EV cab hailing company

By Viral
Posted On: 06 / Aug / 2021
0 582

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Transportation
Charge

Deal Status

Active

Deal Description

Revolutionising the transport using EV cabs that helps reduce heavy cost of fossil fuel and maintenance charges of ICE vehicles. This company wants to reduce high commission structure for drivers and ensure decent payout and low burnout rate. Since most cost are low, per KM it will be cheaper than ICE cabs. UBER/OLA cannot switch immediately to EV as they have high number of ICE cabs running and if they make a single day switch lot of drivers would be jobless with EMI's for cabs. So this company has carved a niche and is only using EV cabs, it has completed 200000+ KMs for pilot and is profitable per cab.

No Files Attached

Deal Value
₹ 7.99 Crore
Targeted Region
Americas

Revenue

2019-20
₹ 7.99 Crore
2020-21
₹ 7.99 Crore
2021-22
₹ 7.99 Crore
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