Piaggio launches battery subscription plans for 3-wheelers

Customers can purchase an Ape Elektrik for Rs 2.59 lakh (ex-showroom) and subscribe to a Piaggio-approved battery pack for a monthly fee.

Piaggio has announced battery subscription plans for its Ape Elektrik 3-wheeler range.

Under the new “Battery Subscription Model”, customers can purchase an Ape Elektrik for Rs 2.59 lakh (ex-showroom) and subscribe to a Piaggio-approved battery pack for a monthly fee leased through the dealership.

According to the company, the vehicle chassis and powertrain are registered in the customer’s name, while the battery is provided at the dealership for a monthly rent. This also means that customers don’t have to worry about battery maintenance, lifespan or replacement costs.

The battery lease term is 1,20,000 km or 8 years for cargo vehicles and 1,50,000 km or 8 years for passenger vehicles. After reaching the designated mileage, the monthly rent is reduced to Rs 0. The subscription includes battery replacements at the same rental amount after the initial lease term. Customers can unsubscribe or sell the vehicle whenever they want.

Piaggio’s Battery Subscription model is available across 30 cities.