Despite the presence of multiple cab aggregators and commute players, mobility remains one of the largest challenges in India. The shared mobility market in the country is valued at $630.7 million and expected to touch $3.44 billion by 2024.
Only 18 percent Indians own vehicles despite the growing traffic; most prefer public transport as a means of commute. About 65 percent of the daily commute involves a distance of 0 to 10 kilometre, and yet, the last-mile commute remains one of the biggest challenges.
Trying to make a dent in the sector, IIT-Delhi alumnus Mohit Sharma and his school friend and NIT-Allahabad alumnus Akashdeep Singh decided to start Oye!
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