Yamaha leasing co ties up with EV startup Fullfily

Yamaha Motors leasing company Moto Business Service India (MBSI) has announced its entry into the EV segment for two and three-wheeler asset management services by partnering with Fullfily, a Chennai-based EV vehicle company for last mile delivery services. The two companies have launched the partnership with 50 units of Omega Seiki Rage+ EV three wheelers and 200 units of Hero NYX electric two-wheelers.

“Yamaha plans to manage 2,000 more vehicles across Tamil Nadu with FullFily and other last mile delivery partners over the next few months,” the company said in a statement.

MBSI provides vehicle leasing and other support services for tech startup companies that focus on the shared mobility space in India. Over the past six months, MBSI has managed over 1,500 assets and plans to invest Rs 100 crore in vehicles they manage this year.

Shoji Shiraishi, MD, MBSI said, “ India is seeing rapid growth in sales of Electric Vehicles (EVs). We will continue to onboard electric vehicles across multiple cities and generate employment avenues.” As for FullFily, the partnership with MBSI will enable it “to increase footprint across Chennai”, Ashok Viswanathan CEO & founder - Fullfily said.

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