Motor Moto Business Service India (MBSI) announced its entry into the EV
segment for 4 - wheeler asset management services by partnering with Malbork, a
Bangalore based all electric sustainable energy powered vehicle service
provides services for tech startup companies that focus on the shared mobility
space in India. Their first investment was with Royal Brothers, India’s leading
bike rental company. This is their second investment in the past quarter.
mission is to increase the usage of vehicles on shared/rental platforms, create
employment opportunities, and contribute towards improving people’s quality of
life in India. The company aims to generate higher levels of employment for the
Indian youth, empower more women to earn their livelihood and to support the
business growth of mobility platforms with a keen focus on maintaining a
cleaner and greener environment in the country.
As per recent industry reports published,
India’s electric vehicle market (EV) is estimated to emerge as a $7.09 billion
opportunity by 2025. Furthermore, the Indian government is also formulating new
measures to achieve 100% electric vehicle mobility by 2030. In fact, the Indian
EV market is anticipated to witness a robust CAGR growth of 42.38%. Such
positive developments in the Indian EV industry make for a vast pool of
opportunities for foreign investors such as MBSI who are willing to expand
their business in the country.
will also procure EVs which in turn will be deployed on taxi platforms such as
Malbork. These vehicles are taken on rent by cab drivers, individuals and
delivery executives at an affordable monthly lease value, which in turn ensures
regular income and the agenda of creating employment. MBSI will also explore
the opportunities to work with last mile delivery platformers, especially with
the companies who are keen on deploying EV - 2W/3W/4W.
Shiraishi, Managing Director, MBSI said, “We are extremely excited to
officially kick starting our operations in the EV sector with Malbork. India is
seeing rapid growth in sales of Electric Vehicles (EVs) as travelers rush to
switch from gasoline-powered vehicles due to the rising cost of fuel.
Additionally, there are key signs of momentum in this key potential market of
1.4Billion Indians. We will onboard electric vehicles across multiple cities
and generate employment avenues for the youth of India. We plan to work with
more mobility companies in the future and to transform the overall shared
mobility space in India by bringing our financial and strategic experience from
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