Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited, has signed MOUs with prominent Last Mile Mobility players for leasing over 1000 electric 3-wheelers.
The electric vehicle (EV) charging infrastructure is the backbone of electric mobility but given the chicken and egg situation of what should be implemented first, it is often also seen as one of the barriers to EV adoption in India given its limited availability and long charging times.
Eminent Indian-American philanthropist, cardiologist, and serial entrepreneur, Dr Kiran C Patel has committed over $ 15 million (Rs 120 crore) to Magenta EV Solutions with plans for additional future funding.