Voler Car Limited is actively expanding its presence in India
Voler Car Limited’s Indian business is systematically implementing steps to strengthen its position in the local market. As part of this strategy, the company has entered into two important agreements that will contribute to its growth. Voler Car provides Employee Transport Services (ETS) to companies. Its main customers are members of the IT industry.
One of the deals is a new contract with Motherson Air Travel Agencies to provide transport services in the Bihar region. The deal is estimated to generate monthly revenue of Rs 3 crore for Voler Car. As part of the contract, the company will provide approximately 500 vehicles to operate in the region. However, the scope of services can be increased if additional requirements arise.
Voler Car’s second contract is with Teleperformance Global Business. The service agreement covers the provision of transport services in the Noida region. The profitability is estimated at over Rs 25 lakh per month. The contract also provides for the expansion of services as per operational requirements.
Both agreements are essential for the company. As part of its scale-up programme, they strengthen its position in the Delhi-NCR region. Voler Car is enhancing its operational capabilities by providing high-quality transport services to its customers. In addition, It adheres to the principles of sustainability, which boosts its competitiveness in the market.
Listing details
The news from Voler Car contributed to increased volatility in the market. In intra-day trading, the company’s share price hit a high of Rs 93. Subsequently, it fell to Rs 88 per unit.
Voler Car also undertook an initial public offering, which received a positive response from investors. The company went public on the NSE in February 2025 on such terms and conditions:
1. During the IPO, the share price was in the range of Rs 85 to Rs 90 per share. On the last day of the offer, demand for the shares exceeded supply by 13.6 times.
2. The company issued 30 million shares worth Rs 27 crore.
3. The terms of the IPO were to reserve 50% of the securities for qualified institutional buyers.
4. The retail allocation was 35%.
5. Non-institutional investors accounted for 15% of the issue.
The IPO will enable Voler Car to scale up its operations in the Indian market.
About the company
Voler Car was established in 2010. It specialises in providing transport services to multinational companies. The company organises the transport of employees from home to the office and back, with round-the-clock support from personal managers. Voler Car has a fleet of 2,500 vehicles, including cars, buses and electric vehicles.
In 2023-2024, the company made 323,550 trips. On average, this equates to approximately 884 transfers per day.
