Victory Electric Vehicles International SME IPO Details

Victory Electric Vehicles International Limited is an emerging player in India’s electric mobility sector, originally incorporated in 2018 and based in New Delhi. The company was promoted by industry professionals including Sanjay Kumar Popli, who has played a key role in driving its growth and strategic direction. Over the years, it has focused on building capabilities in manufacturing electric vehicles, particularly catering to the growing demand for sustainable and cost-effective transportation solutions.
The company is engaged in manufacturing a wide range of electric vehicles such as e-rickshaws, electric three-wheelers, cargo loaders, and electric scooters, along with customised vehicles for commercial applications like food and ice-cream vending. Its business model is centred on producing affordable EVs for last-mile connectivity and commercial use, targeting both domestic and select international markets. By focusing on utility-driven vehicles, the company aims to benefit from the rising adoption of electric mobility in India.

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