Took a small position (2%) in Quest Softech India Ltd. It has been recently acquired by AmpVolts AC DC Renew Private Limited.
AmpVolts is a facility management company dedicated to making EV charging infrastructure easily accessible through its upcoming network. It is based in Vadodara, Gujarat.
Shift to EV will require an intense network of power structures, cables and EV charging stations in all regions. Demand for these services will depend on the pace of shift from oil engines to electric.
Risks:
- Company has not started operations.
- Slow EV adoption rate will impact the demand of its services.
- No track record of promoter.
I will treat this as a startup investment and will not increase position till the business shows profitability.
| Subscribe To Our Free Newsletter |
