A Beta Launched/Pilot phase Startup in Logistics (Electric Vehicles) from India is looking to raise funds

Posted By - Startup

BUSINESS BRIEF

We are a tech-enabled, B2B, electric logistics-as-a-service company that accelerates the decarbonization of delivery and supply chains. We intend to capture a significant portion of the Indian goods transport market estimated at $ 215 Bn and a CAGR of 10.5%, using an AI-based logistics model that uses customized algorithms and tech enabled smart electric vehicles. We have created a sector and geography agnostic asset management system which increases the utility of every electric truck by over 30-40%. Keeping an extremely low cash burn, we will achieve break-even and self-sustainability in 18 months from the start of its operations. We have tied up with an EV OEM that will supply all trucks for the build-out of the fleet. We have secured a vehicle financing source as a financing partner to allow us to scale rapidly. We will not be funding truck purchases. We have also secured multiple traditional fleet operators to deploy a large number of preferred electric vehicles on our contracts. We have soft commitments from most of the leading e-commerce, logistics, and other major FMCG companies for a large number of vehicles to be deployed over the next 2 years. Closed beta pilots with our clients have been completed and revenue operations shall start from December 2020. Our management team consists of urban and transport planners, an investment banker, an aerospace engineer, and other industry veterans who have worked in multiple parts of the e-Commerce and logistics industry. We are in the process of raising USD 0.5 Million startup funding.

Founded Year:2020

Proposal

Funding Requirement

USD 0.5 Mn

Funding Status

I do not have any investment commitment

Industry IconIndustry & Sub-Industry

Industry IconTechnology/Product/Service Offering

Electric Logistics as a Service

StartUp Stage

Beta Launched/Pilot phase

Business Segment Type

B2B

End use of fund (in %)

Technology Information

Product/Service Offering

Electric Logistics as a Service

Is your Technology Patented No

Business Document

Business Document

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