TVS Vehicle Mobility, a group firm, will reportedly invest up to Rs 1.5 billion in the acquisition of these electric two-wheelers. myTVS Managing Director, G. Srinivasa Raghavan, shared that there is an opportunity in electrifying 10 lakh vehicles within the next 5 to 10 years in the e-commerce sector, but the immediate goal is to deploy at least 10,000 vehicles by March. He confirmed that all 10,000 vehicles would be electric two-wheelers and mentioned that the first rollout had already started with 250 electric two-wheelers and around 50 light commercial vehicles (LCVs).

Raghavan expressed confidence in the new venture, stating that the company is well-positioned to capitalise on the significant opportunity in the electrification of e-commerce vehicles over the coming years. He added that their MaaS platform had been designed to cater to both personal mobility and fleet customers, focusing on efficiency and sustainability.

Vikas Mishra, CEO of MoEVing, noted that the launch of the MaaS platform addresses a critical market need, offering a comprehensive solution. He highlighted that by leveraging myTVS' extensive network and technology, the collaboration would enable improved customer service while expanding their national presence.