The Urgent Need for Flexible E-Bikes Financing for India Inc.

The threat of climate change is real, and India Inc. has a crucial role in steering the country towards environmental sustainability. It’s high time that we steer our focus towards blue-collar workers, who are playing a huge role in delivery-based gig models. 

The pandemic brought in a radical shift in consumer habits and business models. For instance, it accelerated the adoption of home delivery services. India’s online food delivery market alone will grow at a CAGR of 30% to reach $21 billion between 2020 and 2026.

Up to 50% operational cost savings per e-bike.

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There is a strong case for e-bikes or EVs in India now, for companies to build towards environmental sustainability and employee welfare. In fact, companies across sectors stand to gain operational efficiency, and reduced costs by building a ‘green’ transportation fleet.

How do E-Bikes Benefit Companies and Workers?

While obtaining finance for e-bikes remains a difficult aspect for small and medium businesses, rentals can be a viable option for fast deployment. Before we discuss that, let’s explore the reasons for building an electric fleet.

Promoting Environmental Sustainability

India is the 3rd largest carbon emitter worldwide. The Government is dedicated to its Paris climate agreement pledge to reduce carbon footprint by 33% to 35% from 2005 levels by 2030.

Climate change is now unsurprisingly a prominent topic in the boardrooms of Indian companies. Organisations are shouldering the responsibilities to meet the sustainable development goals (SDGs), with 48% of CEOs implementing sustainability into their actions.

Thus, electric vehicle finance is an important topic for companies to support such endeavours, remain relevant, competitive, resilient, as well as for building an eco-friendly brand. Young consumers prefer such brands over others.

Reducing Costs

The purchasing cost of e-Bikes is more than fuel-powered vehicles. But, the operating costs are significantly lower than their counterparts. With the rising cost of fuels, EVs are cost-effective options.

Maintenance of these bikes is easier, as they lack all complexities associated with combustible engines. Standard eBikes with 400-500W batteries can travel up to 100-120 km on a full charge.

Comfortable for Workers and Cost-Effective

Delivery personnel or workers, who have to travel a lot in their line of duty, can easily use e-bikes on finance. With rising fuel costs, this will save costs for companies.

Workers can use the bikes to commute to work, which saves them from the hassles of public transport. They can reach work on time, and also avoid crowded buses and autos, where the risk of Covid-19 transmission is high. This ultimately improves productivity for companies.

Rising Demand for Fast Deliveries

With brands promising 10-minute food deliveries, this is the new era of the last-mile industry. To compete here, companies will need to make costly investments.

E-Bikes are an innovative way to make the ecosystem flexible, faster, efficient, and reliable, all in a cost-effective manner. With end-to-end EV fleet management services, it’s possible for companies to track rider data, and productivity at scale.

For companies that aim to hire new workers to meet increased demand, bikes will be immediately available upon employment. Thus, companies save on capital expenditures, reduce pollution, and enhance customer and employee experience at the same time.

An Economical Way of Building Green Fleet

The threat of climate change is real, and India Inc. has a crucial role in steering the country towards environmental sustainability. It’s high time that we steer our focus towards blue-collar workers, who are playing a huge role in delivery-based gig models.

To build a green fleet, companies need zero-cost finance options that don’t include advance rentals or deposits.

Betterplace offers an all-inclusive e-bike rental facility, with the technology to digitise last-mile operations, and easy infrastructure access. Contact us to book a demo.

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One of the prime contributors for this blog, Expertise in Staffing and Recruitment, Content Strategist by Profession. A Music Lover & Traveller by Choice.

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