Oye! Rickshaw, one of India’s fastest-growing EV mobility players, is set to launch its operations in 25 new and deploy 100,000 commercial EVs by the end of 2022 to achieve the annual revenue target of INR 4500 million.
E-rickshaws have emerged as a winning transition to the electric mobility race in India over the last few years. With 10,000+ e-rickshaws, the Delhi-based micro-mobility company offers its services in 6 cities of
Delhi NCR, UP and Haryana that have completed 6 million rides and deliveries in 2021 alone. The company recently launched its services in Kanpur and aimed to expand to 25 cities this year in the upcoming months, starting with Jaipur, Lucknow, Meerut, among others.
The company aims at 10x growth
With an aggressive geographical expansion plan intact, the company aims to complete 60 million rides and deliveries in the year 2022.
“Through our rideshare and delivery model, we have directly impacted in reducing 1.5 million tons of greenhouse gas (GHG) emission by the end of 2021. With our forward-looking approach, we are focused to work towards building a bigger, better and sustainable business that has a multiplier effect on society and the environment,” said Mohit Sharma, Co-Founder, Oye! Rickshaw.
With 2022 set to be the year of building and strengthening the Indian EV ecosystem, EVs have become an integral part of the mobility landscape for daily commute and the last mile deliveries.
Oye! Rickshaw has completed over 3.5 million deliveries to the direct customers of Flipkart, Udaan, Grofers, Jiomart etc., in 2021.
The company to scale battery swapping units
The company’s sole purpose is to build an efficient future-ready ecosystem around e-rickshaw to solve micro-mobility challenges in ride and delivery.
The company aims to build more than 600 battery swapping stations and scale to over 10k vehicles by the end of 2022.
The startup is addressing hyperlocal mobility, logistics and energy challenges while empowering millions of e-rickshaw drivers to live better lives being the only EV company aspiring to build an end-to-end ecosystem around e-Rickshaws.