Moto Business Service India

What Moto Business Service India does

Moto Business Service India Private Limited (MBSI) is a Bengaluru-based B2B asset management firm founded in March 2021 as a subsidiary of Yamaha Motor Co., Ltd. (Japan), with India Yamaha Motor Pvt. Ltd. also listed as a shareholder. The company procures 2-wheelers, 3-wheelers, and 4-wheelers and deploys them on rental platforms under operating lease arrangements on a revenue-sharing basis. Its core product lines are a Dry Lease model (where maintenance is handled by partner platforms) and a Wet Lease model (where MBSI manages maintenance through its own workshops and spare-parts centres), both available across EV and ICE 2W scooters, 2W motorcycles, 3W passenger/cargo vehicles, and 4W taxis with lease periods of 24-48 months.

MBSI's go-to-market is enterprise B2B, targeting ride-hailing and mobility aggregators, gig economy drivers, institutional fleet operators, and last-mile delivery platforms across PAN India. The company has built a broad partner network spanning more than 30 named mobility partners across commercial vehicles, leisure vehicles, taxi 4W, employee transport services (ETS), and last-mile logistics, including Sikhar Fleet, Royal Brothers, Let's driEV, Q'Fleet, LetzRyd, Alt Mobility, Rapido, Zypp Electric, and Fullfilly. Revenue is generated through recurring subscription-style lease fees (recurring multi-year contracts) plus one-time buy-back transactions for fleet operators. Supporting services include after-sales workshop operations, spare-parts sourcing through a dedicated SCM team, and training programs such as the RB For Women initiative for women's mobility skills.

The firm's strategic focus is on growing the EV ecosystem in Indian cities, with recent partnerships explicitly targeting electric two-wheeler deployment. Technology is described as a vehicle asset management and fleet deployment platform with a Data Management System for productivity and maintenance analytics, though no proprietary AI/ML capabilities are disclosed. No funding rounds, headcount figures, or revenue figures are publicly disclosed, and the company is wholly owned within the Yamaha Motor group structure with no external VC involvement.

Name

Moto Business Service India

Legal name

Moto Business Service India Private Limited

Website

https://mbiz-service.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Moto Business Service India is a Bengaluru-based B2B asset management firm and Yamaha Motor subsidiary that procures and leases 2W, 3W, and 4W vehicles to mobility platforms across India via wet and dry lease models, with a focus on shared mobility and the EV ecosystem.

Ownership category

akta.pro rank

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Operating Lease - Wet Lease: MBSI procures and leases vehicles out to mobility service platforms with maintenance managed by MBSI. Vehicles are taken on rent by individuals, delivery executives, and mobility service riders/captains on a revenue-sharing basis.
2. Operating Lease - Dry Lease: MBSI procures and leases vehicles out to mobility service platforms where maintenance is handled by partners.
3. Vehicle Sales - Buy Back Option: Buy-back option can be considered for fleet operators.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Moto Business Service India (MBSI) provides vehicle leasing and fleet management services to mobility platforms in India. The company deploys two-wheelers, three-wheelers, and four-wheelers (including electric vehicles) under wet and dry lease models. It also supports deployed fleets with after-sales service, spare parts, driver training, and data analytics.

Product overview

Moto Business Service India (MBSI) is an asset management firm specializing in the shared mobility sector with a strong focus on the Electric Vehicles ecosystem. The company operates as a subsidiary of Yamaha Motor Co., Ltd. and India Yamaha Motor Pvt. Ltd., offering two primary product lines: Dry Lease and Wet Lease. Dry Lease provides vehicles (EV 2W scooters, 2W motorcycles, 3W passenger/cargo, and 4W taxis) with maintenance managed by partners, while Wet Lease covers the same vehicle types with maintenance handled by MBSI. The company procures 2-wheelers, 3-wheelers, and 4-wheelers, deploying them on rental platforms on a revenue-sharing basis and leasing them to mobility service platforms on operating lease models. Supporting services include after-sales workshop and parts operations, data management and analytics for fleet productivity, and comprehensive people and training programmes including the RB For Women initiative for women empowerment.

Differentiator

Problem solved

Functional benefit

Products and services

• Dry Lease
• Wet Lease
• After Sales Service & Parts
• People & Training Services

Quantifiable outcome

• Sikhar Fleet partnership targets scaling from 100+ to 1,000+ vehicles within 12 months
• +1 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Sikhar FleetcoreStrategic or Co-development Partner · 1 May 2026Sikhar Fleet, a Vehicle-as-a-Service provider, partnered with MBSI to develop a structured vehicle leasing ecosystem targeting ride-hailing platforms, gig economy drivers, and institutional fleet operators. The collaboration combines Sikhar Fleet's on-ground fleet operations with MBSI's vehicle leasing and asset management capabilities. Sikhar Fleet currently operates over 100 cabs and plans to scale to 1,000+ vehicles within 12 months with focus on electric vehicles.
• Let's driEVcoreStrategic or Co-development Partner · 1 April 2025Let's driEV partnered with MBSI to deploy 100 TVS iQube electric scooters in Bengaluru. Partnership also includes Ather 450S electric scooter deployment in Eastern India.
• Q'FleetminorStrategic or Co-development Partner · 1 January 2025Q'Fleet and MBSI announced partnership for deployment of 51 Maruti vehicles to enhance urban mobility in Hyderabad.
• LetzRydminorStrategic or Co-development Partner · 1 December 2024LetzRyd and Yamaha firm partnered to deploy CNG car fleet in Bengaluru.
• Royal BrotherscoreStrategic or Co-development Partner · 1 November 2023Royal Brothers, a two-wheeler rental platform, has an ongoing strategic partnership with MBSI for vehicle deployment and the 'RB For Women' program that provides motorcycle riding training to women for the logistics and last-mile delivery sectors.
• Alt MobilityminorStrategic or Co-development Partner · 1 October 2022Yamaha Motors' lending arm MBSI partnered with Alt Mobility to finance E2Ws (Electric Two-Wheelers).
• FullfillyminorStrategic or Co-development Partner · 1 July 2022MBSI tied up with Chennai-based EV startup Fullfilly for deploying EVs in last-mile delivery operations.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Bounce Infinity: Indian EV mobility company offering electric scooter rentals and battery-swapping services to gig drivers and consumers. Comparable to MBSI in deploying EV 2W fleets for shared mobility, though Bounce operates its own retail rental brand rather than B2B-only asset management.
• Zypp Electric: India-based EV logistics platform deploying electric two-wheelers for last-mile delivery with gig drivers. Both a customer of MBSI (for vehicle deployment) and a near-adjacent operator running its own EV fleet for the same gig-driver last-mile segment.
• Yulu: Bangalore-based electric micro-mobility platform providing shared e-bikes and e-scooters to gig workers and delivery executives. Operates in MBSI's core Bengaluru market with a focus on the same gig-driver and last-mile delivery segments, though via a consumer-facing shared fleet rather than B2B leasing.
• ETO Motors: India-based EV mobility company providing electric three-wheelers and two-wheelers for last-mile delivery and passenger transport. Operates in MBSI's core 2W/3W commercial vehicle leasing space, though with its own fleet and driver network rather than pure B2B leasing.

Direct peers

• RevFin: India-focused EV financing platform providing loans and leases for electric two- and three-wheelers to drivers and small fleet operators. Closely comparable to MBSI's asset-light leasing approach for gig economy drivers, though RevFin leans more on fintech debt structuring versus MBSI's OEM-backed procurement model.
• Alt Mobility: India-based EV financing and leasing platform for electric two-wheelers and commercial vehicles serving fleet operators and gig drivers. Directly comparable to MBSI's wet/dry lease model for EV 2W; notably, Alt Mobility is both a partner and a near-direct competitor in the E2W financing space.
• Lithium Urban Technologies: India's largest corporate EV fleet operator, providing electric sedans to enterprises via managed ground transport. Comparable to MBSI's 4W taxi/corporate ETS segment and B2B fleet deployment model, though focused exclusively on EV passenger cars for corporate clients.

Peers

• Orix India:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=jKLTp94wnus

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Moto Business Service India