EV Rentals See New Surge As Firms Like Bounce, MyByk Capitalise On Boom In Quick Commerce: Report

With India’s quick commerce industry expanding rapidly, electric vehicle (EV) rental services are witnessing renewed momentum. Startups like Bounce and MyByk are repositioning themselves to serve gig economy workers, who are under increasing pressure to meet fast delivery expectations from platforms such as Zepto, Blinkit, and Swiggy Instamart.

This revival in EV rentals is strategically focused on last-mile delivery, where cost-efficiency, low maintenance, and flexibility are key. Bounce is offering electric scooters under daily and weekly plans, while MyByk—previously focused on pedal bikes—is now adapting its model to include electric two-wheelers for delivery professionals, reported Moneycontrol.

“We built our electric scooter initially for our scooter-sharing business, so we know the needs of this segment well,” said Vivekananda Hallekere of Bounce. “We’re focusing on this space because it’s where we can add the most value and solve a real problem.”

Targeting Efficiency and Affordability for Gig Workers

The rising operating costs of petrol scooters have made EV rentals an increasingly attractive alternative for delivery partners. Hallekere pointed out that gig workers often use old petrol scooters, spending between Rs 3 to Rs 3.50 per kilometre without factoring in EMI payments or other costs. Bounce’s offering, by contrast, allows workers to use electric scooters for less than their typical daily fuel expenses.

“Our math works out to about Rs 200–Rs 250 per day to cover everything, the scooter, maintenance, and energy—if a rider does around 100 kilometres a day,” Hallekere explained. “In contrast, petrol scooter users end up spending Rs 300–Rs 350 daily.”

Though the primary focus is business-to-business use, both Bounce and MyByk remain open to consumers. “This service is specifically targeted for quick commerce delivery agents. Though anyone is free to rent them, but will find pricing to be expensive for personal use cases,” shared Arijit Soni, founder of MyByk, on X.

To further ease gig workers’ burdens, both companies offer bundled services like regular maintenance, battery swapping or charging, and insurance. These offerings aim to minimise operational downtime and reduce day-to-day hassles for workers whose income depends on maximising efficiency.

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Growing Ecosystem, Growing Opportunities

Other players in the space are scaling up too. Multi-brand EV platform BLive, for instance, has expanded its tie-up with Zomato, rolling out TVS iQube scooters in more southern cities, including Bengaluru. Additionally, BLive launched a premium Rent-to-Own fleet called ‘Ezy Rental’, enabling delivery workers to acquire high-end electric scooters by paying rent over multiple years.

Yulu, a known name in bike rentals, is also eyeing this segment. In February, it introduced India’s first road safety education initiative via WhatsApp, specifically for delivery riders.

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