Chinmay Malaviya and Charlie Depman discovered themselves at the center of the shared micromobility industry simply as it removed, working for companies like Bird, Lime and Scoot. They experienced a rollercoaster trip of venture funding and skyrocketing demand, product mistakes and regulatory difficulties. It was in the middle of this activity that the set kept in mind a shift in the market– and a chance.
“From our viewpoint there was a massive shift taking place in mobility and transport, in regards to individual ownership,” Malaviya informed TechCrunch in an interview last month. “People were trying to find their own electrical scooter, electric bike and electric moped.”
Malaviya and Depman, who met on LinkedIn, figured out there wasn’t a suitable method to research, veterinarian and purchase e-bikes, e-mopeds or e-scooters beyond Google and Amazon searches. And Ridepanda, an online market for light electric automobiles, was born.
It’s safe to call the pair “light electrical vehicle” evangelists. They see Ridepanda, which raised a concealed amount of seed financing from General Driver and Will Smith’s Dreamers Fund, as the best way to deliver on the objective of getting more electric bikes, scooters and mopeds in the public’s hands.
“We recommend cities that can be happier and efficient, if they work on these lorries that are little, peaceful environment-friendly and likewise a lot more enjoyable,” said Malaviya, who included that light electrical cars are especially well-suited for the majority of trips individuals take, which data shows is up 5 miles.
The start-up, which the pair launched in early 2020 and recently came out of stealth, aims to be a one-stop “e-ride” shop where consumers can find a curated set of expert-vetted e-rides and a customization feature that helps consumers home in on the ideal product. Ridepanda introduced in late September a brand-new site with an enhanced user interface, a “Ridefinder Quiz” that helps people find the ideal product, in addition to other support services. These support services, which are bundled and branded “pandacare,” connects users with information on insurance, house assembly, repair and upkeep strategies, along with assistance discovering the ideal helmet.