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Amdavadi firm aims to make city country’s bicycle capital

Amdavadi firm aims to make city country’s bicycle capital

In a move to encourage people to turn to cycling, Ahmedabad-based startup MyByk aims to make Ahmedabad the bicycle capital of the country by taking…

Monday, Jun 14

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In a move to encourage people to turn to cycling, Ahmedabad-based startup MyByk aims to make Ahmedabad the bicycle capital of the country by taking to aggressive expansion of its fleet. The startup has announced its plans to deploy some 12,000 bicycles over the next 12 months in the city, which would be made available to citizens on hourly, weekly and monthly rentals.
Arjit Soni, founder and CEO, MyByk, said, "In the next 12 months i.e. by June 2022, we aim to deploy some 12,000 bicycles in Ahmedabad and expand the number of cycle stations to 800. Given the Indian weather and traffic, cycling longer distances for commute may be a challenge but our idea is to encourage short-distance commute. For instance, one can ditch one’s vehicle and cycle to the nearest BRTS station and then travel to their preferred destination and cycle further on."
The startup which was founded in 2013, basically runs a mobile-app and web-based platform which facilitates people to rent bicycles based on their requirements. As on date, the startup has rented out at least 2,000 bicycles in Ahmedabad alone and has set up 150 stations. It has presence in Vadodara, Mumbai, Kochi and Udaipur and is also running a pilot project in Rajkot. Besides, it has deployed stations in campuses such as the Reliance Refinery in Jamnagar, SRS Chemicals in Surat, Meghmani Campus in Dahej among others.
"We recently raised funds to the tune of approximately Rs 7.5 crore in a pre-Series A round […]

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