Key numbers
Published fundamentals and the date each figure was recorded.
Raft Motors Limited designs, manufactures, assembles and provides post-sale service for electric two-wheelers. Its December 2024 Draft Prospectus says it operates in both B2B and B2C segments, selling manufactured two-wheelers through channel partners, exclusive showrooms and experience centres, and dealers. The company reported ten low-speed and high-speed models and said Warrior and Magnetic Pro high-speed models were under development at that date. Its manufacturing model combines purchased inputs, in-house research and development, design and engineering. The DRHP describes use of a new factory at Domjur and reports installed capacity increased from 2,000 annual units to 10,000 units from January 1, 2024. The business relies on distribution and post-sale service as well as product development; the issuer states its R&D team works on features, performance, cost structure and manufacturing cost. This is a pre-IPO filing description, not an assumption about future execution.
About this company
Raft Motors Limited is an Indian electric-vehicle manufacturer operating in the high-growth electric two-wheeler segment. Incorporated in 2019 and headquartered in Mumbai, Maharashtra, the company designs, develops, manufactures and distributes electric scooters along with related components and accessories such as batteries, helmets, seat covers and parking covers. Its product range spans both high-speed and low-speed electric two-wheelers aimed at urban commuters and commercial users. The business operates across multiple channels. On the retail side, it follows a B2C dealership model, having built a network of authorised dealerships across India and into Nepal. On the institutional side, it pursues B2B partnerships, supplying vehicles to last-mile delivery and logistics operators that are increasingly electrifying their fleets. Manufacturing is carried out at facilities in Bhiwandi, Maharashtra, with additional capacity established at Domjur in West Bengal, supporting a combined annual production footprint in the low tens of thousands of units. Raft Motors is associated with the Kolkata-based Cosmic Birla Group, a parentage that draws attention within the unlisted-share community given the promoter lineage and the company's positioning in the EV mobility theme. The company was converted from a private limited company to a public limited company in December 2024 and subsequently filed draft offer documents for a proposed SME platform listing, a step that has heightened interest among participants tracking pre-listing opportunities. Investor interest in the unlisted market stems from several factors: India's structural shift toward electric mobility, government incentives supporting EV adoption, the company's expanding dealership reach, and its dual B2B and B2C revenue mix. As a pre-IPO entity that is not yet listed or trading on the NSE or BSE main board, Raft Motors is quoted on unlisted-share marketplaces on an indicative basis only, where prices are negotiated between buyers and sellers rather than discovered on a public exchange. Reported fundamentals such as return on equity and a modest debt-to-equity profile are among the metrics commonly referenced by those studying the company.
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COMMON QUESTIONS.
What is the ISIN of Raft Motors Limited?+
The recorded ISIN of Raft Motors Limited is INE1CJA01015. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.
Is trading in Raft Motors Limited unlisted shares legal in India?+
Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.
Is there a lock-in period for unlisted shares?+
A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.
Do you guarantee returns?+
No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.