M-TAXI, an on-demand 2-Wheeler taxi service, has raised undisclosed amount of angel funding, led by angel investors named Mandeep Singh and Jairaj Singh.
Founded by Arunabh Madhur, the company aims to make last mile connectivity simpler for people. It enables the use of technology in creating safe and secure 2-Wheeler taxi services. Before founding M-TAXI, Arunabh co-founded a Media content company, has also worked at senior positions with various Media networks and has created strategies & business models.
“Last-mile connectivity is a huge issue in a city like Gurgaon and a reason that more and more private vehicles were hitting the road. Two-wheelers can be an effective taxi service within the three-to-10 km range,” said founder Arunabh Madhur.
The fare for the two-wheeler service is competitively priced at Rs 25 for the first 3 km and Rs 5 per km post that, said the report. The service will operate from Huda City Centre Metro station, where passengers can hop on and pay for the ride at the end of their journey.
The report further said that the M-Taxi service will initially start with ten 100 cc bikes, which will be ridden by fully trained bikers. The bikes will have a commercial registration numbers, which will be highlighted in yellow number-plates.
M-Taxi has already received the necessary approvals from the district transport department, Gurgaon traffic police and the state transport authority said the ET report.
“We have also carved out a special insurance package, which not only covers our riders but also our passengers while they are commuting with us,” Madhur added.