Piaggio Vehicles announces entry of Ape Electrik 3-wheeler in Philippines
The electric three-wheeler will be manufactured at PVPL's Baramati manufacturing facility in Maharashtra.
![Piaggio Vehicles announces entry of Ape Electrik 3-wheeler in Philippines Piaggio Vehicles announces entry of Ape Electrik 3-wheeler in Philippines](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2023/02/14/227136-piaggio.jpg?itok=Rpo-z2q-&c=f28a37595e026ec26d8e73cc04b53569)
Piaggio Vehicles Pvt Ltd (PVPL), the Indian subsidiary of Italian auto major Piaggio Group, on Tuesday announced the entry of its electric three-wheeler Ape Electrik in the Philippines for last-mile mobility.
The electric three-wheeler will be manufactured at PVPL's Baramati manufacturing facility in Maharashtra.
"For Piaggio Vehicles, entry into the Philippines is a stepping-stone towards accelerating the adoption of EVs across the world and towards a sustainable planet.
Also Read: 4 tips to repay your Credit Card debt faster
"We see huge export potential to the market and also aim to meaningfully contribute to their EV ambitions," said Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd.
These vehicles will be powered by the SUN Mobility's advanced battery-swapping technology.
To be available in the Philippines through a subsidiary of Rusco Motors Inc, the vehicle will be the country's first electric three-wheeler for last-mile mobility, it said.
SUN Mobility has further strengthened its association with Piaggio as it extends the partnership to the Philippines, said Ajay Goel, Co-founder and Executive Director, SUN mobility.
The two partners share the vision of smart, affordable, urban electric mobility and are keen to jointly deploy their solution first in the Philippines and the rest of South-east Asia, he added.
PVPL had launched its first e-three-wheeler Ape Electric in India in 2019.
Click here to get more stock market updates I Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
01:34 PM IST