Hero Electric and Bykemania partnership will offer ownership of electric vehicles at lower costs and an option of leasing them further…
Hero Electric has begun its partnership with Bangalore-based EV mobility start-up Bykemania. The latter has devised a wealth creation model which goes by the name VOLARIS.
This model allows investors with a minimum budget to own EVs and even lease them. Of course, the owners gain a cut of the revenue that Bykemania generates.
Hero Electric will deliver Bykemania with 5000 units of its Nyx-HX one of its machines from the city speed category for the VOLARIS scheme.
In the event of Hero’s electric scooter handover to Bykemania, a freedom ride was also organized. The highlight was to become free from pollution and encourage masses to switch to EVs.
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With the leasing solution, the EVs being leased can be serviced easily through a system that Hero claims to provide 90% uptime. This means more throughput from the EVs and more revenue for all.
Bykemania has a strong customer base spanning a huge figure surpassing 5,00,000. For its VOLARIS scheme, the brand has received 100,000 subscriptions as of now.
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Bykemania operates in prominent Indian cities such as Bangalore, Delhi, Bhubaneswar, and Kolkata. Commenting on this partnership, Subham Krishna, the founder of Bykemania said that they have experienced triple-digit demand growth in the EV segment.
The new partnership with Hero Electric will help them cater to the massive demand for EVs from various consumers and business fronts.
