Area of electric mobility solutions

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EnergetiCo is a company in the area of electric mobility solutions. After multiple rounds of funding and investing significant effort and resources they developed and released two models of electric scooters in the market. They have been relatively successful with a present market share of 17% which translates to revenues of $14 million USD (~?100 Cr. INR). The electric scooters segment estimated to be worth $82 million USD (~?560 Cr. INR).

Being one of the first companies in this segment, after a break-even period of 6 years, EnergetiCo enjoyed a steady growth rate of 10-12% over a 5 yr. stretch. With the introduction of a "pay-as-you-use" business model they have added to their top-line and continued to grow. They are now planning their business strategy for the next 5 years. EnergetiCo has an R&D budget of 5% of their annual revenues.

Reference no: EM133105201

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