Euler Motors, LetsTransport join forces to deploy 1,000 HiLoad EVs
Electric vehicle maker, Euler Motors has announced that it has partnered with urban logistics aggregator LetsTransport to deploy 1,000 units of its electric three-wheeler HiLoad, in the commercial segment.
Over the next 12 months, the two companies will collaborate to deploy these EVs in Bangalore, Hyderabad, and Delhi-NCR and cover other cities across India, the company said in a statement.
"Euler Motors will oversee deployment of these vehicles via its full-stack ecosystem of charging infrastructure and service support, while LetsTransport will enable customer mobilization and retail deliveries," it added.
Commenting on the association, Euler Motors Founder and CEO Saurav Kumar said, "Our partnership with LetsTransport is yet another successful milestone in the pursuit to bring a real change in EV adoption and aggressively expand our customer footprint in India." LetsTransport Founder & CEO Pushkar Singh said intra-city logistics is already on a transformation, with electric vehicles as the future.
"Their (Euler Motors) product and supportive solutions make us confident about the business impact for our customers, as well as for the larger society. We are excited about working with Saurav and his team, and will place 300 EVs in 2022, and plan to deploy 3000 EVs by end of 2025," he added.
HiLoad has a load capacity of 688 kg with an on-road range of 151 km on a single charge and a 12.4 KwH liquid-cooled battery, Euler Motors said, adding it has an order book of over 9,000 units.
The company plans to deploy around 8,000 HiLoad EVs in the current financial year, it added.