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Uber India bets big on two-, three-wheeler markets; needs push for EV fleet: India President

Economic Times

Economic Times · 8m ago

Uber India bets big on two-, three-wheeler markets; needs push for EV fleet: India President

Uber India is experiencing significant growth in the two- and three-wheeler markets, shifting from primarily a four-wheeler ride-hailing platform. This transition is attracting new drivers and consumers, changing growth dynamics for the company. Uber's India and South Asia President expects a deeper adoption of shared mobility in the Indian market. The company aims to provide different value propositions for consumers based on their use cases. Uber is also promoting electrification of shared mobility platforms and urges the government to allocate subsidies for shared mobility vehicles rather than private vehicles.

Related News

India One Of The Toughest Markets To Crack: Uber CEO Dara Khosrowshahi

Inc42 · 1y ago

India One Of The Toughest Markets To Crack: Uber CEO Dara Khosrowshahi

Uber CEO, Dara Khosrowshahi, considers India as one of the toughest markets to navigate due to demanding customers who are averse to spending. However, the company plans to expand its low-cost mobility offerings in India, particularly in two-wheeler and three-wheeler services. Khosrowshahi also expressed interest in exploring more affordable mobility options including buses. Additionally, Uber is looking to tap into India's digital public infrastructure, such as ONDC, UPI, DigiLocker, and Aadhaar, to enhance its services in the country. Despite challenges, India remains one of the major markets for Uber.

Uber launches two-wheeler taxis for women, by Women, in Bengaluru

Economic Times

Economic Times · 7m ago

Uber launches two-wheeler taxis for women, by Women, in Bengaluru

Uber India has launched the 'Uber Moto Women service' in Bengaluru, introducing a fleet of 250 women drivers to offer two-wheeler taxi rides exclusively for women. The initiative aims to address women's safety and mobility needs for last-mile connectivity, while providing flexible earning opportunities for female drivers. Riders can share trip details with trusted contacts, and drivers have the option to cancel if the rider isn't a woman. Uber plans to double the number of women drivers to 500 in Bengaluru by Q1 2025.

Two and three wheelers rides in fast lane for Uber

Economic Times

Economic Times · 8d ago

Two and three wheelers rides in fast lane for Uber

Uber in India has seen a significant shift towards two- and three-wheeler rides, with over 60% of customers opting for these modes of transport due to affordability and flexibility in congested areas. Despite expanding services and seeing growth in various categories, Uber's electrification efforts remain limited. The company operates only 25,000 electric vehicles, facing challenges like high financing costs and inadequate infrastructure. Uber is partnering with fleet operators to navigate these issues and enhance its services.

Rapido in midst of 500-city expansion; mobility opportunity offers strong upside: Cofounder P Guntupalli

Economic Times

Economic Times · 4m ago

Rapido in midst of 500-city expansion; mobility opportunity offers strong upside: Cofounder P Guntupalli

Rapido, a ride-hailing app, plans to expand to 500 more cities in India, capitalizing on the significant mobility opportunity. Cofounder Pavan Guntupalli highlighted the app's current 33 lakh daily rides and its leadership in the two-wheeler and emerging three-wheeler and four-wheeler markets. Rapido emphasizes customized solutions to meet diverse city needs and intends to enhance growth without immediate plans for an IPO or overseas expansion, focusing instead on India's substantial market potential.

Uber in deal with Shadowfax to integrate two-wheeler fleet

Economic Times

Economic Times · 9m ago

Uber in deal with Shadowfax to integrate two-wheeler fleet

- Uber has partnered with hyperlocal logistics provider Shadowfax. - Shadowfax's two-wheeler fleet will be integrated with Uber's UberMoto bike-taxi service. - Two-wheeler riders working with Shadowfax can switch to UberMoto during lean hours to offer bike-taxi services. - This partnership allows Uber to strengthen its bike-taxi operations and expand to towns where Shadowfax operates. - Uber plans to create third-party integrations with existing two-wheeler service providers to double its supply pool. - This is part of Uber's strategy to become the operating system for multiple form factors. - Shadowfax aims to diversify offerings to its two-wheeler driver partners and become the most diversified third-party logistics player in India. - When riders request UberMoto, they may be matched with Shadowfax drivers, but the rider experience will remain unchanged. - There is a revenue-sharing arrangement between Uber and Shadowfax for rides booked on UberMoto serviced by Shadowfax drivers.

Adani in talks with Uber to own, operate an EV fleet

Economic Times

Economic Times · 1y ago

Adani in talks with Uber to own, operate an EV fleet

Adani Group is in talks with Uber for a strategic alliance that would see Adani entering the ride-hailing space with electric vehicles. The plan involves Adani Group becoming a fleet operator by purchasing and listing hundreds of electric four-wheelers on Uber's platform. The partnership would focus on Adani-managed airports initially, with potential integration of Uber's app with Adani One, the conglomerate's travel superapp, in the future. Adani Group would not manufacture cars but manage an EV fleet on Uber. Uber CEO Dara Khosrowshahi expressed his commitment to scaling up shared mobility and transitioning to EVs in India.

BII backs Everest Fleet, TI Clean as India EV commitments top $300 mn

VCCircle

VCCircle · 7m ago

BII backs Everest Fleet, TI Clean as India EV commitments top $300 mn

UK development finance body, British International Investment (BII), has invested $33.5m in three Indian electric vehicle (EV) companies - Everest Fleet, TI Clean Mobility and Vecmocon. BII said the investments were part of its commitment to invest $1bn in climate-mitigating initiatives and green technologies in India. The funding will be used to expand the EV fleet managed by Everest Fleet, scale the manufacturing of low-carbon vehicles at TI Clean Mobility, and enhance R&D at Vecmocon to enter the commercial EV market. BII has now committed a total of $328m to India's EV sector.

Over 13 lakh electric 2-wheeler, 3W sold in FY25: Government

YourStory

YourStory · 3m ago

Over 13 lakh electric 2-wheeler, 3W sold in FY25: Government

Over 13 lakh electric two-wheelers and three-wheelers were sold in India in the financial year 2024-25, marking significant growth over the previous year. The Ministry of Heavy Industries reported a 21% increase in two-wheeler sales and a 57% rise in three-wheeler sales. The growth is attributed to supportive government policies, including the PM E-DRIVE Scheme, which promotes green mobility and EV manufacturing. Total EV sales in 2024 reached over 14 lakh, demonstrating increasing public trust and adoption.

Everest Fleet Raises INR 251 Cr From Uber To Expand Operations

Inc42 · 10m ago

Everest Fleet Raises INR 251 Cr From Uber To Expand Operations

Everest Fleet has received approval from its board to issue 13,726 Series C CCPS to Uber India, raising INR 251 Crores. The funding will be used by the transportation startup to grow its business operations and meet its working capital needs. Everest Fleet was established in 2016 and currently operates a fleet of over 18,000 green fuel cars and 180 refrigerated vans for the delivery of perishable goods in cities such as Bengaluru, Delhi, and Mumbai.

Why Ola’s Path To Green Mobility Is Full Of Twists And Turns

Inc42 · 1y ago

Why Ola’s Path To Green Mobility Is Full Of Twists And Turns

Ola Cabs, a major ride-hailing company in India, has been slow to make progress in transitioning to electric mobility and has faced increased competition in the EV segment. While Ola Electric, a subsidiary of Ola Cabs, was established in 2017, the company has yet to achieve any significant milestones in its quest for an electric fleet. In contrast, competitors like Uber India and other emerging players such as BluSmart and Evera Cabs have already deployed thousands of electric vehicles. Ola's past initiatives, such as "Mission: Electric," have not come to fruition, and the company's current CEO, Hemant Bakshi, has offered limited clarity on its green mobility plans. Nevertheless, Ola aims to expand its electric vehicle offerings beyond two-wheelers to include three-wheelers, cars, and e-buses. However, Ola Electric's timeline for new products may not align with Ola Cabs' ambitions. Ola Electric plans to launch electric auto-rickshaws in the coming months, which could be integrated into Ola Cabs' fleet. The company also intends to enter the electric car market eventually but may need to partner with fleet operators and other original equipment manufacturers in the meantime. Ola's focus on scaling up its electric two-wheeler ride-hailing vertical is driven by the belief that state governments are more likely to favor two-wheelers over traditional internal combustion engines. However, Ola faces competition from established players such as Yulu and Rapido, as well as Uber's emphasis on Uber Moto. Ola still has to overcome challenges such as unit economics and profitability while catching up with existing rivals.

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