Vehicle Rental Company Seeking Loan in Chennai, India

Company providing self-driving 2 wheeler vehicles on rent with 90 branches across 52 cities.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 25 thousand
EBITDA Margin
20 %
Industries
Vehicle Rental + 1 more
Locations
Local Time
8:27 AM Tamil Nadu
Listed By
Management Member
Status
Active
Overall Rating
Seeking Loan
USD 40 thousand for 25.0% annual interest, 2 years (Native Currency: INR 3,000,000)
Reason: For online and offline promotion of the brand and company.
Collateral Available: USD 14 thousand
Includes physical assets worth USD 35 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Newly started 2-wheeler vehicle rental company in Chennai.

- Have a total of 90 branches across 52 cities of India and most of them are given on franchise.

- Have 10K vehicles on the road and the company owns 40 of them.

- We receive 10 to 20 bookings on a daily basis.

- Our app has more than 10K downloads with 4.1-star ratings.

- Targeting to reach 10K bookings per day by next year.

- We were concentrating on expanding our reach through the franchise route. Now we will be focussing on maximising sales.

Products & Services Overview

Self-driving 2 wheeler vehicle rental service through application and offline bookings.

Facilities Overview
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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