Electric VehicleIndia

Mahindra Electric and Zoomcar partner to promote the concept of shared mobility of electric cars in India

Mahindra Electric has announced partnership with Zoomcar, India’s self-driven car-rental company. Under the aegis of this strategic association, both companies will encourage and promote the concept of shared mobility of electric cars in India.

This partnership will enable individuals to buy the new all-electric Mahindra e2oPlus on ZAP, Zoomcar’s fractional car ownership program. The ZAP program allows individuals to purchase the e2oPlus on Zoomcar’s self-drive platform, list the vehicle on a dynamic basis whenever idle, get bookings from Zoomcar’s customer base and earn cash to help offset the monthly ownership costs (by sharing in the profit on a daily, weekly and monthly basis).

As an e2oPlus owner, this brings down the initial cost of acquisition for the vehicle. Through this program, the buyer can save as much as Rs. 15,000 per month. To start with, this program will be implemented in Bangalore, Delhi and Pune and will soon be launched in other cities as well.

Earlier this year, Mahindra Electric adopted a more aggressive stance in electric mobility by moving from being an electric vehicle manufacturer to a provider of next generation mobility solutions. In line with this, the company also underwent a change in nomenclature to Mahindra Electric Mobility Limited.

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