Warivo Electric Mobility Ltd.
SMEBSETBA
TBA
1 Shares
TBA
₹10
Financial Summary
| Particulars | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 13,650.25 | 6,190.61 | |
| 79.37 | 23.3 | |
| 13,729.62 | 6,213.91 | |
| 12,842.34 | 5,825.34 | |
| 579.16 | 101.31 | |
| 437.54 | 92.34 |
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by | 170 |
| 2 | Funding capital expenditure for establishment of a lithium-ion battery manufacturing | 28.806 |
| 3 | Investment in research and product development | 66.986 |
| 4 | Funding our incremental working capital requirements | 350 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
98.92%
Promoter stake
Offered to Public
57,16,800
shares
About the Company
We are a pure-play electric mobility company engaged in the designing, manufacturing, assembling and supplying of electric vehicles with a primary focus on electric two-wheelers (“E-2Ws”) which are available in various designs, features and speed variants. As a vertically integrated, pure-play electric mobility company, we design our products in-house, develop proprietary and patented vehicle models, and control key stages of manufacturing, assembly, testing, and quality assurance. We offer a range of electric scooters under our brands “Warivo” and “Warivo ECO”, catering to customers across urban, semi-urban and emerging markets in India. Our products are designed to address everyday mobility requirements by offering accessible, reliable and practical electric two-wheeler for regular personal and commercial use. At the core of our operations are our in-house R&D capabilities and customer experience initiatives, which drive product innovation, safety, performance, and after-sales support, ensuring a seamless and quality ownership experience. Our R&D team is experienced and executes design, engineering, and validation processes, making our product development robust.
Use of Proceeds
1. Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our Company; 2. Funding capital expenditure for establishment of a lithium-ion battery manufacturing facility (“Li-ion Facility”) in Ellenabad, Haryana; 3. Investment in research and product development; 4. Funding our incremental working capital requirements; and 5. General corporate purposes.
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