CASE BREAKDOWN • STARTUP EQUITY FUNDING

Seed & Pre-Series Equity Round for EV Manufacturing Start-up

How Prosperis transformed engineering innovation into an investor-ready financial architecture, defending founder equity and securing long-term runway.

EV Start-up Funding Case Study
18 Mos
Cash Runway Secured
100%
Founder Dilution Cap Protected
4.2x
Valuation Multiple Achieved

The Client & Challenge

An emerging electric two-wheeler venture led by co-founder Rahul Singh had developed a proprietary battery management system and modular drivetrain. However, despite strong technical milestones and prototype testing, institutional seed investors were reluctant to commit capital due to unverified manufacturing unit economics, lack of detailed financial projections, and unclear capital expenditure milestones.

The Prosperis Advisory Intervention

Under the direction of Mayank Verma, Prosperis stepped in to perform an exhaustive 360-degree financial and commercial restructuring:

  • Unit Economics & Bill of Materials (BOM) Modeling: We established granular component-level costing, assembly labor curves, warranty accruals, and volume-tiered gross margins.
  • Discounted Cash Flow (DCF) & Comparables Valuation: We formulated an institutional DCF model incorporating realistic working capital cycles and sector-specific risk premia.
  • Cap Table & Waterfall Optimization: Designed convertible note (CCD/CCPS) options that safeguarded the founding team against excessive initial equity dilution.
  • Bilateral Investor Introductions: Managed due diligence virtual data room coordination, fielded technical accounting queries, and supported final shareholder agreement closing.

The Results & Impact

The venture successfully closed its pre-series equity funding ahead of schedule, securing full capital deployment to establish their pilot assembly line in central India. Today, the start-up operates with a solid balance sheet, disciplined financial reporting, and clear milestones heading into their Series-A round.

"Prosperis helped us build institutional-grade financial forecasts, valuation models, and an investor-ready deck for our seed round. Their commercial clarity and investor introductions were instrumental in closing our round ahead of schedule."

— Rahul Singh, Co-Founder, EV Start-up

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