After dockless concept in bicycle segment, motorbike rental aggregator Wheelstreet India has launched a dockless bike commute platform for their users.
Dockless commute provides Point A to Point B transportation without any human intervention. The user will now be able to pick-up a bike within 100mts, without any external/ third party involvement.
This model is currently existing in countries such as US and China, Wheelstreet has taken the first mover advantage and introduced dockless commute for the ease of consumers.
“The dockless commute will solve a real problem in the Indian market. Technology enabled GPS, smart locks and immobilisers will ensure security of the bikes. We are excited with this newest feature of Wheelstreet and our consumers have reflected the same enthusiasm. We are also looking at adding 25,000 scooters to our existing fleet in the upcoming quarter,” said Pranay Shrivastava, Co-Founder & CEO at Wheelstreet.
Wheelstreet Go will make intra-city commute hassle-free and allow the user to book a scooter by merely scanning the QR Code on the scooter available at the user’s doorsteps. Decreasing every commuter’s travel time by half, it aims to make intra-city commute the easiest way to travel around the city.
So far, the Go service has been operational in parts of Bangalore using 50 scooters with pricing rates at less than $1 for two hours of usage, but there is no time limit.
The startup aims to reach 25,000 Go scooters by the end of 2018. Putting the plans in place, WheelStreet has begun initial conversations with investors with a view to raising around $2 million to scale Go.
The Bengaluru-based startup was incorporated in 2014 by Moksha Srivastava and Pranay Shrivastava, Wheelstreet, operated by Bashar Technologies, is a marketplace for vendors and customers. It enables users to rent a two-wheeler of his or her choice, for a pre-determined date and time.
In September, Wheelstreet, which was a part of the Y Combinator Summer 2017 cohort, raised $120K from the US-based seed accelerator. In March last year, it had raised around Rs 3.4 crore from Broadbean Capital services Pvt Ltd, an early-stage seed, and pre-series A venture fund.