4/11/2023 0 Comments My backup buddy charge time![]() ![]() We are also actively exploring the international market and aim to deploy the power bank rental solution at all prominent stores across India in the next three years,” informs Lodha. Currently, the Plugo kiosks are in about 500 locations and we plan to ramp up to 5000 locations within six months. ![]() “We are starting our services in Mumbai within a month. Kumar on the other hand has designed microcontroller based integrated systems for multiple hardware products and played a pivotal role in setting up global partnerships for electronic hardware sourcing. A lot of people showed a great amount of trust by subscribing to premium plans,” says Lodha An IIIT Bangalore pass-out, Lodha worked with Cisco for 11 years and has over 17 years of IT and entrepreneurship experience building products. Also, at this stage, there is hardly any abuse of the service. Many users pick from one location and drop in another. “We had the first-mover advantage and see an amazing traction and customer stickiness. More than 40 percent of Plugo customers are repeat users. People are really savvy in Bangalore and they are always willing to try new things,” says Lodha. I believe that we launched our service at the right time and in the right place. “The need for the service always existed. We do not track the power banks, but we can reach the user through the phone number,” says Lodha. When a user returns the power bank, the communication between the dispenser and the power bank sends the information to our server and the app that the user session is closed. “We do not have a tracking device inside the power bank. The nearest power bank terminal can be located through the Plugo app On the other hand, Plugo power banks have a firmware in-built which stores the identity and parameters of the power bank. The Plugo dispensers have 4G SIM cards and the startup has partnered with telecom providers to optimize the experience and also have the ability to downgrade to 2G where needed, as in the highest floors, indoors and other areas devoid of 4G or 3G coverage. The startup instead deploys a network of internet- connected vending machines to dispense power banks. “Most of the shared power bank services are designed in a way that if the power bank is not returned, 150 RMB gets deducted from the wallet,” says Lodha. One reason why the Chinese model would not work in India is because of the strong payment ecosystem in that country. ![]()
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