Category: Start-up

This Indian startup has a shot at becoming the Tesla of electric two-wheelers

That is a new automobile brand in India which is not something to be taken lightly because there is a good amount of challenge involved in it and it is even more difficult when you want to plan exclusively for launching best electric vehicles.

Bangalore

This startup is a Bangalore based startup and it wants to take it up to the task and wants to test the faith it has on the future of Electric bikes. This company released two of the two-wheeler at the official event of this company in the City. These are the 340 and the 450 versions.

They have a range of 60 km and 75 kilometers on a single charge and it is quite admirable, the top speeds which they can reach our 80 kilometers per hour and 70 kilometers per hour and they also include a 7-inch touch screen for navigation so that you do not need to worry about the roads.

This is hardly the first company to bring out the Electric bikes in India but the way it is approaching to bring the rides to the market and doing something which is similar to a thoughtful ownership experience is more similar to that of Tesla than its local competitors.

The CEO of this company told on the stage that it is one of the biggest puzzles when you are trying to launch an electric vehicle brand in India which is the country where there is no charging infrastructure available.

Charging Points

The charging points are there in public as well as private facilities and it has been a big problem in making them available and if the government, as well as the real estate developers, offer points when electric vehicles are not yet commonplace, they should make them available if they want to promote electric vehicles and make people by them.

charging

This company has a good amount of a network of smart charging points which help people charge bikes quickly after the authentication of your vehicle. Their location is where people enjoy riding the bikes after or while having some downtime and this bike will charge up to 80% in just 50 minutes.

The launch of this in Bangalore had an installation of 17 charging points total across the Bangalore Town to ensure that people are never more than 4 kilometers away from a charging point.

This is an initiative which took two years to be completed and now this company will target each and every town where at launches the bike ok so that it can provide charging points there as well.

This company you will offer a good Diagnostic facility like Audio Electric Bike in its mobile application so that you will know what exactly is wrong with your electronic bike and you will be able to schedule service at your convenience. Your bike will be picked up from your location to the service centers and then it will be returned back to the address which you have mentioned.

These kinds of services which are provided with unlimited charging of your bike as well as consumables and roadside assistance are taken care of with a unique subscription plan that is cheaper than what you will be there with a petrol fuel bike.

You will also get over the air updates for the firmware and software of the bike on your mobile phone which will help with things like monitoring your battery as well as optimizing it for power management. Most of the hardware which is installed in the bike will be easily upgradable as well.…

The future is electric: how bike-sharing and rental startups are trying to crack unit economics.

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.

Economics

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

Issues

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.…