Oye Rickshaw to deploy over 1L e-rickshaws this year

Mumbai: Matrix Partner-backed EV mobility firm Oye Rickshaw on Tuesday said it is planning to deploy over 1,00,000 e-rickshaws and expand operations to 25 new cities by this year.

With over 10,000+ e-rickshaws, the micro-mobility company offers its services in Delhi NCR, Uttar Pradesh and Haryana. With 2022 set to be the year of building and strengthening the Indian EV ecosystem, Oye Rickshaw is building a future-ready electric mobility ecosystem best suited to the needs of cities and towns across India through its three services: rides, deliveries and energy infrastructure, the company said in a release.

Oye Rickshaw is set to launch its operations in 25 new cities along with deploying 100,000 commercial EVs by 2022 to achieve the annual revenue run rate target of Rs 4,500 million, it added. The company said it has completed over 3.5 million deliveries to the direct customers of some of the major e-commerce players in the country in 2021. Oye Rickshaw's third business offering - battery swapping - plans to scale to over 600 stations and cover over 10,000 vehicles by the end of 2022, the firm noted. It has completed six- million rides and 3.5-million deliveries in 2021 alone and plans to complete 60 million rides and deliveries this year, the company in a statement said.