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New wheels

Will PEDL play Zoomcar’s balance wheel?

The self-drive company decided to rent cycles. In a world where copying China is the way to go, this variation may just be a step too far

20/10/17

Patanjali Pahwa

There are two huge cycle sharing companies in China—Ofo and Mobike—both valued at over $1 billion

There are a few important points of difference that stand out between the US, China and India—infrastructure, accidents, demand, and pollution

From 2012 to 2016, the production of cycles grew from 12.2 million to just 15 million

Chinese unicorn, Ofo, is set to enter India in 2018, and for the first time, Zoomcar will battle a unicorn with seemingly unlimited money

Zoomcar-bikes-1920x1080.jpg

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Last week, a story flashed on ETtech: Zoomcar to launch bicycle-sharing business in Bengaluru, Chennai and Kolkata. It was greeted with a collective shrug and went almost unnoticed. It had all the tropes of a good PR spin. The co-founder and CEO of Zoomcar, Greg Moran, was quoted in the article as saying that the…

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