Bajaj Auto’s electric bike-sharing platform Yulu begins operations in Mumbai

Bengaluru-based electrical bike-sharing platform Yulu on Monday began its companies 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 Area Growth 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 start out by February 2020, however as a result of Covid-19 pandemic state of affairs it’s being operational on August 31,” MMRDA Commissioner RA Rajeev mentioned.

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

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

“To avail, the power one has to pay ₹5 in the direction of unlocking costs after which ₹1.5 for each one minute of trip. There will probably be amenities of month-to-month recharges and bonus of 20-100 per cent,” MMRDA mentioned.

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

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

Yulu co-founder and COO Hemant Gupta had earlier mentioned the companies will probably be accessible 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 ceaselessly and can take enough care of the allied amenities, MMRDA mentioned.

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

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

This story has been printed from a wire company feed with out modifications to the textual content. Solely the headline has been modified.