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India

Yamaha’s MBSI Forays Into Two-Wheeler Leasing

Yamaha’s mobility solutions subsidiary, Moto Business Service India (MBSI) announced its India operation with 2-Wheeler Asset Management Services in New Delhi. The company’s first investment is with Zypp Electric, a last-mile delivery service, with the launch of 250 Hero Electric two-wheelers in New Delhi.

MBSI’s gameplan is to increase the usage of vehicles on shared/rental platforms, create employment opportunities, and contribute to improving people’s quality of life in India, the company said in a press note

Shoji Shiraishi, Managing Director, MBSI says, “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 EVs segment. We will onboard EV vehicles 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.“

Zypp is currently present in Delhi-NCR with a fleet size of over 5,000 electric scooters, and plans to expand to Mumbai, Bengaluru, Hyderabad, and Pune in 2022.

Akash Gupta, Zypp Electric, co-founder and CEO added, “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.”