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The startup is driven with the cause of transforming India into a greener, fitter cycling nation. The collection of Mobycy’s Smart Bikes is integrated with IoT locks and GPS tracking, enabling remote management and traceability of the same. In addition to reducing the pollution menace and heavy traffic congestions on the street, the startup also aims to resolve the challenges faced by commuters for the last mile commute of 3 to 6 KMs. Instead of limiting the moment to the availability of a parking station, these dockless bikes can be rented and parked anywhere, with the only exception of gated communities, private compounds etc.
Launching its operations with currently 5,000 Smart Bikes, Mobycy plans to increase the number to 50,000 in the next 6 months. These Smart Bikes are available across Delhi/NCR regions, including Noida, Gurgaon, Chandigarh and Faridabad. App users can discover these bikes around public places like metro stations, markets, and popular haunts like North Campus, Cyber City etc. Furthermore, to help students with better mobility, Mobycy will be making its smart bikes available across several colleges and universities, such as Amity Noida and MDI Gurgaon.
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Users can sign up on the Mobycy app with Aadhaar identification and pay a nominal, fully-refundable security deposit of INR 999. For students the security deposit is subsidized at INR 499. Beginning with its operations in Delhi/ NCR regions, Mobycy intends to soon scale up to 12 more cities in next 6 months and 20 key cities within a year.
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