Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), signed MoUs with prominent last mile mobility players for leasing over 1000 electric three-wheelers (3W). The company plans to deliver these leased vehicles over the next six months across India thereby opening up newer opportunities in EV leasing.
The MOUs have been signed up with Mahindra Logistics Ltd, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd. and, Terrago Logistics Pvt Ltd. The signing was done on the sidelines of the launch of Mahindra Electric’s Zor Grand in Bengaluru recently. The three-wheeler electric vehicles will be used primarily for delivery and logistics purposes.
Mr Raul Rebello, COO, Mahindra Finance, said, “India’s transition to EV has accelerated in the last few years which has given a major boost to the Indian EV financing ecosystem. With these recent partnerships our aim is to be early adopters of this disruptive technology, our way of contribution in India achieving its goal of becoming carbon-neutral by 2070.”
Mr Mohammad Turra, Senior VP & Head, Quiklyz, said, “We continue to deliver on our commitment in providing innovative leasing solutions to popularize electric vehicles in India across segments and are delighted to partner with leading players in last mile space. With due consideration to the growing electric three-wheeler segment and the increasing focus on green mobility, it will be our continuing endeavour to work closely with stakeholders in the sustainable mobility space.”
Quiklyz has already provided leasing solutions to over 1000 electric vehicles over the last 12 months including passenger vehicles and three-wheelers. it has partnered with more than 15 electric last mile mobility delivery companies and several electric mobility providers since its inception. The platform has leased electric vehicles across cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune, Noida, Gurugram, Indore and Nagpur.