EV Two Wheeler MFG Company Giving Dealership Pan India
Email
Phone
Google
LinkedIn
Facebook
About Business
Founded in 2019 and based in Bengaluru, this electric vehicle company is one of India's top three premium smart EV manufacturers. With a strong focus on clean energy and innovation, the company is working to make electric mobility more accessible, reliable, and convenient for Indian consumers. Their mission is to create high-quality, "Made in India" electric vehicles that solve common EV concerns like range anxiety, charging time, and cost - helping users smoothly shift from traditional fuel vehicles to eco-friendly alternatives.
Product Lineup:
The company launched two electric scooter models in 2023:
Model 1:
- Range: 248 km
- Acceleration: 0 - 40 kmph in 2.77 seconds
- Battery: 5.0 kWh
Model 2
- Range: 181 km
- Acceleration: 0 - 40 kmph in 2.55 seconds
- Battery: 5.0 kWh
- Boot Space: 35 liters
Manufacturing Facility
The EVs are manufactured at a state-of-the-art facility in Hosur, Tamil Nadu - India's electric vehicle hub. The plant spans 2 lakh sq. ft. and is built with a focus on modern infrastructure and sustainable practices.
- Production Capacity: 5,000 units per day
- Annual Revenue: $120 million
- Technology: Only Indian EV OEM to design and manufacture its own powertrain, using a patented magnetization process for superior motor quality
- Battery Assembly: 5,000 fixed and portable batteries per month
- Monthly Output: 25,000 scooters and bikes
Growth Potential
An investment of $20 million could scale the plant's capacity to 25,000 units per month, with a projected annual revenue of $600 million.
Unique Advantage
The company's patented in-house magnetization technique ensures higher quality, reduced waste, and efficient raw material usage by magnetizing virgin magnets on-site.
Distribution & Expansion Plans
- Currently: 100 dealers and 5,000
- CY 2026 Target: 200 dealers and 14,000 units
- CY 2027 Target: 325 dealers and 25,000 units
The company has already sold over 3,000 units and is currently working with 12 active dealers, with 15 more in the onboarding process.
To support future growth, three new electric vehicle models are in development, highlighting the company's continued focus on innovation.
For new dealership partners, the complete setup - including showroom and workshop - will be arranged with support from the company.
Clientele type
The primary clients are entrepreneurs interested in becoming dealers for electric vehicles.
Premises
The manufacturing units Spanning 2lakh sq.ft.
Asking Price Includes
Each dealer will receive an initial stock of 40 scooters. An investment of approximately 85 to 90 lakhs is required from the dealer's side, and the company will assist throughout the setup process.
Reason
The electric vehicle manufacturing company is expanding and is looking for reliable dealers across India.
More Details
Chief Executive Officer (CEO & Founder):
Holds a background in architecture and has a strong entrepreneurial track record. Started the company in 2019 with a vision to make electric vehicles more accessible, affordable, and sustainable. Has successfully grown the company from a small team to a leading EV brand in India.
Chief Financial Officer (CFO & Co-founder):
An engineering graduate with a Master's in Finance, having over a decade of experience in financial management, corporate strategy, and venture capital. Previously held leadership roles in reputed financial institutions. Oversees all financial operations, including investor relations and fundraising.
Chief Marketing Officer (CMO & Co-founder):
Comes from an engineering background and co-founded a food-tech startup before joining the EV industry. Focuses on addressing key consumer challenges like range anxiety and affordability and plays a pivotal role in shaping the brand and market outreach strategies.
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published. We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks. We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.
What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
