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Archer to join IndiGo, ride-hailing apps to expand reach of electric air taxis
Livemint
·
1y ago
Medial
InterGlobe, the largest shareholder of IndiGo, is set to form a joint venture with Archer Aviation to launch electric air taxis in India in 2026. Archer Aviation, based in California, is developing electric air taxis with a range of 100 miles and a maximum speed of 240 km per hour. The company expects to gain certification from the US aviation regulator by the end of 2025 and launch in India soon after. The joint venture will also explore opportunities in cargo, logistics, medical services, private charter services, and more in India.
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Karnataka may end bike taxi services in Bengaluru on poor response from aggregators
Economic Times
·
1y ago
Medial
The Karnataka government is considering ending bike taxi services due to a lack of response from ride-hailing firms to offer electric two-wheelers. The only firm that has applied for a license under the bike taxi scheme is Wicked Ride, the parent company of EV manufacturer Bounce. The government has not found the response from platforms encouraging enough, despite Karnataka being the first state to promote electric bike taxis. A study will be conducted to reintroduce the scheme with modifications in Bengaluru. Auto drivers have demanded a ban on bike taxis in the region.
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IndiGo Parent To Launch Electric Air Taxis In India By 2026
Inc42
·
1y ago
Medial
IndiGo Airlines' parent company, InterGlobe Enterprises, is set to launch an electric air taxi service in India by 2026, in partnership with Archer Aviation. The joint venture aims to deploy 200 electric vertical takeoff and landing (eVTOL) aircraft in Delhi NCR, Mumbai, and Bengaluru. The initial route is expected to connect Connaught Place in Delhi to Gurugram in under seven minutes. The cost of the deal is estimated at $1 billion. Archer Aviation is currently in discussions with the US Federal Aviation Administration for certification of its eVTOL planes.
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Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M
TechCrunch
·
1y ago
Medial
African mobility fintech company Moove has raised $100 million in a funding round led by Uber, the ride-hailing giant's first investment in an African startup. Moove offers vehicle financing to drivers working for ride-hailing and delivery apps. The funding will be used to expand Moove's revenue-based vehicle financing platform to 16 markets by 2025. The company plans to focus on expanding its fleet of electric vehicles and sustainable mobility solutions. Moove currently operates in Nigeria, South Africa, Ghana, the UK, India, and the UAE.
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Rapido takes on Ola, Uber with ‘low-cost’ airport cab service
Livemint
·
10m ago
Medial
- Rapido, a ride-hailing startup, is expanding its services to include low-cost airport taxis. - The company expects the airport segment to contribute over 20% of its overall revenue. - Rapido plans to launch its airport taxi service in all metros this quarter. - The growing number of air passengers presents an opportunity for ride-hailing services to capitalize on the demand for airport transportation. - Setting up booking kiosks near airports and collaborating with airlines could boost Rapido's presence in the airport market. - The airport rides segment has potential for growth, with taxi rides being the preferred mode of transport for airport transfers.
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Rapido’s two-wheeler contract carriage permit request rejected by Karnataka transport minister
Economic Times
·
1y ago
Medial
Rapido, a ride-hailing platform based in Bengaluru, has urged the Karnataka government to issue contract carriage permits to two-wheelers and bike taxis. This comes after the Congress regime recently rolled back its 2021 electric bike taxi policy due to misuse. Rapido believes that allowing contract carriage permits for bikes would promote innovation and growth in the ride-hailing sector, and would align Karnataka with other states that have successfully implemented similar models. However, the transport minister has rejected this demand, stating that there are no plans to issue permits to two-wheelers in the near future.
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No more bike taxis in Bengaluru as Karnataka withdraws its bike policy citing its misuse
Economic Times
·
1y ago
Medial
The Karnataka government has banned bike taxi services due to a lack of response from ride-hailing companies to offer electric two-wheelers and misuse of the existing policy. The Karnataka Electric Bike Taxi Scheme, introduced on July 14, 2021, has been withdrawn. Only one company, Wicked Ride, had applied for a license under the scheme. The government plans to modify the scheme and reintroduce it after conducting a comprehensive study on the mobility sector. Bengaluru has become a contentious market for bike taxis, with clashes between auto drivers and bike taxi services.
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InterGlobe's air taxi service to cover 90-minute trips in 7 minutes
Livemint
·
1y ago
Medial
Indian airline IndiGo, owned by InterGlobe Enterprises, has partnered with American aviation company Archer to launch an electric air taxi service called 'Midnight'. Set to begin operations in Delhi, Mumbai, and Bengaluru in three years, the eVTOL aircraft will offer a 7-minute flight alternative to the current 60 to 90-minute travel time by car. The service aims to address urban traffic congestion and may also be expanded for cargo and emergency medical services.
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Ola applies for licence to operate e-bike taxis in Karnataka
Economic Times
·
1y ago
Medial
ANI Technologies, the parent company of Ola, has applied for a license to operate an electric bike taxi service in Bengaluru and other towns in Karnataka. The state allows EV two-wheelers to be used as bike taxis under its Electric Bike Taxi Scheme, 2021. Ola's founder, Bhavish Aggarwal, recently announced the re-launch of Ola Bike, a two-wheeler taxi service that will use electric scooters. The move is aimed at expanding ride-hailing services in smaller towns and promoting environmentally friendly transportation options.
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Bengaluru likely to end bike taxi
Inc42
·
1y ago
Medial
The Karnataka government is considering ending bike taxi services in Bengaluru due to a lack of response from ride-hailing aggregators. Chief Minister Siddaramaiah has reportedly agreed to withdraw the Karnataka Electric Bike Taxi Scheme following poor participation by companies offering two-wheeler services. The scheme was designed to address urban mobility issues, including first and last-mile connectivity. Currently, only one company, Wicked Ride (parent company of Bounce), has applied for a license under the scheme. Other states like Andhra Pradesh, Bihar, and Goa, have allowed bike taxis.
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Karnataka HC refuses relief to bike aggregators; Nasscom warns state govt of huge job losses
Economic Times
·
1m ago
Medial
The Karnataka High Court declined to stay a single judge's order stopping bike taxi services until a policy is in place, affecting companies like Ola and Uber. Nasscom warned the Karnataka government of job losses and economic impact, urging a policy review similar to other states. The state previously banned bike taxis due to lack of electric vehicle use and tax issues, causing a clash with ride-hailing services. The case is ongoing.
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