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Business Idea
Business Idea
Business Idea
Executive Summary
Business Name: GTransco (Green Transportation
Company).
Logo:
Website: www.gtransco.com
Facebook: www.facebook.com/GTransco
Overview: GTransco aims to revolutionize urban
transportation in Dhaka by providing sustainable, efficient, and comfortable ride-sharing services
using electric cars and public buses. Our mission is to reduce carbon emissions, alleviate traffic
congestion, and enhance commuting experiences for students and professionals.
Key Objectives:
Introduce a fleet of electric cars and buses for commuting.
Develop strategic partnerships with electric car manufacturers, starting with Tesla Motors,
Ford, General Motors, Mercedes-Benz and Chevrolet.
Establish GTransco as the go-to transportation choice for educational institutions and
corporate clients.
Achieve profitability within three years.
Market Opportunity: Dhaka, as a densely populated and traffic-congested city, offers a prime
market for sustainable transportation solutions.
Financial Summary: Initial Investment: $1,500,000 Year 1 Revenue Projection: $500,000 Year 2
Revenue Projection: $1,200,000 Projected Profitability: Positive net profit by Year 3.
Business Description:
Company Background: GTransco is a startup founded by a team of transportation industry experts
and environmental enthusiasts.
Legal Structure: GTransco is registered as an LLC in Bangladesh.
Location: Our head office is located at Agargaon in Dhaka, with plans for branch offices in strategic
locations.
Market Research:
Market Analysis:
Dhaka's traffic congestion and air pollution have created a demand for sustainable
transportation.
Limited availability of electric ride-sharing services in the city.
Government initiatives to promote electric vehicle adoption.
Target Market:
University and college students.
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Corporate professionals.
Educational institutions and businesses seeking transportation solutions.
Competitor Analysis:
Identify existing transportation providers and their services.
Assess their pricing, fleet, and customer satisfaction levels.
Operational Plan:
Supply Chain and Equipment:
Establish partnerships with electric car manufacturers, including Tesla Motor, Ford, General
Motors, Mercedes-Benz and Chevrolet.
Develop charging infrastructure and maintenance facilities.
Monitor vehicle performance and maintenance schedules.
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Customer Experience:
Train drivers for safe and courteous service.
Implement a rating system for drivers and passengers.
Ensure clean and comfortable vehicles.
Regulatory Compliance:
Obtain all necessary permits and licenses for transportation services.
Comply with government regulations regarding electric vehicles and safety.
Financial Projections:
Financial Projections:
Initial Investment: $1,500,000 (from founders, investors, and potential grants/incentives)
Year 1 Revenue Projection: $500,000
Year 2 Revenue Projection: $1,200,000
Projected Profitability: Positive net profit by Year 3.
Funding Requirements:
Seeking $1,000,000 in additional investment for vehicle acquisitions, infrastructure
development, and marketing.
Appendices:
1. Montoya, R. (2023). Top electric car companies of
2023. Edmunds. https://www.edmunds.com/electric-car/articles/top-electric-car-
companies.html#:~:text=1.,automaker%20to%20the%20next%20level.
2. Chakma, J. (2023, March 19). Sales of electric vehicles rising gradually. The Daily
Star. https://www.thedailystar.net/business/economy/news/sales-electric-vehicles-rising-gradually-3274786
3. Khandelwal, R. (2022, February 5). 5 stocks that may dominate the EV space in the next 5 years. The Motley
Fool. https://www.fool.com/investing/2022/02/05/stocks-may-dominate-ev-electric-vehicle-space/