Submission BCS
Fund Raising Proposal Document
Submission Date & Time: 2021-10-19 04:24:35
Event Name: NMO S4 Sprint One
Solution Submitted By: Aditi Pathak
Assignment Taken
Proposal for Fund Raising.Case Understanding
8 members who want to pursue a startup In the automobile industry, electric vehicle specific. They want us to come up with certain deliverables to smoothen the process.BCS Solution Summary
I have worked on the proposal for fundingSolution
In India, renewable energy has a lot of potentials. One of them is the automobile industry, which has lately taken several great steps in this direction around the world, but the Indian market is still in its infancy. In India, the market share of electric vehicles is quite low when compared to other countries. According to some estimates, India's entire registered car population is 230 million, with the market continuing to increase. India's reliance on fossil fuels is also a result of this. The Indian government is attempting to promote the use of electric vehicles as a reforming step.
The electrification of two-wheelers, three-wheelers, and commercial vehicles will be a major driver of the government's objective of 30% adoption of electric cars by 2030. Lower electric car adoption rates in the passenger vehicle segment are likely to have a little impact on meeting the targets. Our team is a group of budding entrepreneurs & we all have discussed, researched, and decided that we all should foray into any business related to “Electrical Vehicles” because we all think in unison that "this is the future".
For this, we would require Rs. 46 lakh corpus fund, and additional Rs. 60 lakh.
Our startup has secured a coworking space in Bangalore City for 8 individuals for a monthly price of 3000/Workstation.
Our team consists of two mechanical engineers and one electrical engineer. Our company also employs one computer science graduate. Two members of the team have resigned from marketing positions with well-known vehicle firms. The remaining two members recently finished their post-graduate management program.
Every team member would have a personal cash requirement of Rs.50,000 per month, which we'd wish to remove from this firm, which appears to be quite tough at this time.
Engineers on our team have already designed and built a prototype electric vehicle as a student project in their engineering classes.
Because our business is new and we don't have the resources to hire right away, we are deciding who will be in charge of certain departments inside.
We would be obliged if we can get the funding as per the requirements.
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Conclusion
This document expects funding of approximately 106 lakhs from potential investors.Attached File Details
Comments
Article Type: Business Case Scenario, Case Study Solution Submission
Business Case Detail
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Participant
Indian Institute of Management Shillong I am Aditi Pathak. Presently, I am based out of Gwalior. I have completed my B.E in 2019. I also have a professional work experience of 25 months as a Business Analyst at Capillary Technologies, Bangalore where my major work revolved around Marketing consulting and Advanced data analytics to solve business problems like Customer Acquisition, Retention, and Enagagement.
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