MLMM partners with Vidyut to launch battery-as-a-service financing for EVs

Mahindra Last Mile Mobility (MLMML) and Vidyut have announced a new collaboration to introduce Battery-as-a-Service (BaaS) financing for EVs. This innovative solution is aimed at reducing the upfront cost of electric vehicles, including Mahindra's ZEO (4W), Zor Grand, and Treo Plus (3Ws). With a minimal battery rental fee starting at ₹2.50 per kilometre, this program offers flexible options for customers to either continue the rental or purchase the battery outright, making EV ownership more affordable and accessible.