24125

Ashva Motors Pvt Ltd

India
Market: Production
Stage of the project: Prototype or product is ready

Date of last change: 12/04/2017
Min investment
$  15.000
0
Total required
$ 50.000
Rating
equalizer 130 из 1000
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Idea

Hello investors , I am Hiren Bhanderi, Director of Planning at Ashva Motors pvt Ltd.
We are an upcoming Electric Motorcycle company.
We are looking out for angel investors who can help us with an initial investment of INR 15,00,000 to INR30,00,000.
Kindly contact back so that i can send you the pitch.

Current Status

First prototype ready.
As per recent testing, top speed was 180kph with acceleration(0-60kph) of 2.8sec. Range was 90kms with charging time less than 60mins.

Market

The enter point of Ashva will be commuter motorcycle, which forms 78% segment of the automobile.

Problem or Opportunity

Air pollution is the fourth biggest killer, killing millions of people around the world. We focus on eliminating the emission of pollutants from motorcycles as majority of pollutants are emitted by automobile sector specially motorcycles as 78% Indians prefer motorcycle for commuting.

Solution (product or service)

To build electric motorcycle with long range and short charging period.
Simultaneously, focusing on researching topics like self balancing and other battery technologies to improve charging time.

Competitors

Tork motorcycle.
Emflux.

Advantages or differentiators

Battery swapping.
100% use of renewable resources for charging.
E-waste recycling.
Better performance.
Battery pack assembly without soldering cells.
Self-balancing.
Synchronization of motor and wheel to increase the efficiency of motorcycle to 96% from 92%(of first prototype )

Finance

Model 2 design: ₹5,00,000
Model 2 prototype: ₹10,00,000
Creating brand value and Marketing and sales of Model 2: 10,00,000
Modifications in prototype 1: 5,00,000

Business model

Sources of revenue: Ashva's charging stations, India's first electric motorcycle racing competition organized by Ashva, commuter motorcycles.

Year of revenue generation : 2019 (third quarter)

*detailed business model included in pitch deck.

Money will be spent on

Designing and prototyping second model.
Creating Brand value of the company.
Sales and marketing of second prototype.

Offer for investor

Investment requirement:
Minimum ₹15,00,000 for 6%stakes
Maximum ₹30,00,000 for 14% stakes

Exit strategy:
Year: 2020 (last quater)
For x1.5 times the invested money

Risks

Risk is minimized by incorporating reviews sessions wherein we involve testing by our target customers and recording their reviews to make necessary modifications in the prototype, before launch, to make it reliable for them.

Incubation/Acceleration programs accomplishment

Participation in Bala Vikas International Center Cohort for Social Entrepreneurship 2017-2018, Hyderabad.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video