Signpost India arm takes its bicycle sharing service Coo Rides into Karnataka’s smart city
The project is to be operational by August and is enabled by the mobility technology arm of Signpost India
Published - Apr 4, 2019 2:50 PM Updated: Apr 4, 2019 2:50 PM
Digital Out Of Home enterprise with focus on public convenience segment – Signpost India has increased the footprint of its first and last mile connectivity-driven Public Bicycle Sharing Service – Coo Rides by entering Davanagere Smart City in Karnataka.
The project was awarded to Signpost India Pvt Ltd. under the Public Private Partnership model by the Davanagere Smart City Limited – Govt. of Karnataka for a operational concession period of 10 years.
This would be the third city after Thane in Maharashtra, Naya Raipur, in Chhattisgarh and the first city in India to enable electric bicycle along with self-cycling ones, on sharing basis using the Coo Rides on mobile phone app.
“We are targeting to achieve at least 10,000 rides a month with the existing fleet strength of 200 bicycles, with network of 20 docking stations in this southern city. We expect close to 10,000 users to sign up as members and contribute to lower carbon emission as responsible citizens,” said Shripad Ashtekar, Managing Director, Signpost India.
The project to be operational by August is enabled by ParXsys MoBliT Systems – the mobility technology arm of Signpost India. The system is the world’s first hybrid docking technology that enables registered users to automatically get bicycles issued from docking stations and return it at any other docking station within the network easily located from the mobile app. Further, in between the rides users can temporarily lock the bicycle at any location – all controlled using the Coo Rides.
It will offset about 36,000 kg of CO2 emissions per annum, as 10 bicycles will negate the pollution caused by 1 scooter or motorcycle every year and 5 electric bicycles will deliver the same outcome annually.
“Our vision is to build an ecosystem of micro-mobility infrastructure catering to commute needs up to 5km within urban geographies on a subscription basis. A multi-modal platform that provides bicycles, electric bicycles, electric scooters and shared rides in electric auto rickshaws – all available to opt from our mobile application – COO Rides to users,” said Syed Haseeb Arfath Founder & Director, ParXsys MoBliT Systems Pvt Ltd.
“In India, a commute distance of 0-5 km is not serviced by a mass transport system. We bring about the experience of over a decade in enabling India-centric technology to realise this dream for us and for our users,” Syed said.
Signpost intends to demonstrate how micro mobility can be a successful business even in non-metro cities of the country by essentially providing a service that is in the need to enable connectivity within cities.
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