🏢 Company Profile
Established in 2022, Supertech EV Limited designs, manufactures, and assembles electric vehicles, particularly low-speed and high-speed e-scooters, along with e-rickshaws. Its production facility is located in Manesar, Haryana, with a capacity of around 36,000 vehicles annually. The company also engages in chassis fabrication and body component manufacturing.
🔧 Business Model
Supertech EV operates as a manufacturer and assembler of electric vehicles. It sources key components like motors, controllers, and batteries from Indian and overseas suppliers and assembles complete vehicles in-house. The company distributes its products through a network of over 400 dealers across India and also supplies vehicle parts and custom chassis to other OEMs.
📦 Product Portfolio
- Electric Rickshaws – Designed for urban and semi-urban passenger transport
- Electric Scooters – Low-speed and high-speed variants for daily commuting
- Vehicle Chassis and Kits – Supplied to third-party vehicle assemblers and partners
🌟 Features Across Products
- ICAT-Certified Vehicles meeting regulatory standards
- Eco-Friendly and Efficient mobility solutions with zero emissions
- Customizable Designs for different load and passenger needs
- Durable Sheet-Metal Bodies fabricated in-house
- Warranty & After-Sales Support through its dealer network
🎯 Objectives of the IPO
- To repay existing debts and liabilities
- To support working capital requirements
- To invest in dealer expansion and service infrastructure
- To fund general corporate purposes, including branding and logistics
🔮 Future Outlook
With the growing push for electric mobility in India, Supertech EV plans to scale its manufacturing capacity, introduce new electric two-wheeler models, and expand into more Tier 2 and Tier 3 cities. The company is also exploring opportunities in fleet and cargo EVs for logistics providers.
🧭 Vision and Leadership
Supertech EV is led by professionals with backgrounds in automobile manufacturing, sheet-metal design, and logistics. The leadership team focuses on innovation, affordability, and quality, aiming to become a trusted name in India’s affordable electric mobility sector.
📈 Market Positioning and Growth Prospects
The company is positioned to serve the last-mile mobility market, especially in semi-urban and rural areas where electric rickshaws and low-maintenance scooters are in demand. With rising fuel prices and government incentives for EV adoption, Supertech EV has significant potential for growth in both B2B and B2C segments.rong execution record.
