Name – SANKET SUBHASH GHARAT

Class -TYCE Roll no - 18

Subject - Entrepreneurship Development (22032)

Title :- Prepare Financial feasibility report of a chosen product / services

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 optimize
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.

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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 (INR) by 2030, growing at a
CAGR of 12% 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 areas, college campuses, and other densely populated areas. 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 profitability.

2
Discussion:-
Based on our review of existing research and literature, as well as feedback from focus groups
and user 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 personalized recipe suggestions and integration with local grocery
stores to enable seamless shopping. While there are some existing meal planning and grocery
shopping apps on the market, many users reported dissatisfaction with the limited functionality
and lack of personalization offered by these apps.

Overall, an electric scooter business can be a financially feasible venture, provided that the
market demand is there and the costs are carefully managed. By conducting a thorough market
analysis and projecting revenues and expenses, you can determine whether an electric scooter
business is a viable option for your entrepreneurial goals. As the market for electric scooters
continues to grow, there may be increasing opportunities to expand the business and explore
new revenue streams. However, it is important to remain vigilant and adapt to changing market
conditions in order to remain competitive and profitable in the long run.

Question:-

1. What is a feasibility study ?

A feasibility study is a systematic analysis and evaluation of a product opportunity
potential to succeed. It aims to determine whether a proposed opportunity is financially
and technically viable, operationally feasible, and commercially profitable.

2. How to conduct a feasibility study ?

The activities involved in conducting a feasibility study differ from one organisation to
another. Also the threshold, expectations and deliverable change from role to role

Marks Sign
Obtained
Process Product Total
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