Listing ID: 13928
Total Viewed: 1240
Last Refreshed: 09/07/2018

Scooter Sharing Startup Looking For Investors

Jurong East, Singapore

Asking Price : Under SGD50K

Revenue: Above SGD1M

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2016

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason To Sell
Need capital to improve our IT system
Business Description

We have been the electric scooter business for 3 years


We also have a retail shop that is GST registered (have to register for GST becasue 2017 revenue is >1M)


The e-scooter sharing industry is growing at unbelievable rate now (Esp in san francisco) and will soon replace bike sharing


major companies like uber, grab, lyft are rushing into this industry


Our business model:

start our own small scale scooter sharing program in SG

License our system to other startups all over the world

Sell scooters and IoT devices to other companies


We have received over 100 enquiries in the last 3 weeks from startups from all over the world


In the last 3 months we are working on our own escooter sharing technology and made the following progress:

- developed custom version of escooters designed for scooter sharing

- develop IoT modules for escooter

- started on backend system and app


with the boom in e-scooter sharing, especially in US San Francisco, we decide to launch our own e-scooter program


Our strengths:

- Years of experience in electric scooters

- Team of technicians and engineers in SG and china

- Has close relationship with major escooter factories in China

- Has tech foundation (backend system and app)


What we need;

- investors who can provide capital

- experienced software and IoT developers who can bring our system to the next level


Seeking minimum 30k investment



if you're keen pls include the following in your message:

  1. What you can offer (capital/resources/connections?)

  2. what information about us you need

  3. your current occupation

Property Information
Premise Status:
Rent

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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