Electric Mobility
COMPANY OVERVIEW
Background: Established in 2021, the company is India’s only EV Super App – A full stack EV platform for all EV related needs of buyers. It offers a complete suite of services: identifying, charging & facilitating payments at the best charging stations; purchasing the best EVs through its online & offline stores; and affordable subscription models for battery ownership – everything in 1 place.
Management Team: One of the co-founders has 9+ years of closely relevant experience and has previously served as an Associate Director with OLA’s Mobility. Another one of the co-founders has earlier served as the Product & Operations Lead & Chief-of-Staff to COO at OLA Cabs, India’s largest taxi aggregator platform
Innovation: Innovative solutions such as their EV Super App, Tech and Data-Driven approach, Battery-as-a-Subscription (BAAS) offerings etc. Additionally, the company’s efforts have led to 38 million+ green kms travelled; 11,000+ tonnes of CO2 saved & 8 lakh litres+ of conventional fuel saved till now
USE OF FUNDS
The fundraise will be primarily be utilized for:
– Launch into new markets
– Development of new product offerings
– Investments in hiring key positions
– Investments in technology.
POTENTIAL IMPACT
Further growth and refinement of their full-stack EV platform for all EV related needs of buyers at a time where adoption of EVs is anticipated to significantly ramp-up leading to additional emission savings, savings of conventional fuels and more green kms travelled.
