Evolet Share Price Pre-IPO: A Complete Guide for Investors

Introduction

Pre-IPO investing has become one of the most attractive ways for investors to get early exposure to companies with strong growth potential. Among India’s emerging electric vehicle (EV) startups, Evolet is drawing investor attention for its vision and expanding product line. Founded in 2019, Evolet operates as Rissala Electric Motors Limited, and is headquartered in Gurugram.

The company has already launched electric scooters, motorcycles, ATVs, and buses tailored to the Indian market. As the global and Indian EV markets grow rapidly, Evolet’s pre-IPO shares provide an opportunity to invest early, before the company goes public.

This article explores Evolet share price pre-IPO, its financial performance, market position, and whether investing in Evolet’s unlisted shares makes sense for investors in India.

Evolet’s Pre-IPO Market Performance

Currently, Evolet shares trade in the unlisted market through private deals on pre-IPO platforms. Since the company is not yet listed on NSE or BSE, its valuation is based on:

• Financial performance (Revenue of ₹9.02 Cr in FY23)

• Brand potential in the EV space

• Competitive landscape

• Market demand for EVs in India

Evolet Share Price Pre-IPO

The Evolet share price in the pre-IPO market fluctuates based on investor demand and available supply. Since it is an unfunded startup, valuations are more speculative, often linked to industry growth rather than current profitability.

Why Investors Are Watching Evolet

1. Electric Vehicle Growth in India

The EV sector in India is projected to grow at a CAGR of over 40% until 2030. Government incentives like FAME-II subsidies, GST reduction, and state-level EV policies are boosting adoption.

2. Diversified Product Portfolio

Evolet has launched:

• Scooters (low-speed and high-speed variants)

• Motorcycles (sports-focused models)

• ATVs and Utility Vehicles

• Electric Buses

This diversification gives Evolet a strong entry into both consumer and commercial EV markets.

3. Early Investor Advantage

Buying Evolet pre-IPO shares allows investors to enter at a relatively lower valuation compared to its potential IPO price. If Evolet successfully scales, early investors could see significant upside.

4. Competition Benchmarking

Evolet competes with both Indian players (Ola Electric, Ather, Hero Electric) and global giants (Polestar, NIO, Segway). While its revenue is modest compared to these players, its affordable pricing strategy could carve a niche in Tier-2 and Tier-3 cities.

Risks of Investing in Evolet Pre-IPO Shares

Risks of Investing in Evolet Pre-IPO Shares

Like any pre-IPO investment, Evolet shares carry certain risks:

• Unfunded status: No institutional capital backing yet.

• Revenue scale: ₹9.02 Cr in FY23 is small compared to industry leaders.

• High competition: Competes with heavily funded EV startups.

• Liquidity risk: Pre-IPO shares are not easily tradable until listing.

Investors must weigh these risks before considering an allocation in Evolet shares.

Evolet Share Price Pre-IPO vs. Future IPO

Current Pre-IPO Scenario

• Price based on private transactions.

• Limited liquidity.

• Risk of valuation volatility.

Future IPO Potential

• If Evolet expands its revenue base and raises institutional capital, IPO could fetch higher valuations.

• IPO listing will bring transparency, liquidity, and greater investor participation.

Evolet Share Price Pre-IPO in India: Taxation Aspect

When buying Evolet shares in India via pre-IPO platforms:

• Holding for <24 months → Short-term capital gains tax applies.

• Holding for >24 months → Long-term capital gains tax (20% with indexation).

Investors should consult with a financial advisor before investing in Evolet’s unlisted shares to optimize taxation and holding strategy.

How to Buy Evolet Pre-IPO Shares

• Investors can purchase Evolet shares from trusted unlisted share platforms like ultra.

The process involves:

• Registering with a platform.

• Verifying KYC documents.

• Choosing available Evolet shares.

• Executing payment & transfer via Demat account.

Conclusion

Evolet share price pre-IPO offers investors an early opportunity to invest in India’s growing EV revolution. While the company is still in its early growth stage, its diversified product line and focus on affordable EVs make it an exciting prospect. However, investors must balance the potential high returns with the risks of an unfunded startup in a highly competitive industry.

As Evolet scales its operations, raises external funding, and potentially moves towards an IPO, its valuation may see a significant shift.

For those willing to take a long-term bet on India’s EV future, Evolet’s pre-IPO shares could be worth considering.

FAQs on Evolet Share Price Pre-IPO

Q1. What is Evolet’s current share price in the pre-IPO market?

The Evolet share price pre-IPO varies across platforms and depends on market demand. Investors should check platforms like ultra.

Q2. Is Evolet a funded company?

No, Evolet (Rissala Electric Motors) is an unfunded startup with no institutional capital raised yet.

Q3. What is Evolet’s revenue and financial performance?

Evolet reported ₹9.02 Cr in revenue for FY 2023, with an employee strength of around 30.

Q4. How can I buy Evolet pre-IPO shares in India?

You can buy Evolet pre-IPO shares via trusted unlisted share marketplaces by completing KYC and executing transactions through a Demat account.

Q5. What are the risks of investing in Evolet pre-IPO?

The main risks include its unfunded status, limited revenue scale, high competition, and low liquidity in pre-IPO markets.