Electric Bike Taxi Startup Raising Initial Funds In Kochi
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About Business
About the Startup:
The company is an upcoming electric bike taxi service tailored specifically for Kerala’s urban and semi-urban mobility needs. Positioned as a first mover, the company has proactively navigated and resolved local regulatory challenges, providing it with a unique operational edge over other entrants in the sector.
Business Model Highlights:
- Daily rental fee of INR 120 collected from riders
- 20% commission charged on each ride
- Riders have the potential to earn up to INR 30,000 per month
Planned Rollout:
In its first phase, the company aims to deploy 300 electric bikes, requiring an estimated investment of INR 5 crore.
Company Overview:
- Incorporated as a Private Limited company
- Operations targeted to launch in December 2025
- The founders have made an initial investment of INR 20,000 towards development and groundwork
With its sustainable model and strong local alignment, the company represents a high-potential opportunity in India’s growing electric mobility space.
Clientele type
The company is yet to start operations.
Premises
The operation will start under leased premises.
Asking Price Includes
The terms of the transaction will be finalized in discussion with potential investors. An initial investment of INR 1 crore is proposed, with the option to increase funding based on the venture's progress and performance.
Asking Price
INR 1.00 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The company is already registered, with all necessary planning completed. The founder has begun groundwork activities, and the venture is now seeking an investor to provide initial funding to launch operations.
Licenses
Aggregator licence
More Details
The founder brings 2 years of experience in the tech industry, with a strong background in technology and digital solutions.
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₹10 to ₹200 Cr
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