Newly Established Vehicle Rental Company Investment Opportunity in Washington, United States
Established | 0-1 year(s) |
Employees | 5 - 10 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | Nil |
Run Rate Sales | USD 60 thousand |
EBITDA Margin | Nil |
Industries | Vehicle Rental |
Locations | Washington |
Local Time | 3:28 AM America / Nipigon |
Listed By | Business Owner / Director |
Status | Active |
Current milestone:
1. Successful completion of pilot operations for 10 ICE-based cars in Boston. Pilot for EVs under progress.
Management team established with a diverse experience.
2. Current staff - 16 (Full-time and part-time) based in the USA and India.
3. 12 cars are running on GetAround and Turo in Boston through a co-hosting program. Addition of 10 to 15 cars in the pipeline.
4. Development of tech stack for fleet operations and booking app under progress.
5. Former North America sustainability lead and part of the North America leadership team at Accenture joined the board of advisors.
Team members.
1. Team member 1 - Retail & Wholesale Automotive operations, Private Equity & startup.
2. Team member 2 - 0 to 1, 1 to 10, 10 to 100 scale-up experience in starting and scaling multiple businesses. He served Fortune 500 clients at Deloitte. As head of Corporate Strategy, he doubled sales in a scaled fertilizer business to $1 billion in 3 years. He was PMO and Strategy lead for a $345 m pharmaceutical venture, and ex-founder of FreightBazaar, a mobility company. Introduced several industry/country/world-firsts.
3. Team member 3 - car rental university, managed own car fleet on CarShare/RideShare platforms.
4. Team member 4 - Successful eCommerce entrepreneur with a successful exit.
5. Team member 5 - 20+ years of experience in the cargo mobility space. managed transportation operations (inter-city and intra-city) and fleets of more than 400 trucks.
6. Advisor - 20+ years of supply chain and ESG experience. Ex- senior managing director of Accenture. Head of North America ESG.
Having built a strong foundation, we are looking to expand our operations. Therefore, we are now raising a seed round of funding for US$ 1.5 m from accredited investors to:
(i) Increase the fleet size to 500 EV cars.
(ii) Expansion - new geographies (5 cities), new channels.
(iii) Develop a technology platform for digital operations.
(iv) Develop and establish the crowdsourcing model for fleet supply.
Investing in our company presents a unique opportunity for several reasons:
1. We are a digital-first clean mobility company with a unique P2B business model focussed on the shared mobility segment.
2. There is a large addressable market with the best time to enter.
3. A strong and diverse team with relevant experience led by a CEO who has successfully built and scaled multiple businesses.
4. Lean, digital, and highly scalable business model with strong partnerships in the pipeline.
EV car rental for consumers through carsharing platforms.
Long-term EV car rentals for rideshare drivers.
Long-term EV car rentals for consumers through Enterprise channels (future)
There are 4 co-founders.
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4 days, 8 hours agoExecutive Director, New Delhi, Financial Consultant connected with the Business
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Earlier than 15 daysManaging Director, Security And Facility, Hyderabad, Corporate Investor / Buyer connected with the Business