Pakistani Startup

1. A BICYCLE SHARING SYSTEM
ADAPTED BY SIR MUHAMMAD ALI KHAN

2.  JAHANZAIB RASHID
 MOAZAM HUSSAIN
 MEHWISH
 JOTI KUMARI
 MEMONA KHAN

3.  ABSTRACT
 INTRODUCTION
 BACKGROUNG
 DEVELOPMENT
 DISCUSSION
 CONCLUSION
 RECOMMENDATIONS
 REFERENCES

5.  CYKIQ, a Pakistani bicycle-sharing startup.
 It is a dock-less system to connect places in a closed
community.
 It involves renting the nearest CYKIQ bicycle you can find
using your smartphone.
 It is just like looking for a ride on Uber or Careem.
 Cashless payments make the process swift and handy.
 The whole process takes place using an app on your
smartphone.

7.  Started by Hamza Afridi, an engineer-turned-entrepreneur
and the CEO of CYKIQ.
 Ans Shahzad, the COO — responsible for the day-to-day
operations.
 Ammar Tariq, the CCO — handles marketing and planning.
 Senam Khan, responsible for the design and the legalities.

8. From Left to Right: Ans Shahzad, Ammara Tariq, Hamza Afridi, Senam Khan

9.  CYKIQ gives the control to move anytime, anywhere without
wasting a second in walking or finding a ride.
 Its equipped with cashless payments to avoid the hassle of cash
or caring to pay every time.
 Mission is to lessen the use of combustion engines for short
distance in closed communities to make them livable for people
rather than automobiles.
 “We wanted to roam around campus without having to buy a
car or even a bike,” shared Ans Shahzad, one of the co-founders
of the startup.
 Cykiq is one of the Pakistani startups that are laser-focused to
solve local challenges and understand their niche well.

11.  Cycles are parked at locations called Preferable locations.
 These locations and cycles can be found using the companion application.
 When you have reached your destination, either park the cycle at the nearest
preferable location or at an accessible location where other users can find it.
 CYKIQ application is armed with digital wallets that charge based on distance
and time.
 The user has to embed his digital wallet with the app to use the service.
 The wallet can be juiced up from nearby merchants.

14.  CYKIQ was founded a couple of years ago by a group of friends from NUST
Islamabad.
 NUST’s main campus spread over 700 acres, commuting has been a hectic
activity for the students and staff at NUST, Islamabad.
 While looking for a solution, they came across the concept of bicycle-sharing. A
thriving economy in many other countries like China, England, France and
more, the system has really caught on and is now considered a really big
market.
 Once the co-founders arrived at the solution, they started working right away
and launched a public survey to measure the response of their target market.

16.  The testing phase of the project kickstarted with two stations and 10 cycles:
1. One station was located near the hostel.
2. The second was deployed near one of the departments.
 15-minute walk distances were reduced to a cycle ride of 3 to 4 minutes.
 But It was very limited for a campus that houses 5000 residents and has a
daily footfall of 12000 day-scholars, staff members, and visitors.
 Each month, approximately 20 users were sharing the 10 cycles.
 Cykiq decided to add more cycles to the system but they abandoned the idea
of building more stations.
 In four months, they had increased the number of cycles from 10 to 30 and
eventually scaled up to 50 bikes in five months. During this time, the system
was working manually.

18.  They discovered that 60 percent of their user base
comprised of female riders.
 Moreover, the service became popular amongst the blue
collar staff who did not hitchhike and usually walked the
distances.
 Meanwhile, summer vacations had arrived and they were
not expecting much traction. Turned out, they were
overbooked for entire summer as the residents preferred
to ride a bike in heat than cover distances by foot.

21.  Cykiq decided to manufacture its own unisex bicycles.
They partnered up with the oldest and top cycling
manufacturers in Pakistan, Sohrab.
 Cykiq provided the designs to Sohrab and 100 cycles were
locally manufactured in Lahore. By December 2017, Cykiq
had 150 cycles in its fleet.

23.  Initially, Cykiq began with a docking system which was
designed by its own team and locally manufactured by
them.
 The problem with a docking-based sharing system is that
it is a huge waste of resources and is also more
problematic for users as they can’t leave the cycle at a
place convenient to them.
 The team moved away from docking stations and
employed a non-docking model.
 In such a model, all the technology exists on the cycle
itself.

24. DOCKING SYSTEM
The docking system has specified
stations where users have to
unlock a bike from a source
station to ride which could later
be parked at a destination
station only. But it is a huge
waste of resources and is also
more problematic for users who
can not leave the cycle at a
place convenient to them.
The bike sharing system is commonly specified
into two types:

25. DOCK-LESS SYSTEM
In Dock-less system all technology is
mounted on the bike and lock. It
also provides increased convenience
for users as they are not bound by a
location to pick and drop their rides.
This non-docking model is also
capital intensive as compared to
building entire stations.

26. CYKIQ’s cycles are custom-made,
unisex and designed for public use.
They are more robust and durable than
normal cycles. The seat is adjustable
but can’t be pulled off. They use solid,
airless tires which won’t go flat. Even
the screws used in the cycle are such
that they can’t be opened easily. They
use Bluetooth locks that directly
connect to your smartphone to track
your ride. The locks themselves are
charged using solar panels built right
into the cycle.

27.  With the new model, Cykiq also introduced a
companion mobile application
for Android and Apple users to access the bikes.
 They could scan the QR code and the lock would
pop upon. The bicycles can also be tracked with
the app and smart locks. The locks have been
designed in-house, but with the limitations of
local manufacturing, Cykiq is getting them
manufactured from China.

28.  Integrated SimSim wallet and EasyPaisa but
received a backlash from their users to add another
app for using the service.
 Therefore, Cykiq decided to introduce their own
wallet, CyWallets.
 The wallet could be charged from any cafeteria at
the campus, providing ease and convenience for
the users on campus.

29.  You can rent a cycle on the go for Rs.15 for 60 minutes. The
clock starts ticking as soon as you unlock the cycle till you lock
it. They also offer daily, weekly and monthly packages. Most
users prefer buying packages as it can bring the price down to
nearly Rs.5 per half an hour for monthly packages.
 There is also a weekly package starting from PKR 150 and
monthly packages range from PKR 300 – 500.

30. Using CYKIQ is very easy. Here’s how it works:
Download the CYKIQ app from the Play Store and register yourself.
Open the app and locate the nearest bicycle.
Tap on the bicycle icon to get directions.
When you find your bicycle, scan the QR code on the bicycle.
Once unlocked, ride your bike to your destination. Ride safe!
Park the bicycle at the preferred locations.
Lock the bicycle by sliding the lock and your trip details will pop up on your APP.
Enjoy the rest of your day knowing you saved your time, money and the planet.

31. Here’s how it looks:

33.  Since December 2017, Cykiq rides have completed over 10,000
kilometers of distance. The Cykiq app has been downloaded almost 3000
times. The app has daily users ranging from 150 – 200 bike-hailers.
 They kickstarted with personal funds and later secured a seed fund but
now they are tapping avenues beyond the country to secure funding.
 They have recently signed a franchise deal with Ghulam Ishaq Khan
Institute (GIKI). If they sell three more franchises, the startup will
become cash positive.
 The startup has also opted for China to get custom made cycles that are
sturdier for public use.
 They will also be launching a feasibility study for the University of
Karachi.

35. Shehzad believes, the restriction of ride-hailing services entering the
campus and need of short distance commuting, academic institutes
provide a niche for Cykiq. Therefore, the startup has been exploring
other avenues across universities of KPK, Punjab, and Sindh. They also
acknowledges that public universities definitely have the need but lack
of funds may restrict them from adopting such solutions. Therefore,
Cykiq is also looking for commercial partnerships that will be able to
deploy the solution beyond universities.
Next, they have planned to expand their services in Peshawar University
and every large University and then launch their cycles for public use.
Therefore Cykiq is also aiming to foster partnerships with the
government.

37.  They should explore the same services in NED UNIVERSITY OF
ENGINERING AND TECHNOLOGY.
 Bicycle is the most suitable, affordable and environment-friendly
solution for the students and public of Karachi City.
 Karachi is the biggest city of Pakistan have more traffic that waste
a lot of time even to go the nearest place.
 Bicycles will work on ‘sharing model’ which will help in their
maximum utilization.

38.  “Bicycle sharing seemed like the most feasible solution to our
problem,”
 Bicycle sharing looks like a really promising thing and if CYKIQ
has its way, we could soon see it spread throughout the country.
 Not only did it give them the freedom of going about as they
liked, but also allowed them to save a lot of money for short-
distance commutes. So, CYKIQ came into being as a bicycle
sharing startup that used a system of stations where bicycles
were placed and could be rented using an app.

39.  http://www.nust.edu.pk/INSTITUTIONS/Directortes/TIC/TIC%20Startups
/Pages/CYKIQ.aspx
 https://www.facebook.com/cykiq.official/
 https://propakistani.pk/2018/06/02/cykiq-is-the-uber-for-bicycles-you-
never-knew-you-needed/
 https://play.google.com/store/apps/details?id=com.cykiq.cykiq&hl=en
 https://www.techjuice.pk/cykiq-a-pakistani-bike-sharing-startup/
 https://www.youtube.com/watch?v=xQ1fWpaeUSI
 https://www.youtube.com/watch?v=yDuji0blpUM
 https://pk.linkedin.com/company/cykiq-technologies