Aravam Tech Solutions has launched Triptronic smart transportation app designed to enhance corporate employee commuting. Triptronic addresses key needs of businesses, offering a comprehensive solution with three user-friendly apps. The Employee App allows staff to easily book, track, and pay for their rides, receive real-time updates, and give feedback. The Driver App assists drivers in managing routes and eco-friendly travel options, while the Supervisor App helps businesses monitor vehicle movements, optimise travel routes, and manage transport expenses efficiently.
Ankush Mendiratta, Founder, Triptronic, stated the company plans to raise INR 166 crore (USD 2 million) in funding to support its rapid expansion, promote EV adoption, and enter international markets, particularly the UAE and Southeast Asia. Triptronic aims to reach a valuation of INR 830-1,040 crore (USD 100-125 million) within the next five years. This aligns with India's economy, projected to grow from INR 249 lakh crore (USD 3 trillion) in 2023 to INR 498 lakh crore (USD 6 trillion) by 2030, highlighting strong growth opportunities for the business.
Sorabh Kothari, Co-Founder, Triptronic, added that the platform aims to onboard more than 50 corporate clients over the next two years, with corporate services expected to form 80% of the company’s total revenue. India's employee transport market, currently valued at over INR 8,300 crore (USD 1 billion), represents significant growth potential for Triptronic, which aims to help businesses achieve greener, safer, and more cost-effective transportation.
Triptronic’s services are designed to reduce transport costs by 20-30% through innovative models like corporate shuttles and dynamic carpooling. With a focus on sustainability, Triptronic encourages businesses to use electric vehicles, significantly reducing their carbon footprint. Additionally, the company is developing seamless connectivity solutions linking private and public transport, including partnerships with metro, railway, and bus networks, and providing specialised airport transit services.