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PR 10

The document analyzes the financial feasibility of starting an electric scooter business. It discusses the growing market for electric scooters, potential revenue streams including sales, rentals and subscriptions. It also covers projected costs of starting and running the business and factors to consider like competition and demand to determine economic viability.

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omkarsonawane517
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71 views5 pages

PR 10

The document analyzes the financial feasibility of starting an electric scooter business. It discusses the growing market for electric scooters, potential revenue streams including sales, rentals and subscriptions. It also covers projected costs of starting and running the business and factors to consider like competition and demand to determine economic viability.

Uploaded by

omkarsonawane517
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PRACTICAL NO -10

Name–OMKAR SONAWANE

Class- TYCE Rollno-36 Batch-B

Subject- EDP(22032)

Title- Prepare Financial feasibility report of a chosen product or services

Financial Feasibility report on Electric Scooter.

Introduction:

Electric scooters have become an increasingly popular mode of transportation in recent


years, particularly in densely populated urban areas where traditional modes of
transportation can be inconvenient and expensive. With their compact size, ease of use,
and environmental benefits, electric scooters offer an attractive alternative to cars, taxis,
and public transportation. As a result, the market for electric scooters has grown rapidly,
with many startups and established companies entering the space.

In this financial feasibility report, we will assess the potential of starting an electric scooter
business. We will evaluate the market demand, the potential revenue streams, the costs
associated with starting and operating the business, and the economic feasibility of the
venture. By conducting a thorough analysis, we hope to provide a clear understanding of
the financial prospects of an electric scooter business, and identify key considerations that
should be taken into account when starting such a venture.

However, starting an electric scooter business requires careful planning and management.
The startup costs can be significant, as they include purchasing or leasing the scooters,
developing a mobile app for rentals, marketing and advertising, hiring employees to
manage operations, maintenance and repairs, as well as insurance and legal fees. Ongoing
operating costs also need to be carefully managed to ensure profitability, and revenue
streams need to be identified and optimized.

To determine the financial feasibility of an electric scooter business, we will assess the
market demand, projected revenues and expenses, and the economic potential of the
venture. By conducting a thorough analysis of the market and the costs associated with
starting and operating the business, we hope to provide a comprehensive understanding of
the financial prospects of an electric scooter business, and identify key considerations that
need to be taken into account when starting such a venture.

Market Analysis: The market for electric scooters has been growing rapidly in recent
years, as more people are looking for eco-friendly and affordable transportation options.
This growth is particularly evident in urban areas, where traffic congestion and limited
parking options make traditional cars and bicycles less practical. According to a report by
Allied Market Research, the global electric scooter market is expected to reach
₹3,451,587,300,000.00 (INR) by 2030, growing at a CAGR of 12.2% from 2020 to 2030.

Revenue Streams: There are several potential revenue streams for an electric scooter
business. The most obvious is the sale of electric scooters to consumers. However, there
are also opportunities for rentals, subscriptions, and maintenance and repair services.
Rental options are becoming increasingly popular particularly in tourist area, college
campuses, and other densely populated area . A Mobile app can be developed to facilitate
the rental process, allowing customers to easily locate and rent electric scooters.

Revenue Projections: To assess the financial feasibility of an electric scooter


business, it is important to project revenue and expenses over a specific time frame.
The revenue projections should take into account the target market, the pricing strategy,
and the competition. The expenses should be carefully tracked and managed to ensure
that the business remains profitable. Rental rates can be set based on the local
competition and demand, as well as the operating costs of the business. Subscription-
based models can also be explored, which offer customers a discount for signing up for
regular rentals.

Economic Feasibility: The economic feasibility of an electric scooter business depends


on the pricing strategy and the ability to control costs. The price of electric scooters can
vary widely, with some models costing several thousand dollars. However, many
consumers are willing to pay a premium for the convenience and environmental
benefits of electric scooters. To remain profitable, it is important to keep operating
costs low and manage expenses carefully. In addition, it may be necessary to explore
additional revenue streams, such as maintenance and repair services, to supplement
rental income and ensure long term profibality.
Discussion:

Based on our review of existing research and literature as well as feedback from Focus
groups and users testing, We found that there is significant demand for a meal planning
and grocery shopping app that offers easy and efficient meal planning tools and grocery list
creation . Users also expressed a desire for personalize recipe suggestions and integrations
with local grocery stores

The subscription-based model may present some challenges, as users may be hesitant to
pay for a service they can currently perform themselves. However, the app’s focus on
simplifying the meal planning and grocery shopping process for busy individuals and
families is likely to appeal to a wide range of users. We also identified several potential
revenue streams, including affiliate marketing and in-app purchases, which could help
offset the subscription costs.

Conclusion: In conclusion, the financial feasibility of an electric scooter business can


be evaluated by assessing the market demand, projecting revenues and expenses, and
analyzing the economic potential of the venture. The market for electric scooters is rapidly
growing, as more people are looking for eco-friendly and affordable transportation
options in urban areas. The global electric scooter market is projected to reach $42.2
billion by 2030, indicating the vast potential for growth in the industry There are several
potential revenue streams for an electric scooter business, including sales to consumers,
rentals, subscriptions, and maintenance and repair services. Rental options are
becoming increasingly popular, particularly in densely populated areas and tourist
locations. A mobile app can be developed to facilitate the rental process, allowing
customers to easily locate and rent electric scooters. The startup costs for an electric
scooter business can vary widely depending on the scale of the operation. Key costs
include purchasing or leasing scooters, developing a mobile app for rentals, marketing
and advertising, hiring employees to manage operations, maintenance and repairs, as
well as insurance and legal fees. Ongoing operating costs include charging and
maintenance of the scooters, employee salaries and benefits, rent or lease payments for
storage and operations space, marketing and advertising expenses, as well as insurance
and legal fees. To assess the financial feasibility of an electric scooter business, it is
important to project revenue and expenses over a specific time frame. Revenue
projections should take into account the target market, the pricing strategy, and the
competition. The expenses should be carefully tracked and managed to ensure that the
business remains profitable. Rental rates can be set based on the local competition and
demand, as well as the operating costs of the business. Subscription-based models can
also be useful.

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