Electric, India's largest electric two-wheeler company, has announced its
partnership with Bangalore-based electric mobility rental start-up Bykemania.
To keep up with the growing demand, Bykemania has successfully developed a wealth
creation model called VOLARIS through which even small ticket investors will be
able to own and lease EVs to Bykemania on a revenue share basis.
Electric’s commitment to deliver a 360-degree mobility solution will see it
provide service support through its 700+ dealer network along with a dedicated
relationship manager for maximum uptime. Hero will deliver 5,000 Nyx-HX, a work
horse from the ‘City-Speed’ category, to Bykemania for its Volaris programme
which has garnered high interest from wealth advisors.
electric’s two-wheelers ensure low running cost, high load carrying capability,
intercity range, and various other customisable features for its clients.
Making it the best available electric mobility solution ecosystem through a
comprehensive leasing solution, the bikes will be serviced end-to end through
Hero Electric’s robust service model with at least 90% uptime through the life
of the vehicle.
Bangalore-based startup, Bykemania with a registered customer base of 500,000+
has generated more than 100,000 subscriptions so far through its consumer app
and operates across Bangalore, Delhi, Bhubaneshwar & Kolkata. Rapidly
increasing fuel prices and alarming pollution rates have left the Indian
commuter helpless. Electric Vehicles have therefore become the need of the
hour. Addressing this consumer pain-point at scale is Bykemania, a two-wheeler
bike rental startup that caters to the modern mobility needs of the new-age
eco-conscious consumers and businesses. Through this collaboration, Hero&
Bykemania now moves a step ahead in its endeavour of making the country greener
and to be the best in ‘Zero Pollution’ transportation in the country that is
supported by their Mission “No Emission”.
Gill, CEO, Hero Electric said, “Over the last few years, intracity
transportation has become crucial as doorstep deliveries have increased
manifold. The lower total cost of ownership and operating costs have made EVs
more attractive for the intra-city cargo segment. Bykemania has created a
unique tech enabled platform with strong track record for leasing two-wheeler
vehicles. This makes it a win-win situation in last mile connectivity, which is
the main motivation behind the tieup with Bykemania. At Hero, we strive to
provide complete solutions to a B2B customer ensuring 90% plus uptime, through
our 700 plus sales touchpoints. We will thus be able to offer longer rides and
a lower cost of ownership while delivering powerful, rugged vehicles to cater
to modern consumers inclined towards rental services offered by Bykemania.”
to this, Subham Krishna, Founder, Bykemania said, “Our biggest challenge was to
identify the right product that can withstand the road, environmental, and
usage conditions without compromising on key performance metrics. Our
partnership with Hero Electric is a massive step forward in this direction, as
our users now have access to high quality yet affordable two-wheelers,
tailor-made to manage the range, durability, and payload expectations. We have
seen triple digit demand growth in our EV segment and our partnership with Hero
electric will enable us to service massive demand from business’ and end
on the occasion of the handover of these bikes from Hero Electric, also
organised a Freedom ride to highlight the vision of freedom from pollution and
transformation to EVs in Bengaluru.
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