India Electric Bike Rental Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report On the India Electric Bike Rental Market Covers the Latest Trends and Technological Development Of Bike and Scooter Rental Companies. It Provides An Analysis of Various Areas of the Market Demand Based On Vehicle Type (Pedal-Assisted and Throttle-Assisted) and Application Type (City/Urban and Cargo). Market Share of Major Indian E-Bike Rental Companies Will Be Provided in the Scope of the Report. The Report Offers the Market Size for the Indian E-Bike Rental Market in Terms of Value (USD) for all the Above-Mentioned Segments.

India Electric Bike Rental Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Indian E-Bike Rental Market Size

Indian E-Bike Rental Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 7.67 Million
Market Size (2030) USD 13.57 Million
CAGR (2025 - 2030) 12.10 %
Market Concentration Medium

Major Players

Indian E-Bike Rental Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Indian E-Bike Rental Market Analysis

The Indian E-Bike Rental Market size is estimated at USD 7.67 million in 2025, and is expected to reach USD 13.57 million by 2030, at a CAGR of 12.1% during the forecast period (2025-2030).

Electric bike rental services, particularly for two-wheelers, have seen a significant rise in India over recent years due to various factors, including the growing awareness about the benefits of electric vehicles, the increasing availability of charging infrastructure, and the government’s push toward the adoption of electric vehicles. With the growing need to reduce emissions across the country, the demand for phasing out existing conventional fuel-based vehicles with electric mobility is growing, creating ample opportunities for the electric bike rental business.

Several state governments across the country have been adopting various initiatives, such as reducing taxes on electric vehicles and establishing charging infrastructure to attract investments in electric mobility and related services. For instance,

  • In July 2023, the Ministry of Goa mandated registering rental electric bikes for tourists by 2024.

Furthermore, the adoption of charging infrastructure has improved significantly in recent years, making it easier for people to use electric mobility for longer distances. Several players in the market are providing electric vehicle rental services and focusing on developing charging infrastructures. This, in turn, is anticipated to boost the Indian electric bike rental market over the forecast period.

Indian E-Bike Rental Industry Overview

The Indian electric bike rental market is consolidated and led by globally and regionally established players. The companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance,

In April 2023, electric bike-sharing startup Yulu partnered with food delivery platform Zomato to provide 25,000-35,000 units of its purpose-built e-scooter, DeX, to the latter's delivery partners for last-mile delivery on custom-made rental plans.

Some of the major players in the market include Giant Bikes, Vogo Rental, Zypp Electric, Bounce Infinity, and Yulu Bikes Pvt Ltd.

Indian E-Bike Rental Market Leaders

  1. Giant bikes

  2. Vogo Rental

  3. Zypp Electric

  4. Bounce Infinity

  5. Yulu Bikes Pvt Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Indian E-Bike Rental Market Concentration
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Indian E-Bike Rental Market News

  • February 2023: Joining the burgeoning electric two-wheeler space, Bengaluru-headquartered electric mobility platform Yulu Bikes Pvt Ltd, in partnership with Bajaj Auto Ltd, launched two new electric 2-wheelers (e2Ws), namely Miracle GR and DeX GR.
  • December 2022: The Karnataka Transport Department announced its decision to issue a license to Wicked Ride, the parent company of Bounce, to operate electric bike taxi services in the state.
  • June 2023: Yulu's signature small, blue-colored signature rental electric bikes (e-bikes) are gaining traction in the most prominent localities of Bengaluru, Delhi, and Mumbai. The electric mobility startup launched a new low-speed e-bike model, Yulu Wynn.

India Electric Bike Rental Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Growing Adoption of Electric Vehicles is Anticipated to Boost the Market
  • 4.2 Market Restraints
    • 4.2.1 Limited EV Charging Infrastructure May Hinder the Market Growth
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application Type
    • 5.1.1 Urban/City
    • 5.1.2 Cargo
  • 5.2 Vehicle Type
    • 5.2.1 Pedal-Assisted
    • 5.2.2 Throttle-Assisted

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Vogo Rental
    • 6.2.2 Yulu Bikes Pvt. Ltd
    • 6.2.3 Giant Bikes
    • 6.2.4 Motoride Scooter Rentals
    • 6.2.5 Voltium
    • 6.2.6 Wheelbros
    • 6.2.7 Rentrip Services Pvt Ltd
    • 6.2.8 EXA MOBILITY EXA RIDE
    • 6.2.9 BycyShare Technologies Pvt. Ltd (Zypp)
    • 6.2.10 eBikeGo Pvt. Ltd
    • 6.2.11 Zypp Electric
    • 6.2.12 Bounce Infinity

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Indian E-Bike Rental Industry Segmentation

E-bike rental is a service wherein an e-bike fleet operating company lends the e-bike to customers for a specific period at a pre-defined cost. The scope of the study includes e-mountain bikes, e-cargo bikes, and e-mountain bikes.

The Indian electric bike rental market is segmented into vehicle type and application type. By vehicle type, the market is segmented into pedal-assisted and throttle-assisted. By application type, the market is segmented into city/urban and cargo.

The report offers market sizes and forecasts for the Indian electric bike rental market in terms of value (USD) for all the above segments.

Application Type Urban/City
Cargo
Vehicle Type Pedal-Assisted
Throttle-Assisted
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India Electric Bike Rental Market Research FAQs

How big is the Indian E-Bike Rental Market?

The Indian E-Bike Rental Market size is expected to reach USD 7.67 million in 2025 and grow at a CAGR of 12.10% to reach USD 13.57 million by 2030.

What is the current Indian E-Bike Rental Market size?

In 2025, the Indian E-Bike Rental Market size is expected to reach USD 7.67 million.

Who are the key players in Indian E-Bike Rental Market?

Giant bikes, Vogo Rental, Zypp Electric, Bounce Infinity and Yulu Bikes Pvt Ltd are the major companies operating in the Indian E-Bike Rental Market.

What years does this Indian E-Bike Rental Market cover, and what was the market size in 2024?

In 2024, the Indian E-Bike Rental Market size was estimated at USD 6.74 million. The report covers the Indian E-Bike Rental Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Indian E-Bike Rental Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Electric Bike Rental Industry Report

Statistics for the 2025 Indian E-Bike Rental market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indian E-Bike Rental analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.