IT-Software Company Partners with Zoomcar to Revolutionize Road Trips and Travel with AI-Powered Integration
The stock is up by 31 per cent from its 52-week low of Rs 1,601.55 per share.
Mappls MapmyIndia, a leading Indian deep-tech digital mapping company, has partnered with Zoomcar, a popular self-drive car-sharing platform. This collaboration offers users a seamless way to book a Zoomcar and plan their trips using the Mappls App. With Zoomcar's extensive network of over 25,000 cars across 99+ cities, there's a vehicle for every traveller’s needs.
The Mappls App is a comprehensive travel companion that simplifies the way Indians explore. Users can now book a Zoomcar directly within the app and benefit from features like 3D junction views for navigating complex intersections, real-time safety alerts, and AI-powered travel recommendations. By integrating Zoomcar's services, Mappls is providing a one-stop solution for planning and executing hassle-free journeys.
This partnership between Mappls and Zoomcar marks a significant step towards redefining how people travel. By offering users the flexibility to plan their trips, book cars, and access detailed information all in one place, Mappls is empowering travellers to explore the world with ease and convenience. This integration is a testament to Mappls' commitment to providing innovative solutions that cater to the needs of today's tech-savvy adventurers.
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About the Company
C.E. Info Systems Ltd, known as MapmyIndia in India and Mappls globally, is a leading digital mapping and deep-tech company. They offer a wide range of services including digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS). Their comprehensive map data, software, platforms, and APIs cater to various users like businesses, government organizations, developers, and consumers. Pioneering digital mapping in India since 1995, they've built a strong position by offering the most detailed and accurate digital maps of the country, from 2D to AI-powered 3D and 4D versions. Their Mappls platform goes beyond basic mapping, providing functionalities like location services, geospatial analytics, and solutions for logistics, fleet management, and connected vehicles. With a focus on continuous innovation, MapmyIndia is not just leading the digital mapping industry in India but also building a comprehensive digital representation of the real world.
The company has a market cap of over Rs 11,000 crore and has delivered good profit growth of 28 CAGR over the last 5 years. The shares of the company have an ROE of 21 per cent and an ROCE of 26 per cent. The stock is up by 31 per cent from its 52-week low of Rs 1,601.55 per share. Investors should keep an eye on this mid-cap IT-software stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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