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South Korea based EV charger manufacturer with integrated charging network is up for majority sale.

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Pankaj Rungta (Rungta Advisors)

Business Brief

The company is a leading EV charger manufacturer and charging service operator based in South Korea. With a strong portfolio of high-speed chargers and over 2,400+ operating stations, the Company has built end-to-end capabilities across the EV charging value chain. The Company offers a full line-up of EV chargers, possessing 21 related patents and 305 domestic/international certifications.

Infrastructure & Expansion

▪ 11,800 sqm plant 
▪ Projected Capacity: 3,000 slow / 300 fast chargers per month
▪ Equipped with advanced test infrastructure (400kW no-load, environmental chambers)

Products & Services


Additional Information

Note: The company is open to divesting a 51% equity stake to support expansion and growth of the company

Proposal

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Industry

Electric Vehicles

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Sub Industry

Battery Charging Station

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Nature of Business

B2B

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Sector

Manufacturing (Own Brand)

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Reason for sell-off

Strategic Realignment or Pursuing New Opportunities

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Location

South Korea

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Open For Dilution

51-75 % (Majority)

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Top Customer

  1. SK Electlink
  2. HDC
  3. Amano Korea
  4. Korean Ministry of Environment
  5. Korea Energy Agency
  6. Public Procurement Service

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Deal Size

INR 85 - 90 Cr

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Justification

Based on market multiple

Financial Information 2024 (in Cr) 2023 (in Cr) 2022 (in Cr)
Sales 61.92 58.48 49.88
EBITDA 7.74 4.3 3.4
PAT 0 0 0

Business Documents

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Teaser

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