Taxi Company Investment Opportunity in Delhi, India

Largest electric vehicle fleet operator currently doing over 100k rides a day.

Established 5-10 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 700 thousand
Run Rate Sales USD 2 million
EBITDA Margin 20 %
Industries Taxi
Locations  Delhi
Local Time 12:39 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 2.7 million for 5.0% stake (Native Currency: INR 200,000,000)
Reason: Business diversification.
Includes physical assets worth USD 1.3 million
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Documents
Business Overview

- We are a passenger service provider with a fleet of 1000+ electric vehicles and have delivered over 50 million rides in the last 4 years.

- Our major clientele includes Delhi Government, Haryana Government, Delhi Metro Rail Corporation (DMRC) and have MoUs with multiple states expanding across India.

- We also cater to over 50 corporate clients.

- Our company aims at saving the environment from hazardous emissions from petrol and diesel vehicles.

- Have associations with payment gateways such as PhonePe for our app based booking system.

- We procure our vehicles from Kinetic India and vehicles are owned by the company.

- We have MoUs with leading lithium and lead acid battery providers.

- Have 20+ charging hubs across Delhi NCR capable of charging 1,200 vehicles simultaneously.

- Planning to increase the area of operations in states such as Uttar Pradesh and West Bengal.

- Our sales have jumped compared to the previous year due to addition of 500 more vehicles to our fleet.

- We raised INR 100 crore Series B from well respected Japanese multinational in mid 2019.

Products & Services Overview

Electric vehicle passenger service provider via mobile app.

Facilities Overview

20+ charging hubs with total area of over 100,000 Sq Ft.

Recent Activity
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
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

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more