Ahmedabad-based EV Charger Manufacturer Tirex Transmission Secures 2 Mn in Funding from an HNI

TIREX TRANSMISSION, an EV charger manufacturing company announced the infusion of $2million from an ultra HNI investor.

Tirex Transmission Private Limited, a leading EV charger manufacturer based out of Ahmedabad secured a growth funding of 2 Million USD. Tirex, a pioneer in the EV Charger Industry for DC fast chargers, is today a supplier of choice not only for the private EV sector but also the government.

This $2 million funding will fuel Tirex Transmisson Private Limited's Growth and R&D efforts for international markets where USA is the first country of focus.

Founded by Mr Sanskar Patel, Tirex Transmisson Private Limited started its journey in the EV Charger domain in 2017 in Ahmedabad, Gujarat. The company is one of the pioneers in the EV Charger Industry for DC fast chargers. With its skilled team of Engineers, cloud-based CMS (charger management system), and a fully equipped R&D facility, Tirex Transmission Private Limited today is a supplier of choice for DC chargers for Govt, Private & MNC companies. The company offers global standard EV Chargers (AC and DC chargers) and EV Charging management solutions to meet India's focus on controlling carbon emissions and air pollutants.

Given the exponential growth the EV segment is experiencing in the domestic market, and across the world, Tirex Transmission Private Limited needed funds to scale up operations to make the best of the growth curve. Hence they approached GetFive Corporate Advisors LLP, an Ahmedabad-based boutique Investment Banking and M&A Transaction Advisory firm, for funds raise.

The quick turnaround ensures that the company can now embark on its growth trajectory, estimated to be a minimum 6-7 times the topline growth of the previous financial year.

An elated Sankar Patel, Founder and MD, Tirex Transmission Private Limited, said, "It was in 2017, on seeing the direction EV was taking, that we embarked on our journey. Now that we have established ourselves well in the industry, it is time to take the leap. That is why we approached GetFive to help us raise funds. Working with them has been a joyride. Not only we could secure the funds within the stipulated timelines, but working as an extended team, they also guided us on various financial aspects of our business."

Shrikant Goyal Founding Member and Managing Partne - GetFive

"It was exciting to work with Mr Sanskar Patel and his team. Given the explosion that the EV segment is experiencing, the value they are creating in the EV charger market is commendable. Sanskar Bhai's passion and clarity in vision on what he wanted to achieve fuelled our efforts to close the deal in under four months", said Shrikant Goyal, Co-Founding Member and Managing Partner GetFive Corporate Advisors LLP.

About Tirex Transmisson Private Limited

Tirex Chargers- Simple, Qualityand non-stop EV charging for everyone

Tirex Transmission Private Limited is an EV charger manufacturing company based out of Ahmedabad, Gujarat, India. Tirex offers a complete range of Fast & slow Electric Vehicle Chargers forFour Wheelers, Commercial & Passengers Buses, Trucks and more with a wide voltage range from 3.3kw to 360kw and all different connectors. Tirex Chargers are sleek, fast, and reliable.

Tirex products are as per Bharat (Government of India) & International Standard Protocols. All of companies products are verified and certified by ARAI (Automotive Research Authority Of India) and CE.

Backed by a highly educated team of researchers & managers they have created a strong business model around their products and services, which maximizes customer’s value and minimizes the cost.

About GetFive Corporate Advisors LLP

GetFive Corporate Advisors LLP, is a boutique Investment Banking and M&A Transaction Advisory firm based out in Ahmedabad. GetFive prides itself on being an agile and dynamic financial firm that believes in customer delight. GetFive, with the mission to unlock the business potential of its clients, offers financial consultancy in Fundraising, Merger & Acquisition, Transactional Advisory, IPO Readiness assessment, and Start-up advisory services. Headquartered in Ahmedabad, Gujarat has offices in USA, Australia, Canada, Norway& New Zealand.

GetFive Helped Rises Analytics Pvt. Ltd. Raise Seed Funding

The capital infusion will accelerate Rises Analytics Pvt. Ltd.'s rapid growth

 GetFive, a one-stop-shop for all financial & advisory needs of Startups, SMEs & MSMEs, today announced that it has helped Rises Analytics Pvt. Ltd. to secure seed funding from Kuwait-based NRI Investors. 

Rises Analytics Pvt. Ltd. is high-tech computer software and services-based health tech startup. They are engaged in creating analytical health reports leveraging Artificial Intelligence, Machine Learning, Deep Learning, BigData, blockchain and Cloud Technologies. The company has B2B SaaS model with clientele in healthcare, life sciences, pharma, diagnostics and hospital chains. 

Shrikant Goyal, Founding Member & Managing Partner, GetFive

After having a winning idea and team, the company was looking for suitable investor to understand the tech aspects behind the idea.

GetFive team took stock of the solutions they were bringing to the market with an in-depth understanding of the proposed business model, and post due diligence, they advised the team to seek seed funding and set out to help them secure one.

GetFive reached out to 25-30 investors. Finally, it was the offer from Kuwait-based NRI Investors that was signed off.

GetFive offered complete turnkey services, right from finding a potential investor to convincing the investor on the soundness of the business model, which they helped finetune, to servicing all the paperwork.  

The entire project was turned around in 3 months, again bringing to fore GetFive's expertise in this field and their ability to work with Indian & International entities seamlessly.

Shrikant Goyal, Founding Member and Managing Partner, GetFive commented on the announcement, "It was a pleasure working with Mr. Ajit Deshpande and his team.  What they are bringing to market is revolutionary and we are totally convinced on the concept and the value it will bring. Our due diligence corroborated the same.  I feel it was this conviction and Mr. Ajit's passion that was the fuel behind completing this project in record 3 months."

"We approached the GetFive team for the raising of seed capital. They helped us raise funds, but the guidance we received in finetuning our business model and improving our customer outreach roadmap was the real icing on the cake. The GetFive team worked as partners with us rather than advisors. We wish them a lot of success.", said Ajit Despande, Managing Director, Rises Analytics Pvt. Ltd.

About GetFive

GetFive prides itself on being an agile and dynamic financial firm that believes in customer delight. GetFive, with the mission to unlock the business potential of its clients, offers financial consultancy & Fundraising, Merger & Acquisition, Transactional Advisory, IPO Readiness assessment, and Start-up advisory services. Headquartered in Ahmedabad, Gujarat has offices in USA, Australia & New Zealand.

About Rises Analytics Pvt. Ltd.

Established in 2017, Rises Analytics is high-tech computer software and services-based health tech startup. They are engaged in creating analytical health reports leveraging Artificial Intelligence, Machine Learning, Deep Learning, BigData, blockchain and Cloud Technologies. The company has B2B SaaS model with clientele in healthcare, life sciences, pharma, diagnostics and hospital chains. 

GetFive Enabled Financial Transformation of Over 100+ Organizations

Shrikant Goyal, Founding Member and Managing Partner, GetFive

GetFive, a one stop shop for all financial & advisory needs of Start-ups, SME’s & MSMEs has successfully enabled 100+ businesses to achieve their desired outcome.

The company assists organizations in gaining Actionable Financial Insights that enable long-term sustainable growth, business transformation, and strategic financial decisions. Working as a trusted growth partner, they bring financial expertise to the table.

GetFive offers a SMART financial support for Startups, SMEs and MSMEs through Fund Raising, Merger & Acquisition, Transactional Advisory, IPO Readiness assessment, and Start-up advisory. Irrespective of the stage that the business is at, GetFive team understands the requirement and tailors the solution to fit their needs.

Established by Shrikant Goyal, Anand Sanghvi, Naishal Shah, Jindagi Sanghvi and Mukesh Jiwnani has achieved milestone success working with organizations like Anand Seamless Tubes Pvt. Ltd., Davat Beverage, Captain Tractors, Phoenix Flexibles Pvt. Ltd., MASCOT Infrastructure, TiTop, SAMARTH Life Science Pvt. Ltd among others. 

The company helps clients optimize their plans and secure efficient funding. For clients on the growth path, they help maximize financial performance, create a fundable and valuable financial record and enable funding expansion. They advice clients on how to manage adversities.

Commenting on the same, Shrikant Goyal, Founding Member and Managing Partner, stated "At GetFive, customers come first. We believe in being our customer’s partner in success not a consultancy. We work with them to truly understand the business and goals before devising strategies that maximize their potential. We believe in living our mission of helping businesses unlock their potential."

GetFive is dedicated in helping companies thrive. The team has an extensive experience of 15 years in advising and supporting small and medium companies in a wide range of industries and situations. The company brings its customers a combined financial, commercial, taxation, compliance and growth perspective to make their entrepreneurial experience a successful one.

About GetFive

GetFive prides itself in being an agile and dynamic financial firm which believes in customer delight. GetFive with the mission to unlock the business potential of its clients offers financial consultancy & Fundraising, Merger & Acquisition, Transactional Advisory, IPO Readiness assessment, and Start-up advisory services. Headquartered in Ahmedabad, Gujarat has offices in USA, Australia & New Zealand.