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[Funding alert] Bicycle-sharing startup MYBYK raises $1M from Avon Cycles, others


[Funding alert] Bicycle-sharing startup MYBYK raises $1M from Avon Cycles, others
3 CLAPS
Sanjay Baweja, ex-CFO, Flipkart. 
This is the maiden round of funding for the
Ahmedabad-headquartered startup. Mybyk said it will use the funding to scale up the deployment of technology by introducing electric pedal-assist bicycles, expanding the leadership team and bolstering marketing efforts, as it looks at expanding to new geographies in India. The startup is targetting to increase its fleet to two million bikes by 2025.
“We are grateful to Avon Bicycles and our esteemed investors for reposing faith in us. This development is a testament to our resolve to redefining the public mobility landscape through accessibility, affordability, and reliability. We remain steadfastly committed to the goal of mitigating carbon footprints through sustainable transportation, said Arjit Soni, Founder and CEO, MYBYK. ....

Meghmani Finechem Dahej , Kochi Metro , Sanjay Baweja , Arjit Soni , Onkar Singh Pahwa , Kanishk Singh , Reliance Industries Limited Jamnagar , Ahmedabad Janmarg Limited , Service Maa , Avon Cycles Ltd , Avon Cycles , Avon Bicycles , Metro Rail Authorities , Mumbai Metro , Reliance Industries Limited , Adani Shantigram Township , Meghmani Finechem , Alembic Pharma , Pre Series A , Avon Cycles , Ahmedabad Startups , Ust In , கோச்சி மெட்ரோ , சஞ்சய் பவேஜா , அர்ஜித் சோனி , ஒன்கர் சிங் பஹ்வா ,

Shared bicycle system gets rolling in Kochi


Shared bicycle system gets rolling in Kochi
Updated:
Updated:
First lot of 360 bicycles launched
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Some of the 360 shared bicycles launched in Kochi on Saturday at a terminal point at Ernakulam Boat Jetty.
  | Photo Credit:
Thulasi Kakkat
First lot of 360 bicycles launched
Over 200 riders, including children, senior citizens and cycling enthusiasts, participated in the inaugural ride organised as part of the launch of the first lot of 360 bicycles, part of the MYBYK Public Bike Sharing (PBS) system that will see a total of 1,000 bicycles being launched in the Greater Kochi area, here on Saturday.
A joint initiative of Kochi Metro Rail Limited (KRML) and Cochin Smart Mission Limited (CSML), the bicycles were flagged off from the Jawaharlal Nehru International Stadium metro station here on Saturday by Alkesh Kumar Sharma, Managing Director of KMRL, in the presence of District Collector S. Suhas, District Police Chief ....

Panampilly Nagar , Alkesh Kumar Sharma , Arjit Soni , Cochin University Of Science , Kochi Metro Rail Limited , District Police , Jawaharlal Nehru International , Cochin Smart Mission Limited , Bike Sharing , Greater Kochi , Jawaharlal Nehru International Stadium , Managing Director , District Collector , District Police Chief , Kochi City , Cochin University , Kochi Bicycles , Kochi Cycle Sharing , Kochi Cycle On Rent , Kochi Cycling , Kochi Metro Station Cycle , பனம்பில்லி நகர் , அல்கேஷ் குமார் ஷர்மா , அர்ஜித் சோனி , கொச்சின் பல்கலைக்கழகம் ஆஃப் அறிவியல் , கோச்சி மெட்ரோ ரயில் வரையறுக்கப்பட்டவை ,