5% of platform economy bikes run on battery, finds report

THE state is eyeing the electrification of the platform economy with around 5% of the two-lakh commercial two-wheelers involved already found to be electric vehicles (EV), according to a report released on Thursday by Guidance TN and OMI foundation.

- C SHIVAKUMAR

Bike taxis and food delivery services constitute a majority of vehicles in platform economy.

EV adoption in the commercial segment is experiencing rapid growth, particularly where vehicles are leased and owned by the delivery or fleet operators. This model faces fewer barriers like financing and charging infrastructure. B2B providers like Zypp Electric, etc play a crucial role in this segment by providing EVs and supporting the charging infrastructure, states the report, which provides key insights and strategies for the electrification of commercial two-wheelers in the state.