Motors, an electric vehicle company, has received an order of 1,000 vehicles
from MoEVing, for the recently launched HiLoad EV, India’s most powerful
three-wheeler cargo vehicle.
is a Gurgaon-based holistic technology player focused on full stack solutions
for mass EV adoption. MoEVing will deploy these vehicles across India. Vehicle
delivery from Euler Motors is expected to commence from December 2021 and will
carry through till the end of 2022.
this, the post launch order line up for HiLoad crosses 3,500 vehicles,
including orders from Flipkart, BigBasktet and Udaan with deliveries expected
to complete over the next 12-18 months. Euler Motors expects to see 5,000
deployments by the end of FY23, commanding a 40-50% market share in the
electric commercial vehicle space. 100 HiLoad EVs have already been deployed in
Delhi/NCR & Bangalore.
Mishra, Founder and CEO, MoEVing, said, “India is on the right track with
regards to electric mobility, and there is no doubt that commercial logistics
will spearhead this transition. Our mission at MoEVing is to grow our electric
fleet to 100K by 2025. Euler Motors’ product, HiLoad, is a compelling solution
with the technology prowess to the problem of EV adoption in India’s unique
scenario. Working towards a future where there are no urban transport
emissions, especially due to last-mile logistics, we are excited to deploy
HiLoad in our fleet.”
Kumar, Founder and CEO, Euler Motors, said, “Euler Motors and MoEVing share a
synergy of vision in the EV space, and we are delighted to be partnering with
them and further our mission to achieve zero emission logistics, with
unparalleled product, technology and ecosystem solutions. We have already
deployed 100 HiLoads on the road within 10 days of the product launch, which is
a strong testament of how we are inspiring customer confidence in our product.
We aim to demonstrate robust impact, ensure continued TCO and look forward to a
solid partnership with MoEVing in the long run.”
EV, from Euler Motors, is India’s most powerful cargo three-wheeler, 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) in a single charge. The vehicle is designed
uniquely for India, from India, with six segment-first innovations in 3W cargo
suited to deliver higher performance and longer life in the unpredictable
Indian road and weather conditions. The company is also expanding its
production capacity in Delhi-NCR to meet the growing customer requirements of
scale and location.
Euler Motors already manages a network of 200+ charging stations in Delhi NCR
to support electric vehicles on ground, it has also introduced flexible
charging systems. These range from mobile ‘Charge on Wheels’ service stations
to advanced charging variants – such as home or on-board chargers and fast
chargers which are available for a seamless customer experience with EVs.
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