Saturday, Apr 27 2024 | Time 09:34 Hrs(IST)
image
Business Economy


eBikeGo expanding its operations to four more cities

New Delhi, Oct 22 (UNI) eBikeGO, an electric two wheeler rental platform, has raised an undisclosed amount as part of its recent funding round led by Startup Buddy.
Amritsar based eBikeGo is now expanding to four other cities with the increasing demand and also increasing their fleet in cities they are already in. They are also working to expand the service network in different parts of the city to provide a solution for the customers and business partners using the two wheelers.
The round also saw participation from other investors like Singer Sukhbir Singh, Rajesh Sawhney (Co-Founder of Innerchef), Rohit Chanana (Founder, Sarcha Advisory), Siddartha Ahluwalia (Founder of 100x Entrepreneur), Milind Garud, Arun Gholap, Shantanu Vinekar and other senior corporate executives.
eBikeGo is India's leading electric two wheeler rental platform that provides economical and environmentally friendly fleet solution for last mile delivery. 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 excellent initial response, the company expanded to four cities in two years and is planning to expand in 8 cities in third year.
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, and Gostops among others, according to a statement here on Tuesday.
''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 driver to increase their take home income by more than 25 per cent. This is the part that interested me most,'' said Amit Singal, founder of Startup Buddy.
UNI RSA SHK1634
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image