Investors Eye On Bike Rental Startups

The bike Rental startups Like Vogo, Bounce seems to become a rapid growth in Bangalore over the past three years. Cities Like Bangalore using depending on autos and taxis for daily passengers is not only costly but also wasting time as well. The introduction of Bike Rental Startups from Bangalore is quickly changing transportation.

Customers can pick up and drop one-way at any point within the city and get to work or access public transport. It is a great initiative and is helpful in Bengaluru where autorickshaws charge very highly says Bangalore techie.

Vogo offers one of the most competitive rates and the main differentiator is that the charge consists of fuel that performs it highly economical offers one of the bike rental startups founded in 2014 by Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal. Another Bike rental is Bounce It is known as metro bikes and they introduced with providing the last mile connectivity from metro stations.

Vogo needs to be dropped at specific Vogo stations but Bounce can be dropped where ever we want. The working method is very simple, first of all, to find the pick-up point and select the vehicle, Enter OTP and start riding. A lot of Investors are interested and ready to invest in bike startup portals such as Vogo and Bounce are crossing 1 lakh rides a day only a year into full operations.

Ola has invested around $100 million in Vogo to help expand the supply of vehicles for scooter sharing and Vogo has expanded its operation into Hyderabad. Scooter sharing startup Bounce formerly known as Metro Bikes valuation crosses $220 million with funding from EX CEO of Myntra and others.

On the Vogo platform also offerings that it will be available for Ola’s customer straight from the Ola app. The Biggest Fear of Vogo and Bounce is that some customers drive scooter carelessly and took the helmet from the bike.

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