• The company's revenue is very dependent on a few states as well as some dealers.
• Relying too heavily on third-party suppliers for major components in their electric vehicles.
• Functions in the strongly competitive and fragmented market for EVs with low barriers to entry.
• Decisions from previous insolvency matters handled by the NCLT could affect investor
• The operation of businesses relies greatly on promoters and top management.

• A known EV brand with a varied product mix of e-rickshaws, loaders, and scooters.
• Capability to provide customized electric three-wheelers for niche business segments.
• Operation in high-demand Electric Vehicle markets facilitated by the government's EV policies.
• Asset-light dealer-led distribution model in various Indian states.
• Seasoned promoters with knowledge of the EV ecosystem