Scooter rentals give new spin to asset-light model

BENGALURU: Top scooter rental companies — Vogo, Bounce and Drivezy — are increasingly adopting the assetlight business model pioneered by ride-hailing companies Uber and Ola.

These firms have tapped a handful of companies to own the thousands of scooters that run on their platforms, unlike ride hailing where individuals own the cabs. The obvious advantage — assets, scooters in this case, go off-book, even as they still get a reliable supply of vehicles, something that has been a huge problem for Uber and Ola.