- Rapido wants to electrify 10% of its fleet
- eBikeGo also provides its fleet to Amazon, Swiggy and Zomato
- Both Rapido and eBikeGo raised funding this year
Bengaluru-based bike taxi startup Rapido is looking to electrify 10% of its fleet by 2020 with the help of the electric two-wheeler rental platform, eBikeGo.
Besides Rapido, eBikeGo is also working with numerous other startups to electrify their logistics fleet. So far, the company has provided its e-bikes to food aggregator startups Zomato and Swiggy, e-commerce giant Amazon, logistics unicorn Delhivery, gifting platform Ferns & Petals and coliving hotel chain Gostops, among others.
Found in 2017 by Irfan Khan, eBikeGo generates revenue from tourist and customer bike rentals, alongside partnerships with logistics delivery platforms. It is currently operating in five Indian cities — Delhi, Amritsar, Jaipur, Jalandhar, and Agra — and is targetting Mumbai, Bangalore, Hyderabad, Pune, Chennai, Kochi and Kolkata next.
Back in August this year, eBikeGo to Andaman and Nicobar as well with its Ampere Zeal, which was procured from the electric vehicles (EV) manufacturer Okinawa Autotech. The e-bike rental startup started off from 640 users in 2017 and is now reportedly serving close to 18K users. The company believes that it will easily manage to reach a million users by 2020 and hopes to capture 5% of the commercial two-wheeler market by 2021.
This year, eBikeGo also partnered with Taiwanese electric scooter shared mobility platform, Urda, to accelerate its expansion plans. In September 2019, the company also raised $300K from Startup Buddy for a smoother expansion.