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TVS Motor partners Rapido to Expand Reach in Mobility

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TVS Motor partners Rapido to Expand Reach in Mobility
28 Apr 2022
4 min read

News Synopsis

TVS Motor Company announced that it will form a strategic partnership with the on-demand delivery and mobility platform Rapido to collaborate in areas of mutual interest and the commercial mobility ecosystem.

As part of a Memorandum of Understanding (MoU) signed between the two companies, TVS Motor and Rapido will seek collaboration to leverage the synergies of their businesses in India's rapidly changing mobility market, the company said in a statement. 

The two companies will combine mobility strengths with a seamless technology platform, and the partnership will cover both motorcycles and tricycles and span the ICE (internal combustion engine) and EV (electric vehicle) segments.

Rapido Co-Founder Aravind Sank said added that Rapido aims to bridge the gap between Tier II and III, along with India's daily first- and last-mile commuters, beyond the metro cities.

TVS Motor Co said the partnership with Rapido is in line with the previous announcement to expand its portfolio of 5-25kW motorcycle and tricycle appliances, with the goal of launching everything by mid-2023. 

The company said it aims to expand its presence in TVS iQube electric scooters in all major cities in India while offering electric vehicles in segments such as delivery, commuting premium, high-performance sports, and electric three-wheelers.

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