Startup Bolt Bikes rents electric bikes to cigarette workers for $ 39 a week and has had a pilot program with mailmates in San Francisco since June
- Bolt Bikes will offer electric bikes to cigarette workers, both as a rental and as a rental
- The company has had a pilot program with Postmates since June
- The $ 39 per week subscription includes a charger, smartphone holder and U-Lock
This week an electric bicycle company Bolt Bikes based in Sydney officially announced its expansion to the US and the UK.
Unlike other e-bike companies, Bolt Bikes wants its primary customers to be cigarette workers rather than pedestrians who want to save some time.
For $ 39 per week, subscribers receive their own e-bike, a battery charger, a smartphone holder for their handlebars, a U-Lock and full coverage for maintenance and repair.
Bolt Bikes was founded in Sydney in 2017 and this year will officially bring its e-bikes aimed at cigarette workers to San Francisco and London
But most importantly, they get a chance to become an on-demand delivery person for any number of apps that have become popular in recent years, including Uber Eats, Instacart, Deliveroo and Door Dash.
Since June, Bolt Bikes has had a pilot program in San Francisco with Postmates, an app for food delivery that was first established in 2011.
"Since we were in the food industry since we were founded, we saw that light electric vehicles were the real future of" last mile "logistics, but no one offered the right vehicle, financing or maintenance solution," founder Mina Nada told TechCrunch.
For $ 39 a week, Bolt Bike renters receive a bike, a battery charger, a U-Lock, and a smartphone holder (pictured above) to track incoming orders
WHAT ARE BOLT BIKES?
Bolt Bikes is an electric bicycle company founded in Sydney and currently also available in San Francisco, London and Melbourne.
The company rents out e-bikes to deliverymen and cigarette workers for $ 39 a week plus a down payment.
The bikes have a 350 watt motor and can travel up to 20 to 40 miles with a single load.
Renters are also offered insurance on the bikes, or are otherwise liable for the full value of the bike in the event of loss, theft or serious damage.
Backed by a $ 2.5 million new investment from a venture capital group, Bolt Bikes will now be available in San Francisco, London, Sydney and Melbourne.
In contrast to conventional bicycle sharing programs, purchasing a Bolt Bike requires an "induction" arrangement, whereby applicants must bring an ID and helmet to a local Bolt workshop.
In addition to the weekly costs, users are asked to pay a down payment, and the company also offers a rent-to-own option, as well as an opportunity to fully purchase their bikes.
The company will also sell user insurance, without which they are liable for the full cost of the bicycle in the event of loss, theft or serious damage.
Postmates, the popular food delivery app, launched in 2011, has had a pilot program in San Francisco since June with Bolt Bikes, one of a number of experimental new programs that the delivery app has been running in recent years.
Bolt bikes have a 350-watt motor, a range of 20 to 40 miles, a battery that lasts six to eight hours and a charging time of 5.5 hours.
In recent years, delivery apps have become more experimental with regard to the type of technologies they use to get food on the doorstep.
In 2018 Postmates worked with Serve, a mobile robotics company, to test an autonomous delivery robot in Los Angeles.
They also announced a pilot agreement with Ford to test self-driving cars to pick up and deliver food orders in San Francisco.
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