Looking to Raise 40Cr. through Equity for Patented Electric bikes in Chennai (Valuation: 200 Cr.)

By Karthigeyan -AR-1324
Posted On: 30 / Aug / 2022
0 581

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Electric Vehicles
Charge

Deal Status

Active

Deal Description

Blacksmith Electric is a Chennai based startup fervently working and researching electric platforms since yr. 2003.
Only company in India to won the patent for Battery Exchange (swap) technology, which was filed in 2006 Indian Patent Number- 262461
1st prototype: Yr. 2003
2nd Prototype: Yr. 2005
3rd Prototype: Yr. 2014
4th Prototype: Yr. 2019
Business Model:
  • We Manufacture---- Market Dealership showroom---- Consumers
  • Battery Hire----- Battery Exchange station franchise---- Consumers
Funding Ask: INR 40 cr. at a valuation of 200 Cr. 
Purpose: Total fund for production only!
16 cr. for Scooter - For setting up a rental factory, assembly line, vendor for supplying with production capacity of 50 vehicles per day
24 cr. for Electric Cruiser (Big Bike) : For setting up rental factory, assembly line, die making, with production capacity of 100 vehicles per day
100 customers have pre booked for delivery on June 2023
Traction: 100 pre booked customers, 24 Global article mentions & crowd puller at Indian exhibitions (see pics in attached file)
Contact Swanand Oak (Deal Maker, fundgini @ [email protected])

Attached Files

icon Blacksmith Brochure (1) (2) pdf

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icon DOC 20220830 WA0028 pdf

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Deal Value
₹ 40 Crore
Targeted Region
Asia Pacific

Revenue

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