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Taxi Company Seeking Loan in Jaipur, India

Jaipur based electric cab service provider seeking capital to launch commercial operations.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Taxi
Locations  Jaipur
Local Time 8:30 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 117 thousand for 15.0% annual interest, 3 years (Native Currency: INR 10,000,000)
Reason: 15% of the funds will be used to set up charging stations across Jaipur, 35% will be used to fund wo... View More
Collateral Available: USD 53 thousand
Includes physical assets worth USD 53 thousand
Documents
Business Overview
- Intend to offer electric cab services across Jaipur.
- Rides can be booked through our own mobile application.
- We intend to offer 2-wheeler, 3-wheeler, and 4-wheeler rides.
- At present, we have acquired 50 electric 2 wheelers and signed up 200+ electric 3-wheeler drivers.
- The mobile application has already been built but is yet to be hosted on the Google Play Store.
- Have signed a contract with a British firm to set up several charging points across the city.
- Have secured all the required clearances and permissions to begin operations.
- Intend to begin 2-wheeler and 3-wheeler operations in a month's time.
- Within 3 months of commercial launch, we intend to offer 4-wheeler services and also set up operations in Indore and Gurgaon.
- Promoter team has successfully launched and managed 2 startup businesses in the past.
Products & Services Overview
Cab services using electric 2-wheeler, 3-wheeler, and 4-wheelers.
Facilities Overview
1,000 sq. ft. of leased office space in Jaipur. Monthly rent of INR 50,000.
Capitalization Overview
Not Disclosed
Recent Activity
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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.
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