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BM Mobility rolls out electric scooter fleet for rent at University of Malaya

PC Lee
PC Lee • 2 min read
BM Mobility rolls out electric scooter fleet for rent at University of Malaya
SINGAPORE (Feb 21): BM Mobility has rolled out a fleet of electric motor scooters for rent at University of Malaya in Kuala Lumpur.
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SINGAPORE (Feb 21): BM Mobility has rolled out a fleet of electric motor scooters for rent at University of Malaya in Kuala Lumpur.

This comes a week after its Malaysian subsidiary completed the acquisition of a controlling stake in UNiRIDE Ecotour, a car sharing business targeted at universities in Malaysia.

Students and staff at Malaysia’s leading university, can rent the scooters for a minimum 15 minutes for travel within and around the vicinity of the 750-acre campus, which is the size of more than 770 football fields. The university has about 20,000 undergraduate and postgraduate students.

The 18 scooters are from Hong Kong-listed Yadea Group Holdings, the largest manufacturer of electric two-wheelers in China.

BM Mobility, formerly known as Ziwo Holdings, is an investment holding company. It is focused on the green energy space in Asia. BM Mobility’s 65%-held Estar Investments owns Beijing EStar Electric Technology Co, which provides charging equipment and solutions for electric vehicles in China. Estar Investments owns BM Mobility Sdn Bhd.

Depending on demand, BM Mobility, the company’s Malaysian subsidiary, intends to eventually roll out one scooter for every 100 students.

These will include other brands of electric two-wheelers.

It also expects to introduce electric scooters to other universities through UNiRIDE.

BM Mobility entered into a term sheet agreement last month to acquire 75% of UNiRIDE, which has exclusive rights to run a car sharing programme in four public universities, including University of Malaya.


See: BM Mobility acquires 75% stake in Malaysian car-sharing business UNiRIDE Ecotour

The four universities have more than a quarter of a million students. The acquisition was completed on Feb 14.

Shares in BM Mobility last traded at 1.5 cents.

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