Bengaluru firm to roll out e-bike project in Noida | Noida News – Times of India

NOIDA: The city’s ambitious electric bike project may soon see the light of the day.
The Noida Authority has shortlisted an agency that will execute the e-bike project in the city. Having struggled for more than a year, the Authority has finally managed to rope in Bengaluru-based micro mobility platform Yulu Bikes Private Limited that will create the ecosystem required to flag off the project.
The Authority has already set up 62 docking stations for e-bikes across the city, in locations where feeder services for last-mile connectivity are still poor, officials said. On Monday, the Authority also finalised the user charges after deliberations with Yulu Bikes.
AS Sharma, senior manager of Noida’s traffic cell, told TOI, “The docking stations have been provided at places close to the metro stations, busy market places, multi-level parking lots and business centres as well as within the centre point of residential blocks. Commuters will be able to pick up an e-bike after walking a short distance and drop it near the metro station or business centres.” Sources revealed that the company, in its payment plan shared with the Authority, has proposed to collect security fees from the e-bike users besides taking ride charges. Officials said that the security fees will be kept under Rs 200 for a bike and will be refundable post-usage.
The company will take Rs 5 as the base fare and minimum amount for renting the battery-powered bike and Rs 2 per minute as riding fee. 50 paise per minute will be deducted from the e-wallet as a pause charge, in case the user stops on the way to the destination for some work. The Authority will take Rs 500 as performance guarantee for each bike. However, it will not get any money from the agency’s earnings. The agency will have to provide five electric bikes at each of the 62 docking stations. The maximum speed limit of the bike will be 25 kmph.
And to make the project financially viable for the agency, the Authority will offer space of 50 square feet at every docking station for advertising — this space can be utilised to generate money, officials said. The agency will be required to operate over 300 e-bikes and maintain the infrastructure.
When contacted, an executive of Yulu said they would get back with their response on the development soon. The company is operating a fleet of e-bikes in Bengaluru, Pune, Mumbai, Bhubaneswar, Ahmedabad and Delhi at present, the executive added.


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