EV Distributor With 31Cr Topline Raising Debt In Chennai
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Product / Service
Two wheeler EV Sales, Spares, Service and Distribution across TN & PY.
Clientele type
They have 3 EV showrooms and dealers in 25 districts.
Premises
LEASED
Lease per month (in INR): 300,000
Security Deposit (in INR): 2,000,000
Carpet Area: 7,600 sq ft
We have 3 Retail Showrooms. One in Maduravoyal (4400 sqft), One in Velachery (2200 sqft) and One in Sivakasi (1200 sqft). Apart from this, we are the sole distributor for vehicles and spares in TN & PY.
Asking Price Includes
Debt : 1-6 CR : 18% p.a(Negotiable) Repayment of Principal + Interest every month. Tenure : 3 Years.
1st Month 1.5 CR - We will show some mutually agreed upon turnover.
2nd Month 1.5 CR - We will increase the turnover to an agreed upon value.
3rd Month 3 CR - Final tranche.
Reason
They are projecting a revenue of 65 Cr for FY2023-24 and 120 Cr for FY2024-25, to meet these targets they are looking to raise funds.
Other Details
Aiming to hit 120CR in next two years. currently a 31CR turnover company. They have hit the right moment to scale up, and they need to do it fast. They invite others to join them if they want to engage in an honest, transparent, and trustworthy relationship, with many more exciting ideas to be implemented in the future.
Business Tags
₹10 to ₹200 Cr
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