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’ 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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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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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