Yamaha Motors Enters 2-Wheeler EV Leasing Space In India

Yamaha Motors has begun leasing 2-wheeler electric vehicles in India, beginning in New Delhi. Its first capital investment is with Zypp Electric, which will launch 250 Hero Electric 2-wheelers in the city.

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Yamaha leasing company (MBSI) recently announced its entry into the country’s capital, New Delhi, with 2-Wheeler Asset Management Services via its Indian subsidiary, Moto Business Service India (MBSI), a mobility solutions company. MBSI offers its services to Indian tech startups focused on the shared mobility space.

The mission of MBSI is to increase the use of vehicles on shared/rental platforms, create job opportunities, and contribute to the improvement of people’s quality of life in India. The company aims to generate higher levels of employment for Indian youth, empower more women to earn a living, and support the business growth of mobility platforms with a keen focus on maintaining a cleaner and greener environment in the country, which is why the company is interested in the EV segment.

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MBSI will also look into opportunities to collaborate with last-mile delivery platformers, particularly those interested in deploying EV 2W/3W. The goal is to persuade the vast majority of businesses and delivery executives across the country to go electric.

Zypp Electric provides last-mile delivery services to leading E-commerce segments in logistics, groceries, food, and pharma, making delivery sustainable, attrition-free, and cost-effective. Zypp currently operates in Delhi-NCR and plans to expand to Mumbai, Bengaluru, Hyderabad, and Pune this year, with a fleet of 5,000 electric scooters. Every month, they add 1000-1500 E – vehicles to their fleet, with a goal of adding 1,50,000 EVs by 2024.

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