Newly Established Vehicle Rental Company Investment Opportunity in Bangalore, India
|Employees||2 - 5|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 130 thousand|
|Run Rate Sales||USD 80 thousand|
|EBITDA Margin||12 %|
|Local Time||6:22 PM Asia / Kolkata|
|Listed By||Advisor / Business Broker|
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.
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 include vehicles owned by the company which are leased to the users and a warehouse which provide management & repair services.
The company is currently working from home because of covid but will open the office soon.
8 hours agoProject Head, Infrastructure, Delhi, Corporate Investor / Buyer connected with the Business