Mobility startups such as Bounce, Vogo and Rapido are increasing the share of electric vehicles (EVs) in their fleet to benefit from lower operating and maintenance costs of these vehicles compared with two-wheelers running on petrol.
Bengaluru-based scooter rental startup Vogo aims to turn 70% of its fleet into EVs over the next five years, while Bounce has raised capital to invest in transitioning a significant portion of its fleet to EVs. Rapido, another two-wheeler taxi startup, has not set any target but it also aims to reduce its carbon footprint.
“For us, EVs make sense purely because of the math,” said Anand Ayyadurai, founder and chief executive officer (CEO), Vogo.
