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Euler Motors, an automotive technology OEM focused on electric commercial vehicles (EVs) announced that BigBasket, Flipkart, Udaan, along with other ECommerce, Hyperlocal and B2B delivery players, have placed an order for 2,500 EVs for intra-city deliveries. The companies will deploy Euler Motors’ EV across Delhi NCR, Bengaluru, Hyderabad and Chennai to transform and strengthen their first, mid & last mile operations. Deliveries of these vehicles are scheduled to take place in the next 6-8 months.
The Delhi-based OEM, is set to launch its first three-wheeler L5 cargo vehicle around festive season. Currently, the company is already plying 300+ vehicles as part of a pre-launch pilot with ecommerce, FMCG companies for intra-city delivery in Delhi-NCR. The company is confident that its vehicle will set a new benchmark in on-road performance and customer profitability.
Hari Menon, Co-Founder, BigBasket said, “With the exponential growth in consumer acceptance of online deliveries and BigBasket’s dedication to electric mobility, we are committed to delivering smooth supply chains and enabling sustainable mobility. Euler Motors has demonstrated compelling advantages and a unique value set on these counts, stemming from superior technology, their design for Indian conditions and relentless focus on user experience. We are delighted in the partnership and look forward to compelling results.”
Euler Motors has already clocked over 10 million kilometers and helped reduce carbon emissions of over 1000 tonnes, which is equivalent to 1 million litres of saved fuel.
Sujeet Kumar, Co-Founder, Udaan stated, “We at Udaan remain steadfast in our endeavor to move our fleet to EVs as they are economical and environmentally friendly. The full stack approach that Euler Motors has taken to help companies transition to electric mobility has given us a lot of comfort in day-to-day operations of our fleet. We have seen a significant rise in operational efficiency and tangible savings as their electric vehicle offers a higher payload capacity when compared to any competing ICE vehicle.”
Confident with the interest in its vehicles ahead of product launch, Euler Motors is set to make bigger strides in the Indian electric commercial vehicle space in the coming years. To cater to the massive demand from ecommerce, Euler Motors also plans to expand its production capacity to enable fulfilment of the projected demand growth.
“We are delighted to see the strong pre-launch order booking, which is testimony to the customer confidence in and the strong performance and value proposition of our product. Our discussions with them have shaped our product deeply, based on valuable insights around customer needs and use case scenarios. Our vision is to transform the commercial EV segment and its impact on India and set global benchmarks. We will soon focus on expanding our capacity and footprint to better meet our customers in more locations and in scale expectations,” said Saurav Kumar, Founder and CEO, Euler Motors.
The company has already raised funds from ADB Ventures, Blume Ventures, Inventus Capital India, Jetty Ventures. Euler Motors also manages a network of 100+ charging infrastructure in Delhi NCR to support Electric Vehicles on ground.