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Shoffr is a Bangalore-based startup that specializes in offering premium airport transfer services using electric SUVs. The company's mission is to provide a comfortable, reliable, and eco-friendly alternative to traditional cab services. Shoffr's targets business travelers, tourists, and anyone in need of a dependable ride to or from the airport. It operates within the urban transportation sector, specifically focusing on airport transfers in Bangalore.
Shoffr Company Profile and Founder
Company | Shoffr |
Founder | Vikas Bardia and Kislay Verma |
Location | Bengaluru |
Founding Date | July 2022 |
Funding | Shoffr secures $1.1 mn funding from 100 customers |
Industry | Car Rental/ EV Taxi |
It was founded by Vikas Bardia and Kislay Verma in July 2022. With about a year of operation, the company has grown to a fleet of approximately 9 EV vehicles. Currently, Shoffr operates exclusively in the premium airport transfers in Bangalore, providing rides to and from Kempegowda Airport. They also have plans to expand to other cities while remaining in the airport transfer space.
Car Rental Market Size - Shoffr is currently focused on the airport taxi market, which according to a rough estimate, is anywhere between ₹ 850 crores (conservative) and ₹1250 crore (optimistic) for Bengaluru in 2023.
From 2022 to 2023, Bengaluru Airport experienced a 96% growth in passenger traffic. With the increase in passenger handling capacity – the opening of Terminal 2, the passenger traffic is likely to see healthy growth in the coming future. As a result, the demand for airport cabs may see good growth.
Shoffr Business Model
Shoffr's business model is centered around providing pre-booked rides with guaranteed confirmations, ensuring customers avoid last-minute cancellations. The company sets itself apart by using electric SUVs, which are both environmentally friendly and provide a luxurious travel experience. These vehicles boast stylish interiors, plush seating, and generous boot space, making long airport rides more comfortable.
Shoffr generates revenue by charging customers for its premium transfer services. While the pricing is competitive with other cab services, it offers added benefits like guaranteed ride confirmations, premium vehicles, and professional chauffeurs. The company also focuses on being eco-friendly, saying each ride can save up to 3 kilograms of CO2 emissions, making the country greener.
Personnel
Most of Shoffr’s staff are drivers, who are recruited as contract workers. Shoffr employs two drivers per vehicle, each working a 12-hour shift. The first shift runs from 9:00 to 21:00 for 6 days a week. It is estimated that Shoffr pays its drivers between ₹25,000 - ₹30,000 per month, with a possible 20%, variable component based on the number of trips driven or days worked.
Shoffr may have an operations manager, who also serves as a backup driver in case of emergencies. The operations manager is responsible for training driver partners, managing daily operational concerns, documenting and creating vehicles, and creating operating procedures (SOPs) for cleaning and other general tasks.
Charging Infrastructure
As calculated earlier, Shoffr averages 8 trips per day. Since the shift timings are from 9:00 to 21:00, the first shift covers evening/night airport traffic, while the second shift handles early morning airport traffic. Therefore, it's reasonable to assume the trips are evenly distributed across shifts, with each shift consisting of an average of 4 trips.
The average actual paid travel time of 70-80 minutes with approximately 30 minutes for waiting and other miscellaneous activities. In addition to the paid travel time and waiting time, unpaid travel time, such as reaching the pickup point, is an important factor. Conservatively, this unpaid travel time is estimated to add at least 20% to the time.
Conclusion
Shoffr is a Bangalore-based premium airport transfer service that uses electric SUVs to provide a comfortable, reliable, and eco-friendly travel experience. It caters to business travelers, tourists, and local residents, focusing on airport transfers within the urban transportation market. Shoffr's operates on pre-booked rides with guaranteed ride confirmations and earns money by charging its premium services at competitive prices.
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