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EVEEIO Electric Essentials

As of September 08, 2024, EVEEIO Electric, Unlisted share price is ₹2500.00 per share and the face value is ₹10.00/share. The lot size of EVEEIO Electric is None shares. The 52-week high for EVEEIO Electric stock price is ₹3500, while the 52-week low is ₹2500
Face Value
₹ 10
Total Share
10,000
Total Income
₹ 0.88 undefined
Profit After Tax
₹ 0.04 undefined
P/E
2500
Market Capitalisation
₹ 2.5 Cr
Enterprise Value
₹ 25 Cr
Intrinsic Value
₹ 2,500
Sector
Industrials
Sub-sector
Logistics
Category
Start up Funding

EVEEIO Electric Growth

Compounded Sales Growth

1 Year4 Year7 Year

Compounded Profit Growth

1 Year4 Year

Return On Equity

202420272030

Highlights

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Investment Thesis

  • EVEEIO is an asset-light business model that enables them to leverage the volume of riders and rides per day and EVEEIO’s founder has strong experience in leadership.
  • EVEEIO is expected to reach ₹1,236 Cr in revenue by FY30 from ₹20 Cr in FY25. Currently, based on the market demand, supply chain management, and management experience, the company is valued at ₹25 Cr. The company is anticipated to achieve a valuation of ₹289 Cr by FY27 which is 10x times the initial investment, implying that an investment of ₹1,00,000 in FY24 is projected to reach ₹10,00,000 by FY27 (considering the constant effect of dilution).

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Financial Projections

  • In FY24, the company has generated a revenue of 0.88 Cr and achieving a PAT of 0.04 Cr, resulting in a PAT Margin of 4%. Presently, the company operates with 2W EVs.
  • In FY25, the company is in the expansion stage and is in the process of increasing its fleet operating size from 180 to 1000 in 2W EVs. Additionally, it will add 100 new 3W and 25 4W EVs. This expansion aims to enhance scalability and improve profit margins, anticipating a revenue of ₹20 Cr.
  • In FY26, the company anticipates achieving revenue within a range of ₹80 Cr to ₹90 Cr, accompanied by an estimated net profit of ₹2 Cr to ₹5 Cr.
  • Moving forward in FY27, the company expects to generate revenue between ₹280 Cr and ₹300 Cr, alongside an anticipated net profit ranging from ₹5 Cr to ₹15 Cr.

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​Key Traction & Metrics

  • EVEEIO Electric is a profitable bootstrap startup.
  • 125 driver/rider partners onboard.
  • The Fleet comprises 80 own vehicles and 100 rental vehicles.
  • 1,875,000 kilometres covered in total.
  • 262,500 deliveries were made, emphasizing cleanliness and sustainability.
  • Over 10 clients are served by the service and 40+ are in the pipeline.
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​Unique Differentiators

  • Fleet Management: EVEEIO fleet management software provides comprehensive insights into fleet operations, vehicle performance, and driver behaviour. With features such as vehicle diagnostics, maintenance scheduling, and driver analytics, it optimizes fleet utilization, minimizes downtime, and enhances driver safety and productivity. It offers tailored software solutions in the market catering to fleet management, vehicle recovery, and vehicle maintenance needs.
  • Multi-Mile Delivery Solution: EVEEIO offers mid-mile and last-mile connectivity to its customers.
  • Large Customer Base:  EVEEIO offers service to renowned customers such as Zomato, Blinkit, Zepto, Flipkart, Delhivery, Uber, etc. The company has 40+ customers in the pipeline to offer service.

Business Rating

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Management
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Accounting Practice
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Profitibility
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Solvency
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Growth
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Valuation
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Overall Ratings
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Recommendation
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Our Team

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Kamal Sharma( Founder )
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Varad Nimborkar( Chief Operating Officer )
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