Bicycle Manufacturing Business Investment Opportunity in Chennai, India
Startup building a patent awaited non-toppling multi-seater bicycle seeking funds.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Bicycle Manufacturing |
| Locations | Chennai |
| Local Time | 12:56 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
29.6 thousand
for
30.0%
stake
(Native Currency: INR 2,500,000)
Reason: Promoter will use the funds to set up the factory, buy machinery, and hire man power.
Interested to connect with advisors
Documents
Bicycle Brief.pdf
(357.5 KB)
Business Overview
- Firm is planning to start manufacturing an innovative product and intends to start.
- Filed a patent for the product 3 years back and received an examination report 2 months back.
- Promoter intends to set-up a manufacturing unit and the entire business is at a prototype stage.
- The product is at a prototype stage and details of upgrading it will be shared with the investor.
- Product is a non toppling multi-seater bicycle and is a two-wheeler with self-balancing design. It has 4 seats with 2 riders.
- The form of the bicycle is such that the cycle does not fall without the stand and while riding. It is an eco-friendly product.
-It can be manufactured at INR 20,000 per piece and the expected selling price would be INR 55,000.
- Machinery such as welding, molding, joinery, and bar bending machines will be required.
- Promoter intends to market the product via advertisements in newspapers, and social media marketing.
- Filed a patent for the product 3 years back and received an examination report 2 months back.
- Promoter intends to set-up a manufacturing unit and the entire business is at a prototype stage.
- The product is at a prototype stage and details of upgrading it will be shared with the investor.
- Product is a non toppling multi-seater bicycle and is a two-wheeler with self-balancing design. It has 4 seats with 2 riders.
- The form of the bicycle is such that the cycle does not fall without the stand and while riding. It is an eco-friendly product.
-It can be manufactured at INR 20,000 per piece and the expected selling price would be INR 55,000.
- Machinery such as welding, molding, joinery, and bar bending machines will be required.
- Promoter intends to market the product via advertisements in newspapers, and social media marketing.
Products & Services Overview
Eco-friendly bicycles, Minimum viable product - future multi-seater bike, Concept creation, and consultancy.
Facilities Overview
Home-based office. Planning to set up a factory.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Heat Treatment Processors, Chennai, Individual Investor / Buyer connected with the Business
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