InvestorsHub Logo

EOT

Followers 114
Posts 12365
Boards Moderated 1
Alias Born 05/05/2014

EOT

Re: None

Tuesday, 10/25/2016 9:59:13 AM

Tuesday, October 25, 2016 9:59:13 AM

Post# of 39541
The fact is that it's very simple to read!!!!! BAXI is one of the first Motocycle Taxie starts in India. The company never said that Baxi were buying meters. It was simply an EXAMPLE of the first company to take advantage of the new Motocycle taxi industry in India Lol!
Now as a side note... Baxi will be buying meters in the future IMO because the use of APP based fares is illegal in India. Good idea to understand what your reading!!


"World Moto has recently received an unprecedented number of inquiries from interested parties throughout India as media coverage of this new opportunity has inspired a burgeoning excitement among Indian entrepreneurs, investors and operators. AS AN EXAMPLE, BAXI, one of the initial operators in Haryana, has already raised $1.5 million in seed money and received commitments from investors of more than $15 million. Baxi has announced they plan to raise around $30 million in the next round of financing."


"Operators who have contacted the Company have all specified that meters are an integral part of their business plan. India has a strong culture of metered taxis and auto rickshaws."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.