Electric Bike Rental Business

Electric Bike Rental Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Ready to capitalize on the growing trend of eco-friendly transportation? Consider an electric bike rental business.

This venture involves offering electric bikes to customers on a rental basis, catering to tourists, commuters, and environmentally conscious riders. Setting it up requires a fleet of electric bikes, charging stations, and a user-friendly booking platform.

The appeal lies in addressing multiple urban needs: reducing traffic congestion, promoting sustainable travel, and offering a fun, efficient way to explore cityscapes. With the increasing popularity of green alternatives, electric bike rentals are poised to attract a diverse clientele.

If you're looking to contribute to the green movement while tapping into a growing market, an electric bike rental business presents an appealing opportunity. It's an investment in a sustainable future and a rewarding business venture.

In this list, you'll find real-world electric bike rental business success stories and very profitable examples of starting a electric bike rental business that makes money.

Guillermo Cornejo, leveraging his background as a data analyst in the auto industry, founded Riders Share after crashing his motorcycle and discovering rentals cost a staggering $200/day. His platform now boasts 22,000 listed motorcycles and has raised $3.5 million in venture capital with over 120,000 registered users.

How much money it makes: $1.8M/year
How much did it cost to start: $1M
How many people on the team: 6

How I Built And Scaled The First Airbnb For Motorcycles

Riders Share, an online marketplace for motorcycle rentals, has generated over $3.5 million in venture capital since February 2018 with over 120,000 registered users and a margin of around 45%, proving it's possible to create successful businesses in niche markets.

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