Press Release-Singer Sukhbir Singh is investing in EV company eBikeGo
Startup Buddy who was appointed as advisor to Singer Sukhbir Singh for his investments in Startups has announced that Sukhbir Singh has selected eBikeGo for his second investment in India, after investing in LQI as his first angel investment in India.
Amritsar based Mobility start-up, eBikeGo is in the process of raising funds and it will deploy these funds to expand its operations to other cities in India as well as for increasing their fleet in Delhi.
eBikeGo is India’s first-ever electric two-wheeler rental platform that provides an economical and environmentally friendly traveling option for everyone. Founded in the year 2017 by Dr. Irfan Khan, they first started their operations in Amritsar with Okinawa scooters and then expanded to Delhi, Jaipur and Ludhiana. eBikeGo is a bootstrap start-up and has raised its initial investment from friends and family.
eBikeGo is working with different delivery companies to convert their fleet into electric and has tie-ups with companies like Zomato, Delhivery, Ferns & Petals, Gostops, etc.
“eBikeGo is solving the major problem of pollution that India is facing right now by converting the fleet of fuel two-wheelers which is the major reason for pollution in major cities to electric and it is an economical solution to major delivery companies and executives,” said Sukhbir Singh.
“I feel that a good number of angel investors are required to grow the Indian Startup Ecosystem at the right place and we are working in that direction,” said Amit Singal, co-founder of Startup Buddy.
eBikeGo is India’s first-ever electric bike rental & delivery platform that provides an economical and environmentally friendly traveling option for everyone. Revenue is generated through rental services for tourists and customers, taxi rides through mobile apps and also through tie-ups with logistic delivery providers. It is aiming to target 3% of Indian electric two-wheeler market share and project to bring on the road a fleet of 200,000 bikes in about 100 cities across the country. So far, the company has successfully run its operations at Delhi, Amritsar, Jaipur, Jalandhar, and Agra. Recently, the company has launched its own fleet of low-speed electric scooters. These e-scooters can reach a top speed of 25 km/h and can charge in just 3 hours thereby offering a range of 140 km while carrying a load of up to 220 kg. Launched in 2017, eBikeGo, the brainchild of Dr. Irfan Khan also bagged the best Franchisable concept of the Year 2018 in Franchisee India Awards 2018.
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