PHYEV MOBILITY SOLUTION PRIVATE LIMITED

In their own words

PHYEV Mobility Solution Private Limited is a disruptive ride-hailing platform designed to bridge the gap between users and cabbies by offering optimal pricing, minimal service charges compared to competitor, same-day settlements. With a mission to challenge the existing duopoly, PHYEV focuses on Tier 2 cities initially, leveraging a scalable model to expand into Tier 1 metros, an unlisted private company incorporated on 01 May 23 with CIN U77100KA2023PTC173095. The company has been founded & promoted by Industry veteran coming from versatile domain expertise and background A: USER- Value for money is degrading Cancelled rides, Rising fares, Surge Prices, Cancellation by Cabbie due to low income & Platform Commission. The value for user Spent is decreasing day by day with duo-poly in market. B: CABBIE- Restlessness on falling income levels Non-fulfilment of their expected earnings on the service provided with their asset due to hefty platform charges (or) commissions (28-35%) charged by leading Indian Aggregators. The Income level have drastically dropped for Cabbies resulting a restlessness due to prior commitment on earlier high income PHYEV intend to minimise this Gap with optimal pricing and value for money proposition for user and simultaneously enabling CABBIE reasonably decent earning per month, With PHYEV (5) Unique strategy 1. Minimal service charges (~ ₹1.5 / Km ) on service 8-12% v/s 28-35% by competition 2. Same day settlement (Going forward real time) so that CABBIE is not empty pocket 3. Unique referral system for CABBIE No burden of Cabbie acquisition cost or Bonus. 4. No Surge Pricing on but only in case of high demand/competition 5. Low /No Customer acquisition cost & Improves rate of returning customers.

Written by the company on its public Startup India profile. Not verified by us.