Micromobility vets launch Ridepanda e-ride market
- Two micromobility veterans have formally launched Ridepanda, a first-of-its-kind on-line market for e-bikes, e-scooters and mopeds.
- Ridepanda presents a curated choice of e-rides obtainable for buy, with every automobile vetted within the areas of sturdiness, efficiency, reparability, security and sustainability. Prospects can filter via choices to decide on the precise automobile for his or her wants, and choose add-ons together with financing, insurance coverage and equipment.
- Ridepanda CEO Chinmay Malaviya, a former Lime worker, and CTO Charlie Depman, previously of Scoot and Chicken, based the positioning in help of industrywide efforts to scale back private automobile possession and carbon emissions in cities. The founders stated e-ride possession can “exist very synergistically” with e-ride sharing to speed up a broader shift towards transportation electrification.
As former staff of shared-scooter companies, Malaviya and Depman admire the worth of giving shoppers handy entry to gentle electrical automobiles. But, the elevated recognition of these companies has result in an elevated demand for private possession, particularly amid the present COVID-19 well being disaster. E-bike gross sales alone noticed a 190% jump in June 2020 in comparison with the identical month final 12 months, in keeping with NPD.
Depman attributed this elevated demand for e-ride possession to price, entry and well being security. He additionally stated shared micromobility companies are restricted of their automobile choices, and the “single kind issue these corporations have will not be the precise one for you.” By choosing e-ride possession, shoppers can choose automobiles which might be extra suited to their wants, resulting in extra use within the long-term.
Ridepanda was developed to help shoppers in navigating these e-ride choices. Malaviya referred to as the present on-line buying setting “the wild, wild west,” saying it is troublesome for shoppers immediately to discover a credible web site with a good choice of reasonably priced and protected e-rides.
Malaviya stated Ridepanda was designed to observe a automobile dealership mannequin to assist clients “simply uncover, purchase and personal” these automobiles. Whereas remaining model agnostic, Ridepanda evaluates all automobiles that seem on the positioning to vet them throughout key standards, and to gather automobile knowledge that may inform the websites advice engine, Ridefinder.
Some main micromobility operators like Chicken are exploring automobile choices obtainable for buy. Simply this week, Chicken unveiled Bird Air, a foldable, high-tech scooter obtainable for $600. Malaviya stated this automobile would match as an possibility on Ridepanda, noting that he would like to accomplice with the likes of Chicken and different operators that transfer into retail.
And simply because the sudden creation of shared-scooter companies in 2018 resulted in unexpected challenges for riders and cities, Ridepanda acknowledges a sudden spike in e-ride possession comes with its personal set of challenges. Bike theft is one explicit subject riders face in city facilities, with electrical automobiles a key goal for thieves as a result of their excessive worth. To mitigate this, Ridepanda presents specialised insurance coverage that buyers can add to their product buy.
Ridepanda can also be working with the likes of PeopleForBikes and the League of American Bicyclists to advocate for higher coverage and regulation round road use and security. “We consider metropolis streets belong to pedestrians,” Depman stated.