Bike Taxi Startup Rapido Bounces Back to 75% Of Pre-COVID Levels; Taps Into EV Space with New Service

“Unlike cars, bikes are open and from the Covid perspective, indoor is more risky than outdoor. Also, bikes are meant for a shorter duration. So, the chances of contraction are lesser than in cabs. In terms of cabs, a lot of customers may have gone back to their hometown and may not return until offices resume. This would impact the recovery of four-wheeler booking,” said Yugal Joshi, Vice President at Texas-based consultancy Everest Group had told Financial Express Online.

Read more in Financial Express

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