Yamaha Motors enters e-2W leasing with Zypp Electric – ET Auto

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New Delhi: Yamaha Motors Group recently announced its entry in electric two wheeler leasing with two wheeler asset management services through its mobility solutions company Moto Business Service India (MBSI).

MBSI provides its services for tech startup companies that focus on shared mobility space in India. Their first investment in New Delhi is with last mile delivery startup Zypp Electric with 250 Hero Electric two-wheelers in New Delhi.

Shoji Shiraishi, Managing Director, MBSI said, “We are extremely excited to officially launch MBSI in New Delhi, by kick-starting our operations with Zypp Electric. The Indian electric vehicle mobility market is growing in line with the overall global trend and will see rapid traction and growth for shared two-wheelers and four-wheelers in the EV segment.”

“We will onboard EVs across multiple cities and generate employment avenues for the youth of India. We need to create an evolving ecosystem that can address all challenges and enable millions of businesses to adopt sustainable modes of transport. We plan to work with more environment friendly mobility companies in the future and to transform the overall shared mobility space in India by bringing our financial and strategic experience from our stakeholders,” he said.

Akash Gupta, Co-Founder & CEO, Zypp Electric said, “We are on a mission to build the largest full-stack asset-light, tech-enabled shared electric mobility (eMaaS) platform that will help in making last-mile delivery affordable and sustainable. We are delighted to be partnering with Yamaha group’s company – MBSI.”

“This partnership will provide us with the feasibility to deploy specification-based custom scooters for our last-mile delivery requirements with our proprietary IoT Tech support. The confidence in Zypp’s business model from the Japanese auto giant is a testimony of our large-scale disruption and will further play a significant role in achieving zero-emission in last-mile delivery by 2025,” he said.

With a fleet size of 5,000 electric scooters, Zypp is currently present in Delhi-NCR and plans to expand to Mumbai, Bengaluru, Hyderabad, and Pune this year. The company is adding 1000-1500 EVs every month with plans to add 1,50,000 EVs to their fleet by 2024.

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Under the partnership, Grip will finance 1,000 units of electric three-wheelers Rage+ Rapid of Omega Seiki Mobility. Presently, both the companies will expand this partnership to lease a minimum of 5,000 electric vehicles by the end of 2023.

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