The Piaggio Group has signed an agreement with KTM, Yamaha Motor Company and Honda Motor Company to set up a consortium for swappable batteries.
A standard, swappable battery will help achieve economies of scale faster and also urge users to go in for e-vehicles.
At present, the agreement between the motorcycle companies is for light electric vehicles. This consortium is expected to start operating from May 2021.
Piaggio India too has signed up with Sun Mobility wherein the latter provides batteries and charging stations for the Ape range of e-vehicles.