eBike-Taxi start-up Promto to scale up its services

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Promto, the Delhi-based start-up extending electronic bikes-taxi services has planned to scale up its operations across the country. With a fleet of just 20 at present, Promto is eyeing to touch 10000 over next three years with an investment of $15 million. Co-founded by Karan Chaddha, the company has raised funds from angel investors and is in talks with banks to cut lease deals.

Started by four professionals, Nikhil Malik, Karan Chadha, Pawneesh Rampal and Romesh Kumar, Promto has been initiated amidst Delhi’s ongoing war against air pollution. The ambitious team decided to roll out a greener way of tackling the problem through battery operated bikes equipped with in-built GPS systems, verified and well mannered drivers as and when required.

Commenting on the launch, Nikhil Malik, Promoter of Promto said, “As the capital is heading towards its second phase of odd-even rule among numerous other initiatives of tackling pollution, we have come up with our eco-friendly take of curbing pollution.”

Promto is looking at expanding it to 500 battery-operated bikes in another six months and 10,000 electric bikes in the next three years.

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