E-bike-sharing platform Yulu starts operations in Mumbai, Energy News, ET EnergyWorld

E-bike-sharing platform Yulu starts operations in MumbaiMumbai: Bengaluru-based electrical bike-sharing platform Yulu on Monday began its providers in and round BKC, and Bandra East and Kurla stations within the metropolis. Backed by Bajaj Auto, the two-year-old startup had entered right into a memorandum of understanding with Mumbai Metropolitan Region Development Authority (MMRDA) on January 31 for offering a complete of 500 e-bikes at 25 totally different areas in these areas.

“The power was to begin by February 2020, however on account of COVID-19 pandemic situation it’s being operational on August 31,” MMRDA Commissioner RA Rajeev stated.

He additional stated the MMRDA is constantly striving to handle the issues arising out of vehicular site visitors in Bandra-Kurla Advanced.

Yulu plans to start operations in these areas in a phased method.

“To avail, the power one has to pay Rs 5 in direction of unlocking costs after which Rs 1.5 for each one minute of journey. There might be services of month-to-month recharges and bonus of 20-100 per cent,” MMRDA stated.

Initially, the fare system of the app-based service was mounted at Rs 10 for unlocking the cycle and there after Rs 10 per 10 minutes.

Yulu, which operates in Bengaluru and not too long ago entered parts of New Delhi and Navi Mumbai, has up to now raised about USD 15 million apart from the cash raised by way of debt.

Yulu co-founder and COO Hemant Gupta had earlier stated the providers might be obtainable around the clock and can be utilized by all commuters with age over 16 with out the necessity of a licence.

In the course of the COVID-19 pandemic, the company will sanitise the e-bikes continuously and can take ample care of the allied services, MMRDA stated.

The settlement with Yulu was part of MMRDA’s station entry and mobility programme (STAMP) initiative for partnering with technology-based functions with a concentrate on crowd administration, seamless commuter expertise and the elevated availability of handy last-mile providers.

This venture will result in precise deployment of options which might be scaled up by MMRDA for all metro traces as they get accomplished to supply pleasant commuting expertise to Mumbaikars, Rajeev stated.