Running EV Battery Mfg Company Raising Funds In Hyderabad
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Product / Service
It is an EV battering manufacturing group.
Clientele type
EV vehicle manufacturers
Premises
LEASED
Lease per month (in INR): 63.69 L
Security Deposit (in INR): 1.90 Cr
Carpet Area: 100,000 sq ft
The existing capacity of the plant is 0.462 GWH
with a monthly existing production capacity of
18,500 units.
The Group has plants in Hyderabad and
Delhi (Sonipat) and is looking to expand in
Chennai to have a co-location for one of its
major customers. The group plans to add 2
more production lines in Chennai, bringing the
total capacity to 1.784 GWH across all three
locations.
Asking Price Includes
The terms of transaction can be discussed with potential investors.
Reason
Working capital required to meet the sales target
Other Details
The company offers a tried and tested product that is widely used by large customers.
It is recognized as one of the frontrunners in the EV battery manufacturing industry.
The company has an established R&D team dedicated to new product development.
With a strong client base, they have the advantage of receiving repeat orders.
Additionally, it's worth noting that the company is currently bootstrapped. However, they have set a target turnover of approximately Rs 1,180 crores for the FY 2023-24. Furthermore, they already have a confirmed order book worth Rs 900 crores from their existing customers.
Keywords
Business Tags
₹10 to ₹200 Cr
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