AAN FAQ’s

What is the objective of the AAN?

The AAN has been established with the objective of promoting entrepreneurship, mentoring entrepreneurs and enabling startup companies to gain access to funds. It provides a platform for auto and connected transport sector companies to present their business proposals and to seek funds and advice from entrepreneurs, professionals and executives with expertise in startup ventures.

How does AAN membership benefit its members?

Members can advise and mentor startups included in our accelerator/incubation program.

Members can collaborate and organize sessions for startups on various topics related to Automotive Electronics and Solutions, Artificial Intelligence, Security and V2X communications as envisioned for transportation and smart city initiatives.

Members will be getting good discounts on any training program organized by Autonebula on latest technology learning initiatives which we undertake in collaboration with our partners.

The members of AAN are provided with an enhanced deal flow, better quality due diligence and the negotiating power of indirectly pooling capital. The group also provides a forum of the fellowship of like-minded successful people. Investing in very early stage companies is inherently risky. The AAN brings together successful and experienced people who by sharing their experience and vision with the other members analyze and determine potential startup companies for investment.

Does AAN have Fund?

No, AAN does not have any fund, but AAN Managing committee has funded under a separate legal entity. Operations and Investment decisions of the funds have no relation to investment decision of AAN.

How do I become a member of the AAN?

Membership is by invitation only. One must be sponsored by a current member who knows the new member and can recommend them. For membership subscription and other details contact membership@autonebula.com

What is the average stage of the companies that present to the AAN?

AAN is open to invest in auto and connected transport sector companies with strong teams, promising or unique technology or services, large potential markets, high barriers to entry and the ability to service global markets. The members typically invest in seed stage and early stage companies.

What should my business plan contain?

You need to submit an executive summary of your business plan. The summary should have all elements of a business plan containing background information about the company, product and technology description and market opportunity. The AAN also needs to understand your business model and financial projections as well as your capital requirements and the milestones you will reach with this investment. Your executive summary should also include specific information on your customers and competition. Refer our Guidelines for Pitch Deck Presentation.

Does the AAN sign NDAs?

Because the AAN receive so many plans its policy is not to sign NDAs (non-disclosure agreements) or confidentiality agreements. AAN shares all plans received by it only with all its members. AAN members and Secretariat team members, in turn, sign an NDA with AAN.

How long does it take for a company to receive funding from the AAN?

AAN Secretariat Shortlisted businesses based on selection criteria, after presentation before the members of the AAN, you should expect a response within fifteen days. Thereafter, the secretariat of the AAN will individually communicate to you or form a due diligence committee in order to further evaluate your company. The AAN does not guarantee a time period within which a company may receive funding from members.

How much money do the members of the AAN typically invest in companies?

A typical investment size is Rs. 50 lakhs to Rs. 5 crores (approximately USD 1,00,000 to USD 1,000,000) but the members may invest more or less depending on the funding requirements of the company and the interest of the members. If the investment size is larger, the AAN may syndicate the investment with other investor groups.

css.php