BP, Piaggio’s partner to take advantage of the growing demand for 2, 3 wheels in Europe, India and Asia


Italian two- and three-wheeler major Piaggio is dramatically increasing its commitment to electric mobility. The Piaggio Group has partnered with global company BP to develop and deploy a comprehensive set of services for the growing number of two- and three-wheel electric vehicles in Europe, India and Asia.

These vehicles – electric motorcycles, scooters and compact utility vehicles – are today the most electrified class of vehicles in the world, with 44% of sales and 25% of the existing global fleet – or around 250 million vehicles – already electric. It is estimated that by 2040, the proportion of sales of these electric vehicles could reach more than 80% and that the number of electric two and three wheelers in the world could have tripled to reach 750 million.

By bringing together Piaggio’s extensive electric vehicle production operations and infrastructure management capabilities with BP’s expertise and global reach, the companies aim to support the growing adoption of electric two- and three-wheelers globally. to help fight urban congestion and reduce pollution in urban areas.

According to Richard Bartlett, senior vice president of bp, Future Mobility & Solutions, “The huge and rapidly growing market for two and three wheelers is already paving the way for electrification and we see great potential for continued growth in Asia and Europe. Europe. .

“By working closely with Piaggio Group – a world leader in this market – we will aim to develop and deliver the innovative services that customers will need. This will support the growth of fast and truly convenient urban mobility using zero tailpipe vehicles, reducing air pollution and helping cities in their decarbonization efforts. “

“Working with bp will help us realize our idea and our offer of a mobility revolution,” said Michele Colaninno, Chief Strategy and Product Officer of the Piaggio Group. “To achieve this goal, it is necessary to promote the widespread adoption of electric vehicles such as motorcycles, scooters and compact utility vehicles equipped with battery swap or rechargeable charging technology, thus encouraging more sustainable management. battery life cycle and greater respect for the environment. Working with bp is a great starting point to strengthen our strategy.

BaaS and VaaS in India, Piaggio connects to Jio-BP
As part of their memorandum of understanding, Piaggio Group and bp, as well as their Jio-bp subsidiary in India, will explore opportunities to work together to provide battery charging and exchange stations, as well as develop comprehensive services. such as “Battery as a Service” (BaaS) – rental, management and recycling of vehicle batteries – and “Vehicle as a Service” (VaaS) – rental, repair, maintenance and intelligent management of the energy of these vehicles. Initial efforts and focus will be on India, where Jio-bp and Piaggio are already engaged in the development of electric vehicle solutions. The companies also plan to explore opportunities in Greater Asia – China, Indonesia and Vietnam – and Europe.

READ ALSO Diego Graffi from Piaggio: “The penetration of electric two-wheelers in India will be 30 to 40% in 3-4 years”

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