Fast & Furious: Series C Boosts E-Bike Mobility

Sarah, a young professional, steps into the vibrant chaos of Bangalore. The heat and frenzied traffic leave her feeling overwhelmed as she embarks on a month-long assignment. However, she soon discovers a network of electric bike-sharing stations scattered throughout the city, offering a refreshing solution.

Curious, Sarah uses an app to unlock a sleek blue bike and effortlessly navigates the traffic. She realizes these bikes are part of a micro-mobility network, established in 2017 to address congestion and pollution. This company aims to redefine urban mobility in India with a focus on sustainability and convenience.

A Partnership for a Greener Future

To achieve their ambitious vision, the company partnered with Mantra Labs. Together, they developed a user-friendly mobile app designed to provide seamless, shared, and sustainable first-and-last-mile connectivity. This collaboration marked a significant milestone in transforming urban transportation in India.

Challenges and Solutions

The bike-sharing startup faced several challenges, such as developing intuitive mobile apps, providing real-time analytics, accurately predicting demand, and optimizing vehicle routing. To tackle these issues, they collaborated with Mantra Labs to build a scalable and flexible platform. This partnership resulted in the creation of six integrated solutions:

1. Mobile Apps: The primary customer interface is essential for smooth operations.
2. Fleet Management Software: Core operations tool for real-time tracking, demand-based rebalancing, and maintenance.
3. Regressor Model: Critical for accurate demand prediction and efficient bike rebalancing.
4. Data Exchange Hub: Facilitates data flow from various sources, though secondary to app and fleet management functionality.
5. Billing Management System: Ensures accurate revenue collection, with less immediate impact compared to app or fleet issues.
6. Customer Relationship Management (CRM): Provides valuable long-term customer insights, secondary to core rental operations.

Enhancing User Experience

The app includes a suite of features designed to enhance user experience. Users can book and track rides, report issues, and view equipment details. Personal health stats allow users to track calories burned, distance covered, and time spent while displaying carbon emissions saved. Additionally, a rewards system lets users earn points based on their activities.

Impressive Results

The integration of these solutions has led to remarkable outcomes. As of January 2024, the platform has facilitated over 80 million rides, achieved a 99.49% daily crash-free usage rate, and maintained an average of over 2 hours of active bike use daily. Demand forecasting accuracy stands at an impressive 98.7%, and the app has over 5 million installs with a 4.4 average user rating.

Driving Success

Key features contributing to the platform’s success include accurate demand forecasting, real-time fleet management, a user-centric mobile app, and a robust CRM system. These elements have ensured optimal bike availability, efficient distribution and maintenance, enhanced user experience, and boosted user retention and loyalty.

Conclusion

This bike-sharing startup’s journey from concept to a leading micro-mobility solution demonstrates how innovative technology and strategic partnerships can revolutionize urban transportation. By addressing challenges in demand prediction, real-time routing, and user experience, the company has alleviated urban congestion and set a new standard for future mobility services.

To learn more about the revolutionary approach to urban mobility, contact Mantra Labs.