TERRA provides a battery-swapping platform and electric scooters designed for last-mile delivery businesses, enabling quick battery exchanges at designated swapping stations. This system reduces downtime and operational costs associated with traditional charging methods, enhancing the efficiency of urban transportation.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Last-mile delivery businesses face challenges related to vehicle downtime and operational costs due to the time required for traditional electric scooter charging. This can lead to inefficiencies in delivery schedules and increased expenses for maintaining a fleet of electric vehicles.
Solution
TERRA offers an integrated platform featuring electric scooters and a network of battery-swapping stations designed to minimize downtime for last-mile delivery services. The battery-swapping system allows riders to quickly exchange depleted batteries for fully charged ones at strategically located stations. This approach eliminates the need for lengthy charging periods, ensuring continuous operation and maximizing the utilization of the scooter fleet. TERRA provides these services through subscription-based models, including Mobility as a Service (MAAS) and Battery as a Service (BAAS), offering a comprehensive solution for efficient and sustainable urban transportation. The platform also includes a smart fleet management system for monitoring vehicle status.
Target Audience
The primary target audience includes last-mile delivery businesses seeking to optimize their operations, reduce costs, and transition to sustainable transportation solutions.
Features
- Electric scooters designed for commercial last-mile delivery
- Battery-swapping stations for rapid battery replacement
- Subscription-based service models (MAAS and BAAS)
- Smart fleet management platform to monitor vehicle status
- Connected ecosystem for transportation