• 2013 May 23

Company Description

The company provides mobile app based moving asset intelligence

we developed a platform with new age mobile based technology for corporate transport, by which corporates can handle their transportation of their employees effectively. This platform provides benefits like 1. Roster & Schedule Employees & Vehicles 2. Paperless transactions 3. Employee real time attendance 4. Safe & Secure Employee travel 5. Automated Billing Currently the transportation cost for Corporates is 6-8% of their operating cost, by using our technology they were able to save at least 10% of their total cost in the first 6 months of implementation. This resulted in a considerable saving for them and currently we have 23 corporates and about 50000 employees & more than 12000 fleet are using our system. We started with 6 employees and now we are more than 50 and our revenues are more than a million dollar and we are PAT positive. As we were addressing the problem areas of the corporate transport, we realized there is a big lacuna in optimization of vehicles and mismatch of demand and supply, the reason we understood was poor adoption of technology, so for the people transport we have developed a product called Drive and for the consumer trucks we have developed a platform called National Permit using new age mobile technologies. What do we do with Drive & National Permit? 1. We provide cross utilization using our platform for transporters by which they can match Demand & Supply within their fleet 2. By doing a strategic tie up with demand generators, we can provide incremental revenue for transporters. 3. We do act only act as a technology platform in this entire ecosystem.