Yamaha has Started Leasing Electric Scooters in India

A last-mile delivery service will lease 250 Hero Electric e-scooters from the bike manufacturer.

In a recent interview with Eishin Chihana, chairman of Yamaha Motor India, we learned that the Japanese company is working on an e-scooter for the Indian market based on its Neo electric scooter, which is currently available in other markets. While that may be a while off, the company’s vehicle leasing subsidiary, Moto Business Service India (MBSI), has just started leasing vehicles in India.

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The first investment was in 250 Hero Electric e-scooters, which will be delivered to Zypp Electric, a last-mile delivery service. These e-scooters will be used in the first phase of MBSI’s operation in Delhi, where Zypp is most active. In 2022, the delivery service will expand to Mumbai, Bengaluru, Hyderabad, and Pune, using 5,000 scooters.

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“The Indian electric vehicle mobility market is growing in line with the overall global trend,” says Shoji Shiraishi, managing director of MBSI, “and will see rapid traction and growth for shared two-wheelers and four-wheelers in the EVs segment.” We will onboard electric vehicles in multiple cities, creating job opportunities for India’s youth. We need to build an ever-evolving ecosystem that can address all challenges and allow millions of businesses to adopt sustainable transportation options.”

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