MoEVing orders 1,000 EV three-wheeler cargo vehicles to Euler Motors to deploy these vehicles across India.
On Thursday, Euler Motors, an electric vehicle brand, said it had bagged an order for 1000 recently launched Hiload EV three-wheeler cargo vehicles from MoEVing. MoEVing is a Gurgaon based holistic technology platform that will deploy these vehicles all over India. The company said that vehicles' delivery is expected to commence from December 2021 and will continue till the end of 2022.
Euler Said, “Euler Motors and MoEVing share a synergy of vision in the EV space, and we are pleased to partner with them and further our mission of achieving zero-emissions logistics with unique product, technology and ecosystem solutions.”
Saurav Kumar, Founder and CEO of Euler Motors, said, “We have already established 100 HiLoads on the road within 10 days of product launch, which is a strong testament to how we are inspiring customer confidence in our product.
Vikas Mishra, Founder and CEO of MoEVing, said that India is on the right track in electric mobility and commercial logistics that will lead the change.
He added, “ We focused on growing our electric fleet to 1,00,000 by 2025. Hiload EV, Euler Motor’s product, is a compelling solution with the technology prowess to the problem of EV adoption in the unique scenario of India.”
Euler Motors said with the latest order, the post-launch order lineup for Hiload has crossed 3,500 vehicles, which includes orders from Flipkart, BigBasket and Udaan, with deliveries expected to be completed in the next 12-18 months.
It added, the company expects to see 5,000 deployments by the end of FY23.
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