Oye! Rickshaw targets 15-20 Mn deliveries by 2022
set to disrupt India’s last-mile delivery ecosystem for e-commerce players
The EV mobility player has partnered with - Bigbasket Daily, Udaan, Flipkart, Dealshare, Jiomart & Blinkit (erstwhile grofers) to change the way last-mile deliveries are done in the country
New Delhi, March 23 , 2022: Oye Rickshaw!, the largest and fastest-growing EV mobility player in India, continues its initiative to strengthen the logistics industry. The brand completed over 3.5 million deliveries with prominent e-commerce players in 2021. Fulfilling about 40-45% of daily deliveries across its client set, Oye! Rickshaw has partnered with the likes of Bigbasket Daily, Udaan, Flipkart, Dealshare, Jiomart & Blinkit (erstwhile grofers), to name a few, for its delivery business. The partnership with these brands will be furthermore be nurtured to increase the services to support the govt’s EV focus and add value to the economy overall.
The revenue generated from these partners amounts for 30-40% of Oye!’s total delivery business. Further to the recent expansion plans announced by Oye! Rickshaw in 25+ cities by 2022, the brand aims to achieve 15-20 mn deliveries.
Commenting on the milestone, Co-founder and CEO, Mr. Mohit Sharma said, “The very commencement of the company was to bring about the change that we all aim to see within our environment in the coming years. We see this as a great turning point for the logistics and e-commerce industry as last mile delivery has been a pain point in terms of cost that affects overall pricing of the products. Hence, we are proud of the fact that our efforts with the fleet delivery model are absolutely enrouted in the direction that we wish to take them. As we continue to work towards strengthening this vertical of our business and provide our customers and partners with convenience for greater good, we are also mindful of the impact that it will create on the environment owing to our operations, we are taking the important steps to make our journey more sustainable.”
What started as a way to sustain the livelihood of the driver partners, during the first lockdown, has grown to become an independent business. Managing B2B and B2C deliveries for large e-commerce and e-grocery platforms has made Oye! Rickshaw, an end-to-end solution for businesses and the end users. The average per kilometer operating cost of e-rickshaws is considerably lower than that of two-wheelers with weight and volume carrying capacity being five times that of bikes.
About Oye! Rickshaw:
Oye! Rickshaw, founded in January 2017 by IIT-Delhi alumnus Mohit Sharma and NIT-Allahabad alumnus Akashdeep Singh, brings together public transport commuters and drivers of e-rickshaws on one platform with an aim to provide transparent and quick fulfillment of first-last mile transport needs. The startup is one of the fastest-growing micro-mobility companies in the country. More than 2 million rides are transacted on Oye! Rickshaw yearly. Oye! Rickshaw is Series A funded, with investments from Matrix Partners, Chiratae Ventures, Pawan Munjal, and Xiaomi. It is operating in 6 cities and also enables drivers to do deliveries on their e-rickshaws and to avail battery swapping services.