Bike on rent : Rapido launches two-wheeler for rental services in major cities

The rental service is also expected to benefit customers who travel to remote areas within the city, where bike taxis and other modes of transport are not readily available during their return journey.

Bike on rent : Rapido launches two-wheeler for rental services  in major cities
Rapido launches two-wheeler for rental services in major cities

Rapido has launched one-hour rental service in Bengaluru, Delhi-NCR, Hyderabad, Chennai, Kolkata and Jaipur, as the two-wheeler taxi platform Kovid-19 looks to cater to the changing needs of customers after the pandemic.The company will provide fixed rate services ranging from Rs 99 per hour to six hours. This allows customers to run multiple tasks in a single trip, which helps to get in touch with multiple drivers and avoid multiple bookings.

“We are the only players from this location to launch the first of its kind service. As customer needs grow, many booking people may actually shift to this model, ”said Arvind Sanka, cofounder of Rapido, who found that customers were using bike taxis because they were using public transport or Were wary of using other modes of transport such as autos and cabs.

The rental service is also expected to benefit customers who travel to remote areas within the city, where bike taxis and other modes of transport are not readily available during their return journey."Being a vertical-focused player in the riding riding space, we need to innovate and come up with new products to meet different customer needs," said Sanka.

Rapido said it is currently operating at 75% of the former Kovid-19 level in terms of riding, with bike taxis seen among the best recoveries compared to the various ride riding formats.Sanka said the first three months of the epidemic saw the business at a standstill, forcing the company to enter the B2B logistics space through partnerships with food delivery app Swiggy and other e-commerce players. It also introduced courier services to make up for the decline in business.

Currently, Logistics drives 20% of Rapido's revenue, and is expected to remain at the same level even after full recovery of its service, which is expected in the next 2-3 months. The logistics service has helped improve unit economics while reducing the idle time of riders on its platform.