We are importing spare parts of electric cars from USA and assembling in India and selling in Indian market in collaboration with CODA Automotive.
We are looking for equity investors and seed capital fund to start with land purchase and plant setup and to acquire ARAI government approvals for our company.
We are producing Electric Sedan 5 seater car to the Indian market.
We are targeting whole of India in next 3 years or 5 years of time.
Payback period will be 5-7 years.
Delearship network revenue generation model and company owned showrooms.
Currently we have agreed to royality for technology transfer from CODA.
REVA Electric Car is only car competitive at the moment.
Setting up dealership network for sales of Electric Cars.
Setting up company owned showroom.
Yes, REVA is making money from similar opportunity.
New to Automobile industry.
Funding need for setting up plant, prototype development and ARAI Certification.
For next 3-4 years we are planning to infuse funds based on requirements, at the maximum 3 to 4 rounds of investment is we forecast.
We are looking for debt and equity investment and overall loan amount is 5 core INR and looking equity for 5 partners in for same amount of 5 Crores.
The expected payback period is 5 years.
yes, we are also looking silent investor and investment can be done in stage wise.