Yamaha Motor invests in bike rental platform Royal Brothers

Yamaha Motor has invested in Bengaluru-based bike rental company Royal Brothers via its Moto Business Service India (MBSI) subsidiary, a mobility solutions company set up in March 2021. MBSI will provide its services for tech startup companies that focus on shared mobility space in India. Royal Brothers holds a bike rental licence for Karnataka, Kerala, Gujarat and Andhra Pradesh and is the first company to launch a bike rental service at Kempegowda International Airport Bangalore. In 2019, angel investors invested in the primary rounds, taking the company from being bootstrapped to a funded level. It is currently operational in Karnataka, Kerala, Gujarat, Andhra Pradesh, Odisha, Rajasthan and Telangana.