Smart E-Bike Battery Rental Global Market Report 2025

The smart e-bike battery rental market size has grown rapidly in recent years. It will grow from $0.36 billion in 2024 to $0.43 billion in 2025 at a compound annual growth rate (CAGR) of 19.6%. The growth during the historic period can be attributed to increasing urban population density, rising traffic congestion, growing reliance on affordable mobility options, higher volume of e-commerce deliveries, and greater availability of lightweight and portable battery packs.

The smart e-bike battery rental market size is expected to see rapid growth in the next few years. It will grow to $0.87 billion in 2029 at a compound annual growth rate (CAGR) of 19.3%. The growth projected for the forecast period can be linked to the expansion of smart charging infrastructure, rising corporate sustainability targets, growth in logistics and delivery startups, increasing demand for AI-powered predictive battery management systems, and greater cross-sector collaborations. Key trends in the forecast period include the expansion of urban shared mobility ecosystems, adoption of subscription-based rental models, integration with smart mobility platforms, growing use of blockchain for rental and payment security, and deployment of cloud-based battery monitoring systems.

The rising fuel prices are expected to drive growth in the smart e-bike battery rental market. Fuel costs are increasing mainly due to higher global crude oil prices, which directly raise the base cost of petrol and diesel. As crude oil becomes more expensive, consumers face higher overall fuel expenses. Smart e-bike battery rentals reduce reliance on petrol and diesel by promoting cleaner electric mobility, lowering fuel demand, and helping stabilize prices by easing pressure on traditional energy sources. For example, in March 2025, the Competition and Markets Authority, a UK-based government department, reported that average petrol and diesel prices increased from 134.4 ppl and 139.7 ppl in 2024 to 139.6 ppl and 146.8 ppl, respectively. Hence, rising fuel prices are supporting the growth of the smart e-bike battery rental market.

Key companies in the smart e-bike battery rental market are focusing on technological innovations such as solar-powered e-bike charging systems to improve battery efficiency and user convenience. Solar-powered bicycle charging systems use sunlight to generate electricity for charging e-bike batteries, converting solar energy directly into power and reducing dependence on traditional electricity sources. In October 2024, Beam Global, Inc., a US-based technology and manufacturing company, launched BeamBike, offering eco-friendly solar-powered charging solutions for electric bicycles. The system features a fully solar-powered charging setup, a compact and modular design for easy urban installation, and smart energy management to efficiently store and distribute power for e-bike users.

In August 2025, Wardwizard Innovations & Mobility Limited, an India-based electric vehicle manufacturer, partnered with Upgrid Solutions Private Limited to deploy battery-swapping stations at dealerships. This partnership aims to boost EV adoption and expand battery-swapping infrastructure. Upgrid Solutions Private Limited, based in India, specializes in battery-swapping networks for electric vehicles, including two- and three-wheelers, and offers a battery-as-a-service model.

Major players in the smart e-bike battery rental market are Gogoro Inc., Yulu Bikes Private Limited, Nucleus Energy Private Limited, Bycyshare Technologies Private Limited, Sun Mobility Private Limited, Reddy Automotive Private Limited, Zoomo Pty Ltd, Bounce Electric 1 Private Limited, Swobbee GmbH, Upgrid Electrilease Private Limited, Whizz Ev Mobility Private Limited, CYCLE Mobility Holding GmbH, Spiro, Selex Smart Electric Vehicles Joint Stock Company, Oyika Pte. Ltd., Honda Motor Co. Ltd., Tecso Charge Zone One Private Limited, Guangzhou Tycorun Energy Co. Ltd., Hello Inc., Popwheels Inc.

Europe was the largest region in the smart e-bike battery rental market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart e-bike battery rental report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The smart e-bike battery rental market research report is one of a series of new reports that provides smart e-bike battery rental market statistics, including smart e-bike battery rental industry global market size, regional shares, competitors with a smart e-bike battery rental market share, detailed smart e-bike battery rental market segments, market trends and opportunities, and any further data you may need to thrive in the smart e-bike battery rental industry. This smart e-bike battery rental market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart e-bike battery rental is a service model that provides users with access to advanced, swappable, and connected e-bike batteries on a rental basis. This service allows riders to conveniently replace or recharge batteries at designated stations, enabling extended travel without interruptions.

The primary service models of smart e-bike battery rental include subscription-based, pay-per-use, and lease options. A subscription-based model allows users to rent and access e-bike batteries on a recurring basis instead of owning them outright. The batteries offered include types such as lithium-ion, lead-acid, and others, with capacities ranging from below 500 Wh, 500-1000 Wh, to above 1000 Wh. Distribution channels are available both online and offline, serving a wide range of users, including individual riders and commercial or shared mobility operators.

The countries covered in the smart e-bike battery rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart e-bike battery rental market includes revenues earned by entities from battery rental services, battery swapping services, subscription plans, battery charging services, battery health monitoring, and related products such as swappable lithium-ion battery packs (modular), smart battery management system (BMS) modules, docking or charging stations with lockers, battery rental kiosks or payment terminals, and battery health diagnostic and service tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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