eBikeGo, India’s foremost electric vehicle rental service, is poised for substantial growth, announcing plans to scale its fleet of electric two-wheelers to over 1,00,000 vehicles by the end of the next fiscal year. With a robust presence already established in seven metropolitan cities, the company is now setting its sights on expanding operations into tier I and tier II cities nationwide.
The move comes amidst a burgeoning demand for last-mile delivery solutions, driven by a 6.4% growth rate in India’s e-commerce and direct-to-consumer delivery sectors as of Q1 2024. This surge underscores the critical need for affordable, environmentally friendly transportation solutions, as traditional fuel-powered two-wheelers contribute significantly to air pollution and carbon emissions.
Highlighting their commitment to sustainability, eBikeGo aims to replace 1,00,000 fuel-powered bikes with electric bikes by the next fiscal year, thereby preventing approximately 1,98,000 tons of carbon emissions. This initiative aligns with their mission to reduce environmental impact while meeting the escalating demand for efficient urban mobility solutions.
Founded in 2019 in Amritsar, eBikeGo has rapidly emerged as a leader in India’s rental business for electric two-wheelers, managing a current fleet of over 3,000 e-bikes. Leveraging four years of operational experience and extensive data analytics from their proprietary telematics device, which has tracked over 1 crore kilometers, the company is poised to optimize fleet management and enhance service delivery across diverse urban landscapes.
Dr. Irfan Khan, Founder & CEO of eBikeGo, expressed confidence in the company’s expansion strategy, stating, “After achieving remarkable success in metropolitan cities, we are now focused on leveraging our expertise to penetrate tier I and tier II cities. We are excited about the potential to transform daily commuting practices into sustainable habits that benefit both the environment and local economies.”
As eBikeGo prepares to scale its operations nationwide, anticipation grows for the company to further solidify its position as a pioneer in the electric mobility sector, driving innovation and sustainability across urban and rural India alike.
