The gig economy experienced an unprecedented rise in delivery platforms, presenting WeRide Rentals with a newfound opportunity. To help scale their national operations, WeRide Rentals decided to partner up with Loopit as their technology partner.
Founded in 2016, WeRide Rentals offers low-cost access to last-mile mobility products such as bikes and scooters without the need for outright purchase. With the uptake of delivery platforms like UberEats, Deliveroo, Menulog and DoorDash fuelling the growth of last mile mobility; WeRide Rentals began to double down on providing delivery riders with an all-inclusive rental solution that included insurance, service and repairs.
The online food delivery market is expected to reach $192.16 billion in 2025, generating a high demand for bikes and scooters. This is further compounded by a transition towards clean and efficient vehicles amid COP26 summit and national target for lower carbon emissions and congestion. Ambitious to capitalise on this market growth and trend, WeRide Rentals set out to scale their operations.
As the food delivery market continues to grow at a compound annual growth rate of 11 per cent, WeRide Rentals understands the importance of scaling operations without compromising profitability. For WeRide, success in the last-mile mobility space depend on the following:
WeRide Rentals chose Loopit as their software partner to offer flexible and affordable access to scooters and bikes for consumers - with a focus on the food delivery market. Thanks to the capabilities of Loopit’s software platform, WeRide were able to improve their efficiencies by streamlining the following areas:
As the food delivery industry continues to grow, the shift towards e-bikes will rise proportionately as a means of reducing emissions and congestion - providing WeRide Rentals an opportunity to further scale their business. However, WeRide Rentals remains committed to ensuring delivery drivers are provided access to bikes and scooters at an affordable price. Partnering with Loopit to offer an all-inclusive rental service that includes insurance, servicing and maintenance is only one of the many factors contributing to WeRide’s future growth. Other factors include:
“Weride provides products and services tailored to meet the needs of gig workers in the food delivery industry, and this partnership with Loopit means our customers will have more flexible and affordable access to vehicles, especially critical within current market uncertainty. Particularly for industries that require a fleet of vehicles for deliveries, micromobility is the smart answer both for environmental reasons and cost efficiencies.” - Jean-Baptiste Malandain, Founding Director at WeRide Rentals
WeRide Rentals is poised to drive the uptake of last-mile mobility, as they continue to empower gig workers in the food delivery industry. Future uptake of e-bikes in Australia will only fuel the growth of WeRide Rentals, who thanks to their partnership with Loopit, have now set the groundwork for scaling operations.
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