EaseMyTrip.com, the travel booking platform, announced its entry into the electric bus manufacturing sector through its newly formed subsidiary, Easy Green Mobility. The company plans to invest ₹200 crore over the next 2-3 years in research and development, product innovation, and building a manufacturing facility.
Easy Green Mobility will focus on producing electric buses, with its sister company YoloBus acting as the operational arm. The Indian electric bus market is projected to grow at a compound annual growth rate (CAGR) of 24% between 2024 and 2030, according to the company. This move aligns with EaseMyTrip’s strategy to tap into the rising demand for electric vehicles in India.
Co-Founder Rikant Pitti emphasized that the market for electric buses is expected to reach between 1,25,000 and 1,50,000 units annually within the next decade. He highlighted the potential for local production, aiming to create a fully ‘made-in-India’ product that would meet growing domestic demand. Pitti also noted that this step will support the company’s goal of expanding beyond the air travel business and gaining a foothold in the rapidly growing electric vehicle and e-mobility market.
EaseMyTrip.com is a leading Indian online travel agency founded in 2008 by brothers Nishant Pitti and Rikant Pitti. The company offers a comprehensive range of travel services, including flight bookings, hotel reservations, bus tickets, holiday packages, and ancillary travel needs.
Known for its competitive pricing and a no-convenience-fee policy, EaseMyTrip.com has established itself as a preferred platform for travelers seeking cost-effective solutions. In March 2021, the company made its debut on the Indian stock exchanges with a successful initial public offering (IPO), further solidifying its position in the travel industry.
With a strong focus on customer satisfaction and technological innovation, EaseMyTrip.com continues to expand its services both domestically and internationally, catering to the evolving needs of modern travelers.
