Energetica India Magazine December 2020

government for EVs. Shell E4 has been instrumental in terms of our mentorship. It validated our solutions are scalable nationally and internationally. It also provided us the platform for Networking with various enterprises and investors. We are also in discussion with Shell India to electrify their fleet for employee commutes. What are your views on government support for the start-up ecosystem in the country? Any suggestions? N ishant S aini : In my view, there are a few good schemes which are launched by the Government for Start-ups; however, they are not implemented in true letter and spirit. So essentially a start-up is not able to utilise it properly and the scheme stays as marketing exercise only. In my view there is more that can be done for promoting start-ups in India. Please share details about investor, funding, capital etc? N ishant S aini : Shell India Markets Private Limited has supported us a lot. We had received, earlier, USD 2,00,000 in a pre seed Round of funding. Our Bootstrapped Paid-Up Capital is USD 0.58 million and Quasi Capital – USD 0.32 million. What are your new targets set? N ishant S aini : We are building capacities to ride the EV wave and want to create a platform where the demand side is the corporates, airports, train stations, hotels, self-drive etc and the supply side is met by our owned, leased, and aggregate model. Under the aggregate model, the driver will be enabled to own the car and deploy on our platform to do business. The livelihood of our drivers including women drivers is maintained through assured pay-outs and welfare programs to support their families. Additionally, fleet investor partners will also be created for business growth in the community. Another operational efficiency or innovation we have brought is to merge 2 segments of B2B and B2C. B2B Passenger Mobility switching between Employee Corporate Commute & B2C Ride-Hailing Services, strategic partnership with UBER, and others for sweating the asset. EMERGING INNOVATORS 34 energetica INDIA- December_2020