Rapido to invest Rs 150 crore in Bengal for electric mobility, women’s safety, and road awareness

Rapido, a bike ride-sharing platform, has signed a memorandum of understanding (MoU) with the transport department of Government of West Bengal for investments worth ₹150 crore towards initiatives in electric mobility, women’s safety in transportation and road safety awareness.

About ₹130 crore will be directed towards the development of urban electric mobility. Rapido aims to deploy electric vehicles across the city and other parts of the state while also working on building the necessary infrastructure to support a seamless transition to sustainable transportation.