Business

Share mobility platform FICO Mobility raises seed round from SR Consultancy Services

ByRohit Singh

Feb 4, 2022

Chandigarh (India), February 4: Chandigarh-based share-mobility platform Fico mobility announced on Monday of raising an undisclosed amount in seed funding from investment firm SR Consultancy Services.

Harjeet Singh, Founder, Fico Mobility, in his statement said that his company plans to utilize these funds in upgradation and expansion.

Fico Mobility started in 2021 is a self-drive car-sharing platform. The company offers easy and hassle-free solutions to some of the most common problems faced by urban commuters, by offering them to choose share mobility, a mode of transportation that is more affordable, reliable, clean, and efficient.

“During the last few decades, India has seen an unprecedented boost to its urban infrastructure, particularly its mobility system. Despite that, the urban centers are under tremendous pressure due to our cities witnessing an increase in private vehicles and lesser use of public modes of transportation.

At Fico mobility, we are addressing these growing challenges by enabling efficient asset utilization by transitioning from a model of ownership of private assets to users of shared assets.” Harjeet added.

At Fico mobility, the rides are cost-efficient and hassle-free. The mobile application can be downloaded from Google Playstore and Apple Store. After a quick signup, the user is ready to share any car of his/her choice without worrying about its maintenance, fuel, or insurance. The company hosts pre-owned cars from all segments on its platform and offers users to share them on a short to long-term basis.

The car owner (host) can get on board by following a quick process. Being a part of the FICO ecosystem comes with many perks. It not only helps the host to mitigate the depreciation cost of the car but also creates a second stream of income with it.

The company intends to create a cohesive ecosystem where the hosts (car owners) and users can be seamlessly connected through data for an improved user experience.

The company also highlighted the untapped potential of India’s shared mobility market. The segment was valued at $1,025.8 million in 2019 and is expected to grow at a CAGR of 56.8% during the forecast period (2020–2025).

Founder Harjeet Singh looks very optimistic about the future. He said, “We are moving towards a smart city culture. Apart from these optimistic numbers, the fact that people are slowly moving away from a typically costly, inequitable, and inefficient way of owning a private vehicle that makes this segment so promising.”

Related Post

Business

ZEEL’s Mind Wars app reaches 111K downloads on Google Play Store!

Business

Rewards and Loyalty Gateway Benepik nears 100 Crore Revenues in FY 22-23

Business

Data Intelligence Firm, Near, to Debut on Nasdaq Under Ticker “NIR”

96 thoughts on “Share mobility platform FICO Mobility raises seed round from SR Consultancy Services”

  1. 890274 663332Whoa! This weblog looks just like my old one! It is on a completely different topic but it has pretty a lot the same layout and style. Outstanding choice of colors! 807644

  4. 647531 461850An intriguing discussion is worth comment. Im certain that you basically write regarding this subject, may possibly not be considered a taboo topic but typically persons are too small to communicate on such topics. To an additional. Cheers 64351

  47. Have you ever thought about adding a little bit more than just your articles? I mean, what you say is valuable and everything. Nevertheless think of if you added some great images or videos to give your posts more, “pop”! Your content is excellent but with pics and clips, this website could definitely be one of the greatest in its field. Excellent blog!

  49. My coder is trying to convince me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on various websites for about a year and am worried about switching to another platform. I have heard very good things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any help would be greatly appreciated!

  50. I discovered your weblog web site on google and check a couple of of your early posts. Continue to keep up the superb operate. I simply extra up your RSS feed to my MSN News Reader. Seeking forward to studying more from you later on!…

  53. Thanks for sharing superb informations. Your web-site is very cool. I’m impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found just the information I already searched all over the place and just could not come across. What a great website.

  54. I think this is one of the most vital info for me. And i am glad reading your article. But should remark on few general things, The web site style is ideal, the articles is really excellent : D. Good job, cheers

  60. You actually make it appear really easy with your presentation however I to find this matter to be actually one thing which I feel I’d by no means understand. It kind of feels too complicated and extremely broad for me. I’m looking ahead for your subsequent submit, I will try to get the hang of it!

  63. I like what you guys are up too. Such intelligent work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my site :).

  68. I wish to express some appreciation to this writer for rescuing me from this predicament. Right after checking through the world-wide-web and obtaining solutions which are not productive, I was thinking my entire life was well over. Being alive devoid of the solutions to the issues you’ve sorted out by means of your article content is a serious case, and those that might have negatively affected my entire career if I hadn’t come across your web page. Your personal ability and kindness in handling every aspect was crucial. I don’t know what I would’ve done if I had not discovered such a point like this. I can at this moment look ahead to my future. Thanks a lot very much for your specialized and sensible guide. I won’t be reluctant to suggest the website to any person who needs guidelines about this subject.

  75. Good – I should certainly pronounce, impressed with your website. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your customer to communicate. Nice task.

  76. That is the fitting weblog for anybody who desires to find out about this topic. You understand a lot its almost laborious to argue with you (not that I actually would want…HaHa). You undoubtedly put a new spin on a topic thats been written about for years. Nice stuff, simply great!

  77. hello there and thank you to your information – I’ve definitely picked up something new from right here. I did however expertise several technical issues the usage of this web site, as I skilled to reload the site many times previous to I may just get it to load properly. I were thinking about in case your web host is OK? No longer that I am complaining, but sluggish loading instances times will sometimes impact your placement in google and can injury your high-quality rating if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Anyway I’m adding this RSS to my email and could glance out for much more of your respective exciting content. Make sure you replace this once more soon..

  78. Thank you for every one of your effort on this blog. Debby takes pleasure in managing research and it’s easy to see why. I notice all concerning the lively ways you render both useful and interesting secrets on this website and foster response from other individuals on the idea while our favorite child is always understanding a great deal. Enjoy the rest of the new year. Your conducting a first class job.

  91. Its like you learn my thoughts! You appear to know a lot about this, such as you wrote the ebook in it or something. I think that you just could do with some to power the message house a bit, but other than that, that is wonderful blog. An excellent read. I’ll certainly be back.

Leave a Reply

Your email address will not be published.

You missed

Business

ZEEL’s Mind Wars app reaches 111K downloads on Google Play Store!

Mar 25, 2023
Business

Rewards and Loyalty Gateway Benepik nears 100 Crore Revenues in FY 22-23

Mar 25, 2023
Entertainment

Actor Zayed Khan and Khushboo Khan’s 2 music videos, “Deedar” and “Haal Bura”, launched

Mar 25, 2023
Business

Data Intelligence Firm, Near, to Debut on Nasdaq Under Ticker “NIR”

Mar 25, 2023