Newly Established Elevator Company Investment Opportunity in Chennai, India

- We are a Startup business located in Chennai.

- We already have a working prototype of our product that can go to the market in a couple of months.

- The proposal is for scaling up production and to establish a wide Selling network and channel partners.

- Vendors have already been identified.

- Sufficient space is available to commence production on a large-scale basis.

- We are looking at equity partners who can bring in INR 1.50 Crores for a 50% Equity stake in the business.

- promoter has 25+ years of experience in the same industry.

- Have acquired the registration documents.

Chair-type stair-lifts and platform-type stair-lifts for wheelchair users. These are installed in residences, hospitals, clinics, diagnostic centres, hotels, and conference halls.

- Extrusion tools, patterns, drawings, prototypes, test stations, spares and components.

- Product manufacturing technical know-how is available.

- Vendor development is complete.

10,0000 square feet of leased premises have been identified and firmed up to start production. Rental will be INR 80,000- per month.

- The business has so far been funded by the promoter.

- The cost of design, development, tooling, building of prototypes, testing, etc. has been funded by the promoter.

- A total of INR 60 lakhs has already been spent by the promoter.

- The business is a very new startup and only has one owner.