Gurgaon based bus aggregator platform Shuttl raised $20 million in Series A from Lightspeed, Sequoia India and Times Internet.
Speaking on the development,Amit Singh, Co-Founder, Shuttl said, “We exist to solve the office commute problem while positively impacting issues like congestion, pollution and safety. We have progressed in this direction in partnership with Car Free Day and Rapid Metro in easing out last mile connectivity and daily commute for users. We believe buses are the most space efficient way to commute and we have added a technology layer on to them to build what could become a template for smart cities in India and abroad.”
Shuttl was founded in April 2015 by IIT Delhi alumni Amit Singh & IIT Kanpur alum Deepanshu Malviya. Currently operational in Delhi NCR, the platform provides shuttle services to commuters across 50 routes in Delhi NCR.
“What excites Lightspeed about Shuttl is the opportunity for the company to have massive positive social impact by helping address the problems of transportation, safety and pollution.Solving daily travel in a safe, affordable and green way has great potential. We are confident that the leadership at Shuttl is equipped to bring their vision to life,” commented Bejul Somaia, MD, Lightspeed India.
Shuttl is also engaging with the relevant stakeholders to work towards the success of the odd-even initiative of Delhi Government.
“We are living in exciting times, where there is a supercomputer in every pocket which creates infinite possibilities. We’re excited that we’re using our skills in solving a problem that has the potential to improve the quality of life for millions of commuters and urban residents,” expressed Deepanshu Malviya, Co-Founder, Shuttle.
Source: IndianMediaBook - Media
