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Gurgaon-based motorcycle touring startup, Motoziel, is looking to raise about $3 Mn in the next fiscal to expand its vehicle fleet, reported ET.
Speaking on this development, Kalyan Mazumder, MD at Motozie said, “We are looking at raising about $2-3 Mn next year to expand our fleet size. We plan to raise funds from new investors.”
Founded in September 2015 by Kalyan Mazumdar and Biswaroop Banerjee, Motoziel, which means motorcycle destination in German, is a startup which endeavors to provide a ‘one-stop’ solution for motorcycle enthusiasts in India. The startup rents luxury adventure motorcycles such as Harley Davidson, Ducati and Triumph and has a fleet of 20 motorcycles.
This year, the company will increase the fleet size by adding 10 more motorcycles.
Motoziel intends to operate in two specific areas – motorcycle touring and motorcycle protective gear/accessories. It is primarily targeting riders outside India who would like to get the Indian experience. “Our theme is ‘Incredible India’. We want to engage our riders with people and culture of place they are visiting. Our target customers are foreigners who want to explore the country,” said Mazumder.
The company is also working on two-way tie ups, wherein a company outside India will market their tours and Motoziel will market international guided motorcycles tours in India for them.
Ranging from distribution of premium riding gear, helmets and motorcycle accessories to organising luxury and adventure motorcycle tours across India and Asia, Motoziel aims to provide a total motorcycling experience under one roof.
Motoziel is supported by Steelbird, the helmet manufacturer, as an angel investor in the company; Steelbird invested over $2 Mn (INR 17 Cr.).
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