Akash Deep and Mohit Sharma: Pioneering Last-Mile Solutions with Oye Rickshaw
In the bustling city of Gurgaon, Haryana, two visionary entrepreneurs, Akash Deep and Mohit Sharma, set out on a remarkable journey to revolutionize public transportation and tackle the challenge of last-mile connectivity. They founded Oye Rickshaw in 2017, an electric vehicle energy solutions startup that uses a booking app to connect customers with public transportation. Their entrepreneurial journey is a testament to their commitment to sustainable mobility, innovation, and social entrepreneuring.
The idea behind Oye Rickshaw was born from the founders’ recognition of the critical role played by last-mile transportation in the daily lives of people. They understood that the lack of convenient, eco-friendly, and affordable options for short-distance commuting was a common issue in many urban areas. Oye Rickshaw aimed to address this gap by introducing electric rickshaws and a user-friendly booking app that connects passengers with these vehicles.
Akash and Mohit’s journey was marked by their deep commitment to sustainable transportation and their background in the e-mobility sector. With a vision to create a cleaner, more efficient, and accessible last-mile transportation system, they were well-equipped to lead the transformation of urban commuting. One of the most remarkable aspects of Oye Rickshaw’s journey is its commitment to social entrepreneuring.
The founders recognized the potential for their platform to not only provide eco-friendly and affordable transportation options but also create livelihood opportunities for rickshaw pullers. Oye Rickshaw’s approach is not only about reducing the carbon footprint but also about improving the lives of those who serve as the backbone of the transportation system. This commitment to social impact resonated with investors, and Oye Rickshaw secured substantial funding of $13,275,120 in three funding rounds, with support from investors like Xiaomi, Alteria Capital, Matrix Partners India, Kunal Bahl, and Rohit Bansal. This investment underscored the platform’s potential to revolutionize last-mile transportation in urban areas.
In conclusion, Akash Deep and Mohit Sharma’s journey with Oye Rickshaw is a testament to their vision and dedication to transforming last-mile transportation and promoting eco-friendly commuting. Oye Rickshaw’s innovative approach empowers commuters with sustainable transportation choices while creating new livelihood opportunities for rickshaw pullers. Oye Rickshaw continues to be a trailblazer in the field of urban mobility, reducing environmental impact and contributing to social betterment.
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