Start Business With e-Bike Rental App: Know Revenue Model, e-Bike App Cost

The craze around electric vehicles is growing as it paves the way for a cleaner and zero-carbon emission planet. The environmental impact of gas and diesel vehicles is the biggest reason electric vehicles are viewed as better alternatives for commuting from point A to B.

Taking advantage of the soaring popularity of this changing market trend. Budding entrepreneurs and existing bike or car rental owners plan to start an e-Bike rental business. In the upcoming few years, the bike or car rental business in the USA, UK, Australia, Nigeria, or any part of the world will completely or partially shift to electric vehicles.

If you are too planning to start your own e-bike rental business and dip your toes in this futuristic business opportunity. Then, we at Suffescom Solution have the right expertise and tools to deliver success to your e-Bike rental business plan and we also build a web3 car rental marketplace.

Here in this post, you will read about:

• Benefits of starting an e-Bike rental business.
• Revenue model for Uber-like eclectic bike-sharing business.
• Essential feature of our e-Bike rental business.
• Tech-Stack For your e-Rickshaw Services or e-Bike App Development
• e-Bike Rental Service App Step-by-Step Development Process
• How Much Does It Cost to Build an e-Bike Rental App Like Uber?

So, without much ado. Let’s start!!

Reasons to Venture Into e-Bike Sharing Business

As you already know, electric vehicles are getting popular as they are environment-friendly. And are an efficient way of commuting from point A to B. But that is just the tip of the iceberg. There are various other advantages of electric vehicles that make it extremely profitable to venture into the e-Bike sharing business. Let’s have a look at the influencing reasons:

Low Maintenance

Electric vehicles don’t require an oil change, filter change, spark plug, fuel filters, or any extensive maintenance as there are fewer moving parts. The life of the braking pads also gets extended with regenerative braking technology. In which an electric motor decreases the speed of the vehicle. In the long run, electric vehicles cost ⅓ rd of maintenance compared to diesel or petrol vehicles. Thus making the rental or ride-sharing app a profitable business venture.

Sustainable Solution

There is no doubt that electric vehicles are the future of commuting. It help reduce more than three tonnes of carbon emission per year. Electric vehicles such as e-Bike or e-Rickshaw have zero carbon emissions and are a sustainable solution for the ride-sharing sector worldwide.

No Gas Required

With the increasing demand for petrol and diesel, the price is also moving up, making running gas vehicles on roads more expensive. The gas prices cut a huge proportion of your profits and burden your bike or car rental business. But, with your e-Bike rental business, there is no need to worry about increasing gas fees. Just charge your vehicle anywhere, and you are good to go.

More Convenient

As the demand for electric vehicles increases, It is getting more convenient to charge vehicles on the go than gasoline. You can charge most electric vehicles from a standard household socket. That’s how easy it is to charge electric vehicles.

Save Money

Governments worldwide are offering attractive promotional schemes to promote the usage of electric vehicles. As an entrepreneur, you can benefit from these benefits and save money that can later be used for marketing or business expansion.

Revenue Model For Uber-Like Electric Bike Sharing Business

Before moving on further to the development stages, choosing the right revenue model for your uber electric bike booking app is vital. As there are various revenue models for your electric booking application, you should choose the one that best suits your business requirements. Here are some popular revenue generation models for your electric bike booking application.

Trip Commissions

This is the most revenue generating method for your electric bike booking application, and most non-electric competitors like Uber and Lyft use this business model. You can charge a fixed commission percentage from each ride booked via your application. Usually, the trip's commission varies from 15 to 25 percent.

Surge Pricing

Surge pricing is another efficient way to generate revenue from your electric bike booking software. With an advanced set of algorithms in your electric bike rental app, you can increase the trip rate using the demand and supply rule. Uber commonly uses this revenue generation method for premium earnings.

Cancellation Fee

Charging your customers for every ride cancellation after a specific time is another way of generating revenue from your electric bike-sharing app. Although this can’t be your main revenue generation model, it will surely help keep the ride cancellation to a minimum.

Brand Partnerships/Advertising

Brands partnerships or advertisements are another way of generating revenue from your electric moto rental business. Leverage your user base to different onboard brands to advertise and promote their products and services on your electric bike rental software solution.

Basic Essential Features of our e-Bike Rider Rental Application

Features of Customer App

• Sign in – New customers can use this feature to sign in to the platform via social media, phone numbers, and email. They can also choose between different payment methods.
• Taxi Booking – The riders can book a taxi, enter their address, select the type of car, and adjust the pickup location.
• Fare Calculator – With this e-bike sharing app feature, users can automatically calculate travel costs from points A to B.
• Track Driver – The users on the platform can use this feature to track their driver in real-time and get regular updates for the same. With real-time tracking, users can see the travel routes and estimated arrival times to save time.
• Multi-Payment Method – Our eBike sharing app is integrated with multiple payment methods such as credit card, debit card, net banking, QR code, cash, and Paypal to provide ease of payment to users.
• In-App Call & Messaging – With the in-app call and message feature, users can communicate with their driver to know their ride status.
• Rating & Review– App users can share their ride experience and rate the driver accordingly with the rating and review feature.
• Trip History – This feature allows customers to check the status of their previously completed trip and even view their trip descriptions such as route, ratings, trip fees, and others in detail.
• Cancellation Fees – App users can cancel their rides due for any reason, but it needs to be done within a specified period of time to avoid cancellation fees. You can check the cancellation fees with this feature.
• Split Payment – With this feature, e-rickshaw app users can opt to split the payment with their co-passengers.
• Schedule Rides – Users can book an eBike in advance rental service provider in advance with this app feature.
• Book Rides for Others – Users can book a ride for their friends, relatives, or colleagues using this app feature.

Features Of Driver Interface

• Registration – Drives can use this feature to register with the platform, and only after verification they can start providing their services.
• Profile & Status – With this feature, eBike drivers can check their verification status and even set their availability features simultaneously.
• Ride Alert – This app feature sends ride notifications about incoming ride requests, travel routes, pick-up or drop-off locations, etc.
• Push Notifications – With this feature, drivers get instant notifications about ride commences, travel routes, heavy traffic ahead, etc.
• Navigation & Route Optimization – This feature allows riders to easily find the best route with our route optimization built-in Google maps.
• Trip Reports – Drivers can see their completed trips, total earnings, tips, and other valuable insights with weekly, daily, and monthly reports.
• Next Ride – The app provides a notification of an upcoming ride while the driver is still completing the previous one.

Features of Admin App

• Manual Dispatch - With this feature, the admin can manually assign incoming ride requests to the nearby drivers in low-network areas.
• Manage Drivers - Admin can easily manage drivers with this app features and get daily, weekly, and monthly reports on individual drivers with completed trips, rejected trips, total earnings, commissions, the payable amount after deduction, etc.
• Fare Management - Admin can set flexible pricing and surcharge strategy based on a specific area, time, and flat charges.
• Interactive Dashboard - With this feature, the admin can customize the user dashboard to make it more user-friendly and track everything from trip history, total trips, and total expenditure with a single app screen.
• Driver Commission - This feature allows the admin to set driver-wise commissions and keep a check on the commission's rates at any time.
• Admin Reports - With this feature, the admin can check the trips completed, rejected, canceled, revenue generated, driver commissions, reviews, ratings, etc as reports for a period defined.

Tech-Stack For your e-Bike or e-Rickshaw Services App Development

Here’s the list of tech-stacks you need for the e-Bike rental app and launch an app with similar features and functionality similar to Uber or Lyft.

• Kotlin (for Android App)
• Swift (for iOS app)
• React-native (for mobile platforms)
• Node.js (for backend)
• Amazon EC2
• Amazon S3
• PayPal/Stripe
• Elastic email
• Twilio
• Socket.io
• Card.io
• APNS
• Firebase
• Google Directions
• Facebook SDK
• Google Maps
• Google Places

Now that you know about the tech stack for your e-Bike rental app. It’s time to have a look at the app development team. Without a doubt, you need an all-rounder team who are well versed with the tech stack mentioned above. And provide end-to-end development, deployment, and support services.

Here’s a list of IT professionals you need for the development of your e-Bike rental business application.

• Android app developer
• iOS app developer
• UI/UX designers
• Backend developer
• Quality Assurance Analyst
• Business Analyst
• Project Manager

Our e-Bike Rental Service App Step-by-Step Development Process

• Requirement Analysis – In this development phase, our team analyses the project's client-specific requirements and device solution based on the initial output.
• Project Outline & Blueprint – In this stage, the team focuses on creating an outline for the project and laying the foundation for the app development process. At this stage - project deadline, milestone, documentation, wireframe, initial UI/UX designs, etc are created.
• Project Development – After finalizing the project wireframes and app designs, our development team will proceed with the app development and design it per client-specific requirements. Feedback is taken from the client after the completion of every set milestone for the app development.
• App Testing – In this app development phase, the application goes through different testing phases such as functional testing, stress testing, accessibility testing, load testing, etc, to ensure that the application is bug-free and performs as intended.
• Deployment – After getting the final approval from the client, our app development team moves to the final deployment phase. Your e-Bike sharing application will be deployed on multiple platforms to attract a large target audience/user base.
• Post Deployment Services – This stage involves enhancements and fine-tuning of the app based on the changing needs and feedback.

How Much Does It Cost to Build an e-Bike Rental App Like Uber?

So, now you have everything related to e-Bike sharing business setup and app building, it's time to talk about money. Multiple factors weigh in when it comes to your e-Bike rental application's development cost. Factors such as features of your e-Bike sharing application, e-Bike, e-Moto, or e-Rickshaw services app development partner, location, total expertise, hourly rates, and more.

Some of the vital factors that directly impact the cost to build an e-Bike rental app with similar features to Uber are as follows:

• Native Android/iOS
• Tech-Stack
• App features & functionalities
• App complexities
• Expertise and ability of the development team
• UI and UX Design
• Maintenance Plan

Want to know the exact development cost of your e-Bike sharing application? Get in touch with our experts over a 10-minute consultation call. Today!!

With over a decade of experience in assisting businesses worldwide with mobile apps and software solutions, we at Suffescom Solutions offer exceptional services to our clients. Our team will analyze your application needs, guide you on market trends, and leverage their expertise in the latest technologies to deliver exceptional results. We provide custom blockchain services with cutting-edge web3 technologies that empower our client's businesses to get an edge over others.

Whether you are looking to develop an e-Bike sharing application or need any tech advice, our support team is ready to lend an eyer. We are eager to assist budding entrepreneurs worldwide with our knowledge in app development and help them grow.

Just tell us what you are looking for, and we’ll take care of the rest.

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