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News In Brief Auto

MBSI Steps into the 4-wheeler EV segment. 

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MBSI Steps into the 4-wheeler EV segment. 
23 Mar 2022
6 min read

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News Synopsis

According to a Press release, the Shared Mobility platform of Yamaha Motors, Moto Business Service India (MBSI) has entered into the 4-wheeler EV segment. It has partnered with sustainable energy-powered vehicle service firm Malbork Technologies. MBSI  basically offers services to tech startups that are focused on the shared mobility space in India. On the other hand, Malbork Technologies provides an app-based B2C taxi aggregator service in the city of Bangalore. Managing Director of MBSI, Shoji Shiraishi, in a statement, said: "We are excited to officially kick start our operations in the EV sector with Malbork. India is seeing rapid growth in sales of electric vehicles 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 1.4 billion Indians." Earlier, MBSI has also collaborated with bike rental company Royal Brothers. Mr. Shiraishi further added: "We will onboard electric vehicles across multiple cities and generate employment avenues. 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 our shareholders." Moto Business Service India while citing a report also informed that by the year 2025 the Indian electric vehicle market is estimated to be valued at USD 7.09 billion.

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