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Uber India plans strategic partnerships to expand EVs fleet by 2020

Author : Saipriya Iyer | Published Date : 2020-02-24 

Uber India, a subsidiary of Uber Technologies, has recently announced its plan to expand its EV (electric vehicles) fleet in India by the end of 2020. With its existing fleet of 350 EVs, the company is planning to reach 1,500 by leveraging strategic partnerships as well as extending the existing tie-ups across the ecosystem.

Uber India, in alliance with SUN Mobility, has already piloted electric autos in Chandigarh, where the EV platform offers interchange stations and swappable smart batteries in its energy infrastructure to choose OEMs (original equipment manufacturers) for electric auto production. The company also has a tie up with Yulu, a dockless e-cycle sharing company to offer rental bicycles to customers in Bengaluru as well as with Mahindra Group to launch e20Plus (an electric hatchback car) & e-Verito (an electric sedan) on Uber platforms in Hyderabad and New Delhi.

Pradeep Parameswaran, Uber India & South Asia CEO, reportedly stated that India is the favorable market for growth for the ride-hailing company in the next 10 years. Uber India is leveraging this by forming partnerships with various startups and the automobile industry in the electric mobility space to increase sales and market share.

Mr. Parameswaran also added that EVs will remain as a prominent portfolio for Uber over the next 2 years. The company has plans to partner with technology service providers, financiers, and especially with the OEMs industry because of its robust demand to enhance safety, technology, as well as increase rider base. He highlighted that the Indian mobility ecosystem is significantly vibrant, following closely behind China. He also added that by 2020, the moto and auto rides mix in big cities is expected to touch 50%.

Uber India’s electric mobility agenda has been driven by increased government push and better business economics. Various mobility players including Vogo, Bounce, Quick Ride, and Rapido are scaling the business outlook since the last 2 years. Additionally, the company is observing increased adoption of 2-wheelers and 3-wheelers in the core transport business, indicating customers’ preference for affordable rides.

Source credit:

https://inc42.com/buzz/uber-india-plans-to-expand-ev-fleet-within-two-years/

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer presently works as a content developer for fractovia.org. Having dabbled with the domain of content creation for nearly half a decade, she now boasts of an enviable portfolio, holding substantial experience in penning down pieces related to technology, finance, and a wide spectrum of other industry verticals. A qualified computer engineering graduate from the University of Pune, Saipriya can often be found leveraging her knowledge of software technology and electronics in her write-ups. She can be contacted at- [email protected] | https://twitter.com/saipriya_i

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