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Prakriti E Mobility, an app-based taxi service, intends to start B2C services from December 2022 onwards under the name ‘Evera’.
Nimish Trivedi, Co-Founder and CEO, Prakriti E Mobility, in conversation with Prediction of movement, noted that initially, the company will limit its services to running the airport. He added that the operation will be limited to Terminal 3 of the Indira Gandhi International Airport for the first three months before expanding to other terminals.
Prakriti E Mobility previously operated in the B2B space, providing EV vehicles to corporate businesses looking to reduce their carbon footprint. Trivedi said that for the new B2C company, the company has partnered with MakeMyTrip (MMT), under which the latter will provide bookings from the airport to the city with EV car service companies.
At the same time, in terms of B2B operations, it intends to expand its company with partners, such as Forex and Carzonrent, etc., because it induces more EVs to its fleet.
In particular, the company intends to distribute its resources equally between two business models, B2C and B2B. However, the co-founder added that the b2b business will always make more money than the b2c side.
Regarding fleet size, the company currently has 250 Tigor EV / Xpres-Ts running on its platform, with Prakriti E Mobility owning 60% of the fleet. The company recently announced the signing of an agreement with Tata Motors to purchase 2,000 e-sedans by October 2023.
According to the CEO, the company intends to increase its fleet size by 750 vehicles by the end of FY23. In addition to the Tigor EV / Xpres-T, the company is considering using a few BYD e6 MPVs under its platform as it begins B2C operations.
Strategy, investment and more
During the discussion, Trivedi mentioned that with the existing fleet size, the ‘Evera’ business aims to focus on high-traffic areas such as nearby airports. Interestingly, the company’s partnership with MMT ensures access to airport rides in any city where it operates.
He said that the company has the intention to expand to 2nd class cities from now on, due to the rate The improvement of high-flying aircraft in these cities. However, he added, expansion to other cities will not happen in the current fiscal year.
For this financial year, the company aims to improve its offering in terms of applications while still achieving breakeven point in revenue.

The company started its journey amid the first wave of the pandemic in May 2020. While movement across the country was stopped due to the national lockdown, Prakriti E Mobility was forced to look at alternative business plans for sustainability and growth in the market.
At that time, the company entered the government’s Jeevan Seva scheme, in which it signed a two-year contract with the GoI to provide 24X7 van services to patients in need, claiming to have helped around 40,000 patients. The two-year term of the contract.
Under this, the company has a fixed income. However, as the contract ends in March 2022 and it has to work on expanding its business, Prakriti E Mobility’s earnings have been good. However, Trivedi assured that the cab-based app service platform intends to reach the breakeven point by the end of December 2022.
He added that the goal will be achieved with the help of a fund of 5 million dollars, including 2 million dollars Bye received.
In addition to managing its revenue, the company intends to work on other aspects of the business with the newly raised funds.
Beginning in the field of technology, initially, Prakriti E Mobility sourced its technology from a technology company in the United States. However, with the initial change in business model, it was forced to change its technology vendor to an Indian technology company.
Now that the market is stable, the company intends to create its own technology to improve the customer experience. In addition, the company intends to eliminate existing drawbacks that customers often encounter with app-based taxi services, such as canceling the ride from the driver’s parking lot.
In addition to this, the funds will also be used to start the b2c side of the operation while also adding resources such as cabs and charging stations.
Prakriti E Mobility has partnered with Tata Power for its charging needs, and it claims to have installed around 70 EV chargers across two centres, in Rajokri and Okhla.
Meanwhile, the app-based taxi service plans to use around 5,000 EVs on its platform in Over the next two years, while still completing 100% of the ship, the CEO concluded.
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