The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month.
There's little interest in seed funding now as investors are finding it a risky proposition.
Public bicycle-sharing systems are entering this untapped market.
Pai has direct and indirect investments in about a dozen companies.
Pai is the fourth Indian-American to become part of Trump's administration.
