Welectric, MoEVing join forces to accelerate emobility adoption in India
Electric two-wheeler mobility startup Welectric has announced that it has partnered with logistics sector electrification startup MoEVing to fast-track the adoption of electric vehicles in last-mile delivery operations.
Under the partnership, Welectric will deliver 1,000 electric two-wheelers (e2Ws) on lease with after-sales and maintenance support to MoEVing.
To kick off the partnership, Welectric is providing 60 e2Ws to MoEVing in Bangalore. Both companies plan to scale up this partnership to over 1,000 e2Ws across major cities in India in the next few quarters, the two companies said in a declaration.
Commenting on the partnership, Welectric Founder and CEO Vikas Jain said, "this partnership will permit MoEVing to grow their business in an asset-light model without worrying about maintenance or aftermarket of their electric 2Ws."
Welectric's fast-growing B2B business is helping it forge strong industry partnerships and build expertise around performance and maintenance of e2Ws of different brands, he added.
MoEVing Founder & CEO Vikash Mishra said, "we will hit the 1,000 EV target very soon and hope to sign up for the next 10,000 EVs with Welectric. This asset-light approach helps us scale up the electric mobility transition in the last mile delivery space across the country."
While Welectric focuses on solving finance, maintenance, and aftermarket challenges for e2Ws, MoEVing is building a technology platform to fast-track electrification of the complete logistics space (2W, 3W, and 4Ws) through an integrated approach of demand aggregation, supply optimization, and connected charging infrastructure, the declaration said.