Victory Electric Vehicles International Limited

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About the Company

Victory Electric Vehicles International Limited was incorporated in October 2018 and converted into a public limited company in February 2020. The Company is promoted by Mr Sanjay Kumar Popli, Ms Seema, and Ms Palak Popli. It operates in the electric vehicle (EV) manufacturing segment in India. The Company designs and manufactures electric vehicles, including electric rickshaws, passenger rickshaws, e-loaders, cargo rickshaws, and electric scooters. Its product portfolio also includes customised electric three-wheelers for specific applications such as food vending and ice-cream distribution. Manufacturing activities are supported by a network of dealers and distributors across key Indian states. The business model focuses on in-house manufacturing, product customisation, and sales through dealer-led distribution. Revenues are primarily generated from domestic sales of EVs under the “Victory” brand. Key strengths include an established presence in the electric three-wheeler segment, a diversified product range, customisation capabilities, and experience in operating within a rapidly growing EV market supported by favourable government policies.