Yamaha enters electric 2-wheeler rental in Delhi with Zypp Electric

Yamaha Leasing Company (MBSI) has announced its entry into New Delhi with asset management services for 2-wheelers through its Indian company – Moto Business Service India, a mobility solutions company. The company provides services to tech startups that focus on the shared mobility space.

Yamaha Motors has invested in New Delhi with Zypp Electric and launched 250 Hero Electric two-wheelers in the capital. Zypp Electric provides last-mile delivery service to key e-commerce segments in logistics, grocery, food and pharmacy, making delivery sustainable, churn-free and affordable.

The company says it aims to increase the use of vehicles on shared/rental platforms, which creates jobs and helps improve the quality of life for people in India. MBSI will also explore opportunities to work with last mile delivery platforms, especially with companies looking to deploy 2W/3W EVs. The goal is to push a majority of businesses and delivery managers across the country to go electric.

Mr. Shoji Shiraishi, Managing Director of MBSI, said, “We are extremely excited to officially launch MBSI in New Delhi, starting our operations with Zypp Electric. The Indian EV mobility market is growing in line with the overall global trend and will witness rapid traction and growth for shared two-wheelers and four-wheelers in the EV segment. We will take electric vehicles to several cities and create employment opportunities for young Indians. We must create a scalable ecosystem that can meet all challenges and enable millions of businesses to adopt sustainable modes of transport. We plan to work with more eco-friendly mobility companies in the future and transform the global shared mobility space in India by bringing our financial and strategic experience to our stakeholders.

With a fleet of 5,000 electric scooters, Zypp currently has a presence in Delhi-NCR and plans to expand to Mumbai, Bengaluru, Hyderabad and Pune this year. They add 1,000 to 1,500 E-vehicles every month and plan to add 1,50,000 electric vehicles to their fleet by 2024. The company has partnered with e-commerce segments in logistics, Grocery, Food and Pharma such as Zomato, Swiggy, Zepto, Big Basket, Amazon, Flipkart, Myntra, PharmEasy, Jio Mart, Delhivery and Spencers to ensure sustainable last mile delivery in India. Zypp currently operates in Delhi-NCR and plans to expand to Bengaluru, Hyderabad, Mumbai and Chennai this year.

The Delhi government has been visionary in introducing a new policy that compels logistics companies and aggregators to go 100% electric by 2025. Electric vehicle charging stations are being built at a faster pace.

Yamaha enters electric 2-wheeler rental in Delhi with Zypp Electric

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