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eBikeGo forms strategic alliance with ASSAR to deploy 30,000 e-bikes in next 3 years

eBikeGO will now help its business partners in electric mobility through its franchise-owned and company-operated (FOCO) model.
In phase-1, the deployment will be in seven cities with targets of 900 in Delhi, 700 in Mumbai, 700 in Bengaluru, 200 in Pune, 150 in Amritsar, 150 in Hyderabad and 200 in Jaipur.

ew Delhi: The e-mobility startup eBikeGO has formed a strategic alliance with Advanced Services for Social and Administrative Reforms (ASSAR) and Ease of Doing Business (EoDB) to co-deploy over 30,000 electric bikes in next three years to various e-commerce and logistics companies like Amazon, Big Basket, Swiggy etc.

The company aims to deploy 3,000 bikes every quarter. In phase-1, the deployment will be in seven cities with targets of 900 in Delhi, 700 in Mumbai, 700 in Bengaluru, 200 in Pune, 150 in Amritsar, 150 in Hyderabad and 200 in Jaipur.

T Irfan Khan, founder and CEO, eBikeGO, told ETAuto, “eBikeGO will now help its business partners in electric mobility through its franchise-owned and company-operated (FOCO) model. These 3000 bikes are the first of the lot from the ambitious pool of 30,000 bikes, that eBikeGO is targeting to convert to EV out of the current running base of 3 crore two-wheeler on Indian roads.”

The startup is looking to capture 10% of electric two-wheeler market share by 2022.

The alliance has got backing from the Ministry of Micro, Small and Medium Enterprises (MSME) which has been empowering better credit facilities, finance and bank guarantees to micro-enterprises through various government schemes and public/private banks.

Abhijeet Sinha, country director – ASSAR, said, “Our vision to facilitate ease of doing business resonates well with the Prime Minister’s call to search for opportunities in the times of crisis for Atmanirbhar Bharat. This alliance with eBikeGO is befitting and correctly timed and comes as a direct move towards employment generation of over 10,000 every quarter with the deployment of electric bikes.”

“More discussions to bring sustainability to the centre-stage of this initiative are underway with NITI Aayog, Ministry of Housing and Urban Affairs, Department of Science & Technology and Ministry of Electronics”, he said.

ASSAR has also been working on its pilot project, ‘National E-Highway Delhi-Agra-Jaipur (NH for EV), for which eBikeGo will provide 20 e-bikes on each charging station on the highway.

Founded in 2017, eBikeGO offers e-bikes on subscription in five cities including Mumbai, Bengaluru, Delhi, Amritsar, and Jaipur. The electric mobility start-up started with 640 users in 2017 claimed to be now providing mobility services to more than 18,000 users

The startup has recently appointed Indian cricketer Harbhajan Singh as its brand ambassador.


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