Euler Motors launches electric 3W cargo at Rs 3.50 lakh onward

Euler Motors, an electric vehicle company founded in 2018 which has been  in the business of leasing out electric three-wheeler cargo vehicles in the L3 and L5 categories, has finally launched an electric cargo three-wheeler HiLoad for B2B consumers at a starting price of Rs 3,49,999.

The company claims that the HiLoad is India’s most powerful 3W Cargo vehicle. Boasting the highest payload capacity across the 3W cargo segment in India (including ICE), it also has a powerful combination of highest battery power (12.4 kWh) and certified range (151 KM) on a single charge.

The HiLoad has six segment first innovations in 3W cargo that are suited to deliver higher performance and longer life in the unpredictable Indian road and weather conditions.

The HiLoad battery pack comes with an inbuilt thermal management system and liquid cooling technology that allows vehicles to run efficiently on any gradient and withstand ambient temperatures thus offering a long-lasting battery life. The IP67 certified battery of the vehicle ensures high end performance and efficient operations in waterlogging scenarios as well. The vehicle is equipped with advanced telematics and software assistance for fleet tracking, battery monitoring and real time charging.

In its segment, HiLoad is the first EV to have 200 mm front disc brakes for better stopping distance and manoeuvrability. Boasting a torque range at 88.55 Nm and 10.96 kW peak power, it provides a ground clearance of 190mm, gradeability 9.45 deg and a top speed of around 40+ kmph. It is designed to deliver best -in -class space, payload, power and pick up with lowest maintenance coupled with smart ergonomics for driver comfort.

“I am very proud today, not just because we are launching the first product from the Euler Motors stable, but also because this product is set to redefine intra-city logistics in India. HiLoad, is a world class innovation from India, designed for India, boasting several category-first features. It is ready for the world”, said Saurav Kumar, Founder and CEO, Euler Motors.

The company’s new ‘Charge on Wheels’ mobile service station will provide charge and service to the vehicle at any given location or breakdown point. The vehicle has been launched with three new advanced charging variants – home or on-board chargers provided with the vehicles; lightning chargers that can give 50 Km charge in 15 minutes and Charge on Wheels for an enhanced customer experience.

Euler Motors already manages a network of 200+ charging infrastructure in Delhi NCR to support electric vehicles on ground. Several mainstream ecommerce players have already executed successful pilots with Euler Motors for their last mile delivery requirements, deploying 250+ vehicles to date.

In fact, BigBasket, Flipkart and Udaan, along with other ecommerce, hyperlocal and B2B delivery players, have already placed an order for 2,500 EVs for intra-city deliveries. The companies will deploy Euler Motors’ EVs across Delhi NCR, Bengaluru, Hyderabad and Chennai to transform and strengthen their first, mid and last mile operations. Deliveries of these vehicles are scheduled to take place in the next 6-8 months.

Euler Motors aims to put 5,000 units on road by FY23 and plans to expand to new markets such as Mumbai, Bangalore, Chennai, Hyderabad and Pune. The current model launched is available across all markets at a price of Rs. 3,49,999/-, via retail with easy EMI support. The pre-booking of HiLoad is open across India.

Since inception the company has raised USD 11.3 Million from ADB Ventures, Blume Ventures, Inventus Capital India, Jetty Ventures, including repeat investments from several investors.