Mahindra Last Mile Mobility (MLMML), a subsidiary of Mahindra & Mahindra (M&M) and Vidyut (VT), have announced a collaboration to launch Battery-as-a-Service (BaaS) financing for MLMML’s EVs, including the Mahindra ZEO (4W) as well as Zor Grand and Treo Plus (3Ws).

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Mahindra Last Mile Mobility, Vidyut launch BaaS for commercial EVs
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Mahindra Last Mile Mobility, Vidyut launch BaaS for commercial EVs

This initiative enables EV owners to rent the battery, reducing the upfront vehicle acquisition cost by up to 40% compared to traditional ICE vehicles.

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