About Commutec
Commutec is a company based in Navi Mumbai (India) founded in 2016 by Maninder Kaur and Randeep Lobana. Commutec has raised $199.55 thousand across 3 funding rounds from investors including Shell, Shell E4 and Shell. The company has 31 employees as of April 03, 2024. Commutec offers products and services including Managed Transport, Shuttle Services, SAAS Platform, Fleet Management, and Corporate Car Rentals. Commutec operates in a competitive market with competitors including MoveInSync, Routematic, Volercars, WhistleDrive and eee-Taxi, among others.
- Headquarter Navi Mumbai, India
- Employees 31 as on 03 Apr, 2024
- Founders Maninder Kaur, Randeep Lobana
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Aurafox Solutions Pvt. Ltd.
- Jurisdiction Raigarh, Maharashtra, India
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Annual Revenue
$649.44 K (USD)89.08as on Mar 31, 2022
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Net Profit
$66.26 K (USD)145.37as on Mar 31, 2022
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EBITDA
$84.89 K (USD)169.47as on Mar 31, 2022
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Total Equity Funding
$199.55 K (USD)
in 3 rounds
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Latest Funding Round
$109.85 K (USD), Seed
Jan 24, 2022
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Investors
Shell
& 11 more
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Employee Count
31
as on Apr 03, 2024
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Products & Services of Commutec
Commutec offers a comprehensive portfolio of products and services, including Managed Transport, Shuttle Services, SAAS Platform, Fleet Management, and Corporate Car Rentals.
End-to-end solution for corporate transport including software and fleet.
Platform for managing office shuttle operations and employee commuting.
Digitizes transport operations to reduce manual workload and errors.
System for managing and tracking fleet transactions digitally.
On-call rental platform for corporate pick-up and drop services.
Funding Insights of Commutec
Commutec has successfully raised a total of $199.55K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $109.85 thousand completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Commutec
Commutec has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Shell, Shell E4 and Shell.
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Energy sectors are targeted by Shell-backed accelerator program.
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Shell is recognized as a global energy and petrochemical company.
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Crude products are supplied to global energy markets.
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Investor details for Commutec
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Investments & Acquisitions by Commutec
Investment portfolio details for Commutec
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Financial Statements - Commutec
Detailed financials for Commutec
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Commutec Comparisons
Peer comparison for Commutec
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Competitors of Commutec
Commutec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoveInSync, Routematic, Volercars, WhistleDrive and eee-Taxi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Employee transportation management solutions are provided for automated commutes.
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Provider of employee transportation management platform with fleet and technology solutions
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Self-drive cars are rented online via a booking platform.
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Transportation and fleet management are facilitated via an online platform.
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Tech-enabled platform offering electric vehicle ride-hailing management solutions
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Detailed competitors of Commutec
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Latest news on Commutec
Complete news archive for Commutec
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Frequently Asked Questions about Commutec
Commutec was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Commutec is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Randeep Lobana is the current CEO of Commutec. They have also founded this company.
Commutec is a funded company, having raised a total of $199.55K across 3 funding rounds to date.
As of Apr 03, 2024, the latest employee count at Commutec is 31.
Annual revenue of Commutec is $649.44K as on Mar 31, 2022.
Commutec was founded in 2016 and is based in Navi Mumbai, India. SaaS solutions for employee transport management are developed, focusing on the logistics sector. Vehicle capacity is optimized through algorithms, real-time GPS tracking is implemented, and SMS notifications are sent for updates. Route planning, shift rostering, vendor assignment, digital trip documentation, automated invoicing, emergency alerts, and management reporting are supported in operations.
Commutec's top competitors include MoveInSync, Routematic and Volercars.
Commutec offers Managed Transport, Shuttle Services, SAAS Platform, Fleet Management, and Corporate Car Rentals.
The valuation of Commutec is $4.82M as of Jan 2022.