| | May 20218N othing is permanent but change. The world is continuously evolving and so are we. Covid19 has been an eye opener for many businesses across the world allowing them the scope to revisit their business model and bring changes. The shared economy, which was being touted as a revolution and was hailed by the minimalists as the new norm and world order was deeply shaken by the pandemic. The combustion engines which took over 100 years to reach its current stage suddenly started appearing as a thing of the past with the advancement in battery technology. The orders and norms are changing faster and only the companies who can adapt faster will be known as the `Game Changers'.Industry ­ Opportunities and challenges. The mobility sector is at a nascent stage and still needs time to mature. New age start-ups driven by technology have been enabling the consumers with options to explore the non-traditional modes of transportation. In India, `Two wheeler rental' is a relatively new concept and till 2015 was limited to the tourist state of Goa, even though the scheme was launched in 1997. The vast majority is still unaware about the existence of App based on demand `Two-Wheeler mobility services'. Covid 19 helped promulgating the services as an alternate and safer option to the public transportation system. One of the primary worries for the daily commuters and travellers was to use a mode of transport that was carrying multiple passengers and didn't have enough safety measures. The worry was mitigated by our app based on demand rental vehicles which could be used as personal modes of transportation hassle free at the click of a button. Evolution of new ideasCovid 19 helped us realize our potential to serve an alternate option to the public which was safer and convenient. In the midst of the pandemic we launched Royal Brothers X, typically is a subscription model for long term rentals. Consumers can choose to rent vehicles for up to 9 months at a stretch. This product was specially designed to cater to the needs of the consumers who didn't want to own the assets nor the hassles that come EXPLORING NEW AVENUES FOR YOUR COMPANY'S GROWTH DURING COVID-19By Abhishek Chandrashekar, CEO and Co-Founder, Royal BrothersVANTAGE POINTThe shared economy, which was being touted as a revolution and was hailed by the minimalists as the new norm and world order was deeply shaken by the pandemic
< Page 7 | Page 9 >