Bike rental startup Tilt receives $125K funding from Y Combinator

  • Tilt bike rental startup obtained funding of $125,000 from Y Combinator and has secured funding from undisclosed angel investors.
  • Backs up the expansion of presence in Tier 2 and 3 cities.
  • Tieing with other leading industry leaders to set up bike stations within their manufacturing unit.

Bengaluru-based bike rental startup Tilt that provides EV and bicycle to societies and manufacturing units for covering short distances has secured fresh funding of $125,000 from Y Combinator and an additional undisclosed round from a set of angels. The startup was set up in the year 2018 by Deepak V S, Sudhir Metaliya, Daksh Shah, and Rachit Parikh.

According to Tilt’s founder, most bike rental companies have solved the problem of mobility within the city whereas Tilt is making mobility possible with campuses.

To Hire bike people to need to create an account to find the station within their campuses and book a ride on finger touch. Its docking hardware is patent-pending and developed in-house by its team.

In India, top industry leaders such as Tata Motors, ONGC Petro additions Limited, Tata Consultancy Services, Palava City, Mahindra Group, and Tata Steel are also taking bike cycle services for their employees to move from one unit to another within the manufacturing plant.

The idea of the business was first incubated at Digital Impact Square, a TCS foundation-run Startup incubator. Through DISQ idea was introduced to TATA motors and realized this could solve the problem of mobility within the facility and will also save traveling time that employees used to take earlier to reach one unit to another however this would increase operating cost but the profit could be increased by making employees devote saved time to their assigned work to complete before the given time.

Tilt is a part of Y Combinator’s Winter 2021 batch, and its bikes are manufactured in Nashik and Ludhiana. It claims that it is great of its offering in tier 2 and 3 cities where transportation is poor.

According to the Tiltits hardware, operations, software, and vehicles have been built ground up to specifically address these challenges and hoping to have a great future with healthy market share and revenue in coming years.

Also Read: This Car Rental Startup Allows You to Own a Car Without Buying it

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