Go Go Technology - SWOT

GoGo is a new safe, advanced, and affordable personal electric vehicle for adults with reduced mobility. The versatile, century-old, rear-wheel-drive format includes machine vision and IoT to unlock its full potential.

Additional Details

  • Currency:INR
  • What is the total investment that you have made?: 5000000 to 10000000
  • What is the total investment that you need?: 5000000 to 10000000
  • The Deal:Equity, Loan
  • Strengths:Dozens of pre-order deposits & 100 subscribers on the waitlist. Production commencing in July 2023. Patented Technology. Use of innovative technology, such as advanced battery systems, and remote diagnostics, to enhance the performance and convenience of electric wheelchairs.
  • Weaknesses:The company may be dependent on a few key suppliers, which could make it vulnerable to changes in its production or pricing.
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  • Opportunities:India's wheelchair market stood at USD188.13 million in 2022 and is expected to grow at a CAGR of 7.87% during the forecast period. Growth in demand for electric wheelchairs: The demand for electric wheelchairs is increasing, providing opportunities for the company to attract customers and grow its business.
  • Threats:Fluctuations in exchange rates can affect the cost of imports or exports for the company. Changes in the political or economic environment, such as changes in government policies or trade agreements, can affect the business environment and the demand for the company's products.

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