Daily commute is a big challenge in most of the urban cities where public transport systems are jammed with roads blocked most of the times. Amidst all of this, it is nearly impossible for urban dwellers to be able to travel for short distances as rickshaws and cabs do not go for shorter distances, and even if they do go, they charge higher fares. People might end up paying higher fares to them because of this issue. Conclusion of this situation is that urban people end up paying higher rates than they should, which itself is an issue.
Bike sharing app like Mobycy is a smart solution to this problem. Dockless bike sharing frees up users from a big hassle of first locating a stand to find an idle bike, then finding a parking station after having reached the destination. If someone has to walk from the parking station to final destination, it defeats the entire purpose of having a last mile solution. Mobycy has developed an indigenous solution for short distance travels in cities.
It is difficult to assume the exact size of this market. Yet, one can easily assume the numbers based on facts published by the government and leading consultants:
“Why walk in sweat when you can ride in style!”
Mobycy is India’s first dockless bike sharing app. Why walk in sweat when you can ride in style! Mobycy allows users to simply download the app, locate a Mobycy bicycle near them, unlock it and go for their rides. The best part is – users can park it anywhere they seem fit, as far as it is parked properly in a public space. In addition to being dockless, Mobycy bikes are very affordable since they can be accessed for as low as Rs. 5 for 30 minutes, along with a small refundable deposit.
Mobycy is still in the initial stages of its business model, though it is completely scalable which is depicted below.
Per Ride Revenues: The minimal fees charged for renting a bike.
Monthly/Weekly/Annual Subscription: This revenue will come from daily commuters who want a subscription based plan.
Brand Partnerships: Having large data of target customers, Mobycy can opt for brand partnerships for geographic targeting based ads and collect revenues on the same.
Corporate Plans: For companies looking to expand their CSR plans or for companies looking to provide a last mile commute solution to their employees, Mobycy can provide complete white label bike sharing app solution.
You can become an opportunistic entrepreneur by capitalizing on the daily commute market’s need gap. Not only can this business prove to be an extremely profitable venture, by entering this space you are also taking up an environmental cause by decreasing the usage of petrol and diesel operated private vehicles and created a sharing based economy. With a tech partner like us beside you, who can develop a scalable dockless bike sharing application on Android and iOS platforms. You can be rest assured we take the responsibility to make sure your bike sharing app is always running to its optimal state while helping you and your business to grow.
An estimated cost of developing a bike sharing app for the Indian market will be in the ballpark of $13000-$15000 (Android + iOS + Web services + Admin).
Let’s have a look at the detailed bifurcation based on the features of the app.
|App Users||Registered Users||Admin Panel|
|Basic/ Default Features||Registration/Sign Up/ Sign In||Sign In|
|Dashboard/ My Profile/ My bookings||Admin Dashboard|
|Date/ Time picker||Add/View/ Delete Rider Profiles|
|Search a bike location results||Manage Pending Verifications|
|Map View Integration||View/ Delete Bikes|
|List Card details for bikes||Add/ View Bookings|
|Pricing Calculator-Request a bike||View Payments|
|Payment Gateway integration||View Invoices|
|Lock/ Unlock Bike (Start Trip/ Stop Trip)||Manage Notifications|
|SLate fees payments||Manage Penalty Charges|
|Cost of Bike Sharing App like Mobycy||USD 13000-15000 for both iOS+Android or USD 8000-9000 per platform|
|Registered App Users||RAdmin|
|Add-on Features||Future rides/ Advanced booking||Manage Pricing|
|Customer Support Chat||Manage Support Chat|
|Smart lock, Facial Recognition, Finger print lock/unlock||Manage offers/ Coupons|
|Reviews and Ratings||Manage reviews and ratings|
We can develop analytical tools which will provide insights using user data for your bike sharing application. Predictive analysis will help business owners identify the usage patterns considering factors like time and locations and helps in deriving predictive analysis for the next usage by a specific person or group. For brand partnerships, more sophisticated data provision helps as you can project the route of a user with greater accuracy thereby empowering your partners to target geography specific ads.
Depending on the conditions of the public transport, traffic analysis in the area and the number of users active, this algorithm will help you know the rising demand in new localities. Using this data, you can use triggers such as specific offers of that area and capitalize on the demand via a smart bike sharing app solution.
The locking and tracking system for each of the bikes will help you ensure the safety of your key assets, the bikes. Our expertise in similar IoT based solutions can help you keep your users in check and maintain the additional layer of security for each of the bikes.
Our expert team of resources for your bike sharing app development project will include:
Expert Professionals for iOS/Android mobile app development
Rich Experience for on demand taxi/ cab booking and ride sharing/ bike sharing application development
Expert consultation for strategic monetization & gamification features
Coding as per App Store & Google Play Guidelines
Support in bike sharing application deployment
Manual & Automated testing of the bike sharing app
No hidden costs
You may wonder that the first mover’s advantage is already lost to Mobycy. That may not be the right angle to look at this. Be it Flipkart vs Amazon or Uber vs Ola, Indian startup market always has space for great products. Our expert consultants will provide feature ideas to make your bike sharing app unique and scalable for business growth. So, what are you waiting for!