Droom Impact
Droom keeps ESG considerations at the forefront of every critical decision as we believe ESG is essential for the long term success and well being of the business.
We take our environment very seriously. We are committed to reduce carbon footprint of our planet by making EV adoption scalable and low cost, by creating pure play E-Commerce platform, and extended economic lifecycle of an automobile.
Our Values and Culture underpin our ESG strategy
Our Values
Customer centricity Passion High Energy Long-term Approach Learn from Mistakes High Work Ethics Frugality Result Oriented Taking Ownership Positive Attitude Data Driven Humility Speed to Market & Power of Iterations Documentation
Our Culture
Customer Focus Meritocracy Being Rebellious & Disruptive Casual Innovation is a Lifestyle Zero Tolerance for Work Politics Work Hard & Play Hard Fun Loving & Collegial Passion for Tech & Automobiles Speed to Market & Iterate Fast
Our Strategy
Increase lifetime value by promoting used vehicle sales
Promote sale of EVs in India by supporting EV OEMs
Minimize carbon footprint through pure-play e-commerce model
Creates Positive Outcomes for Our Stakeholders
Droom ESG framework
Droom to deliver the following by 2030:
Enable 15Bn lbs. reduction in CO2 emissions
2Mn+ EV sales by 2030 – Droom to become the largest seller of EVs in the world
Most inclusive, diverse and equal opportunity employer in India
Strong corporate governance with 50% independent directors on our board
15Bn lbs.
Reduction in CO2 emissions in India to be driven by Droom as we Droom to become the largest seller of EVs in the world
As the 2nd most populous country, India will adopt EV in next one decade BIG TIME
65% CAGREV Growth in India Until 2030
$150BnEV Market by 2030
24MnEV Annual Shipment by 2030
66%Reduction in Emission vs Gasoline
150K KmLifecycle for a Vehicle
12 YearsLife span of a vehicle
As a de-facto platform for EV sales, Droom to enable 15Bn lbs. (or 66%) reduction in CO2 emissions
15Bn lbs.+
Reduction in vehicle CO2 emissions enabled by Droom
Note: 1) Compared to Gasoline engine vehicles; 2) Assuming 2Mn EV sales on Droom between 2022 and 2030Source: Alternative Fuels Data Center – US Department of Energy, Droom analysis
Droom is building India’s largest, most scalable and low cost transaction platform to make EV adoption ubiquitous
India’s Largest Automobile Platform
Only Pure Play E-Commerce for Automobile
Only Platform Selling both New and Used
Only Platform Selling All Type of Automobiles
Only Platform Selling All Fuel Types
EV OEMs prefer selling via Droom
They want to sell online to avoid the costs associated with physical dealerships and focus on investing in the R&D
Droom is a 21st century automobile platform, best suited for EV OEM’s who are also producing 21st century automobiles
Droom’s asset-light model has a 36% smaller environmental footprint vs. traditional physical retail models
250Mn lbs.
Reduction in auto retail value chain CO2 emissions enabled by Droom
3.9 Ton CO2 / Store
Carbon dioxide intensity of our competitors with physical retail network and inventory
Droom is the only player with asset-light model without any retail network
Note: Reduction over 8 years until 2030Source: Emission of carbon dioxide of selected retailers, ResearchGate; MIT Real Estate Innovation Lab
Droom is promoting higher utilization of vehicles by enabling resale of vehicles, thereby reducing waste
Significant increase in avg. age of the car owing to technical advances
Replacement cycle of cars in India has gone down from 55 months in 2006 to 40 months
Grant Thornton
Higher avg. age of the car coupled with lower ownership period has translated into increased opportunity to sell vehicles multiple times before their end-of-life
Largest player in the automobile B2C e-commerce in India
India EV market to grow significantly; Droom is the de-facto choice of OEMs for EVs
Droom to sell 2Mn+ EVs between 2022 and 2030
2W to account for 89% of the total EV sales in India
Droom is the only e-commerce platform selling 2Ws in India