Taxi Business for Sale in Hyderabad, India
For Sale: Company that provided commute services using electric vehicles in Hyderabad.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Partnership (LLP) |
| Reported Sales | USD 1.25 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | 18 % |
| Industries | Taxi |
| Locations | Hyderabad |
| Local Time | 3:57 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
30.6 thousand
(Native Currency: INR 2,700,000)
Reason: Due to delay in EV policy rollout and our growth funds being hindered because of the pandemic we hav...
View More
Includes physical assets worth
USD
30.6 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Documents
Business Overview
- We are an urban last mile connectivity service that is based in Hyderbad.
- Company's operations have temporarily been put on hold due to the current global scenario.
- We provided last mile connectivity to and from metro stations in fixed routes.
- Had 2 routes that passed through residential areas multiple times a day.
- Users could book seats on these cars on the app for shared rides and get off on the routes. The app has been removed from the Play Store but can be put up again once the business is operational.
- We had a pilot run for around 10 months during which we covered more than 21,000 Km and has 1,200 passengers. Many of our passengers were recurring.
- Company had 2 owned electric cars to provide the commute services. On average each car made around INR 750 daily.
- We were one of the first all electric ride share platforms in Hyderabad that took app based bookings.
- Company took a firm step towards reduction of pollution, both air and noise and eased daily commute for all common citizens / residents.
- We planned to incorporate route optimization both with the help of latest technological tools such as machine learning, artificial intelligence, data analytics and IoT along with experienced fleet managers.
- Ready to scale up the business in a BSE listed company also.
- Company's operations have temporarily been put on hold due to the current global scenario.
- We provided last mile connectivity to and from metro stations in fixed routes.
- Had 2 routes that passed through residential areas multiple times a day.
- Users could book seats on these cars on the app for shared rides and get off on the routes. The app has been removed from the Play Store but can be put up again once the business is operational.
- We had a pilot run for around 10 months during which we covered more than 21,000 Km and has 1,200 passengers. Many of our passengers were recurring.
- Company had 2 owned electric cars to provide the commute services. On average each car made around INR 750 daily.
- We were one of the first all electric ride share platforms in Hyderabad that took app based bookings.
- Company took a firm step towards reduction of pollution, both air and noise and eased daily commute for all common citizens / residents.
- We planned to incorporate route optimization both with the help of latest technological tools such as machine learning, artificial intelligence, data analytics and IoT along with experienced fleet managers.
- Ready to scale up the business in a BSE listed company also.
Products & Services Overview
Urban electric mobility service, a MaaS product (mobility as a service) that connects to the metro rail stations and other major hubs, contributing to end to end electric urban mobility at very affordable rates, with a major social impact in mind.
Assets Overview
2 electric cars, customer side, driver side and management side software application with payment gateway, software product with IP.
Facilities Overview
Office space and car parking with charging facility.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder, IT, Hyderabad, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysPartner, Investments, Bengaluru, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Chennai, Financial Consultant connected with the Business
Tags:
Limo Service Business for Sale in Hyderabad, India
·Purchase Limo Service Business in Hyderabad, India
·Limousine Business for Sale in Hyderabad, India
·Purchase Limousine Business in Hyderabad, India
·Buy Limo Service Business in Hyderabad, India
·Taxi Business for Sale in Hyderabad, India
·Buy Limousine Business in Hyderabad, India
·Purchase Taxi Business in Hyderabad, India
·Cab Business for Sale in Hyderabad, India
·Purchase Cab Business in Hyderabad, India
·Buy Taxi Business in Hyderabad, India
·Buy Cab Business in Hyderabad, India
·Limo Service Business for Sale
·Limousine Business for Sale
·Taxi Business for Sale
·Cab Business for Sale
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
12 Buyers already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 63,000+ other businesses of all sizes.
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.
You might also be interested in these businesses