Fund raise and business valuation for a startup in the electric mobility space

The client, a Coimbatore based E2W  start-up was keen on expanding its product outreach to South East Asia and raise funds for scaling its electric mobility business.

Problem Statement

We were engaged to raise funds and conduct business valuation raising including syndication of Series A funds. The engagement involved development of:

  • Financial Model
  • Investment Memo
  • Investor Pitch
  • Business Valuation

Action Taken

  • Detailed the client’s revenue and cost side assumptions
  • Developed a discounted cash flow based financial model to determine the estimated revenues, Costs, EBITDA, and Valuation of the firm considering the revenue streams
  • Created a valuation summary sheet including key ratios and margins
  • Determined the investment requirement and potential returns from scaling
  • Developed an investor pitch
  • Estimation of total future requirement of the financing and fund infusion schedule
  • Supported the client in investor search (30+) and pitching


  • Conducted business valuation and evaluated the operational requirements of scaling the business
  • Our recommendation enabled the client to identify potential external investors, evaluate the business model and scaling requirements