360Ride Introduces “Ride and Earn” Program to Support ODD-EVEN Mandate in Delhi-NCR

Bengaluru, Karnataka, India
360Ride, a Bengaluru-based start-up that offers a ride-sharing platform for personal vehicle owners, today announced the “Ride and Earn” program to encourage people to support and share rides with other travellers during the odd-even mandate in Delhi-NCR.

As a part of this program, the commuters can earn upto Rs 1200 by sharing their ride on 4 wheelers and Rs 600 on 2 wheelers. The program will be applicable for the period of 15 days starting 15th April. The money will be transferred from 360Ride account to the users own bank account.

The second phase of the odd-even scheme will be implemented from the 15th of April 2016 to 30th April 2016, allowing vehicles with licence plates ending with odd and even numbers to ply on alternate days.

Lokesh Bevara, CEO and Co-founder, 360Ride said, “The odd-even mandate signalled the need to reduce traffic congestion in the country. Extending that thought, 360Ride believes that the ride sharing segment in India has a huge potential for growth and is the best way to streamline the transportation system in India. The “Ride and Earn” program aims to support the initiative by the Delhi Government and promote ride sharing in the city, thereby reducing the dual problem of congestion and pollution on Delhi NCR roads.”

About 360Ride:

Headquartered in Bengaluru, 360Ride is a ride-sharing platform for two wheelers, three wheelers and four wheelers. It’s real-time, ride-share technology platform enables users to share a ride on a car, bike, auto and taxi for travelling within the city, to the airport or intercity with verified users only. It takes pride in being the convenient, cost effective and safest; with its stringent verification process. Only verified users can post a ride on the ride-sharing platform. Founded in 2012, 360Ride is a start-up by first-generation entrepreneurs, Lokesh Bevara and Varaprasad Moida.