Bike-taxis provide an affordable form of transportation for metro commuters’ daily needs. But the bike-taxi industry is at a critical juncture where the future of the industry hangs in a balance. Despite recognition of motorcycles as valid ‘transport vehicle’ from the central government since 2004, absence of clear state-wise regulations has resulted in bans in some states and strong opposition from auto-rickshaws and cabs in others.
Rapido currently enjoys a 65% market share in India’s fledgling bike-taxi industry. Its revenue has grown from Rs 301 crore in FY20 to Rs 597 crore in FY22. Watch this Visual Story to see Rapido s supremacy in bike-taxi market and resilience among pushbacks & bans.