AC/DC EV Charger Manufacturer Raising Funds In Ahmedabad
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Product / Service
They are involved in the manufacturing of AC EV charger controllers, AC EV chargers, DC EV chargers, and low voltage DC EV chargers.
Clientele type
They are involved in the manufacturing of AC EV charger controllers, AC EV chargers, DC EV chargers, and low voltage DC EV chargers.
Premises
LEASED
Lease per month (in INR): 49.88 K
Security Deposit (in INR): 2.00 L
Carpet Area: 3,000 sq ft
Asking Price Includes
They’re offering two distinct ways to raise funds:
Equity Dilution:
Equity in exchange for an investment of up to INR 5 Crore.
Debt:
12% interest rate on the debt.
Asking Price
INR 5.00 Cr
Minimum ticket size
INR 10,000,000 (INR 1.00 Cr)
Reason
The promoter aims to raise funds to cover expenses related to inventory management, certification, research and development, patent and intellectual property creation, plant expansion, and other business needs.
Other Details
They started this business in 2022 and have a total staff of 10. They design and manufacture their own PCBs and produce 100% Make in India EV chargers with 90% localized components. Their proprietary AC EV charge controller delivers up to 80 kW of AC power. They have delivered over 1,500 EV chargers and components to clients in India, Benin, Togo, Rwanda, and Thailand. They are India's first manufacturer of low voltage DC chargers and have successfully delivered over 170 LVDC chargers to date. They have an order pipeline of around INR 9,00,00,000 for this financial year, with a target of nearly INR 12,00,00,000.
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₹10 to ₹200 Cr
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