Electric two-wheeler startup Electriq raised undisclosed funds from Yamaha Motors

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Electric two-wheeler startup Electriq raised undisclosed funds from Yamaha Motors

Electric two-wheeler startup Electriq raised undisclosed funds from Yamaha Motors’ subsidiary Moto Business Service India (MBSI). It is the 14th investment made by MBSI this year (2022).

Electriq is an IT-based, web- and app-based platform for tracking electric vehicles and their drivers. It operates through both business-to-business and business-to-consumer channels. Prior to this, MBSI invested in Royal Brothers-bike India’s rental business, Rentelo, an electric startup, and Rapido, a ride-hailing startup, among others. MBSI has partnered with Electriq to launch 1250 electric scooters and 50 electric cycles in Hyderabad, Karnataka, using current fundraising. Yamaha also plans to manage 5,000+ electric vehicles in Hyderabad and other cities with Electriq this fiscal year, according to the startup.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Electric two-wheeler startup Electriq raised undisclosed funds from Yamaha Motors’ subsidiary Moto Business Service India (MBSI). It is the 14th investment made by MBSI this year (2022).

Electriq is an IT-based, web- and app-based platform for tracking electric vehicles and their drivers. It operates through both business-to-business and business-to-consumer channels. Prior to this, MBSI invested in Royal Brothers-bike India’s rental business, Rentelo, an electric startup, and Rapido, a ride-hailing startup, among others. MBSI has partnered with Electriq to launch 1250 electric scooters and 50 electric cycles in Hyderabad, Karnataka, using current fundraising. Yamaha also plans to manage 5,000+ electric vehicles in Hyderabad and other cities with Electriq this fiscal year, according to the startup.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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