Supertech EV Limited is an emerging Indian manufacturer dedicated to the design, development, and distribution of electric mobility solutions. Positioned at the intersection of the **Smart City Mission** and India’s goal for **100% e-mobility by 2030**, the company specializes in affordable, user-friendly electric vehicles (EVs) for both personal and commercial use. --- ### **Corporate Evolution and Strategic Transition** The company has undergone a rapid transformation from a localized proprietorship to a publicly listed corporate entity. * **Inception & Incorporation:** Originally operating as **Supertech Inc**, the business was incorporated as a Private Limited company in **August 2022** and converted to a **Public Limited** company in **December 2022**. * **Business Acquisition:** In **April 2023**, the company executed a slump sale to acquire the running business of Supertech Inc for **₹1.11 Crore**, settled via the issuance of **10,09,091 Equity Shares**. * **Public Listing:** The company successfully launched its **Initial Public Offering (IPO)** on the **BSE-SME platform**, raising **₹29.9 Crore** at a price of **₹92 per share** (including a **premium of ₹82**). Trading officially commenced on **July 02, 2025**. * **Capital Utilization:** As of November 2025, the company had deployed nearly all IPO proceeds toward scaling operations, with only **₹3.00 Lakhs** remaining in escrow. --- ### **Manufacturing Infrastructure and Pan-India Distribution** Supertech EV operates a decentralized manufacturing model to optimize logistics and serve diverse regional markets. | Facility Type | Location | Key Details & Recent Investments | | :--- | :--- | :--- | | **Registered Office (Unit 1)** | Bahadurgarh, Jhajjar, Haryana | Primary corporate and administrative hub. | | **Manufacturing Unit 2** | Asodha Todran, Rohad, Haryana | Site of a **₹75.91 Lakh** expansion (new floor added 2024-25). | | **Manufacturing Unit 3** | Udyog Vihar, Bahadurgarh, Haryana | Specialized assembly facility for the EV portfolio. | | **Southern Hub (New)** | Harapanahalli, Karnataka | Commenced operations in **February 2026** to target South India. | **Distribution Reach:** The company leverages a robust **Business-to-Business (B2B)** model. Its distribution network has grown from **445** to over **500+ active distributors** strategically located across India to facilitate national adoption. --- ### **Product Portfolio and Market Positioning** Supertech EV targets the **micro-mobility** and **last-mile delivery** segments with a diversified range of vehicles: * **Electric Two-Wheelers (E2W):** Includes the **Zapster** and **Tiger** scooter models designed for the mass market. * **Electric Three-Wheelers (E3W):** * **Passenger:** Marketed under the **Pilot** brand. * **Commercial/Loaders:** Marketed under the **Load King** brand. * **E-Rickshaws:** The foundational product line that remains a core revenue driver. **Current Annual Production Capacity (Post-Expansion):** * **Electric Two-Wheelers:** **12,000 Units** * **Electric Three-Wheelers:** **1,200 Units** --- ### **Financial Performance and Capital Structure** The company has demonstrated consistent double-digit growth in both revenue and profitability. **Comparative Financial Results (Ending March 31):** | Metric | FY 2024-25 (₹ in Thousands) | FY 2023-24 (₹ in Thousands) | Growth (%) | | :--- | :--- | :--- | :--- | | **Total Turnover** | **7,50,966.68** | **6,50,287.48** | **15.48%** | | **Net Profit** | **61,681.85** | **49,425.74** | **24.80%** | **Equity and Debt Profile:** * **Share Capital:** Authorized capital was increased to **₹13.50 Crore** in FY 2024-25. Following a **1:1 Bonus Issue** (**45,09,091 shares**) and the IPO, the paid-up capital stood at approximately **₹9.11 Crore**. * **Liquidity Management:** The company utilizes **Overdraft Limits** from **ICICI Bank** totaling **₹11.63 Crore**, secured by properties in Delhi/Haryana and personal guarantees. * **Director Support:** Includes an **interest-free loan** from Director **Jitender Kumar Sharma**, which was reduced to **₹30.64 Lakhs** by October 2024. * **Dividend Policy:** Management currently follows a policy of **reinvesting all profits** into reserves to fund expansion; no dividends were recommended for the most recent fiscal year. --- ### **Future Strategic Roadmap** Supertech EV is focused on ecosystem penetration and technological integration: * **Technological Advancement:** Integrating improved **battery technology** and exploring **battery swapping stations** to eliminate range anxiety. * **Strategic Alliances:** Pursuing partnerships with charging infrastructure providers and service aggregators. * **Market Expansion:** Introducing new products at various **price points** to capture broader consumer segments and exploring **international markets** for a global footprint. * **Governance:** Strengthening board oversight with the appointment of **Mr. Sanjay Gupta** as an **Additional Non-Executive Director** in **April 2026**. --- ### **Risk Factors and Mitigation** The company operates in a high-growth but volatile sector, managing the following key risks: * **Supply Chain Concentration:** Reliance on a **limited number of key suppliers** for critical components. * *Mitigation:* Active efforts to **diversify the supplier base** and strengthen supply chain infrastructure. * **Input Cost Volatility:** Rising costs of EV components and potential defects can impact margins. * *Mitigation:* Improving manufacturing efficiencies at the new Karnataka facility and continuous quality monitoring. * **Competitive Landscape:** Intense competition requires rapid innovation. * *Mitigation:* Leveraging the **BSE-SME listing** capital to maintain a first-mover advantage in specific regional micro-mobility markets.