Euler Motors bags 1000 electric vehicles order from MoEVing. The order is for HiLoad three-wheeler EVs which were recently launched by MoEVing. Euler Motors anticipates sales of around 5000 vehicles by the end of the Financial Year 2023.
MoEVing is a technology-led company with a vision to transform the Electric Vehicle (EV) ecosystem to accelerate EV adoption in India.
Euler Motors will start the delivery of the vehicles from December 2021 and these deliveries will be completed by the end of 2022. With this order, the total number of the orders have now crossed 3500 vehicles where orders from BigBasket, Udaan, and Flipkart are also included and all the deliveries will be completed within 12-18 months.
Vikas Mishra, Founder, and CEO, MoEVing, said, “India is on the right track with regards to electric mobility, and there is no doubt that commercial logistics will spearhead this transition. Our mission at MoEVing is to grow our electric fleet to 100,000 by 2025. Euler Motors’ product, HiLoad, is a compelling solution with the technology prowess to the problem of EV adoption in India’s unique scenario. Working towards a future where there are no urban transport emissions, especially due to last-mile logistics, we are excited to deploy HiLoad in our fleet.”
Saurav Kumar, Founder, and CEO, Euler Motors, said, “Euler Motors and MoEVing share a synergy of vision in the EV space, and we are delighted to be partnering with them and further our mission to achieve zero-emission logistics, with an unparalleled product, technology, and ecosystem solutions. We have already deployed 100 HiLoads on the road within 10 days of the product launch, which is a strong testament of how we are inspiring customer confidence in our product.”
HiLoad EV comes with a 12.4 kWh battery pack with a run of 151 KM on a single charge. The battery pack takes 15 minutes to charge 50% range with a fast DC charger. For complete charging, 3.5 to 4 hours are required and an AC charger can be used.
Euler Motors has a network of around 200 charging stations in Delhi-NCR and is expanding its manufaturing to meet the growing demands of the customers.