Post fundraise, bicycle sharing startup MyByk eyes public transport linkage

Having raised $1 million in a pre-Series A funding from Avon Cycle and other investors, Ahmedabad-based public bicycle-sharing startup MyByk is now aiming to integrate its services and mobile application with public transport.

For this, MyByk is looking to partner with state governments in its endeavour to transform into a Mobility as a Service (MaaS) platform.

Commenting on the startup’s plans after the latest fund raise, MyByk founder and CEO Arjit Soni said that the model will integrate public transport ticketing within the MyByk app and partner with taxi aggregators and self-drive car rentals to eventually offer a single subscription that takes care of all users’ mobility needs.