Airlift (Pakistani company)

Airlift is a Pakistani app-based decentralized urban mass transit startup that allows customers to book fixed rate rides on buses and vans in their network.

Airlift
IndustryTransportation
FoundedMarch 2019
FounderUsman Gul
Headquarters
Lahore
,
Pakistan
Area served
Lahore and Karachi
ProductsAndroid and IOS Apps
Websitewww.rideairlift.com

History

The idea of Airlift was conceived by the founding Chief Executive Usman Gul after he experienced the congestion during his visit to Lahore for vacations which was caused by the inefficiency of local transportation.[1]

In March 2019, Gul along with a small team founded the Airlift and launched its operations with a pilot project in Lahore.[2] Gul initially self funded the startup using US$ 50,000.[1]

As of July 2019, the company was operating in two Pakistani cities, Karachi and Lahore.[1] In August 2019, Airlift raised $2.2 million in seed funding from local and international institutions.[3]

According to a report, Airlift acquired 50,000 riders in Lahore in less than five months of its operations. In November 2019, the company raised Series A funding of $12 million which included participation from American venture capital firm First Round Capital. [4][5]

Airlift Express

Airlift introduced an online grocery service in Pakistan with the name of "Airlift Express" bringing $10 Million foreign investment.[6] Airlift Express promises an amazing shopping experience through its express delivery of all orders within 45 minutes. Shoppers would also be able to choose from a wide range of products, which are sure to be delivered with accuracy and in high quality. Airlift Express is currently operating in Lahore and Karachi

See also

References
  1. Khan, Mutaher (21 July 2019). "Tech Talk: Smart buses to make intracity commute easier". DAWN.COM. Retrieved 17 September 2019.
  2. "Pakistani bus app Airlift raises $2.2m to expand to more urban centers". techinasia. Retrieved 17 September 2019.
  3. "Pakistan's ride hailing startup Airlift raised 2.2m seed". Daily Times. 9 August 2019. Retrieved 17 September 2019.
  4. "Pakistan's Airlift raises $12 million in country's largest Series A to build a decentralized global mass transit system". MENAbytes. Retrieved 14 March 2020.
  5. "Pakistani Startup Airlift Raises $2.2M As Investors Flock To Transit-Hailing Apps". finance.yahoo.com. Retrieved 17 September 2019.
  6. "Airlift introduces new online grocery shopping service in Pakistan". nation.com. Retrieved 9 October 2020.
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