OYE! Rickshaw

Mission: To increase the daily income of 2.5M E-Rickshaw driver-partners

General Information
Company Name
OYE! Rickshaw
Founded Year
2017
Location (Offices)
Delhi, India +1
Founders / Decision Makers
Number of Employees
140
Industries
Transportation
Funding Stage
Series A
Social Media

OYE! Rickshaw - Company Profile

Oye! Rickshaw is a transportation startup with the mission of increasing the daily income of 2.5M E-Rickshaw driver-partners. Founded in 2017 by Mohit Sharma & Akashdeep Singh, the company has garnered substantial attention. Oye! Rickshaw has secured $10Mn in Series A funding and $1Mn in Seed funding from prominent investors including Matrix Partners, Chirate Ventures, Xiaomi, Hero family, and angellist. With an employee base of 400+ and 10,000+ drivers, the startup aims to revolutionize the commute and logistics landscape in India by offering shared, electric, micro-mobility services. Their tech-based EV ecosystem focuses on providing economical battery swaps to minimize charging downtime for driver-partners, in addition to offering first and last-mile rides and hyperlocal delivery services. Currently operational in Delhi, Ghaziabad, Gurgaon, Noida, Karnal, Jaipur, Kanpur, and Lucknow, Oye! Rickshaw has ambitious expansion plans. As the company continues to grow, it actively seeks great talent and enthusiastic supporters to join its mission. The recent Series A investment at 22 June 2022 from Venture Catalysts signifies the confidence in Oye! Rickshaw's potential for further development and impact in the transportation industry.

Taxonomy: Micro-mobility, Shared transportation, Electric vehicle ecosystem, First and last-mile connectivity, Tech-based marketplace, Hyperlocal delivery, Energy services, Battery swapping, Eco-friendly commute, Ride-sharing, Public transportation, EV technology, Driver-partner network, Expansion strategy

Funding Rounds & Investors of OYE! Rickshaw (4)

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Funding Stage Amount No. Investors Investors Date
Series A Unknown 1 22 Jun 2022
Venture Round INR240.00M 1 05 Apr 2021
Series A $10.00M 3 Pawan Munjal 29 Jan 2020
Venture Round Unknown 5 Anand Chandrasekaran, Kunal Bahl +2 15 Nov 2019

Latest News of OYE! Rickshaw

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