As far because the inspirational tales go, this one will function proper on the prime of that record.
From working as a loom employee to constructing an electrical scooter firm is one thing you don’t get to see on daily basis. This is the story of a sure Devireddy Venugopal who dropped out of faculty within the sixth commonplace as a result of household obligations. After his dad remarried, he was pressured to give up college and work as a loom employee to make ends meet. That is when he needed to drop out of sophistication sixth. Beating all odds, he cleared his tenth grade by means of open education and earned a diploma as a diesel mechanic.
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Loom Worker Electric Scooter
After finishing his diploma course, Venugopal began working as a set govt at an insurance coverage firm on the age of 19, incomes a humble Rs 5,500. For the following few years, he labored within the finance sector making an attempt to stabilise his life. During this time, he developed a eager curiosity in two-wheelers and even tried to get a Bajaj dealership. But he was rejected for being too younger to deal with a enterprise. After toiling for some time, he met his spouse at Indian Overseas Bank, N Padmavati. She turned out to be his greatest supporter and propelled him to observe his desires.
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Lending monetary and emotional assist to him, he lastly managed to open a Vespa scooter sub-dealership in Dharmavaram in 2016. It was established beneath his banner, Venu Motors. From there on, he understood the two-wheeler business in India and went for one and a half years of coaching to find out about electrical scooters. He additionally obtained a license from the Government of India to start out manufacturing electrical scooters in 2021. He started manufacturing in August 2021 with an funding of Rs 50 lakh.
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There was no turning again from that. Within the primary yr of the operations, he has raked in over Rs 6 Crore by promoting 1,145 items of his two fashions, Thunder and Wenu. The Thunder is priced at Rs 74,444 on-road, whereas the Wenu prices Rs 76,666, on-road. The e-scooters could be charged in 3-4 hours and have a spread of 80 km. Venu Motors has 35 sellers throughout Telangana, Andhra Pradesh, Tamil Nadu, and Karnataka and goals to have 10 sellers in South India by March 2023. This is an inspirational story of a loom employee who constructed an electrical scooter firm.
Source: The Weekend Leader
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