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Past performance
About Supertech EV Ltd Supertech EV Limited, established on August 12, 2022, is an emerging player in the Indian electric vehicle (EV) market. Originally incorporated as a private company, it transitioned to a public entity on December 21, 2022, showcasing its intent to capitalize on the dynamic EV industry in India. The Company focuses on revolutionizing mobility solutions, specializing in the design, manufacturing, and distribution of high-quality electric two-wheelers and E-Rickshaws.
Since its inception, Supertech EV has launched 12 models, encompassing 8 EV two-wheeler variants and 4 E-Rickshaw variants. Operating with a robust distributor network of 445 partners across 19 states, the Company has exhibited rapid growth and expanded its footprint in key markets. Emphasizing user-friendly and technologically advanced solutions, it caters to the affordable EV segment, addressing the evolving demand for sustainable mobility in India.
The Company enhanced its operations by absorbing the assets and liabilities of its promoter’s proprietorship concern, Supertech Inc., on March 31, 2023. This strategic move aligns with its mission to streamline operations and drive scalability. With manufacturing facilities based in Haryana and a diversified portfolio, Supertech EV is positioning itself as a vital player in the competitive EV space.
To fuel its growth trajectory, Supertech EV Limited is proposing an Initial Public Offering (IPO) of 32,49,600 equity shares through a fresh issue. This IPO will provide the company with capital to expand its operations, strengthen its market position, and cater to the increasing demand for sustainable mobility solutions in India.