Eco-Friendly EV Taxi Service Platform Raising Funds
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Product / Service
The company is a B2C taxi aggregator service and has a mobile application-based complete electric-vehicle services.
Clientele type
Company is a B2C taxi aggregator service and has a mobile app-based all electric-vehicle services. Electric Vehicles, Automobile Industries
Premises
physical asset of 35 lakhs
Asking Price Includes
stake in the company
Reason
For scaling up operations and expansion of the business.
The company has a high valuation as it raised INR 1 crore in a recent round of funding
Other Details
- Mobile app-based B2C aggregator of EV taxi service. - The application has 11,000+ downloads. - App is present on both iOS and Android. - There are 2,000 registered customers and 1,200 regular customers. - There has been a constant increase in trips and revenue since July last year (post second lockdown). - 20% of the drivers are women. - The company saves 1 kg of Co2 with every trip that its customers take. - Will soon start 24x7 operations and full-time operations at the airport. - They plan to reach 750 cars with CCD (Compulsory Convertible Debenture) investment this year. - Yamaha Motors has committed INR 2.5 crore worth of vehicles immediately and about INR 100 crores of vehicles in the near term. - The company has planned expansion in Mysore, Hyderabad, Pune, and Mumbai this year. - The company that owns the app has two shareholders and recently raised INR 1 crore. - The company was recently backed up Yamaha Motors, which is the reason for high growth rate of the business.
Business Tags
₹10 to ₹200 Cr
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