タイカジノ Invests in Super Highway Labs Pvt Ltd, Provider of Shuttl, An app-based mass transportation service in India

  • (former)Mobility

2019-11-25

カジノオンライン ("Toyota Tsusho") has invested in the startup venture Super Highway Labs Pvt Ltd ("Super Highway Labs"), provider of the app-based mass transportation service Shuttl in Delhi-NCR and five other cities in India The investment in Super Highway Labs was made in its Series C funding round as lead investors together with Mirai Creation Fund The combined total investment value is US$18 million, with Toyota Tsusho investing US$6 million One part-time director is scheduled to be assigned from Toyota Tsusho to the startup company

1 Background

Urban traffic congestion and air pollution have become serious social problems in India in recent years In addition, public bus transport that serves as the means for commuting to school and workplaces is inadequate for long-distance travel

In view of such conditions, enhancement of mass transit—such as bus services and other means—is expected to help mitigate traffic congestion as a result of reduction in vehicle traffic, reduce air pollution through emission control, and contribute to greater public security

Shuttl is a app-based タイカジノ employing a mobile app to pick up passengers at their designated locations and transport them to their designated destinations based on reservations made in advance The easy-to-use app offers passengers with seating in air-conditioned buses, and provides them with safe and comfortable travel Since the タイカジノ started in 2015, it has continued to grow by providing services that meet consumer needs At present, the タイカジノ has grown to cover six cities in India (Delhi National Capital Region, Kolkata, Hyderabad, Pune, Mumbai, and Chennai), with more than 2,000 buses in operation each day and a daily ride count reaching 100,000

2 Purpose of investment

タイカジノ is promoting next-generation mobility as a priority area in its Next-Generation Mobility Strategy under its Mid-Term Business Plan for FY2021

Through this investment, タイカジノ plans to support the further spread of Shuttl as a service that mitigates urban traffic congestion and air pollution In addition, タイカジノ plans to mobilize its business know-how and global network to work in cooperation with Super Highway Labs so as to foster a wider dissemination of MaaS business operations such as the bus app service

Overview of Super Highway Labs Pvt Ltd

Company name
Super Highway Labs Pvt Ltd
Location
Gurugram, India
Established
2015
Representative
Amit Singh, Co-Founder&CEO
Business description
App-based mass transportation タイカジノ
Number of employees
Approx 350 (as of March 2019)
URL
https://rideshuttlcom

The information in this release is current as of the date of announcement
Please note that information may change after the date of announcement Thank you in advance for your understanding

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