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 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.
Industry:Retail/ Consumer-based
Founded in:2008
Source of idea:
Significant Competitors:Currently there are no direct competitors. Though one may say that public transport (buses, rickshaws, etc.) could be regarded as competition.
Company Details :
Company Name:Ecomove Solutions
HeadQuarters:Mumbai
Stage of the company:Just starting
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):Did not exist
No of companies promoted:No
Profits (2006):Did not exist
Profits (2007):Did not exist
>Partnerships: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.
Initial Funding:Personal savings
Addl Funding:Angel investors
Institutitional Capital:No
Revneue Model: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.
Awards & honors:N.A.
Promoters Details :
Promoters Name(s):Ramesh V
Age:48
HomeTown:Palakkad, Kerala
Education:Masters IIM Bangalore
No of companies promoted:No
Family Background:First gen entrepreneur
Job:CEO at Prabhudas Lilladher Financial Services Pvt Ltd
Ex-Job Description:Topline and Bottomline
Favorite Book/Movie:Who moved my cheese
