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Dubai-based Promatas Technologies will be supporting Kerala-born transport aggregator startup VehicleST.
Technology firm VST Travels, incubated at the state-run startup zone in Angamaly town near Cochin International Airport, received a funding of $300,000 from the company, part of Muscat-headquartered Promatas Group.
The funding will help the young professionals to improvise and market their app that connects different services, including taxis, boats, utility vehicles and air ticketing.
It helps the user to hire taxis and autorickshaws, locate ambulances, recovery vehicles, bulldozers and cranes.
Users can even find vehicle service centres using the app.
“If a change of tyre is required or in the event of a breakdown, the application will help the user to find a service centre,” said Navin Dev, one of the promoters.
“There is a facility to rate the providers from the quality of services and the review of the users.
Therefore, those who continue to use the app will be able to identify the service providers by rating.”
The funding comes at a time when the company was trying to expand its operations after tying up with Akshaya Kendras, the community resource centres promoted by the southern state.
The app, which is now available in Google Play store, will soon have ioS and Windows versions as well.
They have also tied up with Kudumbasree Travels, the all-women services of the state’s network of women self-help groups with more than 4mn members.
They will make available specially configured tablets on these vehicles where travellers can track the route with the navigation system on it.
The taxi owners will get a fixed percentage of the revenue generated from ads played on these devices.
“The funding by global operation partnership will help the company to expand and improve its services,” he said.
“Offices will be opened in the Gulf countries and the US. A research and development centre will be opened in Alappuzha.”
The firm, incorporated barely six months back, has so far been functioning with the mentoring and incubation support of the Kerala State Industrial Development Corp The KSIDC officials said it was one of the first to get funding in such a short span of time.
Promatas Group chair Joshy Babu and VST Travels CEO Alwyn George yesterday signed a MoU in the presence of KSIDC managing director Dr M Beena and other top officials here.
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