AMU Leasing, 3ev Industries and 3eco Systems Forge a Partnership to Deploy 1,000 3W EVs

AMU Leasing, 3ev Industries and 3eco Systems forge a Partnership to Deploy 1,000 3W EVs

AMU Leasing Pvt Ltd, 3ev Industries Pvt Ltd & 3eco Systems Pvt Ltd announced today a partnership to deploy 1,000+ 3-Wheel L-5 Electric Vehicles in the next nine months.

3eco Systems has accumulated a large backlog of more than 1,000 EVs produced by 3ev Industries, as proof of the high performance, reliability, and scalability of the freight, passenger, and conversion kit platform. AMU Leasing Pvt Ltd has a large and efficient capability in vehicle finance, and has partnered with 3ev and 3eco to meet rapidly growing end-market demand with strong unit economics as operated by 3eco. The partnership launches with a starting commitment to finance of 1,000+ EVs made by 3ev and owned/operated by 3eco in order to provide the most comprehensive full-stack solutions to the broadest range of enterprise clients – including Amazon,
Big Basket, Flipkart, Reliance, Decathlon, Bisleri, Clover, and many others. All 1,000 vehicles under this partnership are planned for sale and RTO registration within nine months, and are already fully committed by 3eco to end-customer commercial engagements under multi-year contracts.

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Nehal Gupta, Director at AMU Leasing noted “We are a technology driven NBFC going through a constant metamorphosis to align ourselves with India’s emerging sustainable and green initiatives for self-employment and entrepreneurship. By supporting the alternate fuel-based transportation sector, we aim to propel the revenue generation for sustainability driven organizations and fostering that ecosystem improvement. We are driven by technology and hold expertise in EV financing and leasing.”

Peter Voelkner, MD of 3ev and 3eco commented “3ev makes best in breed 3-wheel EVs engineered to detailed real-world specifications, manufactured at our 60,000sf plant in Bengaluru, and fully supported and serviced by our team over the 5-years warranty period for each new vehicle. The battery rental contracts tied to each vehicle sale provides the lowest TCO in the marketplace today. This enables 3eco to provide full turnkey, best-of-breed solutions to deliver great value to a growing list of Enterprise, SME and Consumer customers in our operating territories of Bengaluru, Hyderabad, Chennai, Coimbatore, and Mumbai. 3ev is expanding its reach through 3C conversion centres with aftermarket support in a growing number of cities. This is driven by the demand from our customers, primary of which is 3eco, to accelerate the electrification of transport and the digitalization of hyper-local connectivity services in India and beyond.”

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