TVS Motor Company Signs MoU With Rapido
Kolkata, April 27: TVS Motor Company has announced a strategic partnership with Rapido on Wednesday by signing a Memorandum of Understanding (MoU).
Both the companies will look to collaborate by leveraging synergies of their respective businesses in the fast-moving mobility market in India, a media statement said here on Wednesday.
By signing this MOU, the companies are bringing together their strength in mobility and seamless technology platform, respectively, to deliver a winning proposition to this demanding user base.
This comprehensive partnership will cover both two-wheeler and three-wheeler vehicles and extend across ICE and EV segments.
Both parties will also look to leverage the learnings from the collaboration to enhance the product usage experience of the Rapido Captain and Rider base through delivery of improved overall journey experience in the form of better product forms, credit and financing solutions, and other use cases delivered via technology innovations.
”This association will help us strengthen our capabilities and expand our electric bikes fleet. The ultimate objective is to help millions of more Indians commute through an affordable, comfortable, convenient and safe alternative mode of transport,” said Aravind Sanka, Co-Founder at Rapido.
