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Online Motorcycle & Scooter Rental Company Investment Opportunity in Bangalore, India

Largest bike rental company in South India.
Idea, business model and its USP: The main objective of idea is to owe affordability of renting a ride for commuting / traveling between destinations without an hassle of owning a motorbike. Also, to fill the void exist with public transport and cabs through scooter rentals. Thus, creating an alternate means of transport to commute between destinations, which addresses last mile connectivity issues of large mass of commuters. An online platform which offer motorcycles and scooters for hire on self ride basis. Verified clients can rent motorcycles / scooters on hourly / daily / monthly basis as per their requirement. We distinguish ourselves among immediate business competitors in bike rental market in following aspects: 1. Wide range of bike variants including scooters / mopeds ( target clients: daily commuters for intra-city commute ), mid-range motorcycles ( budget commuters for intra-city commute and outstation travel ), Cruisers ( tourists and bikers for long off rides ). 2. Multiple city presence with multiple pick up locations. 3. Good at vehicle health management by trained and skilled operations team members. 4. Franchisee model to transform from capital heavy to capital lite model. 5. Bike tagging model to increase the fleet size and make it a better platform in bike rental space. 6. One and only big player sustaining in bike rental space with 'Bootstrapping' technique. 7. Topping ( 1-3 ) google search only through quality service. 8. All bikes are enabled with GPS tracking device for better monitoring and security. Growth / traction achieved till date: We started our journey on 16th July 2015 with 5 Royal Enfield motorcycles in Bangalore, the company's headquarter. We are operational in 7 cities across Karnataka including Bangalore, Manipal, Mysore, Udupi and Mangalore. We will be launching our Andhra Pradesh, Telangana and Kerala branch in next 20 days. Currently, we own a fleet of 255 motorcycles and scooters operating from 20+ pick up sites across 7 cities. Average monthly revenue: 15,00,000 ( 15 Lakhs only ) Total transactions per month: 1,500 ( One thousand five hundred only ) Average transaction value: 1,200 ( one thousand two hundred only ) Average margin per transaction: 250 ( Two hundred and fifty only ) Total registered users: 35967 ( as on 27 / 3 / 17 ) Total bootstrapped amount: 1,73,00,000 ( One crore seventy three lakhs only ) Team profile and team member expertise: Passion driven team members who are determined and have clarity about road map. First start up to get licence bearing unique number which was denied to many applicants by state transport authority, Karnataka since 1997 is an example of dedication level of team. High level projections, future strategy & expansion plans: Target for next 12 months is to spread across 12 more states and generate revenue of INR. 12 crores per annum. Build brand presence and reputation across all sort of cities, tourist destinations and rural part of India where there is a scope for motorcycles and scooters rental. Post that we have flexibility to introduce franchisee and bike tagging options to make it capital lite business model and thus strengthen the roots for optimized revenue generation. Investment raised till date and investor profile: We bootstrapped promoters investment of INR. 1.73 crores and established a sustainable business model. Now, we are seeking first round of investment. Total funds needed now, it's use and expected traction that would be achieved on its burn: Seeking INR. 5 crores financial aid to expand motorcycles rental platform in PAN India. Major part of investment shall be spent for marketing, team strengthening, vehicles procurement on lease basis and a buy out partial stake. The objective of this round of funding is to achieve national presence and thus increasing sales from 1000+ bookings per month to 10000+ bookings per month. Also, to achieve user database of 1 Lakh plus. To complete licence procurement and kick start operations in following states / UT: Kerala; Andhra Pradesh; Telangana; Gujarat; Rajasthan; Chandigarh; Tamil Nadu; Puduchery; Andaman Nicobar; Odisha; Maharastra and Goa. To establish and streamline operations in aforementioned states / UT.
9.2   Andhra Pradesh , Vijayawada
Run Rate Sales
USD 330 thousand
48 %
Financial Investment
USD 600 thousand for 20% stake
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