Rapido launches the Rapido Auto app to book automatic rickshaws online in 14 cities

The rapid call app Rapido launched an automatic rickshaw reservation service in 14 cities on Thursday.

The company plans to expand the “Rapido Auto” service to 50 cities by the end of the year and to take on around 5 lakhs of partner drivers over the next six months.

Rapido co-founder Aravind Sanka said automatic rickshaws have become a preferred way of getting around after the Covid-19 pandemic after bicycle taxis.

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“Although the automotive services industry is very penetrated, it only has 5% of its existing market online. Through Rapido Auto, we aim to offer commuters another safe and affordable option for their daily trips, in addition to our bike-taxi service, that is, standardized in prices and operation, “said Sanka in a statement.

The service will be available at metered cost with a nominal additional convenience charge.

“The company plans to expand automotive services to 50 cities in India by the end of 2020. This is the first phase of the launch and Rapido has already onboarded 20,000 automotive captains (driver-partners) up to present. She plans to ship more. more than half a million in the next six months, “the statement said.

The company provides “Rapido Captain App” and a helpline number through which automobile drivers can embark themselves.

Sanka said the funding raised by the company last year was enough to build business even in these unprecedented times.

Rapido raised total funding of $ 80 million (approximately ??550 crore) from various investors including Westbridge AIF, Nexus Ventures, Saber Investment, Skycatcher LLC, Bace Fund, Integrated Growth Capital, among others.

“We are using our experience in technology and geographic presence to extend our offerings to existing users, from bicycle taxis to logistics and now to automobiles. Rapido Auto aligns with our vision of providing an accessible mode of transportation , affordable, safer and more convenient, ”Sanka mentioned.

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