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As the cost of owning a vehicle is increasing, India is experiencing a fundamental shift towards the usage of shared mobility services. With increasing efforts to provide efficient and economical mobility solutions to the increasing population, carpooling is one of the models in shared mobility which is gaining traction among the urban population. Along with saving time and money, this service will also help in reducing the stress of searching for vacant seats in public transport, for the rider the stress of driving all by oneself for the driver. Most of the carpooling service providers are targeting the IT and manufacturing sectors since huge traffic in urban cities is created by these sectors. As the ride-sharing application in India is taking a leap, there is huge potential and market share one can expect in the carpooling industry.
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Carpool Platform Available Reports on this Title – http://meticulousbplans.com/product/carpool-platform/ • Business Feasibility Study Report • Business Model • Project Report • Business Plan • Detailed Project Report
Executive Summary and Analysis • Carpooling has been made effective, by providing web-based or mobile-based platforms which makes it easier to choose the commuter, depending on their travel time and trip distance, according to his preference. • Along with saving time and money, this service will also help in reducing the stress of searching for vacant seats in public transport, for the rider the stress of driving all by oneself for the driver. On a broader view, it is supporting in controlling traffic and pollution by cutting down on the number of vehicles on the road. • As per MBP analysis, the global ride-sharing market is expected to cross 215 Billion USD by 2025 growing at a CAGR of 19% and India is expected to get a good share of this market projection with an everyday increasing number of people switching to sharing rides rather than traveling all by themselves.
Competitive Advantage & Pre-requisite Pre-requisite Revenue Generation Skilled Employee Waste Reduction High Growth Feasibility Business License 3 4 2 Competitive Advantages Fund Plan 5 1 Required Technical Expert Digitalization Market Potential Digital Presence
Market Dynamics Opportunities Growth drivers • Traffic as well as pollution control. • Reducing the stress of searching for vacant seats in public transport. • Shift towards the usage of shared mobility services. • Willingness of people to pay for convenience providing platform. Threats Challenges • Providing safer ride. • User friendly app/website. • Major market players who are providing similar kind of services.
Financial Summary • Project – Carpool Platform • Application – Business, Individuals, Schools, Etc. • Initial Investment – 70 - 80 Lakh INR • Capital Investment – 25-30 Lakh INR
Project Profile – Project Details Manpower Required Legal Requirements Product Portfolio Carpool Platform Skilled & Executive Employee Business & Industry Requirement Employment Generation List Services Skilled Employee – XX Operator -X Admin Executive – X (Admin, HR, Account & Finance) Marketing Executive – x (Sales & Marketing) Director – X (Admin, Operation, Marketing & Finance) PAN & TAN MSME Registration Shop Act GST XXX XXX XXX XXX XXX XXX • Intercity Rides • Outstation Rides
Start-up Budget and Operational Details Slide Title • Budget (INR) • Pre-operative Expenses – XX,00,000 • Fixed Capital – XX,00,00,000 • Working Capital ( X Month) – X,00,00,000 • Total Investment – XX,00,00,000 • Cost Per Subscription – XX INR • Price Per Subscription – XX INR • Profitability – XX % • BEP – XX Years • ROI – XX % Operation Details Operation – 1st Year – XX%, Second Year – XX% and 3rd Year – XXX% Working Days – X00 Per Annum Office Requirement – Commercial Space Area Required – X Acres Power Requirement – XX – X00 Kw (x Phase)
Recent News(timeline) & MBS Analysis • Bangalore-based startup ”Quick Ride” is aiming at one million carpooling rides everyday by next year 2020 across nine cities in the country. • RedBus, an online bus ticketing platform, has launched carpooling service, rPool. • UCR (University of California) Transportation and Parking Services (TAPS) has recently partnered with Waze Carpool to help students and staff at UCR find someone to carpool with on their drive to campus.
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