Metro Ride is an EV booking platform that provides a smarter and more eco-friendly way to travel. Their platform uses AI-based technology to simplify the booking process and offer a convenient way to book electric vehicles for daily commutes or travel needs.
“With Metro Ride, finding an available EV near you and comparing prices is a breeze. Their fleet of electric vehicles is not only environmentally friendly but also offers a comfortable and safe ride for all passengers.”
EVs Booking Platform Business In India(Case Study)
“Metro Ride’s focus on sustainable transportation is not only good for the environment but also helps you save on fuel and maintenance costs. Their AI-based platform ensures a seamless booking process and a stress-free travel experience.”
“To join the green revolution and book your next ride with Metro Ride, visit their website or download their app today. You can also subscribe to their newsletter to stay updated on the latest news and promotions.”
Entrepreneur Name – Kaaman Agarwal and Girish Nagpal
About the Entrepreneur – Hailing from Delhi, Kamal Agarwal, and Girish Nagpal possess a wealth of experience in their respective fields.
Kamal has a background in technology, having worked at Oracle for six years before relocating to the United States, where he spent another 12 years gaining valuable experience.
Girish, on the other hand, boasts 15 years of corporate experience.
| Brand Name– | Metro Ride |
| Brand Website- | https://metroride.in/ |
| Business Category– | EVs Booking Platform |
Innovation – Yes, The vision of the Metro Ride Business is to provide an easy, cost-effective, and eco-friendly mode of transportation for metro commuters.
This is achieved through the use of electric vehicles (EVs) on fixed routes, which start from metro stations within a four-kilometer radius.
| Company Valuation– | ₹75 Crores. |
| Equity Asked– | ₹75 Lakhs for 1% Equity |
| Deal Closed– | No. |
| Target City/Country- | India |
| Total Addressable Market- | USD 3.21 billion |
| Product/Services– | AI-based Platform to Book EVs |
About the Product – Metro Ride is an electric-based platform that utilizes AI technology to connect daily commuters with public transportation.
Their app allows users to book 2-wheelers and 3-wheelers that are 100% electric-powered, which can transport them to the nearest metro or rail station.
The company employs women drivers in its fleet and currently operates in Delhi, Bangalore, and Hyderabad.
With over six lakh customers served, the Metro Ride app is available on both Android and iOS platforms.
The average waiting time for a ride is just two minutes, with a maximum waiting time of 12-15 minutes during peak periods.
Metro Ride is not in competition with public transport services but instead serves as a complement. They have even partnered with Hyderabad metro services, allowing users to book metro tickets through their app.
Conclusion –
Kaaman Agarwal and Girish Nagpal asked ₹75 Lakhs for 1% Equity, None of the sharks were interested in the deal. It concluded in No Deal.
