Motor Company has announced a strategic partnership with Rapido, India’s
leading on-demand delivery and mobility platform by signing a Memorandum of
Understanding (MoU). As part of the MoU,
TVS Motor and Rapido will look to collaborate by leveraging synergies of their
respective businesses in the fast-moving mobility market in India.
by an increasingly urban population with ready access to smartphones and
increasing penetration of e-commerce and on-demand services across India, the
hyperlocal mobility segments bike-taxi, auto-taxi, and delivery has experienced
a significant boom and now represents a potentially USD 15billion opportunity.
signing this MOU, TVS Motor and Rapido are bringing together their strength in
mobility and seamless technology platform, respectively, to deliver a winning
proposition to this demanding user base. This comprehensive partnership will
cover both two-wheeler and three-wheeler vehicles and extend across ICE and EV segments.
parties will also look to leverage the learnings from the collaboration to
enhance the product usage experience of the Rapido Captain and Rider base
through delivery of improved overall journey experience in the form of better
product forms, credit and financing solutions, and other use cases delivered
via technology innovations.
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