Two-wheeler shared mobility startups are gearing up to introduce new variants of electric vehicles(EV) to their fleets to diversify product offerings, explore new use cases, and add revenue streams to beat the adverse impact of the pandemic on their businesses. Vogo, a two-wheeler shared mobility startup, plans to launch low speed EV variants, while Yulu, the biggest in this space, is exploring high-speed variants as part of its product offering.We aim to introduce low-speed variants in the first half of 2021 as there is a market for this segment in short distances. We are finalising features and will have our own take on it to differentiate it from other products in the market such as speed, ergonomics and performance, Anand Ayyadurai, co-founder and chief executive officer of Vogo, said. The new product play is part of the larger EV strategy adopted by mobility companies to pursue green vehicle technologies to bring down capital and operating expenditure, and reduce their respective carbon footprint in a market where shared mobility continues to thrive as a business proposition.Vogo and another two-wheeler shared mobility firm Bounce have each set a target to have around 4,000 high-speed EVs by the end of 2021.
Courtesyg: Google (photo)
