Euler Motors has teamed up with LetsTransport to deploy 1,000 HiLoad Electric Vehicles in the three-wheeler commercial segment. These EVs will be deployed in Hyderabad, Bangalore, and Delhi-NCR, as well as other Indian cities, in the coming twelve months.
Euler Motors will manage the deployment of these electric vehicles through its full-stack ecosystem, which includes charging infrastructure and support services. LetsTransport will allow customer mobilization as well as retail delivery. With a road range of over 151 km, a load capacity of 688 kg, and a 12.4 kWh liquid-cooled battery, HiLoad, offers a lower rate of ownership.
Saurav Kumar, Founder and CEO, of Euler Motors, said, “HiLoad’s value proposition, coupled with LetsTransport’s industry presence and logistics expertise make this partnership a win. Together, we intend to make our EVs more accessible in India, increase deployments and drive segment growth.”
“Intra City logistics is already on a transformation, with electric vehicles as their future. LetsTransport has been founded on a vision to build cleaner and sustainable logistics solutions with an emphasis to strengthen this ecosystem. Their product and supportive solutions make us confident about the business impact for our customers, as well as to the larger society. We will place 300 EVs in 2022, and plan to deploy 3000 EVs by the end of 2025”, said Pushkar Singh, Founder & CEO, LetsTransport.
Euler Motors has begun deliveries to LetsTransport. The first batch of vehicles in NCR is now operational. Euler Motors received positive feedback for its HiLoad electric vehicle, and now has an order book of more than 9,000 units. There are also institutional and retail deliveries in India. In the current financial year, the company intends to deploy approximately 8,000 HiLoad Electric Vehicles.