Yamaha and Indian mobility startups

Two developments made news in the mobility sector this week and somehow, both involved Japanese automaker Yamaha Motor Co. One, where the auto giant led a $6.5 million funding round in a little-known company, CredR; CredR is a second-hand bike platform, just about six years old, and focused entirely on the markets beyond tier-I cities. Two, according to an Entrackr report, Yamaha is in talks to acquire struggling bike and car rental platform Drivezy for about $40 million. And, to top it all, based on my conversations with multiple investors in mobility, Yamaha is also in advanced talks with …

Author

Nikhil Varma

Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.

nikhil@mailtmc.com