After making its mark in the self-drive car sharing market across 27 cities in India, Zoomcar on Wednesday announced the launch of PEDL, a technology-enabled cycle sharing service. PEDL, at present, operates with 500 cycles in three cities – Chennai, Bengaluru and Kolkata.
Zoomcar has forayed in this segment with an aim to provide individuals an affordable and environment-friendly cycle sharing service for short trips. PEDL will primarily serve local use cases such as grocery shopping, errand running and last-mile commuting.
PEDL has been designed to complement Zoomcar’s existing car sharing business through serving an additional part of the personal transportation stack.
At scale, PEDL will be present every 50-100 metre in a city. Zoomcar expects to cross 10,000 cycles on road in 2017 with much larger expansion plans to follow in 2018, the company said.
Greg Moran, CEO & co-founder, Zoomcar, said: “With the launch of PEDL service, we are officially extending the Zoomcar platform into the realm of multi-modal urban mobility. In recent times, we’ve observed a huge market gap for trips shorter than 5 km. We’re speaking to various governmental bodies to craft policies and design urban infrastructure that will help ensure propagation of dockless cycle sharing across the country.”
The cycles are built with smart locks which can be unlocked using a QR code. PEDL’s IoT stack is an extension of Zoomcar’s Cadabra IoT platform and includes real-time GPS tracking, solar battery charging and built-in alarms. Customers planning to use the cycle need to pay `10 per half an hour via PayTM and need to drop the cycle at any of the PEDL locations.