Mahindra Partners has invested in Scoot Networks to bring electric scooter shared transportation in San Francisco. This financing round closes with Scoot Networks significant network expansion supported by a brand new fleet of 500 Mahindra Genze electric scooters.

Anand Mahindra, Chairman, Mahindra Group, said of the transaction: “We are excited to partner with the terrific team at Scoot Networks to provide a sustainable solution to the growing challenges associated with urban commuting – parking, congestion, and pollution. The GenZe 2.0 is designed to intelligently address these challenges by offering relevant and affordable technology.”

 Zhooben Bhiwandiwala, Managing Partner of Mahindra Partners, said: “This exciting venture represents Mahindra Partners’ first significant investment in the US and we are optimistic that the team at Scoot Networks will suitably expand and develop this unique sharing model into a globally successful concept.”

 “We are proving that electric transportation can be both affordable and profitable,” says Scoot Networks Founder & CEO Michael Keating. “We now have the vehicles and resources we need to scale the business, thanks to our partnership with Mahindra and the ongoing support of our earlier investors.”

The GenZe by Mahindra is the first urban transportation vehicle to be offered by the Mahindra Group. The compact design provides consumers with exactly what they need – ease of travel and storage. The GenZe 2.0 weighs less than 105kgs and its lighter than other motorized two-wheelers. The battery with integrated charger weighs around 14kg. The scooter has been configured to provide an optimal range of 48.2kms. The scooter can also be charged while riding.

Mahindra GenZe is dedicated for helping the urban commuter overcome the challenges associated with pollution, parking and the inadequacies of public transport.