- February 25, 2024
- 27 Views
Business Overview
– We are an urban last mile connectivity service that is based in Hyderbad.
– Company’s operations have temporarily been put on hold due to the current global scenario.
– We provided last mile connectivity to and from metro stations in fixed routes.
– Had 2 routes that passed through residential areas multiple times a day.
– Users could book seats on these cars on the app for shared rides and get off on the routes. The app has been removed from the Play Store but can be put up again once the business is operational.
– We had a pilot run for around 10 months during which we covered more than 21,000 Km and has 1,200 passengers. Many of our passengers were recurring.
– Company had 2 owned electric cars to provide the commute services. On average each car made around INR 750 daily.
– We were one of the first all electric ride share platforms in Hyderabad that took app based bookings.
– Company took a firm step towards reduction of pollution, both air and noise and eased daily commute for all common citizens / residents.
– We planned to incorporate route optimization both with the help of latest technological tools such as machine learning, artificial intelligence, data analytics and IoT along with experienced fleet managers.
– Ready to scale up the business in a BSE listed company also.
Products & Services Overview
Urban electric mobility service, a MaaS product (mobility as a service) that connects to the metro rail stations and other major hubs, contributing to end to end electric urban mobility at very affordable rates, with a major social impact in mind.
Assets Overview
2 electric cars, customer side, driver side and management side software application with payment gateway, software product with IP.
Facilities Overview
Office space and car parking with charging facility.
Capitalization Overview
Not Disclosed
