ETRIC Startup Etric Mobility Solutions Pvt. Ltd.

transportation

Branch/Offices Locations

HYDEARBAD

Incorporated at

India , 2022

Corporate Office

HYDERABAD

Platform
WFC
Approved: 14 Feb' 2023
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Product Description

An E-MaaS Enterprise, offering Electric Mobility as a Service, with a robust technology platform as the backbone of our business enterprise. A 100% Electric Vehicle (E4W) Ride Hailing Service, which is affordable & reliable; efficient & sustainable. We are solving the pain points of the existing B2B 4W Ride Hailing Services by providing 30-40% Lower Ride Fares; Zero Ride Cancellations; Zero Surge Pricing; Insurance for the passenger for ride safety; Great User Experience.


Startup Description

Founded in March 2022 in Hyderabad; DPIIT Certified under StartupIndia Program; and building a clean & efficient E4W Ride Hailing Service, with a robust technology platform as the backbone of our business enterprise.


Product Screenshots


Business Model

Asset Light Business Model, wherein all E4W are on Operating Lease (3-5 Years); Driver Partners shall be on a fixed remuneration; Shared Charging Infrastructure shall be used for charging of the EVs during Operation. Revenue Model: (Revenue per Vehicle x Revenue Per Trip) x Number of Vehicles


Customers based in

India

Business Modal Type

Mobile App

Type of Sales

B2C, B2B

Competitors

BluSmart / Ola / Uber

Teams

SUNIL SHAHDADPURI

Co-Founder & CEO

CHIRAG P SUNTHANKAR

Co-Founder & COO

Tell us a bit about how founding team knows each other.

We worked together in Dubai, UAE for 14 years and know each other since then & when we decided to return to India in 2019 we already had the ideation of this venture.

Why did you decide to start this company?

To solve the pain points in the existing B2B Ride Hailing services industry which was dominated by duopoly of ola / Uber.

Are all the founders full-time on this project?

Yes

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