Vehicle leasing and subscription platform Quiklyz signs MOUs with 5 last mile mobility players

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Quiklyz, the vehicle leasing and subscription platform from Mahindra & Mahindra Financial Services Ltd., has signed a Memorandum of Understanding (MoU) with last mile mobility players for leasing over 1,000 electric three-wheelers. With this, Quiklyz plans to deliver these leased vehicles over the next six months, which will be distributed across India, thereby opening up new opportunities for leasing Electric Vehicles (EVs).

Mohammad Turra, Senior Vice President and Head, Quiklyz said, “We continue our commitment to provide innovative leasing solutions to popularize electric vehicles in India and are delighted to partner with leading players in the last mile space. With due consideration of the electric three-wheelers segment and increasing focus on green mobility, it will be our constant endeavor to work closely with stakeholders in the sustainable mobility space.

MoUs have been signed with Mahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd, Creativity at Best Technologies Pvt Ltd, Magenta EV Solutions Pvt Ltd and Terago Logistics Pvt Ltd. According to the company, three-wheeler electric vehicles will be used. Mainly for distribution and logistics purposes.

“India’s transition to EVs has accelerated in the last few years which has given a big boost to the Indian EV financing ecosystem. With these recent partnerships, we aim to be an early adopter of this disruptive technology, contributing to India achieving its goal of becoming carbon-neutral by 2070,” said Raul Rebelo, COO, Mahindra Finance.

Quiklyz claims to have provided leasing solutions to over 1,000 electric vehicles, including passenger vehicles and three-wheelers, in the last 12 months. It has partnered with more than 15 electric last mile mobility delivery companies and several electric mobility providers since its inception. The platform claims that it has taken electric vehicles on lease in several cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune, Noida, Gurugram, Indore and Nagpur.

Read also: Kalaari Capital and Climate Angels invest in battery technology start-up Clean Electric

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