. Expected Annual Revenue :
FY 22-23 : 44cr
FY 23-24 : 220Cr
6. Market Size in India : Rs 100Bn +
7. Traction : B2B Clients order book for 500 vehicles , LOI for another 2000 units from fleet multiple operators
Type Equity (Fundraise)
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Value
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Type Equity (Fundraise)
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Information Technology / IT
Value
₹ 39.95 Crore
Type Equity (Fundraise)
Industry
Food
Value
Undisclosed
Type Equity (Fundraise)
Industry
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Value
₹ 3 Crore
INR (₹)