
Upcoming VIDA VX2 to get ‘Battery as a Service' option. Here's what we know so far
The new and upcoming offering from VIDA will get a new BaaS option.
Notify me
VIDA, the electric two-wheeler manufacturer, is all set to roll out a new Battery-as-a-Service (BaaS) model starting July 1, 2025. This move is aimed at changing the way customers buy and use electric two-wheelers by offering a subscription-based battery plan. The brand has also been teasing its upcoming electric two-wheeler over social media, which also, will avail benefits from the new service.
Instead of purchasing the scooter and battery together, buyers will have the option to finance the chassis and battery separately. The subscription model is designed to lower the initial cost of ownership by spreading battery-related expenses into monthly payments. Users will be able to choose from flexible subscription plans based on their budget and expected usage. Further details, including subscription pricing and plan options, will be released on July 1, 2025.
The manufacturer says that the new approach is intended to improve access to electric vehicles by offering more flexible financing options and the company's network currently includes more than 3,600 fast-charging stations and 500 service points across over 100 cities, which will support the rollout of the BaaS model.
Also Read : Vida Z based VX-2 electric scooter teased for the first time Upcoming VIDA scooter to unveil alongside
The official unveiling for the upcoming model is set for July 1, along with the new BaaS service. The teasers on social media do not reveal much other than the side view of the scooter's fascia, wherein the scooter gets a squareish LED headlamp with a new design and a bright red colour shade. Codenamed VX2, the upcoming scooter is anticipated to be positioned as a more affordable option compared to the V2 in the product lineup.
This scooter was also spotted earlier featuring a smaller TFT display and switchgear similar to that of the V2. Notably, it includes a physical keyhole, suggesting that the VX2 aims to cater to budget-conscious consumers.
The V2 is available with three battery pack options, while the VX2, which has also been seen, includes a 'Plus' identifier, indicating several variants may be offered. An image leak showed that the new scooter's alloy wheels would be the same as those on the V2. Currently, the Vida V2 has three versions: V2 Lite, V2 Plus, and V2 Pro.
Check out Upcoming EV Cars in India, Upcoming EV Bikes in India.
First Published Date: 18 Jun 2025, 17:27 PM IST

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Gazette
11 minutes ago
- India Gazette
Hero Motocorp introduces 'Battery-As-A-Service model EV ownership
New Delhi [India], June 18 (ANI): Hero Motocorp on Wednesday introduced the Battery-as-a-Service (BaaS) model for its VIDA VX2, which will help consumers reduce the upfront ownership cost, making electric mobility more affordable and accessible to a wider customer base. This 'pay-as-you-go' battery subscription is intended to make VIDA Electric Vehicle (EV) ownership more flexible and affordable. This BaaS model will be launched on July 1, 2025. This subscription model will allow, customers to have the option to finance the scooter chassis and battery separately, reducing significant upfront capital expenditure into manageable monthly payments. With the help of this BaaS model, VIDA customers will be get an option to improve cost efficiency. Additionally, they will also get access VIDA's pan India ecosystem which includes over 3,600 fast-charging stations and 500+ service points across 100+ cities. 'By removing conventional barriers and reimagining EV ownership and experience, VIDA aims to democratize electric mobility while offering unmatched convenience, flexibility, and peace of mind', the company said. According to Hero Motocorp, consumers can choose from flexible subscription plans tailored to their daily or monthly budget and usage, which will offer greater affordability, convenience, and peace of mind in EV ownership. Recently, VIDA launched the 'Charging Simple Hai' campaign during the ongoing IPL season in May. Showcasing its removable battery technology with the message 'Every plug point is a VIDA charging point', the campaign highlights the ease of charging VIDA's batteries using any standard 5-amp socket, making electric mobility truly convenient and accessible. VIDA, powered by Hero MotoCorp, continued to deliver growth with dispatches of 8361 units and 7161 VAHAN registrations for the VIDA V2 electric scooter range. VIDA achieved a Vahan market share of 7.2 per cent, indicating sustained progress. VIDA is set to electrify the market with a new product launch on July 1, 2025. (ANI)


Time of India
2 hours ago
- Time of India
Over 379,000 in US became dollar millionaires last year, equivalent to more than 1,000 every day
Over 379,000 people in the United States became dollar millionaires last year, equivalent to more than 1,000 every day, according to a 2025 Global Wealth Report from UBS. Wealth grew disproportionately in the US last year with the country accounting for almost 40% of global millionaires in 2024. Private individuals' net worth rose 4.6% worldwide, and by over 11% in the Americas, driven by a stable U.S. dollar and upbeat financial markets, the report found. What does the USB report found? The UBS Global Wealth Report 2025 shows that global wealth grew by 4.6 per cent in 2024, after a 4.2 per cent increase in 2023, continuing a consistent upward trend. The Americas overall accounted for the majority of the increase, with more than 11 per cent, driven by a stable dollar and buoyant financial markets, the report reveals. Asia-Pacific (APAC) and Europe, the Middle East and Africa (EMEA) were lagging behind, with growth rates of below 3 per cent and less than 0.5 per cent respectively. This is in marked contrast to 2023 when the rebound in wealth was led most strongly by growth in EMEA. ALSO READ: Kristi Noem's hospitalisation linked to her visit with RFK Jr to a controversial biohazard lab for Ebola, SARS-CoV-2? Live Events The US and mainland China also jointly account for more than half of the entire personal wealth in the sample. A significant gap in wealth per adult persists between North America and Oceania on the one hand, and the world's other sub-regions on the other, the report reveals. The number of millionaires worldwide, measured in U.S. dollars, increased by 1.2% in 2024—adding over 684,000 people compared to the previous year. The United States alone contributed more than 379,000 new millionaires, averaging over 1,000 a day. According to the report, the U.S., mainland China, and France recorded the highest numbers of millionaires, with the U.S. making up nearly 40% of the global total. This year's report also shines a spotlight on a rapidly growing yet often overlooked group: the Everyday Millionaires , or 'EMILLIs'—individuals with investable assets ranging from $1 million to $5 million. Since 2000, the number of EMILLIs has more than quadrupled, reaching approximately 52 million worldwide by the end of last year. ALSO READ: A list of 'safest' countries to seek shelter as World War III fear looms Collectively, this segment now holds about $107 trillion in wealth—nearing the $119 trillion owned by individuals with over $5 million in assets. The expansion of this group has been largely fueled by rising property values and favorable exchange rate shifts. Despite regional variations, the steady global growth of the Everyday Millionaire population remains a clear trend. The report also highlights differences in wealth distribution among generations in US Millennials (born after 1981) which have the highest proportion of their assets in consumer durables and real estate, and invest more heavily in private businesses. Baby Boomers (born between 1946 and 1964) hold over $83 trillion in net wealth, surpassing Generation X (born between 1965 and 1980), the Silent Generation (born before 1945), and Millennials.


Mint
3 hours ago
- Mint
Nirmala Sitharaman urges fintechs to tap rural markets, strengthen cybersecurity
Finance Minister Nirmala Sitharaman on Wednesday urged the fintech industry to shift its focus beyond urban markets and lead the next wave of innovation in rural and agricultural sectors, calling it both a business opportunity and a developmental imperative. Speaking at the Digital Payments Awards 2025, Sitharaman called for a sharper push to integrate micro, small, and medium enterprises (MSMEs) with account aggregator frameworks and emphasized the need for tailored financial products for farmers and rural consumers. 'Every fintech firm should view rural India as a fertile ground, not just as a social responsibility, but as an opportunity to create new markets,' she said, adding that consumer demand in rural areas has shown strong and sustained revival. Drawing parallels with the fast-moving consumer goods sector, the minister highlighted how deep rural penetration has become a core growth strategy for many leading brands, a model she said fintech should replicate. Sitharaman also flagged key risks looming over India's expanding digital economy, urging startups and payment firms to invest more aggressively in digital literacy and cybersecurity. 'Literacy has to be improved upon. Cybersecurity is a case in which I had interaction with a few startups and fintech companies,' she said, warning against growing threats such as deepfakes and digital fraud. 'We need a set of fintech companies which are constantly working on giving solutions for the newer challenges which are arising,' she added. The minister recounted recent discussions with startups and fintech leaders, underlining the importance of ensuring that ordinary users are not 'digitally arrested at home' by malicious actors or deceptive platforms. Financial services secretary M. Nagaraju outlined the next phase of India's digital payments journey, stressing the need to deepen adoption across sectors and geographies, particularly in underserved regions. 'Our priorities must include deepening digital payment adoption across sectors and geographies,' Nagaraj said at the event. At the same time, we must strengthen cybersecurity and fraud prevention frameworks, and promote digital and financial literacy at the grassroots, he added. The remarks come as India's UPI-led digital payments infrastructure, hailed globally for its scale and efficiency, enters a new chapter of expansion, pushing beyond urban centres and into rural economies. In March 2024, the Union cabinet approved a ₹ 1,500 crore incentive scheme to promote small-ticket transactions on the BHIM-UPI platform, particularly among small merchants to spur usage in semi-urban and rural India, by expanding infrastructure through tools such as UPI 123PAY for feature phones. It has also rolled out newer solutions like UPI Lite and LiteX for faster and more reliable payments in low-connectivity environments. Lauding the role of digital companies in the cashless transition, Nagaraj said their contributions were about more than just facilitating transactions. 'Your work is not just about enabling payments, it is about enabling possibilities,' he said. 'You are helping build a financial system that is more modern, inclusive, and globally admired," he added. In recent years, India has emerged as a global leader in digital payments, with monthly UPI transactions crossing 14 billion in 2025. However, challenges remain, particularly around digital literacy, user safety, and ecosystem resilience.