ARC Electric sets ambitious target: 5,000 EVs for Hyderabad and Bangalore in 18-24 months
Specializing in providing premium electric vehicle (EV) cab services tailored for corporate usage, ARC Electric has been on a mission to transform the way businesses approach transportation. In an exclusive interview with Bizz Buzz, Abhinav Kalia, the Co-founder and CEO of ARC Electric, provides insights into ARC Electric's revenue model, its commitment to operational excellence, the vision for a cleaner and greener future, and their steadfast commitment to customer service and strategic expansion
What is your revenue model?
ARC Electric generates revenue through its core business of offering premium electric vehicle (EV) cab services to corporate clients. We operate only in B2B domain. Our pricing is competitive, and we charge companies for the utilisation of our state-of-the-art EV fleet. Additionally, a significant portion of our income comes from establishing partnerships with corporate clients, where we provide ongoing EV transportation solutions on a retainer basis. These partnerships often encompass a range of services, from daily employee commutes to executive travel arrangements. Our revenue model is not solely transactional but fosters long-term relationships, aligning our success with our client’s sustainable transportation needs.
How much does the owner of the vehicle get and how much does your company get?
ARC Electric operates on a transparent cost-plus model, ensuring a fair and equitable partnership. The vehicle owner receives 100 per cent of their earnings, reflecting our commitment to providing a lucrative opportunity for them. Simultaneously, our company also earns 100 per cent of the agreed-upon fees for our services, creating a mutually beneficial arrangement where both parties share in the success of our electric vehicle transportation solution.
How would you define operational excellence in your field and are you Pan India?
At ARC Electric, operational excellence is defined by our unwavering commitment to delivering seamless, reliable, and highly efficient electric vehicle transportation services tailored for corporate clients. Central to this commitment is the meticulous management of a substantial EV fleet, ensuring maximum vehicle uptime, and prioritizing the safety of our passengers and drivers through rigorous maintenance and training programmes. While our services currently extend beyond major Indian cities, including Delhi NCR, Hyderabad, Bangalore, and Mumbai, our vision encompasses a broader footprint, reaching all cities connected to airports. This ambition is integral to our robust growth strategy, and we are actively engaged in expanding our services to achieve a Pan India presence in the near future. Our EV cabs not only offer a secure and dependable mode of transportation for corporate employees but also play a pivotal role in fostering a cleaner, greener environment, harmonizing with our commitment to sustainability and eco-conscious transportation solutions.