Rental startup Tilt that provides EV and bicycle bike-share, has raised $125,000 from Y Combinator and an additional undisclosed round from a set of angels. The company focuses on mobility within campuses and works with Tata Motors, TCS, Mahindra Group, and Tata Steel.
Users can sign up on the Tilt app, find a bike station within their campus, and get a ride in a minute. It's docking hardware is patent-pending and developed in-house by its team. The startup charges a fee based on the duration of their ride. In some campuses, the administration chooses to subsidise a part of this fee for employees and residents.
"Over the last year, our business model and product have rapidly evolved to more aptly address the needs that our customers have. Having just raised a pre-seed round to kickstart our growth, our revenue numbers are currently undisclosed," says Deepak V S, founder of Tilt.