EV Company Raising Funds In Pune
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Product / Service
They produce EV kit for converting existing vehicle to electric.
Clientele type
Off road vehicle, on road vehicles, and non automotive vehicles. They have a dealer network pan India as well as overseas in countries like Saudi Arabia, Bhutan, Nepal and South Africa.
Premises
The premises are leased.
Asking Price Includes
The terms of transaction will be discussed with potential investors
Reason
Expansion of the business as there is hue market potential.
Other Details
1. Indian Army Testing:
- Successfully tested by the Indian Army.
2. BSF Off-Road Training:
- Completed off-road vehicle training for the Border Security Force (BSF).
3. DRDO Supply:
- Supplied unmanned EVs to the Defence Research and Development Organisation (DRDO).
4.Taxi Prototypes:
- Prototype for car/van taxi is ready.
- Luxury taxi fleet under development.
5. Market Potential in Wildlife Tourism:
- Indian Sanctuary Data:
- National Parks: 89
- Wildlife Sanctuaries: 498
- Tiger Reserves: 28
- Protected Area: 1,56,848 Sq km
- Forest Cover: 6,80,000 Sq Km
- Average gates per sanctuary: 6
- Total Safari Gates: 3000
- Average safari cars per gate: 25 to 30.
- Estimated safari car population: 50,000+
6. Tourist Preferences:
- Tourists prefer EVs for wildlife tourism due to:
- Better sightings (low noise).
- Substantial savings compared to petrol costs (Rs 1200/day) with EV charging costs at Rs 150/day.
7. Government Notification:
- Government has mandated the use of EVs in forests to protect fauna and flora.
8. Need for EV in Forests:
- Electricity generation locally.
- Mitigation of fuel supply challenges.
- Easier transportation of forest products to the market.
- Streamlined supplies from the market to residents.
- Facilitation of the harvesting and processing of forest products.
- Enhanced transport for school and health services.
9. Neighbouring Government Initiatives:
- Nepal and Bhutan government have launched a national policy to convert to EVs, with a focus on fuel logistics.
Business Tags
₹10 to ₹200 Cr
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