Vida VX2 BaaS Plan Cost Explained

The Vida VX2 is one of the few electric scooters to get a Battery-as-a-Service (BaaS) model and Hero has opted for this model to reduce the cost of the scooter significantly. With BaaS, unlike the Honda Activa Electric in which the battery ownership lies with the company and not the customer, you do so on the Vida VX2. So if one opts for BaaS, you pay a monthly fee (like a prepaid service for mobile network and data service) and once the plan duration is complete, the rider gets full ownership of the scooter. Customers can opt for two finance options - Hero Fincorp and Vidyuttech Services Pvt Ltd. 

Also Read: Vida VX2 Offered With ₹15,000 Discount

If a customer clocks more kilometres than the plan he or she has opted for they will be charged the same per km cost and that payment will be adjusted every quarter or how one negotiates with the financer. For now the plans are fixed, which means once the customer opts for a certain plan they can’t change it later. Over and above these monthly chargers, buyers will have to pay a one-time fee of ₹1,119 for stamp duty and documentation. Following are the plans for the VX2 Go and VX2 Plus variant.