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Uber India EV Strategy | Uber’s Plans for E-Mobility – EV Next


by Narasimhan Santhanam

Uber’s Plans for E-Mobility – EV Next

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This posevnext-logo-v-smallt is a part of EV Next’s EV Perspectives.

EV Nexta division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.


 

Introduction

According to a Reuters report, the Indian government plans to order to convert 40% of their fleets to electric by April 2026 . As part of the push the companies would need to show signs of progress toward the goal by the end of next year. It stated that the ride-hailing giants must convert 2.5% of their fleet of cars by 2021, 5% by 2022 and 10% by 2023. This decision has started exerting pressure on companies such as Uber for electrification in India.

Company Profile

Uber, is an American multinational ride-hailing company offering services that include peer-to-peer ridesharing, ride service hailing, food delivery (Uber Eats), and a micro mobility system with electric bikes and scooters. The company is based in San Francisco and has operations in over 785 metropolitan areas worldwide.

Product Profile

The company offers cab and rickshaw services for businesses and individuals.

Future Plans

  • India Plans to order major cab service operators in India to make at least 40% of their fleets electric by April 2026.
  • State-run Energy Efficiency Services Ltd (EESL) is set to float a tender for procurement of electric luxury cars, possibly in the range of Rs 25 lakh each, which it plans to lease out to cab aggregators like Uber from November 2019.

Partnerships

  • In July 2019, Uber partnered with battery swapping service provider Sun Mobility for its fleet of electric auto rickshaws in Delhi. Sun Mobility will provide swappable battery and the infrastructure required for the vehicles.
  • In May 2019, Uber has tied up with electric cycle sharing app Yulu to offer bicycle rentals to its customers
  • Mahindra electric and Uber will be deploying 50 EVs, which include both e2O hatchback and e-Verito sedan models, in a tie-up with taxi partners such as eee-Taxi to begin with in Hyderabad from April 2019. They also collaborated with a third party that has set up 30+ fast charging stations across the city.
   

Uber partnered with Mahindra to acquire 50 EVs of the OEMs eVerito and E2O models

Global Work

  • Uber acquired New York City-based e-bike startup Jump for an estimated $100 million after a two months pilot in April 2018.
  • It invested in Bay Area-based electric scooter rental company Lime in July 2018.
  • In April 2017, the company launched its first electric vehicle program in the U.S.
  • The company has also run EV pilots in Lisbon, London, Madrid, Johannesburg and Paris.

Read EV Next posts on the India electric vehicle strategy for these companies: ABB | ACME | Altigreen Propulsion | Amara Raja | Ashok Leyland | Ather Energy | Audi | Bajaj | BASF | Bharat Forge | Black & Veatch | BMW | Bosch | Continental AG | Denso | Exide | Exicom | Ford | Fortum | General Motors | Great Wall Motors| Greaves | Hella | Hero Electric | Honda | Hyundai | JBM | Kia | Kinetic Green | LG | Mahindra Electric | MG Motors | Nissan | Ola | Olectra | Panasonic | Piaggio | Porsche | Renault | Samsung SDI | Schneider Electric | Sun Mobility | Tata Autocomp | Tata Motors | Tata Power | Toyota | TVS Motors | UL | Volvo |


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Know more on how EV Next can assist your business in your strategy for the e-mobility and electric vehicles sectors, Here

Wish to know everything about India’s EV market from one place? Check out the India EV Expert Guide, an 800 page comprehensive guide to the Indian EV marketHere



Categories: E-mobility, Electric Vehicles, EV as a Service Strategy, Indian E-mobility Strategy

Author - Narasimhan Santhanam


Thank you for reading this post – hope it was helpful. You can connect with me at narsi@eai.in. My detailed profile here and my LinkedIn profile here

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