- The company specializes in the manufacturing of BLDC motors, electric drivetrains, E-kit accessories, BLDC controllers, and HVAC PM Motors.
- It was initially started to cater to the automotive sector but experienced a second wind by researching and developing EV products, and eventually entered the agricultural sector and tractor market.
- The company's flagship product is their Motor Controller which has attracted customers such as The Sonalika Group and Escorts in the tractor market, and it is actively discussing opportunities in the LCV market with OEMs.
- In FY24, it is expected to have revenue of USD 1.5 million without external funding and USD 7 million with funding.
- Due to the size of its current order book and enquiries, the management is confident that revenues will grow to USD 24 million in the next two to three years.
Product or Technology Overview
- CNC Controllers: Computer Numerical Control (CNC) controllers are devices used to control the movement and operation of CNC machines, such as milling machines and lathes, to produce precise and complex parts.
- Servo Drives: Servo drives are electronic devices that control the speed, position, and torque of servo motors, which are used in a wide range of industrial automation applications.
- Servo Motors: Servo motors are high-performance motors that are designed to provide precise control of motion and position in industrial automation systems.
- Automation Applications: Automation applications refer to the use of technology to automate various processes in industries such as manufacturing, assembly, and packaging.
- Customised Panels: Customised panels are electrical control panels designed to meet specific requirements of industrial applications, such as automation and process control.
- E-Rickshaw BLDC Motors: Brushless DC (BLDC) motors are used in electric rickshaws to provide efficient and reliable propulsion.
- Electric Drivetrain: An electric drivetrain is a system that converts electrical energy into mechanical energy to power electric vehicles, such as cars, buses, and trains.
- BLDC Controllers: BLDC controllers are electronic devices that control the speed, torque, and direction of BLDC motors, which are used in various applications, such as electric vehicles and drones.
- E-Kit Accessories: E-kit accessories refer to various components and accessories used in electric vehicles, such as battery chargers, inverters, and motors.
HVAC PM Motors: HVAC PM motors are a type of electric motor commonly used in heating, ventilation, and air conditioning (HVAC) systems, offering high efficiency and reduced maintenance requirements
What the Company is looking for?
The management is open to financial investment by either domestic or foreign partners and strategic investment from foreign investors only but is not willing to divest more than 51%. It seeks an immediate funding of USD 4.5-5 million in two tranches, of which it plans to use USD 1-1.3 million for capital expenditure and the rest for inventory.