This bike rental platform makes commuters’ life easy
Life for an urban Indian runs on the concept of instant. From instant coffee, instant food, on-call rental furniture to medicines delivery on a click, it’s an easy life.
But wait a minute! Commuting from home to work and back home is still a laborious process for most. Cashing in on this daily bane is rentomojo.com that has launched bikes on rent (instant) service.
“Our idea was to solve the daily short-distance transport for the young Indian professional,” says Geetansh Bamania, founder and CEO, Rentomojo. “Typically any office-goer ends up spending at least `300 per day which adds up to `9,000 per month. Instead, renting a bike saves all the effort and is more affordable,” he adds.
Rentomojo works on a simple model, you can book the bike on the app or website. Log on and choose a bike from a range of two wheelers. Select a subscription plan — minimum one month to a maximum of 12 months, pay the rental amount (That starts at `2,100 per month for a few bikes) and the bike gets delivered next day. “But we will need a few KYC (Know Your Customer) documents before we deliver the bike. Photocopies of DL, current address proof and a refundable deposit of `5,000 needs to be paid,” says Geetansh.
Since the bike rentals were launched in November last year, Rentomojo has seen the number of bookings going up to 33 per cent of their total business revenue. They have a large inventory of bikes and are currently providing this service in eight cities — Bengaluru, Mumbai, Pune, NCR (Delhi and Gurgaon), Chennai and Hyderabad.