Industry : IT/ITeS, FinTech & Emerging Technologies
LICOTEX Services Private Limited is a technology-driven mobility startup focused on providing affordable, safe, and inclusive transportation solutions across urban, semi-urban, and rural India. The company has been conceptualized to address major challenges in the Indian transportation ecosystem such as high ride costs, driver exploitation, lack of rural connectivity, unemployment, and traffic congestion. LICOTEX operates as a multi-service ride-hailing platform offering auto, e-rickshaw, bike, car, shared rides, ambulance services, and rural transport solutions through a single mobile application. Unlike traditional ride-hailing platforms that charge high commissions (20–25%), LICOTEX follows a low-commission model of only 6%, ensuring higher earnings for drivers and affordable fares for users. A key innovation of LICOTEX is its Share Ride Module, which allows multiple passengers traveling on the same route to share a single vehicle. This reduces travel costs, traffic congestion, fuel consumption, and environmental impact while increasing driver income. The platform is designed to work efficiently in villages, towns, and cities, making transportation accessible even in underserved areas. LICOTEX also focuses strongly on employment generation, aiming to create large-scale job opportunities for drivers, women, rural youth, and support staff. The company promotes women empowerment by encouraging female participation and ensuring safety-focused ride features. With a strong technology backbone, GPS-enabled tracking, emergency assistance, and a driver-first approach, LICOTEX aims to build a scalable, sustainable, and socially impactful mobility ecosystem. The long-term vision is to connect over 1 lakh drivers and 1 crore users, contributing significantly to employment generation, smart mobility, and inclusive economic growth in India.
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Year of Establishment2024