Ecommerce news India - The founder of the company believes that the economic cost of providing 20 paise per kilometer with a load capacity of 150 kg, provides great value to users, compared to traditional bikes. EBikeGO bikes provide a top speed of 55 km / h and can run up to 100 km per load.
Ecommerce News India|eBikeGO aims $2 million pre-series funding for fleet expansion
MUMBAI: With the aim of capturing 5% of the two-wheeled commercial market by 2021, eBikeGO which is based in Amritsar plans to start giving two-wheeler electric vehicles to add 25,000 motorcycles to its inventory, and further seek pre-chain financing for the last $ 2 million or Rs. 14 crore to finance this expansion.
The eBikeGO rental platform, founded by Dr. Irfan Khan, started from 640 customers in 2017 to 18k (18,000) users in 2019. The company has set the bold goal of reaching 1 million users in this calendar year making big Ecommerce News India.
The founder of the company believes that the economic cost of providing 20 paise per kilometer with a load capacity of 150 kg, provides great value to users, compared to traditional bikes. eBikeGO bikes provide a top speed of 55 km / h and can run up to 100 km per load.
"We believe that since we are the first company in the market to have a profitable rental model, this will help us grow quickly. There is no competition and demand is growing rapidly. We have to think about increasing our turnover by 30 times over the next three years." Khan added.
eBikeGO works with various couriers to convert their fleet into electric, and has successfully provided motor solutions for companies like Zomato, Delhivery, Ferns & Petals, Gostops, Big Basket and Ninja Cart among others.
eBikeGO expects to increase links with 69 companies in this calendar with a fleet of 30,000 electric cars that provide packages.
In addition to providing two-wheel electric vehicles for rent, eBikeGO also offers roadside maintenance, maintenance and assistance as well as compact technology that leads to a hassle-free experience.
eBikeGO recently made headlines in Ecommerce News India when it raised $ 300,000 as part of the latest round of financing led by Startup Buddy. The tour also included the participation of other investors such as singer Sukhbir Singh, Rajesh Sohni (co-founder of Innerchef), Rohit Chanana (founder of Sarsha Consulting), Siddhart Ahluwalia (founder of 100x Entrepreneur), Bodke Ventures, Melinde Jarrod, Aaron Gulab, Shantanu Finickar and other CEOs.
The company also recently signed an agreement with Rapidot Motorbike Taxi, based in Bangalore, to electrolyze 10% of its upcoming fleet of petrol cars within a year.
EBike Go hopes to provide services to neighboring countries that are also fighting pollution.
The platform is operating today in Amritsar, Delhi, Jaipur, Mumbai, Bangalore, Hyderabad and Vijayawada and plans to expand in Pune and Chennai in the coming months.
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