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Tag: scooters

  • Dott To Roll Out E-Scooter Expansion With Extra $70 Million Funding

    Dott To Roll Out E-Scooter Expansion With Extra $70 Million Funding

    Electric scooter rental firm Dott said on Tuesday it had raised an extra $70 million which it will use to roll out new e-bikes, expand into new cities and countries and offer more services. Amsterdam-based Dott had announced $85 million in the Series B funding last year and the extra amount brings the total the start-up has raised so far to around $210 million. “We’re all on this crusade against personal cars. We want to make it super simple for anyone who wants to ditch their own car to have other transportation modes,” Dott Chief Executive Henri Moissinac said.

    The two largest global e-scooter rental operators are Bird Global Inc, which was listed in November, and Lime, which aims to go public this year. The business is expected to see further consolidation as larger players scale up to navigate tougher regulations from cities trying to adapt to e-scooters. Ride numbers rebounded in 2021 after the COVID-19 pandemic virtually shut down operators for lengthy periods in 2020.

    And the scooter rental business is expected to undergo further consolidation as larger operators seek greater scale to handle tougher regulations from cities

    Dott, which has a fleet of 40,000 e-scooters and 10,000 e-bikes, is operating in 36 cities across nine European countries

    Dott said its extra funding was led by new investors abrdn and existing investor Sofina. Its existing investors including Prosus Ventures, the venture capital arm of Prosus NV also participated in the latest round. I declined to comment on the company’s current valuation.

    Dott, which has a fleet of 40,000 e-scooters and 10,000 e-bikes operating in 36 cities across nine European countries, recently partnered with FREE NOW, a European platform that offers ride-hailing and taxi services.

    Moissinac said Dott is seeking more partners “to offer as many options as possible for shared mobility to consumers”, adding that it will expand in France and Scandinavia, the Netherlands with e-bikes only and possibly Israel.

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  • Insurance Policy For Electric Scooters In India

    Insurance Policy For Electric Scooters In India

    The government of our country recently created a goal of going “completely electric” to limit the spread of pollution. India is one of the first five countries globally which use conventional fuels. Due to this, the environment faces a grave threat, which is why electric scooters are being promoted more and more these days. Having proper insurance if you have an electric scooter is important as well because your scooter is an asset. When you claim the insurance in case of damage, you get reimbursed.

    Some of the main benefits of getting your electric scooter insured include:

    • Getting insurance for your electric scooter complies with the government’s law. The government requires every vehicle to be registered and insured.
    • It helps you financially in case of accidents and mishaps. The components of electric scooters are very expensive and therefore, having insurance to cover the costs is very important.
    • Even if your electric scooter malfunctions or breaks down, the money will get reimbursed. Thus, an insurance policy saves you from spending money out of your pocket in case of accidents.
    • Go for a policy that offers full coverage at a reasonable price.
    • Prioritize going for digital-based insurance companies since they can be quickly acquired and easily claimed.
    • Compare the pros and cons of numerous policies before locking in on one.
    • Ensure that you are legally ready and responsible.
    • Read the fine print stating the terms and conditions thoroughly before making the purchase.

    DOCUMENTS NEEDED:

    • Proof of Identification – Voter’s ID Card, Aadhaar
    • Proof of Address – Passport, Driver’s License, Aadhaar
    • Recently-Captured Passport-Sized Photographs

    TYPES OF INSURANCES:

    There are generally two variants of electric scooter insurance in India. They are:

    • Third-Party Liability Insurance – Considered to be the main type of insurance, the third-party liability insurance protects the insured vehicle from any sort of financial as well as legal liability caused as a result of accidental damages.
    • Comprehensive Two Wheelers Insurance – This kind of insurance offers an extra layer of security and safety. This policy provides protects the insured vehicle from numerous natural as well as man-made disasters.

    WHY PURCHASE AN INSURANCE POLICY?

    There are two main reasons why you should get your electric scooter insured as soon as possible. They are:

    • Electric Scooters sport a heavy price tag and therefore, they should be insured to save money in case an accident takes place.
    • Electric scooters have high maintenance charges. They are quite powerful and therefore, need as much protection as they can get. An insurance policy guarantees that.

    Getting your electric scooter insured is both a logical and a sensible thing to do if you wish to save money in the long run. There are many insurance companies out there that offer electric scooter insurance. Do proper research and compare the plans before locking on a particular one.

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  • KYMCO, Twenty Two Motors Join Hands To Make Electric Scooters

    KYMCO, Twenty Two Motors Join Hands To Make Electric Scooters

    Electric scooter manufacturer Twenty Two Motors has joined hands with KYMCO, a Taiwanese scooter manufacturer and leading two-wheeler and powersports global brand, to form a new venture to manufacture, market and sell electric two-wheelers in India. Although no details about the partnership have been announced, a joint statement by the two companies state that both brands will share knowledge, technology and expertise to create “premium electric mobility architectures” in the country. The statement adds that Twenty Two Motors and KYMCO are “all set to revolutionise the two-wheeler sector in India by establishing a favourable ecosystem for EVs”

    “Twenty-Two Motors was founded with the sole aim to change the commutation landscape in India by providing powerful smart vehicles to generation next. Electric mobility is the future of the world – a near future, not distant. We envisioned facilitating Indian customers with smart EV vehicles and a proper infrastructure with charging stations and efficient battery and our partnership with KYMCO is the next step in this direction. This unique partnership will prove to be a revolution for fundamentals of Indian auto sector which no one expected so far as we shall be creating a complete new ecosystem for premium EV mobility in India,” said Parveen Kharb, CEO and Co-Founder, Twenty Two Motors.

    Under the new partnership, called Twenty Two KYMCO, the two companies will strive to make electric mobility a practical reality for everyone. KYMCO will introduce its unique battery swapping solutions, called Ionex and Ionex Commercial in India. The Ionex smart battery weighs only 5 kg and is designed to be user friendly in every application. The ecosystem offers various charging solutions including standard charging, fast charging, battery swaps, or any combination. The Ionex Commercial further provides a range of customisable electric scooters along with engineering services to convert existing fleets of two-wheelers to work with the Ionex Commercial platform.

    “KYMCO is on a social mission to change the modern transportation and India is one of most important markets from that point of view. We found a natural partner in Twenty Two Motors as we have synergies in terms of vision, technological innovation and outlook. Together we aim to change the landscape of urban mobility in India. ”

    “While Ionex enables consumers to go electric without compromise, businesses and governments need to have reliable solutions for charging stations, removable batteries and related IT support systems before they opt for EVs. And therefore, Ionex Commercial is here to provide a total package to empower and enable all businesses and governments to adopt premium electric mobility”, said Allen Ko, Chairman, KYMCO.

    The Flow, the first smart electric scooter developed by Twenty Two Motors, will be equipped with the advanced Ionex technology developed by KYMCO. The new removable Ionex battery will be lighter in weight, easy to swap, waterproof and can be fully charged in less than an hour. The Flow was launched at the Auto Expo 2018 at a price of ₹ 74,740 (ex-showroom Delhi). In addition to the Ionex battery, the updated Flow will also have a fixed reserve battery on board which is kept constantly charged by the removable battery. Riders can use the scooter for 20 km when the Ionex battery is removed for charging. The updated Flow and other models from Twenty Two Motors KYMCO will be available at Twenty Two KYMCO Experience stores in New Delhi, followed by Gurgaon, Jaipur, Hyderabad, Pune and Bengaluru.

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