A Electric Cycle Start Up Looking For Funds Via Debt
Email
Phone
Google
LinkedIn
Facebook
Product / Service
Cycles, Electric Cycles, Designing and manufacturing
Clientele type
Direct customer, Dealers & Distributors
Premises
NA
Asking Price Includes
They will be providing 10% return per annum to the potential investor.
They will repay the raised amount within a year.
Reason
They will be utilizing the raised funds in launching the business.
Other Details
They are a sole proprietorship business that is into manufacturing & design of electric cycles.
They have priced their product at Rs.23,000 per unit.
They plan on selling 400 to 500 units this year with an estimated revenue of Rs.1 crore.
They have an estimated net profit margin of 15%.
They have also raised Rs.6 lakhs through 1st round of funding & Now, they are looking for 2nd round of funding.
Keywords
Business Tags
₹10 to ₹200 Cr
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