Bengaluru: Shared mobility startups are relying on new use cases, such as visits to pharmacies and supermarkets, to stage a rebound as uncertainty over the renewed threat of a new coronavirus strain could delay the reopening of workspaces and return of urban commuting in 2021. Operators said they may see recovery from the first quarter of next year, but expect the road to revival to be long, bumpy and fraught with challenges. For r-hailing apps like Ola and Uber, the core mobility business is likely to take longer to witness a full recovery compared to two-wheeler startups. There is a strong chance that Ola and Uber will challenge the rules if consultative changes are not initiated, said industry experts. The faster recovery of two-wheeler mobility startups has given the segment a better opportunity to execute its plans like having more electric vehicles (EV).

Source: Mint December 27, 2020 16:30 UTC