Funding for automobile recycling is a project for recycling of end-of-life vehicles, govt. Of India policy 2016
Highlights
- New sector
- Solves global traffic and pollution problem
- High margin with good steel demand and pricing
- 8 years of experience in steel sector
- Corporate and govt. Support to start ups
- Can be diversified and globalised
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The Business
In early-stage discussion with TATA STEEL for setting up End of Life Vehicle scrapping unit in Delhi – India to dismantle and recycle automobiles, metals, batteries and plastics. Govt. of India introduced End of Life Vehicle scrapping (ELV) recycling policy in 2016 and we plan to be among first ones to grab this lucrative opportunity for which we invite supportive VC funding to setup dismantling centres across India. This is a great business investment.
The Market
Market is very new as policy brought by Govt. was in 2016 only. Currently licenses are being issued and whoever comes first will grab it and may get a first mover advantage. India plans to dismantle and recycling 10 million cars, trucks and three wheelers every year and market opportunity is huge. With steel production going up requirement for scrap is huge. India plans to reduce country dependency on imported scrap and be self-sufficient by producing scraps from cars inside country.
Progress/Proof
Company has also been recognized by Govt. Of India under Start up India – Start up India program.
Company was started with investment of only INR 200,000/- and clocked turnover of Rs. 20,000,000/- as on March 2021 with net PAT at 15% within 1 year of its operation, surviving COVID 19 lockdown and downfall with strong fundamentals.
STACOR with this partnership will get access to large customer base in growing steel sector in India and aims to increase the turnover by 10 times by 2025.
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Objectives/Future
Initially we plan to setup small centres with investment within 3-5 Crores. Here, we will procure cars, trucks, 3 wheelers more than 15 years old from market and dismantle the parts and sell the left-over steel, copper, aluminium, rubber, tyre, poly, plastic and spare parts.
For this project land requirement is around min. 1-2 acre. The manpower requirement is according to vehicle processed, we plan to setup few processing machineries as well to value add the recyclables obtained by car scrapping.
aims to work under Govt. Of India ‘Swacch Bharat Abhiyaan’ with goal of becoming a renowned player in the industry providing waste management solutions across steel, packaging, waste management, transport, retail and all industry sectors in coming years.
vision is to have dismantling centres in all states of India, tap large market shares and involve technology in the business to add value and customers, thereby contributing to the goal of reducing traffic and pollution from our daily lives.
The Deal
- The target for the Funding for automobile recycling project is $5 000 000 – With a minimum per Investor $100 000
- No Previously investment raised for this deal
- We are offering Equity 25%
- Current stage of the project is Achieving Sales
- Investor type: Any investor type is suitable for this project
- Location: India
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Disclaimer: The content of this investment opportunity has not been approved by an authorised person as defined by the Financial Services and Markets Act 2000. Relying on this investment opportunity to involve in any investment activity exposes an individual to a significant risk of losing all of the property or other investment funds. Investors should conduct their own thorough research and seek professional advice.
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