Piaggio Vehicles, startup City Link Portal join hands for electric vehicles business
Piaggio Vehicles Pvt Ltd (PVPL) and Bengaluru-based city logistics startup City Link Portal have joined hands for the auto maker's electric vehicles business, a release said on Monday.
Piaggio Vehicles Pvt Ltd (PVPL) and Bengaluru-based city logistics startup City Link Portal have joined hands for the auto maker's electric vehicles business, a release said on Monday.
PVPL is a wholly-owned subsidiary of the Italian Piaggio Group and a major player in the domestic small commercial vehicles space. City Link is rapidly evolving in EV last mile space and making quick strides in amassing a sizeable EV portfolio.
See Zee Business Live TV Streaming Below:
“Piaggio is proud to contribute to City Link's Think Green Think EV initiative by providing Ape' Electrik range of vehicles. We are confident that our technology will enable City Link in providing sustainable, efficient & lower operating cost goods delivery solutions to its customers,” Saju Nair, EVP-CV business, PVPL said.
Puneet Prakash, Co-founder and CEO, City Link said the association with Piaggio holds immense value for the company. "Though we had projected a number of 100 EVs at launch, with Piaggio we are confident to increase our EV range multi-fold within this financial year itself,” he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Tata Motors, Muthoot Finance and 3 more: Axis Direct recommends buying these stocks for 2 weeks; check targets, stop losses
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
03:09 PM IST