As part of its growth strategy, the company intend to expand the company's business operations to geographical areas in which the company has limited operation history. Its cannot assure you that the company expansion plans will be profitable or that such expansion will not adversely affect its business, results of operations and financial condition.

The company significantly relies on trading and dealerships of multi-brand Electric Vehicles, and any interruption in the said business segment may adversely affect its business and results of operations.

The company depends on its dealers for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key intermediaries may adversely affect its business and results of operations.

The company propose to use a part of the Net Proceeds of the Issue towards funding capital expenditure proposed to be incurred towards setting up of eleven dealership stores in various states in India. The company is yet to purchase real estate or enter into long-term leasehold arrangements or enter into rental agreements at locations suitable for new stores for its expansion in relation to setting up and operation of its proposed new stores. In case the company is unable to open the stores in a timely manner as mentioned in the chapter "Objects of the Issue", its may fall short of the revenue targets of the Company and this would have an adverse effect on its business, financial condition, results of operations and growth prospects.

The company plan to expand into new geographies and may be exposed to significant liability and could lose some or all of its investment in such regions, as a result of which the company's business, financial condition and results of operations could be adversely affected.

The Company is dependent on external suppliers for its product requirements. Any delay or failure on the part of the external suppliers to deliver products, may materially and adversely affect its business, profitability and reputation.

A large part of its revenues is dependent on a limited number of brands. The loss of any of its major brands or a decrease in the supply or volume from such brands, will materially and adversely affect its revenues and profitability.

The company operates in a competitive industry and its market share may be adversely impacted in case the company does not keep ourselves appraised of the latest consumer trends and technology and if the company fail to compete effectively in the markets in which the company operates.

Its inability to promptly identify and respond to changing customer preferences or evolving trends may decrease the demand for its merchandise among its customers, which may adversely affect the company's business.

Its stores are concentrated mainly in Telangana and Andhra Pradesh, and the company generate majority of its retail sales from the company stores in these states. Any adverse developments affecting its operations in these states could have an adverse impact on its revenue and results of operations.