Company: Shoffr

Website: *https://www.shoffr.in/*

Sector: Mobility, EV, Fleet Operations

Scale: ~$1M annualized gross sales

Fleet: ~50 vehicles

Primary Market: Airport rides and inter-city travel within Bengaluru (BLR)

Executive Summary 📃

Shoffr presents a unique investment opportunity in the rapidly growing sectors of mobility, electric vehicles (EVs), and fleet operations. With an impressive early-stage track record, a strategic focus on premium and profitable routes, and founders with a strong fit and deep domain expertise, Shoffr is well-positioned for substantial growth. The company’s vision to provide a luxury EV travel experience across key cities in India, coupled with the intentionality and operational excellence demonstrated, makes this an exceptional investment.

This memo outlines why Shoffr represents a compelling investment opportunity.

Company Overview 💡

Shoffr wants to give a "Blacklane" style experience for airport trips, inter-city trips, and rental drives in certain Indian cities. Currently, it has a fleet of BYD-only electric cars. They offer high-quality airport trips in BLR and rental or inter-city trips to and from BLR. Right now, they have around 50 cars. They want to offer more services, have more cars, and operate in more places.

Leadership

• **Vikas Bardia, CEO:**
  • Background: Formerly with WTW and an early hire at Smallcase.
  • Personal Investment: Invested ~₹50L of his own money, demonstrating commitment and belief in the business.
  • Strength: Business acumen and a focus on operating margins and customer satisfaction.
• **Kislay Verma, CTO:**
  • Background: ~15 years in technology with experience at Uber, Myntra, and DE Shaw.
  • Expertise: Route optimization, pricing, and forecasting models critical for EV fleet operations.
  • Strength: Technical prowess and operational management in complex systems.