Bp and Piaggio Group plan to work together to develop and roll out a comprehensive set of services for the rapidly growing number of two- and three-wheeled electric vehicles across Europe, India and Asia.
It has been estimated that by 2040 the proportion of sales of these vehicles that are electric may have risen to over 80% and the number of electric two- and three-wheelers globally may have tripled to 750 million.
Bringing together Piaggio’s extensive e-vehicle production operations and infrastructure management capabilities with bp’s expertise and global reach, the companies aim to support the growing adoption of electric two- and three-wheelers globally to help address city congestion and reduce pollution in urban areas.
Under their memorandum of understanding, Piaggio Group and bp, along with affiliate Jio-bp in India, will explore opportunities to work together to offer charging and battery swap stations, as well as developing all-encompassing services such as ‘Battery as a Service (BaaS) – leasing, management and recycling of vehicle batteries – and ‘Vehicle as a Service (VaaS) – leasing, repair, maintenance and smart energy management of these vehicles. Initial efforts and focus will be on India, where Jio-bp and Piaggio are already engaged in developing electric vehicle solutions. The companies also intend to explore opportunities in broader Asia – in China, Indonesia, and Vietnam – and in Europe.
The Piaggio Group has been a pioneer in electric mobility since the mid-1970s, continuously searching for the most technologically advanced solutions, developed in its R&D centers around the world. It sees the ability to combine robotics and software as key to enhancing future mobility systems in every city and, with its e-vehicle production operations and infrastructure management capabilities, the Group intends to continue to be a leader of the ongoing revolution.
Jio-bp is an Indian fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp. With the vision to become a solution provider of choice for mobility in India, the joint venture will leverage Reliance’s presence across 21 states and its millions of consumers through the Jio digital platform. bp brings its extensive global experience in high-quality differentiated fuels, lubricants, retail, and advanced low carbon mobility solutions.
