Yamaha Motor’s 2-Wheeler Asset Management Service company - Moto Business Service India (MBSI), has announced its first investment with the bike rental company Royal Brothers.
According to the press release from the company, new two-wheelers will be deployed on Royal Brothers’ rental platform on a revenue-sharing basis model.
Available to individuals and delivery executives, the company also aims to work with last-mile delivery platforms, especially with companies keen on deploying EV 2W/3W, the release added.
Shoji Shiraishi, Managing Director, MBSI, said, “We will onboard two wheelers 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 our stakeholders.”
Started its operations in March 2021, MBSI aims 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 release added.