Chartered Speed
Chartered Speed is an Ahmedabad-based passenger mobility company operating 2,000+ buses across six Indian states, with growing electric bus deployments under government schemes, an online booking platform serving 4.2 million intercity passengers annually, and a pending ₹855 crore IPO.
- Company typePrivate
- Founded2012
- HeadquartersAhmedabad, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
Chartered Speed firmographics
Firmographics- Name
- Chartered Speed
- Legal name
- Chartered Speed Limited
- Website
- https://charteredbus.in
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Chartered Speed is an Ahmedabad-based passenger mobility company operating 2,000+ buses across six Indian states, with growing electric bus deployments under government schemes, an online booking platform serving 4.2 million intercity passengers annually, and a pending ₹855 crore IPO.
- Ownership category
- akta.pro rank
Chartered Speed industry classification
Industry- Product category
- Passenger Bus Transportation
- NAICS
- Interurban and Rural Bus Transportation (485210), Charter Bus Industry (485510)
- SIC
- Local & Suburban Transit & Interurban Hwy Passenger Trans (4100)
- akta.pro primary industry
- Intercity Commuter Bus Operators (TLAFAFAG)
Keywords
Where Chartered Speed is headquartered
LocationHeadquarters
- HQ city
- Ahmedabad
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Chartered Speed business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Intercity Bus Ticket Sales: Direct consumer ticket sales through owned website, mobile app, and third-party aggregators (RedBus, MakeMyTrip) for intercity bus services across six states
- Corporate Staff Transportation: Deploying electric buses for corporate employee transportation services, currently serving DCM Shriram's Jhagadia facility
- Government E-Bus Contracts: Operating contracted electric bus fleets under PM e-Bus Sewa and PM E-Drive schemes generating ₹1,100-1,300 crore annual revenue from 3,000-bus order book
- Bus Hire Services: Chartered bus rental services for organizational group travel needs
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard AC/Non-AC Intercity Services |
| Transaction based/ take rate | Pay-as-you-go | Volvo Premium Services |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Chartered Speed product offering
Product offeringCore offering
Chartered Speed is a passenger mobility company that operates intercity bus services through its own fleet of 2,000+ buses serving 647 daily routes across six Indian states (Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Assam, and Meghalaya), with online ticketing via charteredbus.in and iOS/Android apps. It also runs bus-hire, cargo tracking, corporate employee transportation, and a growing electric bus fleet under India's PM e-Bus Sewa and PM E-Drive government schemes, targeting deployment of approximately 3,000 e-buses across 18 cities.
Product overview
Chartered Speed operates as a comprehensive passenger mobility company offering multiple services including an online bus booking platform (Chartered Bus), bus hire services, cargo tracking, and electric bus fleet operations under government schemes. The company services approximately 4.2 million passengers annually through its intercity division, operating a fleet of over 2,000 buses across six Indian states (Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Assam, and Meghalaya). The portfolio includes consumer-facing ticketing, corporate employee transport, and large-scale government-contracted electric bus deployments under PM e-Bus Sewa and PM E-Drive schemes.
Differentiator
Problem solved
Functional benefit
Products and services
- Chartered Bus Online Booking Platform Digital platform enabling online bus ticket bookings, schedule management, live tracking and passenger services across 647 intercity routes in Central, Western, and North Eastern India.
- Bus Hire Services Chartered bus rental service for organizational or group travel needs, offering AC and Non-AC coach options for events, outings, and corporate group travel.
- Electric Bus Fleet Operations (PM e-Bus Sewa / PM E-Drive) Electric bus deployment and operations under government schemes (PM e-Bus Sewa and PM E-Drive), providing metro-grade zero-emission public transport to Tier-II and Tier-III cities under contracted service agreements.
- Corporate Employee Transportation Customized electric bus services for corporate clients, deploying dedicated fleets for employee commute to industrial and manufacturing facilities, with safety and monitoring technology layered on top.
- Chartered Bus Mobile App Native mobile applications for iOS and Android enabling consumers to search routes, book intercity bus tickets, manage bookings and access live bus tracking on the go.
Quantifiable outcome
- Targeting revenue of ₹1,800-1,900 crore in two years from current ₹750 crore FY26 projection
- +2 more outcomes
Companies that use Chartered Speed
Customer profileNamed customers4 records
Segments1 record
Ideal customer profiles3 records
Chartered Speed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability3 records
Feature4 records
Chartered Speed partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and supporting.
- EKA MobilitycoreConsortium partnership for electric bus deployment under PM e-Bus Sewa scheme. EKA Mobility supplies electric buses built on their proprietary EV platform while Chartered Speed operates the fleet. Buses feature fleet management systems, zero tailpipe emissions, and wheelchair-accessible boarding. This partnership secured orders for 876 buses in Rajasthan and 1,750 buses in Bengaluru.
- Convergence Energy Services Limited (CESL)coreCESL, a Ministry of Power entity, awarded the contract to EKA Mobility and Chartered Speed for deploying 1,750 electric buses in Bengaluru under PM E-Drive Scheme. This is part of India's largest-ever electric bus induction programme totaling 10,900 e-buses.
- DCM ShriramsupportingDeployed 11 electric buses for employee transportation at DCM Shriram's Jhagadia facility in Bharuch, featuring GPS tracking, driver monitoring, CCTV cameras, and fire protection systems.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Chartered Speed competitors and assessment
Company assessmentDirect peers
- Abhibus: Online bus ticketing platform and operator with private fleet operations, directly competing with Chartered Bus's online booking platform and intercity bus services.
- VRL Travels: One of India's largest private intercity bus and logistics operators with a fleet comparable in size to Chartered Speed's, competing in similar long-distance routes and corporate charter services across South and Western India.
- SRS Travels: Large Indian private bus operator with intercity and charter services across South, West, and Central India — directly overlapping Chartered Speed's intercity route network and corporate hire offerings.
- IntrCity SmartBus: Tech-enabled premium intercity bus operator using online booking and live tracking; competes with Chartered Speed's consumer intercity brand 'Chartered Bus' on technology-led passenger experience.
- Orange Tours & Travels: Private bus operator providing intercity and charter services across India, with similar fleet characteristics and route overlap to Chartered Speed's intercity division.
- Kallada Travels: South India-focused private intercity bus and charter operator with comparable fleet size and premium Volvo service offering, overlapping with Chartered Speed's intercity routes and corporate hire segment.
- PMI (Prasad International): Indian transport and bus services group with intercity and charter bus operations across multiple states; comparable fleet scale and corporate charter offerings to Chartered Speed.
Emerging players
- NueGo (GreenCell Mobility): Electric intercity bus mobility startup backed by GreenCell Mobility, operating premium e-bus services across India — emerging competitor in the same electric passenger mobility space where Chartered Speed is rapidly scaling.
Others
- EKA Mobility: Electric bus OEM and strategic partner of Chartered Speed through consortium contracts; comparable as a fellow participant in India's PM e-Bus Sewa ecosystem and a potential competitor for direct government contracts.
- Redbus: India's largest bus ticketing aggregator and a key distribution partner for Chartered Speed; relevant as a competitive intermediary controlling discovery, pricing, and customer relationships across the bus booking ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Chartered Speed social profiles
Digital presenceChartered Speed financial estimates
Financial estimateRevenue estimate
Valuation estimate
Chartered Speed leadership team
Management profileNumber of profiles
Chartered Speed funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Chartered Speed M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Chartered Speed
What does Chartered Speed do?
Chartered Speed is a passenger mobility company that operates intercity bus services through its own fleet of 2,000+ buses serving 647 daily routes across six Indian states (Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Assam, and Meghalaya), with online ticketing via charteredbus.in and iOS/Android apps. It also runs bus-hire, cargo tracking, corporate employee transportation, and a growing electric bus fleet under India's PM e-Bus Sewa and PM E-Drive government schemes, targeting deployment of approximately 3,000 e-buses across 18 cities.
Is Chartered Speed a public or private company?
Chartered Speed is a private company. It is classified as unknown and is currently operating.
When was Chartered Speed founded?
Chartered Speed was founded in 2012. It employs 1,001 to 5,000 people.
Where is Chartered Speed based?
Chartered Speed is headquartered in Ahmedabad, India, in the Asia region.
How does Chartered Speed make money?
Four revenue lines are on record. Intercity Bus Ticket Sales are the primary driver. The others are corporate Staff Transportation, government E-Bus Contracts and bus Hire Services.
Who are Chartered Speed's main competitors?
Direct peers on record are Abhibus, VRL Travels, SRS Travels, IntrCity SmartBus, Orange Tours & Travels, Kallada Travels and PMI (Prasad International). NueGo (GreenCell Mobility) is listed as an emerging player. Others are EKA Mobility and Redbus.
Does Chartered Speed have an API?
No public API is recorded for Chartered Speed.
What industry is Chartered Speed in?
Chartered Speed's product category is Passenger Bus Transportation. Its primary akta.pro industry code is TLAFAFAG, Intercity Commuter Bus Operators. Its NAICS code is 485210 and its SIC code is 4100.