Newly Established Vehicle Rental Company Investment Opportunity in Hyderabad, India

- Recently established vehicle rental company with 70 registered users.

- Have completed 100+ rides till date and we currently provide 2-3 rides on a daily basis.

- Have taken 6 cars on lease including 2 sedans, 2 SUVs and two seven seater vehicle. Besides that, we have access to a fleet of 30 vehicles in collaboration with a third party firm.

- The cars are parked at a storage facility that can accommodate 20-25 cars.

- The interesting thing to note is that only 10% of the car rental market is organized. The remaining 90% remains to be a potentially unorganized market waiting to be tapped via technology-driven solutions. The Government of India is displaying real intent to support domestic industries & Make in India initiatives.

- We have a wide range of cars to choose from (from budget friendly Celerios to costly BMWs). We want our customers to have a hassle free ride.

- COVID-19 is expected to have a positive impact on the business because most of the people will avoid public transport and as a result the self-drive car industry should expect a boom.

- Have hired 2 permanent drivers as an option for users that don't want to self-drive.

- We charge INR 1,800/per day for unlimited kilometres currently. All the fuel expenses are borne by the clients while we handle the vehicle maintenance. We offer 24*7 support & emergency hotline for car breakdowns and accidents.

- All the bookings are undertaken through the company website and on phone call. We will develop a mobile application in the future.

- Primarily rely on word-of-mouth promotion as a means to promote the business and drive sales. We will invest into marketing post funding.

As of now we have 6 cars with us. We have two sedans, two 5 seater SUV's and one 7 seater car. We have acquired them on a rental basis.

Since we are a startup, we don't have any assets owned by the business.

Do not have an office as of date. Plan to set up an office in the coming days. Have a car storage facility that can accommodate 20-25 cars and has been taken on rent. We pay INR 12,000/month.