| Business Basics |
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| Company Name |
Ecomove Solutions |
| Founded in |
2008 |
| Headquartered in |
Mumbai |
| Company website/URL |
www.ecomovesolutions.com |
| Industry |
Retail/ Consumer-based |
| Stage of the company |
Just starting |
| Source of idea |
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| Awards & honors |
N.A. |
| Partnerships & Tie-ups |
We intend to tie-up with manufacturers and others for allied activities. Though a broad spectrum is drawn up, nothing has been tied up yet. |
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| Business description |
Ecomove is into retail transportation. With global warming, air pollution and fuel scarcity being very vital issues staring at all of us, there is a crying need for people to adopt a travel solution that is ecological and economical. We at Ecomove Solutions will provide services and travel solutions which meets both these needs.
We aim to provide...> Read more.. |
Ecomove is into retail transportation. With global warming, air pollution and fuel scarcity being very vital issues staring at all of us, there is a crying need for people to adopt a travel solution that is ecological and economical. We at Ecomove Solutions will provide services and travel solutions which meets both these needs.
We aim to provide rental service of bicycles to registered members. We would establish depots at various locations - the member can take the bicycle from one depot and leave it at another. The cost one pays would be less than Rs. 10 or 15 a day for multiple uses. Travelling by bicycle helps in dodging traffic, saves time and money and makes you healthier, and you also contribute towards reducing air pollution.
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| How does the business make money? |
| The business will make money through membership fees, advertisement on the vehicles and allied activities like cross-selling of products to the members. Besides, we may be eligible for carbon credits too. |
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| Team information |
| Ramesh V, Entrepreneur |
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| Competition |
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| Competitors |
Currently there are no direct competitors. Though one may say that public transport (buses, rickshaws, etc.) could be regarded as competition. |
| How different is your product or service? It has... |
No substitutes available |
| In what way is your product or service different? |
This service is being provided for the first time in India. The entire package, promoting cycling, is new and different. |
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
Did not exist |
0-5 |
| No. of locations |
Did not exist |
Did not exist |
| No. of customers |
Did not exist |
Did not exist |
| Turnover |
Did not exist |
Did not exist |
| Profits |
Did not exist |
Did not exist |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
Angel investors |
| Raised institutional capital? |
No |
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| Why is this startup hot? |
Most of us love cycling. In everyday life we face hassles in traveling due to traffic jams and lack of effective public transport system. Also, owning a bicycle has become really tedious since we don?t have the friendly neighbourhood mechanic. So, one needs to simply hire it whenever and wherever he goes. Besides, cycling will help reducing po...> Read more.. |
Most of us love cycling. In everyday life we face hassles in traveling due to traffic jams and lack of effective public transport system. Also, owning a bicycle has become really tedious since we don?t have the friendly neighbourhood mechanic. So, one needs to simply hire it whenever and wherever he goes. Besides, cycling will help reducing pollution and global warming. It is also very healthy. And, it is the most economical mode of transport (less than Rs. 10 a day). Therefore, an economical and ecological friendly option for people will surely be HOT.
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| What keeps the team awake at night? |
| Customers are demanding and efficiency of service should be ensured. Logistic issues are many and for seamless operations, tackling them is a real challenge.
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