IntrCity SmartBus Achieves Profitability & Poised To Achieve $100 Mn ARR In Next 12 Months
The tech-enabled fleet of inter-city buses, IntrCity SmartBus grew 1.8 times in the first half of 2022, with revenues nearing $45 million annualised run rate and business achieving operational profitability.
The company has recorded over 2 lakhs monthly seat capacity and 80 per cent increase in revenue. Within the next 12 months, the brand's next goal is to reach $100 million in annualised revenue and maintain EBITDA level profitability.
Over the next five years, the company plans to convert more than 5000 regular buses to 'Connected SmartBus Network' by leveraging Mobility Platform's technological capabilities.
The growing consumer love is reflected in a Net Promoter Score (NPS) of 59, which has consistently been the best in the industry. The company is more confident than ever in changing the way India travels inter-city.
