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Newly Established Taxi Business Seeking Loan in Mangalore, India

EV taxi company, established contracts with 3+ companies seeks funds to procure vehicles.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Limited Liability Partnership (LLP)
Reported Sales Nil
Run Rate Sales USD 43 thousand
EBITDA Margin Nil
Industries Taxi
Locations  Mangalore
Local Time 5:30 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 24 thousand for 11.0% annual interest, 2 years (Native Currency: INR 2,000,000)
Reason: We require funds to procure the vehicles. we have established contracts worth INR 10 lakhs/month wit... View More
Collateral Available: USD 0
Includes physical assets worth USD 4.8 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- Mangalore based mobility startup with a long-term vision.
- Focus on greens and sustainable energy.
- Providing taxi, EV, and sustainable vehicles exclusively for B2B.
- Established contracts worth INR 10 lakhs/month with three companies, which will make it easier for us to fund the interest payments.
- Utilizing EV and hybrid vehicles for taxi services.
- B2B operations only, offering white-label services with chauffeurs.
- Offering both monthly and yearly usage options for clients.
- Prioritizing safety, affordability, and customer service to reach customers.
- Revenue model includes advertisement placement inside vehicles and fare charges.
- GST and incorporation processes are already in place.
- Reported revenue is missing since we just began operations.
Products & Services Overview
Company is involved in providing taxi services with a focus on EV vehicles.
Catering only to organizations and companies with long-term contracts.
Assets Overview
Assets include:
Furniture and fixtures and intellectual property.
Facilities Overview
Office is located in central Mangalore.
Rent per month is INR 25k.
Sq ft area of 1,000.
Capitalization Overview
2 shareholders.
No loans or debts.
Self funded.
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1 Investor viewed this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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