India is fast growing on Electric vehicles and when the makers of cars and bikes/scooters are running towards manufacturing more ecological vehicles then why not rickshaws too. That’s where giants like Oye! Rickshaw comes into play. A Gurugram based electric rickshaw hailing company is adamant in changing the outlook of people by engineering pollution-free rickshaws in Delhi NCR.
India’s fastest-growing tech-based company in the micro-mobility sector, founded in 2017 by Mohit Sharma and Akash Deep, Oye! Rickshaw is an ecosystem of businesses around the driver-partners by providing them Ride, Delivery, and Battery Swapping business models.
The commuters can book the e-rickshaws through an app on the go. The Oye! Rickshaw app is based on connecting the e-rickshaw owners and daily commuters model. The company understands the need for a convenient and affordable daily commute by providing a seamless and comfortable experience to its customers. With just a click of a button on your smartphone, you can book economical and eco-friendly rickshaws with the real-time tracking device.
Using the Oye! Rickshaw android/ios app is as easy as a child’s play, the e-mobility provider supports cashless payment through multiple payment gateways with dedicated customer support available 24/7. Developed in-house by some of the best techs in the country, for the safety of its customers, the app supports an SOS button and the customers can ride with verified and trained drivers.
Oye! Rickshaw is an amalgamation of three beautifully engineered concepts – Ride, Deliver, and Battery Swapping.
With approximately 8000 driver partners over the five cities of Delhi, NCR, Oye! Rickshaw believes not only in creating value for the customers but also for their drivers. During the pandemic, the company provided a side stream of income for their e-rickshaw drivers while many like them were losing financial hope. The team provided a delivery platform where the drivers can deliver goods to the customer’s doorsteps and get paid for the same.
By partnering with brands like Big Basket, Jio Mart, Udaan, etc. the drivers could provide an enjoyable ride to their customers during the peak hours in the morning and evening and keep themselves busy by delivering goods to incur extra income post-Covid-19.
Oye! Rickshaw is need-sensitive and to empower and provide extra miles to their driver-partners, they have started the Battery Swapping business. The usual time to charge an e-battery takes up to 8 to 10 hours and costs Rs. 100 to Rs. 150 per day. Through battery swapping the time is reduced to just 2-5 minutes and the company provides an instant discount of Rs. 50 to their driver-partners too.
Through a single battery charge, the e-rickshaws have the mobility of 50-60 Km range but with the introduction of Battery Swapping by Oye! Rickshaw, the e-rickshaw has increased its range to 100 Km per day.
The battery used by Oye! Rickshaw’s e-rickshaws are lithium ion-based. This is an advanced technology that uses lithium ions. As it is the key component during the whole electrochemical cycle, the lithium atoms are ionized and separated from their electrons during the discharge system. The ions are permitted to move through a micro permeable separator. Due to their small size, they have a very high voltage as well as high charge storage per unit mass and unit volume.
A Lithium-ion battery is one of the most technologically advanced batteries available in the market that is very safe for drivers as well as riders. These IoT-enabled batteries are tracked, traced, and analyzed via a battery intelligence system developed by the in-house team of Oye! Rickshaw. This innovative system makes lithium-ion batteries the smartest in the market by provides crucial information like the life of the battery, number of rides and analyses them at the same time. This aids the company to constantly improve the riding experience of their riders and driver-partners too.
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By completing 1 million swap kilometers through their battery swapping business model, Oye! Rickshaw provides a pandemic proof model not just for their e-rickshaw drivers but for the whole community as well.
It takes not more than a couple of days to register as a driver-partner with all the security checks in place. They can come on board with the company through the mobile app or through the website too. They are provided with quality training by the company that maneuvers them to achieve a better living status and understand the delivery pattern for the third parties at the same time. Oye! Rickshaw does not just deliver goods but is a Delivery providing service company.
With a mission to solve the First and Last mile commute and logistic issues, Oye! Rickshaw has raised $10 million under the able leadership of Mohit and Akash. Investors like Matrix Partners, Chirate Ventures, Xiaomi, Pawan Munjal, etc, the company has a strong emplOye!e base of 250+ experts and 7000+ drivers. By providing shared and private rides, the drivers and the company aim to balance the environment and mobility that creates a pocket-friendly riding option for the people of India.
The company is foreseeing a brighter future and is working hard to achieve massive growth in the Battery Swapping business. They aim to serve more than 5000 driver-partners by the end of 2021 and planning to expand their services across new cities and newer horizons.
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