Mybocy offers dock-less bicycling at about one rupee per hour ride and Rs 99 for 2 hourly rides per day under a monthly plan.

Bicycle sharing startup Mobycy raises 05 mn seed funding launches operations Delhi-NCR
Atom Bicycle Sharing Tuesday, December 05, 2017 - 14:41

Growing pollution and traffic menace across the country is making people look for alternate modes of transport. With the idea to solve the same, Akash Gupta and Rashi Agarwal have launched Mobycy – India’s first dockless bicycle sharing app.

Mobycy is a Green Tech Company based out of Gurgaon, presenting users with a unique and first-of-its-kind ‘Uber for bicycles’ model in India. Mobycy has also raised Seed Investment of half a million dollars from an Angel Investor based out of USA.

Mobycy has a fleet of 5000 Smart Bikes, which are enabled with IoT locks and GPS tracking, and hence, can be operated without docks or stations for parking. Users can just download the Mobycy app, find the bikes in the vicinity, unlock the bikes with QR Codes and upon completion, park the bikes safely in the vicinity – with the only exception of gated community, private compounds etc. Looking at the big issue of last mile connectivity in India, the startup also aims to help users commute their last mile distance of 3-6 kilometers with their anytime, anywhere available bicycles.

Mobycy is available on Android Playstore for initial preview, just few days before the service launch. The app will also be available Appstore within a couple of days.

“Along with pollution, traffic jams have grown to haunt urban mobility. At Mobycy, we envisioned a simple solution to these growing menaces – by bringing back cycling. The idea behind the startup is to leverage latest technology to make bicycles easily accessible and affordable, while promoting cycling amongst daily commuters for reducing the carbon footprint. We further foresee a huge favourable response from our users who may want to adopt cycling for commuting shorter distances, leading a fitter, healthier lifestyle, and contributing towards fighting the pollution menace,” Akash Gupta, Co-Founder of Mobycy says.

Mobycy plans on increasing its fleet of bicycles to 50,000 in the next 6 months. The bicycles will be available in the Delhi/ NCR regions, including Delhi, Noida, Gurgaon, Chandigarh and Faridabad. The bikes will be available at various public places, like metro stations, markets, popular haunts like North Campus, Cyber City etc. Additionally, students from various colleges and universities, such as Amity Noida, MDI Gurgaon, and Delhi University etc. will be able to hire the Smart Bikes from Mobycy at a subsidized subscription plans.

Mybocy offers dock-less bicycling at about one rupee per hour ride, or less. Under the monthly plan, users will pay Rs 99 for 2 hourly rides per day. Additionally, the users will have to sign up using their Aadhar identification and pay a nominal security deposit worth Rs 999, which is completely refundable. For students, the security deposit is lesser at Rs 499 and signup will be using their college photo identification.

While this is just the beginning, the startup is further aiming for an aggressive growth. Increasing the existing number of cycles to 50,000, Mobycy wants to expand to 12 more cities in next 6 months and 20 key cities by next year.

Interestingly, the launch of Mobycy comes days after Ola introduced its bicycle sharing offering ‘Ola Pedal’, which is has launched in IIT Kanpur as a pilot deploying 600 bicycles across the campus. It will soon be extending this to other large campuses, business parks and public areas.

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