Aravam Tech Solutions has introduced Triptronic, an app designed to provide efficient and sustainable transportation solutions for businesses. The launch event highlighted how Triptronic integrates real-time updates, advanced technology, and electric vehicles to cater to corporate transport requirements.

Growth potential

Triptronic will initially operate across India, responding to the rising demand for organised transport as more employees return to offices. The company plans to expand its services to the UAE and Southeast Asia, aiming to offer businesses cost-effective and sustainable transportation options.

India’s ride-hailing market is valued at $13.4 billion, with relatively low penetration at 7%, compared to higher figures in China (40%) and the U.S. (28%). The company expects significant growth in this sector and aims to triple its revenue by entering new markets.

Features of core apps

Triptronic operates with three key apps: the Employee App, which enables employees to book, track, and pay for rides, receive real-time updates, and provide feedback; the Driver App, which assists drivers in managing routes, assignments, and eco-friendly travel options; and the Supervisor App, which helps businesses monitor employee travel, track vehicles, manage expenses, and optimise routes.

Ankush Mendiratta, founder of Triptronic, explained, "Businesses want to reduce costs, ensure employee safety, and adopt sustainable transport solutions. Triptronic offers a platform that facilitates smoother operations, lowers transportation costs, and reduces environmental impact. We are also looking to raise $2 million to expand services, promote the adoption of electric vehicles, and enter global markets. This will support our goal of reaching a valuation of $100-125 million in the next five years."

The app addresses the need for seamless, cost-effective, and sustainable employee transportation by helping businesses track and manage travel expenses, improve route planning, and ensure on-time commutes, while also contributing to reducing carbon footprints by integrating electric vehicles.

Sahil Mendiratta, co-Founder, said, “By 2027, we aim to help 20% of our vendor partners own their vehicles through financing support, boosting their earnings and long-term stability. We are also introducing a model to reward top-rated vendor partners with incentives and profit-sharing, which will increase their earnings by 30-40%.”

The employee transportation market is expanding, with a projected annual growth of 8.2% through 2030, as noted in a report by Research and Markets. Furthermore, the global Employee Transport Management System market is expected to rise from $1.2 billion in 2023 to $3.6 billion by 2030, indicating a growing demand for innovative solutions.

Future plans

Triptronic's future plans include improving connectivity between private and public transport networks, with partnerships aimed at enhancing last-mile travel. The company also plans to offer airport transit solutions for international students and tourists and introduce corporate shuttles and dynamic carpooling models to reduce transportation costs for businesses by 20-30%.