SillyWaffle

Anyone heard of eBikeGo?

This company called eBikeGo is offering a very rewarding IRR on their investment.

You invest 5L (minimum) for 5 EV bikes that they will lease to delivery players on your behalf and get monthly rental. 18,000 total paid every month for 4 years + 10% scrap value after 4 years

You make 3.6% monthly and Gross XIRR is around 40%

I believe its too good to be true and seems like a scam, have tried to speak with the team and they seem okay but haven’t connected me with their existing investors.

The company has raised 7 million so the business is a bit legit. But something seems off, any fellow GV users who can share any feedback?

Delhi EV founders, please help!

3mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

SillyWaffle

Cred3mo

Requesting people to like and comment so that it reaches maximum audience

JazzyMarshmallow

flobiz3mo

Plot twist Mrfuturistic doesn't work in Cred, instead he is the founder of eBikeGo looking to create buzz for his start-up

SillyWaffle

Cred3mo

Hahaha good plot, but that’s not the case. If you see the comments - I myself believe its too good to be true, probably a scam

SillyPenguin

Salesforce3mo

Worth checking out

https://www.reddit.com/r/IndiaInvestments/comments/1dsn9fw/ebikegocom_thoughts_on_investing_in_this_evehicle/

SillyWaffle

Cred3mo

I read this reddit thread as well

BouncyKoala

Student1mo

Solid Experience with EBG Rentals – Ignore the Noise

I initially invested ₹5,00,000 with EBG Rentals a year ago and have been receiving a consistent monthly return of ₹17,200, calculated at ₹3,440 per bike for 5 bikes. The payouts have been timely and transparent, without a single delay.

Post-November, I reinvested ₹10 Lakhs and now receive ₹37,000 monthly (₹3,700 per bike). The process was smooth, and communication has always been clear. I’ve even referred a couple of friends who have invested in other segments offered by EBG.

To those trying to spread baseless negativity — please don’t mislead others with unfounded comments. Let genuine investors speak from real experience, not speculation. This is a legit platform for passive income if you do your due diligence.

BouncyPotato

Stealth28d

Thanks for sharing your experience.

Since this involves money, would you be open to sharing anything that could give others more confidence in the legitimacy of the deal? Maybe the agreement you signed or a snapshot of the monthly payments you've received or anything more?

PerkyCupcake

Amazon3mo

I would never invest in it. Shelf life reduces drastically because of heavy usage plus wear and tear.

People at Yulu tell me the scooter barely works for ~2y, i would stay away from it. If the model was lucrative they would have raised debt funding; lots of players in market who're ready to lend money on such XIRR

SillyWaffle

Cred3mo

Similar concerns in my mind, I have spoken to folks who said 2W EV life is even lower which is used for delivery usecases.

What’s the interesting point you have brought forward is the debt funding piece, if they are good, they should have been able to raise debt funding at much cheaper IRRs so probably its not working out and thus asking individuals to put their money in this!