RydeEV Offers Electric Motorcycles Leasing With Battery Swapping Service

Tags: Electric Motorcycles, Electric Vehicle, EV, RydeEV

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Thanks to a latest venture from Yinson Greentech, Malaysians now have the opportunity to own their own electric motorcycle with RydeEV.

Yinson Greentech launched RydeEV along with the RydeEV Experience Centre in Petaling Jaya. This8,000 square feet centre serves as a one-stop destination for all things RydeEV.

The launch last week was officiated by the Minister of Investment, Trade & Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz.

“Green mobility is one of the key focus areas in our recently launched New Industrial Master Plan 2030’s net zero mission.

“As Malaysia proactively courts investments in green tech innovations and solutions, we also aim to create opportunities for our SMEs, particularly through the development of a holistic, low-carbon mobility ecosystem as outlined by our National Automotive Policy,” said Tengku Zafrul at the launch.

Only available exclusively with battery swapping

Unlike any other electric motorcycle offerings out there, RydeEV is not a straightforward electric motorcycle manufacturer or distributor. Instead, they provide electric motorcycles through the usage of batteries, provided by Oyika, a Singapore-based startup.

RydeEV has been operating in Indonesia since 2020, where Oyika’s batteries have been converted to run on 19 electric motorcycles models.

However, one important thing to note is that RydeEV’s motorcycles work EXCLUSIVELY through battery swapping, which means that you can’t recharge the batteries.

Customer to pick their lease-to-own programme

In Malaysia, RydeEV currently offers two programmes for the general public, the RydeEV Ryder and the RydeEV Hyper. These motorcycles are only available in a lease-to-own model, at these prices;

RydeEV Ryder 3-year contract: RM299/month
RydeEV Ryder 4-year contract: RM250/month
RydeEV Hyper 3-year contract: RM430/month
RydeEV Hyper 4-year contract: RM339/month

Once the lease contract tenure is over, owners can choose to take ownership of the bike for RM1. This also means that they will have to opt into a subscription plan for the batteries swapping as they are not able to recharge the batteries at home.

There is also a separate set of lease-to-own programmes for commercial (B2B) users.

If you’re interested in getting yourself an electric motorcycle, you can head over to RydeEV’s website right here.