Hyderabad, December 15, 2023 – Fresh Bus, a pioneering sustainable shared mobility firm, is pleased to announce a substantial expansion in its business and technical sectors, reinforcing its commitment to offering eco-friendly transportation options.
Fresh Bus is more than simply an electric bus service; it has developed into a tech-driven sustainability powerhouse. Fresh Bus has enjoyed significant development due to its imaginative strategy, responding to the demands of 1.6 lakh passengers. It also boasts an employee strength of 120, marking significant milestones in its journey.
An impressive 50% of passengers have become loyal customers, showcasing the popularity and efficacy of Fresh Bus. The company, currently operating in 2 routes is thrilled to announce its expansion into Guntur, addressing increased demand. The new route, Hyderabad to Guntur via Vijayawada and vice-versa, offers a convenient and sustainable travel option.
Fresh Bus has successfully secured a 23.5 crore INR investment in two rounds of pre-seed funding from prominent investors, including Ixigo, Cred’s Kunal Shah, Rivigo’s Deepak Garg, and TVS’s Venu Sudharshan. Furthermore, Fresh Bus aims to raise INR 100 crore by March 2025, seeking support from leaders in green mobility to align with its sustainability objectives.
In the financial year 2024, the company is projected to generate an impressive revenue of INR 11 crores, with an Average Run Rate (ARR) of INR 30 crores.
In terms of expansion, Fresh Bus envisions a fleet size of 170 buses operating across 30 major Tier 2 cities in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Maharashtra, Delhi, Jaipur, Punjab, Haryana, etc., by the year 2025. However, the ambitious plan includes scaling up to 1000 buses across 100 cities in the country by 2027.
Technology Developments:
Fresh Bus is at the cutting edge of technological innovation in the shared mobility business. The use of cutting-edge technology not only improves operating efficiency but also provides passengers with a smooth and delightful travel experience. Fresh Bus also aims at bringing technology expansion to track buses, charger allocation for efficient utilization of power as well dashboard cameras for the safety of its customers.
With the holiday season approaching, Fresh Bus predicts an increase in demand as people return home. Fresh Bus will enhance its services around Christmas to responsibly fulfill this additional demand, giving holiday travelers an eco-friendly choice. Introducing electric bus services aligns with Fresh Bus’s commitment to sustainability.
Fresh Bus is thrilled to introduce its innovative Rewards Program, empowering users to earn, redeem, and refer friends for valuable rewards points. This novel incentive not only promotes sustainable and carbon-free travel but also provides users with the advantages of earning points for their loyalty, redeeming them for various benefits, and referring friends to join the eco-friendly journey.
Fresh Bus founder and CEO Mr. Sudhakar Reddy Chirra highlighted his excitement at these developments, saying, “Fresh Bus is more than just a transport service; it’s a commitment to sustainable living.” Our growth, technological integration, and the introduction of reward programs demonstrate our commitment to offering more than simply a service, but a greener way of life.”
Fresh Bus continues to lead the way in shared mobility, offering customers not just a ride, but a conscious choice for a more sustainable future.
About Fresh Bus
Fresh Bus is a modern-age electric inter-city bus service that aims to enhance & innovate the Indian bus journey experience most sustainably. We strive to offer high standards of customer experience, safety & comfort at an affordable price point.
