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Newly Established Vehicle Rental Company Investment Opportunity in Bangalore, India

Investor sought by a company that provides cost-effective car leasing solutions for a price-sensitive market.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 130 thousand
Run Rate Sales USD 80 thousand
EBITDA Margin 12 %
Industries Vehicle Rental
Locations  Bangalore
Local Time 6:22 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 1.1 million for 25.0% stake (Native Currency: INR 80,000,000)
Reason: The company is seeking investment to expand its operations and acquire new users. They are targeting... View More
Includes physical assets worth USD 130 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

The company offers affordable lease as an alternative to car ownership. They provide IOT based car subscriptions to its users.

The company is expecting significant traction of Rs 60 lakh of guaranteed future rentals.

It is targeting B2B and B2C customers and EV vehicles.

There is a huge potential to include first-time vehicle aspirants, who previously could not afford vehicles.

A hassle-free experience is ensured by the company by providing insurance & maintenance packages.

The platform resonates with 400+ million millennials who prefer subscribing to the services provided by them over purchasing a new product.

The subscription amount can be used for tax benefits by corporates & salaried users.

The business saw a dip in sales in the last year due to Covid, but have made the recovery and is expecting an increase in the sales going forward.

Products & Services Overview

Services provided by the company are:

- Aspirational higher-end car/bike for the same price with almost 50% lower monthly EMI charges.

- They provide a full-term warranty, and a hassle-free experience by covering insurance, breakdown assistance, maintenance, and claims.

- An IoT tracking system helps maintain asset quality, manage defaults, and IoT data helps manage assets and resources better.

- Flexibility to swap, return or cancel.

Assets Overview

Assets include vehicles owned by the company which are leased to the users and a warehouse which provide management & repair services.

Facilities Overview

The company is currently working from home because of covid but will open the office soon.

Recent Activity
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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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