Estimated Reading Time: 3 minutes
Hitting yet another milestone, Euler Motors, an electric vehicle company, has received an order of 1,000 vehicles from MoEVing, for the recently launched HiLoad EV, India’s most powerful three-wheeler cargo vehicle. MoEVing is a Gurgaon-based holistic technology player focused on full stack solutions for mass EV adoption. MoEVing will deploy these vehicles across India. Vehicle delivery from Euler Motors is expected to commence from December 2021 and will carry through till the end of 2022.
With this, the post launch order lineup for HiLoad crosses 3,500 vehicles, including orders from Flipkart, BigBasket and Udaan with deliveries expected to complete over the next 12-18 months. Euler Motors expects to see 5,000 deployments by the end of FY23, commanding a 40-50% market share in the electric commercial vehicle space. 100 HiLoad EVs have already been deployed in Delhi/NCR & Bangalore.
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 100K by 2025. Euler Motors’ product, HiLoad, is a compelling solution with the technical 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 the 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. We aim to demonstrate robust impact, ensure continued TCO and look forward to a solid partnership with MoEVing in the long run.”
HiLoad EV, from Euler Motors, is India’s most powerful cargo three-wheeler, boasting the highest payload capacity across the 3W cargo segment in India (including ICE). It also has a powerful combination of the highest battery power (12.4 kWh) and certified range (151 KM) in a single charge. The vehicle is designed uniquely for India, with six segment-first innovations in 3W cargo suited to deliver higher performance and longer life in unpredictable Indian road and weather conditions. The company is also expanding its production capacity in Delhi-NCR to meet the growing customer requirements of scale and location.
While Euler Motors already manages a network of 200+ charging stations in Delhi NCR to support electric vehicles on the ground, it has also introduced flexible charging systems. These range from mobile ‘Charge on Wheels’ service stations to advanced charging variants – such as home or onboard chargers and fast chargers which are available for a seamless customer experience with EVs.
About Euler Motors
Founded in 2018, Euler Motors is an automotive OEM focused on electric commercial vehicles. The company is developing & deploying innovative technology solutions to democratize a swift EV transition, building EVs that are designed for India, from India. The company’s solutions are road-ready, technologically superior and competent that have already proved their mettle across Ecommerce and 3PL businesses. With their custom made EVs, Euler Motors aims to create superior alternatives to traditional mobility for the mass adoption of electric vehicles. For more details, please visit http://www.eulermotors.com
MoEVing is a technology led company with a vision to transform the EV ecosystem to accelerate EV adoption in India. With an integrated approach to demand aggregation, supply optimization, connecting with charging infrastructure and financing, it aims to onboard 1 million EV by 2030, has 50% of India’s charging stations on its app, finance a large proportion of EV fleet and facilitate the financing of the same through other partners, and abate 5 Billion MT of carbon. Leading a team having experience of completing 100 million e-km deployments (Google, Bounce, Mahindra Electric, Lithium, etc) across multiple cities in India, Vikash Mishra, founder of MoEVing has extensive experience in the consulting, energy and mobility industry both in India and abroad. MoEVing is currently operating in 9 cities with the plan to expand to 100+cities in the next 3-5 years. Our mission is to drive sustainable mobility along with sustainable livelihoods for drivers by providing them increased earnings in a respectful manner.