Home / News

Travel

  • 20

MetroRide completes 5 lakh milestone

MetroRide completes 5 lakh milestone

August , 2022 – MetroRide, a Bengaluru-based Mobility tech company recently reached a significant milestone of serving half a million customers on their platform. India’s first AI-enabled electric ride-hailing platform, MetroRide is on a mission to make daily commute Affordable, Seamless & Sustainable. This multi-modal platform makes public transport accessible by solving first & the last-mile connectivity issues and making customers' end-to-end journeys seamless.

In the last 12 months, MetroRide focused on serving daily Metro commuters in Hyderabad, Bengaluru, Delhi, and Noida. It has signed MoU and works very closely with Metro corporations enabling them to onboard metro users on their app at almost Zero acquisition cost. 

Girish Nagpal, CEO, Co-Founder MetroRide says, “Our model has been built to serve the same customers every day and hence derive a higher LifeTime Value inspite of our ticket size being small. Our data analysis shows that we have close to 100% retention with customers who stick with us after the initial churn. With this proven model in place, we are now looking at growing our business 10x in next 1 year and soon closing our pre-series investment round.”

Kaaman Agarwal, CTO, Co-Founder MetroRide says, “This is a proud moment for us, not just because of the milestone but also because we have done this using Technology. We were clear from day 1 that every issue we face in this business will be solved using our tech stack. Our own AI framework, VIKI, is like our virtual assistant. For every operational issue we face, we go to VIKI for answers. During the last year, these issues have been things like –‘Issue with Cash Rides’ or ‘Customer Attrition’. Here, rather than deploying an on-ground operational team, we let VIKI monitor the day-to-day operations, making us scalable & lean.”

Unlike other ride-hailing companies, MetroRide collaborates with public transit agencies like Metro & Suburban trains by bringing multimodal ticketing on the same app. Their focus is on making public transport accessible. The mobility-as-a-service market size was valued at $128 Billion in 2021, and it is projected to foster at a CAGR of 16.8% during 2021–2030 as per P&S Intelligence Report. In India alone, over 800 CRORES rides are completed by daily commuters on Metro & Suburban trains every year. MetroRide is focused to cater to these customers for whom affordability and minimal wait times are the 2 most critical needs as per the consumer survey done by the company. MetroRide reduced average waiting time by over 80% and average ride tariff by over 50% compared to the industry averages. This is the biggest reason our regular customers never leave us, stated Nagpal. The company is backed by leading angel investors from Silicon Valley & India and has a collaboration with WRI & is supported by UK Charity Shell Foundation.

Previous News

Technology News

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Samsung Announces Exciting Cashback and Affordability Offers on Galaxy A Series Smartphones for Festive Season

Gurugram, India – October 11, 2023: Samsung announced exciting offers

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

HMD Nokia G42 5G (16GB+256GB) Variant Launched: With Snapdragon 480 Plus 5G Chipset Powers & Stylish Colours

Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

IN-SPACe unveils Decadal Vision & Strategy for Indian Space Economy

Bengaluru, October 10, 2023  IN-SPACe (Indian National Space Promotion and

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

Philips OneBlade Partners with College Rivals for an Epic Gaming Journey Enabling Gen Z to ‘Move Fearlessly’

New Delhi, October 3, India- Philips India announces an exciting co

Latest Business News

SANY India partners with J&K Bank to provide financial solutions to its customers

SANY India partners with J&K Bank to provide financial solutions to its customers

Mumbai, March 13, 2024SANY India, a leading manufacturer of construction equipment, has taken a

Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel, Ayodhya

Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel, Ayodhya

Continuing its expansion plan in India, Radisson Hotel Group is excited to announce the signing of 150-room Radisson Blu Hotel, Ayodhya. A greenfie

anastrozole 1mg us buy anastrozole pill arimidex buy online

naproxen tablet purchase lansoprazole buy prevacid 15mg without prescription

buy clarithromycin online cheap order biaxin order meclizine 25 mg generic

buy albuterol 100mcg without prescription order albuterol 100mcg online cheap cipro 500mg canada

spiriva 9mcg oral buy spiriva 9 mcg sale terazosin 5mg uk

montelukast order singulair cheap sildenafil mail order us

order actos for sale order viagra 50mg online generic viagra 50mg

cialis 5mg ca Canadian healthcare cialis buy cialis 10mg generic

tadalafil 40mg sale Cialis prices online poker

ivermectin 2ml order stromectol 3mg pill buy generic avlosulfon 100 mg

chumba casino best casino slot games best online casinos real money

buy generic nifedipine 10mg oral aceon 8mg fexofenadine tablet

play roulette best casino online best casino slots online

cost altace 10mg purchase ramipril generic buy arcoxia 120mg without prescription

online roulette game real money casino moons online casino custom dissertation

cost doxycycline 100mg doxycycline 100mg price cleocin sale

write essays online buy azulfidine 500 mg order azulfidine 500 mg sale

order asacol sale buy azelastine 10ml irbesartan us

buy olmesartan 10mg online cheap order calan online cheap order divalproex

cheap clobetasol amiodarone price order amiodarone 100mg