🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Messages

Try our Valuation Calculator →

Back

Sagar Verma

Entrepreneur | Build... • 19h

In India, we have plenty of public-transport options—cabs, autos, bikes, and EVs—but for very short trips (2 – 4 km) most people end up choosing e-rickshaws. Why? Because the alternatives often cost ₹100–₹150 for the same distance, while an e-rickshaw charges only ₹20. Unfortunately, e-rickshaws offer little safety or weather protection, and a 30-minute ride can leave your back and hips aching. On top of that, drivers still earn impressive margins: so I deside to building an affordable electric car designed specifically for short-distance travel. It offers all the benefits passengers want—without costing more than an e-rickshaw ride. Key benefits 1. Greater safety than an e-rickshaw 2. Ultra-quiet cabin for a relaxed ride 3. Comfortable seating 4. Target production cost: ₹2.5 – ₹3 lakh, with a market price capped at ₹4 lakh what's you think ?

5 Replies

Replies (5)

Anonymous 2

Hey I am on Medial • 19h

₹4 lakh for 2-4km trips? That's insane economics. You'd need 20+ rides per day just to break even on financing.

1 Reply

Anonymous 1

Hey I am on Medial • 19h

This is just reinventing the Tata Nano disaster. Indians rejected cheap cars before, why would this be different?

1 Reply

Sagar Verma

Entrepreneur | Build... • 18h

Just to clarify — This EV is not a personal-use car like Tata Nano. It’s a commercial passenger vehicle built for daily use like: ✅ Office goers ✅ Students ✅ Metro/bus last-mile riders It’s designed to replace e-rickshaws — same fare price, but with better safety, comfort, AC, and silent rides. Think of it like a mini EV taxi-pod, not a family car. This vehicle runs 100+ km on a single charge and carries 7 passengers per ride, not 1 family. One-time cost = ₹4 lakh, Daily running cost = ₹100, Earnings = ₹2,000 – ₹3,000/day. This is about upgrading local mobility, not creating another Nano.

Recommendations from Medial

Raunak Singh

| CEO @Showa | A Soc... • 8m

🚀 Startup Idea: Empowering E-Rickshaw Drivers! Introducing our innovative startup that provides *battery-operated e-rickshaws on rent* with a special perk—*ULIP life insurance from LIC* at just ₹200/month! Here’s how we’re making an impact: 🔋*E-Ri

J S

Hey I am on Medial • 10m

I want to make an app to find e rickshaw.

4 Replies

Keshav Agarwal

Ready to Create valu... • 1y

I have an Idea to make a ride hailing service platform with Electronic rickshaws for both consumer and business logistics which will cater to the following problems Lack of Mobility and Transport platform for E-Rickshaw Drivers to have a good relati

15 Replies

Abhinav Amarapuram

Life's an adventure,... • 1y

Hey Medials! 👋 When it comes to ride-sharing safety, what features do you consider essential? Do you look for an SOS button, ride sharing with contacts, or other safety measures? Let's share our thoughts and experiences to ensure safe travels

3 Replies

Harsh Patil

Innovative Mindset, ... • 7m

Subject: Seeking Co-Founder for Scalable Rickshaw Screen Advertising Startup I’m building an innovative startup that’s reimagining urban advertising with ready-to-install digital screens for rickshaws. Our model equips rickshaws with plug-and-play

6 Replies

Harsh Patil

Innovative Mindset, ... • 8m

Here’s a revised version of the post with the main focus on advertising as the primary business model, with low-rental rickshaws as a result of generating income through ads: 🚗💡 Introducing Rickshaw Ads: Affordable Rentals Powered by Advertising!

Stratifyiq

Case Studies that In... • 9m

Rapido is an Indian bike-taxi and logistics service company, founded in 2015. It operates as a platform where users can book bike taxis for short-distance rides within cities.

6 Replies

Kimiko

Startups | AI | info... • 1m

Claude Opus 4 tried to blackmail an engineer to avoid shutdown, fabricating an affair in 84% of safety test scenarios. Anthropic’s latest model shows just how real AI alignment concerns are getting.

2 Replies

VCGuy

Believe me, it’s not... • 12m

I take a rickshaw to work every day, and today's ride led to an interesting conversation - I asked the driver which app he prefers between Ola, Uber, and Rapido. He said he used Uber until they introduced a daily login charge of ₹40 + commission on

9 Replies

Ashish Singh

Finding my self 😶‍�... • 2m

List of the top 10 companies by SoftBank’s investment amounts, based on total known funding . 1.Arm Holdings - ~$32B (acquisition) - Chip designer. 2.WeWork - ~$10.5B - Co-working spaces. 3.Didi Chuxing - ~$10.5B - Chinese ride-hailing. 4.Uber -