Three Wheels United, Euler Motors team up to deploy 1000 cargo e-3Ws
Bengaluru-based technology-enabled financier, Three Wheels United (TWU) has announced that it has partnered with Electric Vehicle (EV) manufacturer Euler Motors to fast-track the deployment of electric three-wheelers (e-3Ws) in India and encourage sustainable mobility.
As a part of the collaboration, TWU and Euler Motors will deploy over 1000 e-3Ws across Delhi NCR, Bengaluru, Chennai, and Hyderabad by the end of the financial year 2023.
Three Wheels United and Euler Motors will together work towards promoting the adoption of electric cargo three-wheeler 'Euler HiLoad EV'. With a payload capacity of 688 kg, Euler HiLoad claims to be India's most powerful three-wheeler cargo.
TWU will deliver the required financing solutions for cargo vehicle drivers to seamlessly switch to EV three-wheelers, and Euler Motors will support them with access to charging infrastructure, maintenance, and service of the vehicles, ensuring minimal downtime for operations.
Through this alliance, TWU and Euler Motors aim to create 'first-generation EV driver entrepreneurs' by helping them switch from renting to owning their vehicles.
Saurav Kumar, Founder, and CEO, Euler Motors, stated, "Access to easy financing is a critical market enabler for India to make a large-scale EV transition. Euler Motors and Three Wheels United, both, are committed to solving these EV ecosystem issues from the ground up. We are excited to partner with Three Wheels United and execute our common vision of zero-emission logistics and sustainable business operations. This partnership will help us drive the faster deployment of our customer order book of 3500 HiLoads with the required financing solutions. Euler Motors will continue to prioritize partnering with other players in the ecosystem who are accelerating the adoption of electric commercial EVs in India. At a user level, it also unlocks entrepreneurial opportunities, to empower drivers, provide them the required financial assistance and reap steady returns from EV operations."
Cedrick Tandong, CEO and Co-Founder, Three Wheels United, said "Euler Motors and Three Wheels United have a shared vision of reducing the climate impact of the transportation sector by eradicating barriers to mass adoption of EVs in India. We will continue to partner with large electric vehicle manufacturers to accelerate our efforts towards promoting sustainable last-mile connectivity."