Project report for Electrical vehicle rental
The project report for Electrical two wheeler rental is as follows:Two-wheelers rule India’s roads. Most of us have grown up riding first a bicycle and then a motorised two-wheeler. Yet the bike-sharing business — be it bicycles or scooters — have not seen the kind of success that the cab-hailing ones have. India electric two wheeler market stood at around $ 27 million in 2017 and is forecast to grow at a CAGR of over 41% to reach $ 200 million by 2023, on account of growing need to curb air pollution levels across the country. Government incentive schemes, growing distributor & ...
Product / Services & process
Electric bike rental business
Market potential & Strategy
India electric scooters and motorcycles market is projected to reach $617.7 million by 2025. Increasing pollution awareness among people and increasing government support in the form of subsidies are the key factors driving the growth of the market. Electric scooters and motorcycles use electric battery for propulsion and do not produce any emissions. Moreover, these electric two-wheelers are virtually silent and do not cause noise pollution. Electric two-wheelers can manoeuvre through congested streets; can be charged from traditional wall outlets and can have a removable battery , ...