Lime and Scoot veterans have constructed Ridepanda, a one-stop micromobility market
Chinmay Malaviya and Charlie Depman discovered themselves on the heart of the shared micromobility business simply because it took off, working for firms like Fowl, Lime and Scoot. They skilled a rollercoaster experience of enterprise funding and skyrocketing demand, product pitfalls and regulatory hurdles. It was within the midst of this exercise that the pair famous a shift within the business and a possibility.
“From our vantage level there was a large shift occurring in mobility and transportation, by way of private possession,” Malaviya instructed TechCrunch in an interview final month. “Folks have been in search of their very own electrical scooter, electrical bike and electrical moped.”
Malaviya and Depman, who met on LinkedIn, decided there wasn’t an acceptable technique to analysis, vet and purchase e-bikes, e-mopeds or e-scooters past Google and Amazon searches. And Ridepanda, an internet market for gentle electrical automobiles, was born.
It is protected to name the pair “gentle electrical car” evangelists. They see Ridepanda, which raised an undisclosed quantity of seed funding from Common Catalyst and Will Smith’s Dreamers Fund, as one of the simplest ways to ship on the mission of getting extra electrical bikes, scooters and mopeds within the public’s palms.
“We’re all for cities that may be happier and environment friendly, in the event that they run on these automobiles which are small, quiet eco-friendly and in addition much more enjoyable,” mentioned Malaviya, who added that gentle electrical automobiles are significantly well-suited for almost all of journeys individuals take, which information reveals is up 5 miles.
The startup, which the pair launched in early 2020 and just lately got here out of stealth, goals to be one-stop “e-ride” store the place prospects can discover a curated set of expert-vetted e-rides and a customization function that helps buyers house in on the proper product. Ridepanda launched in late September, a brand new website with an improved person interface, a “ridefinder quiz” that helps individuals discover the proper product in addition to different assist providers. These assist providers, that are bundled and branded “pandacare,” connects customers with info on insurance coverage, house meeting, restore and upkeep plans in addition to assist discovering the proper helmet.
The Ridepanda homepage.
Guests to Ridepanda will spot the “ridefinder quiz,” which lets customers choose the electrical bike, moped or scooter icon, their top and weight, high makes use of and eventually, preferences like foldable or cargo and funds. The person is then given just a few outcomes that finest match their picks. Customers can skip this course of and simply conduct searches primarily based on the three product varieties or use circumstances reminiscent of “commute,” “journey,” “supply,” or “accessibility.”
Not simply any electrical bike, scooter or moped qualifies for Ridepanda’s website, mentioned Depman, who’s the corporate’s CTO.
“We have seen like a Cambrian explosion of various car varieties; there are actually lots of of choices on the market,” mentioned Depman. “Should you go on Amazon web site, you are going to see 150-plus in every class, and it is actually laborious to sift by way of them. So what we have been constructing on the again finish is a vetting system.”
For a product to be included on the platform, it should meet sure standards and score. The corporate charges automobiles throughout efficiency, security, sustainability, sturdiness and repairability, Depman mentioned. That score is achieved by evaluating all of the completely different parts of the car, together with the battery, motor and brakes.
Ridepanda is concentrated on the U.S. marketplace for now, significantly cities like Chicago, Los Angeles, New York, Portland, San Francisco and Seattle. The corporate gives prospects financing and it is even wanting right into a subscription service, though it is unclear when or if that can roll out.
“Mainly I believe we’re combating the noise and the choice fatigue,” Malaviya mentioned.