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Deal Type
Industry
Deal Status
A startup making powertrains (Motor+Controller+Transmission) for Electric vehicles (2 wheelers/Cars/HCVs) is looking for funding. By having control over all elements of powertrain, the startup is in a unique position to optimize several aspects of the Electric Vehicle and make it Smart, Efficient and Tough. Promoters are seasoned technocrats coming from Technology and Product Development services for Defence and Aerospace industries. Ask: USD $2M Stage: Prototypes developed and validated by customers Traction: MoU for 1 lac units. In discussions with several other customers. Commitments Received: Term Sheet from one Indian VC for about USD 350K
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INR (₹)