Quiklyz Is Planning To Expand Its Presence In Electric Mobility Leasing Market

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A file photo of Quiklyz company's logo
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Quiklyz is the new-age vehicle leasing business and subscription company of Mahindra & Mahindra Financial Services Limited. Quiklyz announced its plans to expand in the electric mobility leasing market. It will now offer tailored leasing and subscription options for electric three-wheelers and electric four-wheelers to its partners.

Quiklyz has funded over 1000 electric vehicles in the past 12 months, including three-wheelers and passenger vehicles. The company is expanding its EV portfolio in India in order to improve its offerings in logistics and last-mile mobility.

Quiklyz has partnered up with over 15 electric last-mile mobility delivery companies, including Terrago Logistics and MoEVing Urban Technologies. The company also has collaborated with several electric mobility providers, including Lithium Urban, Ambassador Tours & Travels, and BluSmart Mobility.

Raul Rebello, COO, Mahindra Finance said, “The growing demand and increasing focus on green mobility has opened a new vista for EVs in India. Consumers, businesses, and corporates now prefer cleaner modes of transport. With these partnerships, we will venture into emerging EV financing in India, to tap the increasing opportunities in the e-mobility space, aligning with India’s commitment to becoming carbon-neutral by 2070.”

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Quiklyz offers leased electric vehicles in tier 1 cities such as Bengaluru, Delhi, Chennai, Hyderabad, Gurugram, Noida, and Mumbai and tier 2 cities such as Indore, Pune, and Nagpur. It currently owns the largest collection of electric vehicles including Tata Motors, Hyundai, and more for e-commerce fleet operators.

Mohammad Turra, Senior VP & Head, Quiklyz mentioned, “EV financing ecosystem is currently at a very nascent stage in India. It demands a specific financing approach, a developed understanding of the EV domain, an understanding of the customer’s unique business model and curation of customized solutions. So far, we have funded over 1000 EVs and our deep understanding of the ecosystem will enable us to further strengthen our future commitment to the Indian e-mobility space.”

Quiklyz offers a wide range of products to customers from various segments, including passenger and commercial vehicles. Customers can enjoy a wide range of incentives through subscriptions and leasing, including insurance, maintenance, roadside assistance, and the ability to upgrade. Quiklyz provides dedicated relationship management and account managers to ensure customer management, prompt interaction, and resolution of issues.

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