Amritsar based eBikeGo is now expanding to four other cities Mumbai, Bangalore, Hyderabad and Pune with the increasing demand and also increasing their fleet in cities they are already in
An Amritsar-based startup which rents electric two-wheelers is expanding beyond four Indian cities where it is currently operating to other parts of the country in an "a bid to tackle pollution and making vehicles more environment-friendly."
eBikeGO, an electric two-wheeler rental platform, has raised $300,000 as part of its recent funding round led by Startup Buddy.
In a statement, the startup said it is now expanding to four other cities Mumbai, Bangalore, Hyderabad and Pune while the demand for its services is increasing in cities they are already in. eBikeGo also hopes to expand its network to include Chennai, Kochi and Kolkata in the near future.
Here are the full details about the electric two-wheeler rent service platform:
1. eBikeGO planning to expand
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eBikeGo is India's leading electric two-wheeler rental platform that provides an economical and environmentally friendly fleet solution for last-mile delivery.
The founder, Irfan Khan, saw an opportunity for reducing 2w emissions and raised some capital from friends and family to start this company in Amritsar.
After an excellent initial response, the company expanded to four cities in two years and is planning to expand in 8 cities in the third year.
2. eBikeGo to work with delivery companies
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eBikeGo is working with different delivery companies to convert their fleet into electric and has successfully provided fleet solution to companies like Zomato, Delhivery, Ferns & Petals, Gostops etc.
3. eBikeGo's aim to tackle pollution
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"eBikeGo is solving the major problem of pollution in India by converting the fleet of petrol two-wheeler to electric, and at the same time, it is helping drivers to increase their take-home income by more than 25%. This is the part that interested me most,” said Amit Singal, founder of Startup Buddy.
"eBikeGo is also addressing duel problems of pollution control and employment generation. It intends to save about 21 mn tons of emissions, in next 5 years, coming out of petrol bikes on one hand and aiding employment of deserving youths who do not have to own a bike to gain employment," said Milind Garud of Midas CFO.
"eBikeGo has contracts signed with multiple companies and has letters of interest from many others to provide fleet. Thus eBikeGo plans to go to pre-series fund-raising round very soon to meet the rapidly growing demand," said Irfan Khan, founder of eBikeGo.
