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Rapido partners with IndoFast Energy to roll out 10k Piaggio e-three wheelers

Oct 23, 2024•over 1 year ago

Contract Type

partnership

BengaluruTransportation

Description

Rapido has partnered with IndoFast Energy to introduce 10,000 units of Piaggio's swappable electric-three wheelers, E-city Max, aiming to enhance its EV offerings on the platform and contribute to India's EV mission.

Company Information

Company

Rapido

Location

Bengaluru, Karnataka, India

About

The rapid scaling of quick commerce and hyperlocal delivery has further driven Rapido’s expansion into on-demand logistics with Rapido Local and Rapido Store, the company said in a prepared statement. The company Rapido said it has recorded a strong recovery of 85% as compared to pre-Covid months.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months