- 17 hrs ago 2019 Datsun Redi-GO Launched: Updated With New Features & Safety Equipment
- 18 hrs ago Petrol And Diesel Vehicle Ban Plan In India: Government's Decision Revealed
- 18 hrs ago Zomato & Swiggy Team-Up With Pune Traffic Police In Giving Discounts To Law-Abiding Motorists
- 20 hrs ago New Suzuki Gixxer SF MotoGP Edition Launched In India — Priced At Rs 1.10 Lakh
- Technology Android-Based Nokia Feature Phone Image Leaks Online – What To Expect
- Education CBSE Compartment Result 2019: Links To Check Class 12 Board Exam Results
- Finance SEBI Tightens Disclosure Norms Of Banks Listed On The Stock Exchange
- Movies Arbaaz Khan Said THIS About Malaika Arora After She Makes Relationship With Arjun Kapoor Official
- News 'Sasural Simar Ka' child actor Shivlekh Singh passes away
- Sports Cricket fails to get recognition as sport in Russia
- Lifestyle Kalki Koechlin Makes A Watermelon Splash With Her Green Sari
- Travel 5 Ideal Weekend Getaways in Chandigarh
Leading global taxi or cab service, Uber, is focussing more on electric bikes and scooters rather than cars. The California-based mobility company has partnered with Lime Electric – a major provider of electrical solutions and automation in the US.
Uber claims that in the not-too-distant future, a big proportion of the urban population will shift to basic and emission-free modes of transport for the daily commute. Even today, there is an increased demand for electric scooters, mopeds and motorcycles in major cities across the world.
It is to be noted that by electric bikes, the company means the vehicles which we commonly refer to as a 'scooty'. Also, these two-wheelers will be ridden by a single person just as in rental services.
The Financial Times shares that the new move from Uber has been initiated even while knowing that it will affect their current profits. However, the company firmly believes that this will open more business opportunities in the coming years.
Head of Uber, Dara Khosrowshahi shared that individual modes of transport are better suited for inner-city travels and also for shorter yet frequent journeys.
"During rush hour, it is very inefficient for a one-tonne hulk of metal to take one person 10 blocks. Short-term financially, maybe it's not a win for us, but strategically long term, we think that is exactly where we want to head", he said.
Khosrowshahi has also confirmed that the company will make lesser money through two-wheelers in comparison to a same-scale car ride. In fact, the company has lost 4.5 billion dollars (around Rs 317 crore) last year. Though revenue has increased a lot currently, the cost of expansion into new fields such as food service and bike sharing is quite high.
Thoughts On Uber Concentrating More On Two-Wheelers
The new business approach by Uber is currently limited to a few major cities in the US and Europe, where theurban commute is a big challenge to working individuals. Meanwhile, there is no news whether the system will ever come to India and we do not expect it to either. However, it is good to see that Uber is shifting towards an eco-friendly path to curb the rising traffic problems.