Ola started with investing hundred million in VOGO for a majority of share and this was a vote of confidence for ola and many other investors who believed in micro-mobility and the era of modern vehicles which were powered by electricity. There were a good amount of celebrations taking place and their version is justified, the insiders in this mobility solution companies say that the operational costs might have been underestimated by the companies
The bike rental is 300 million dollar market in India and this seems working great and point A to B solutions or last Mile mobility is a cash burner for most companies who want to operate the two-wheelers. That is a 5 billion dollar market.
The economics are not going so well because of the rights which are offered at a discounted price of 6 rupees per kilometer are running at a cost which is two times or three times greater than that. Extra costs include maintenance, insurance, rebalancing, manpower as well as some assets amortization and that is the reason this process is tougher when you try to launch it.
A source from the top company says “Most bikes in the inventory are used only once a day and this is where they are burning cash. One is really not going to make money while running gasoline engines for a point A to B solution,”
The numbers prove it, before, there were companies which had to stop this service because the high cash burn was not sustainable enough and the investors could not back them as well as merge them with the competition which was there.
Yes, there will always be some cash burning but this is a bigger problem because the petrol engine market will not be sustainable under the current model of high burn.
Why electric is better than petrol
There are a good amount of issues which are on the ride-sharing platforms, especially the bike sharing platforms where there are a lot of regulations which are wearing from one state to another and a good amount of companies have Run into the trouble of transport department.
A source from ola told that the fights with the authorities for becoming a massive cash drain for the company and if they go the electric way, it will help all the authorities as well as all the electric vehicles.
This will become more and more flexible over time. There are different startups like the bike taxi startup which become popular with the young generations for commute purposes. Yes, those startups already exist but they have to still wait for a long time so that these things get regulated.
When we talk about electric vehicles, the investments are low and the returns are When we talk about electric vehicles, the investments are low and the returns are high. The running cost is also really low. Rapido believes that the future of bike taxi is electric. The cost of maintenance will be down and this will put more money in the pocket of the bike people. This bike has no maintenance of engine and other moving parts.…
We know that there are not a lot of white discharge electric and there are not a lot of bikes which can satisfy the people with an attachment to speed. But the 200cc bike is here in order to make you think again about the Electric bikes.
There is a Startup which is started by TVS Motor which wants to launch a premium electric motorcycle which is equivalent of a 200 to 250 cc bike and is capable of reaching up to 150 kilometers per hour speed. This will be the fastest bike available in India which is electric and two-wheeler as well.
This startup is 3 years old and is located in Bengaluru and they claim that this is now in its fourth generation and has outperformed similar vehicles which are given using fuels in design, performance, experience and much much more.
It is also defeated those vehicles in the price points. This will be the first to launch by the company and along with the first prototype having been built in 2016 and the number of versions tested over 10,000 kilometers, this is something which is one of the best results they have gotten so far.
The intention, when they started out, was to not build the best electric bike but the best solution to mobility. This is what the CEO of the company said pointing out that the poor performance which is associated with the electronic vehicles because of the lower power and unpredictable range, they wanted to showcase the performance of electric vehicles over the internal combustion engine vehicles and make them seem desirable. The volumes are really Limited and the boundaries cannot be posted or maybe they are not pushed yet said the CEO.
New light the top speed of this bicycle will surpass the 138 kilometers per hour mark which are the top speed of KTM Duke, which is said to be the fastest 200cc bike in India. This company wants to make its position in the market of electronic bikes concrete. More than 11 crore rupees have been invested in these bikes by the company over to round and the bike has been planned to be sold in Bengaluru and then the other cities targeting customers in their early to late twenties.
The fourth generation of the bike is close to production and all they need is some more testing in order to determine the final statistics of the performance said the CEO. They work on the Lithium-ion batteries in order to maximize efficiency, range, energy density so that all the features are maximized.
There will also be facilities at Bengaluru in early 2019 with the installed capacity of more than 12000 vehicles, said the chief vehicle Technology officer saying that the form is in the process of filling more than nine utility patterns based on the bike’s engineering.
They said that the future of technology should we adapt and it should be going in the direction which the users wanted to go. The remote Diagnostics and over the air updates will be provided on the mobile application for the users. They also want to set up a smart network of charging points on a city-wide basis. This will begin with Bengaluru.
In India, there has been a lot of activity in the electronics vehicle section. Royal Enfield and Bajaj are also developing their own electronic vehicular solution.…
UC Davis published a brief that will be useful for legislators who are considering expanding state zero emission vehicle incentives in order to include electronic bikes. Dillion, a researcher at the UC Davis Institute of transportation studies, said that there were reports and studies which were existing on electronic bike incentive programs in order to evaluate whether they help reduce car trips.
The research which is available is limited but he found out that the programs report between 35 and 50% of bike trips would have been made by car if an electronic bike was not available. A good amount of research comes from the European city is where the programs are really common and when you compare them to the USA, the programs have a significantly higher rate. A lot of programs are pilot which consists of an end date and a cap which offer financial incentives in order to purchase an electronic bike.
There are other restrictions, like only being available to the people who are traveling by car currently, requiring e-bikes to be used for commuting, adding higher incentives for cargo bikes. In the United States, when a car is replaced for a trip, it is a reported reason for buying an electronic bike. There are only some studies which will help you quantified the car substitution rate which ranges from 11 to 46%.
When you measure the number of Miles that electronic bikes replace, this has been harder and existing research is not available openly. Some studies show that electronic bike users replace around 1.6 to 5.2 % of their vmt with electronic bike riders. In some cities, using small programs which are targeted, the numbers are greater than 20% in the United Kingdom and this is a positive point.
One of the biggest barriers to getting an electronic bike is the cost of e-bikes. Only providing financial incentives in order to purchase the electronic bikes will be a partial success but other strategies should be used like infrastructure and programming in order to encourage the bike used.
Bike sharing services which promote the use of electronic bikes show that there is an increase of awareness and experience with electronic bikes which will surely increase the demand for owning private electronic bikes as well.
The demand for electronic bikes is very high and incentives to help people in order to get encouraged in order to purchase electronic bikes but the funding is running out because of the high demand of electronic bikes in Europe. There are a good amount of benefits which are yet to be measured but the dominant benefits are surely clear to the people.
Electronic bikes are great for replacing cars and going to places for general purpose is made much easier when you compare it to a car.
The companies are also asking for adding 5 million to the California clean vehicle rebate program which is specially made for electronic bikes and is a part of annual allocation from the greenhouse gas reduction fund. This is a good time to encourage people to purchase electronic bikes. We hope that this article helped you gain some insights on electronic bikes. Have a great day.…