Japanese bicycle maker and Indian startup partner launch electric scooter

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Drivezy and Yamaha team up to launch Yamah’s EC-05 in India

Yamaha is also one of the investors of Drivezy

Drivezy is currently exploring ways to create a charging infrastructure for electric scooters.

Drivezy, a Bengaluru-based car rental company and one of its investors, Yamaha Motor Co, are teaming up to launch Yamah’s premium electric scooter, the EC-05, in India.

The EC-05 was recently launched in Taiwan and could be available in India as early as November.

Launched in June, the EC-05 was born out of a collaboration between Yamaha and Taiwanese company Gogoro Inc, a company that has built its own electric scooter as well as a network of charging stations. Designed by Yamaha, the EC-05 is built using Gogoro’s production vehicle platform.

The futuristic scooter relies on a network of 1,300 battery exchange stations called GoStations in Taiwan. It is not clear if Drivezy will reproduce them in India.

“We are setting up a separate electrical subsidiary and will be raising around $ 20 to $ 25 million for it,” said Drivezy CEO Ashwarya Pratap Singh. Forbes India. Real estate being prohibitive in Indian subways, Drivezy may be looking to innovate through partnerships with companies to share real estate.

Drivezy was founded in 2015 by Ashwarya Pratap Singh, Hemant Kumar Sah, Vasant Verma, Abhishek Mahajan and Amit Sahu. Drivezy offers a peer-to-peer bicycle and car sharing service. Currently, Drivezy is present in 11 cities with a fleet of 4,000 cars and 15,000 scooters.

The platform allows individual vehicle owners to list their inactive cars, motorcycles and scooters and earn money by leasing the vehicles to customers. Customers can rent a car or two-wheeler from Drivezy by the hour, day, week and month.

SoftBank and e-commerce giant Amazon are said to be in talks to lead a $ 100 million (INR 690 Cr) funding round in the Bengaluru Drivezy-based car-sharing marketplace.

Drivezy is looking for fresh funds to expand its fleet across the country and also to penetrate foreign markets.

Currently, it competes with other taxi aggregators and ride-sharing startups like Ola, Uber, Bounce, LetsRide, PoolCircle, ZoomCar, Carzonrent, Wunder, and Ryde, among others.

Drivezy was part of the 2018 edition of the most coveted list of India’s most innovative startups – 42Next by Inc42.


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