Euler Motors, an electric vehicle company, has partnered with LetsTransport, a Bengaluru-based urban logistics aggregator to deploy 1,000 HiLoad EVs. Both companies will collaborate to deploy these EVs in Bangalore, Hyderabad, Delhi-NCR and cover other cities across India over the next 12 months. With deployment of HiLoad vehicles, LetsTransport will bring EVs in their portfolio and strengthen its on-time delivery commitment with last-mile efficiencies.
The partnership will help Euler Motors increase its foothold in the EV market, and expand its customer base with retailers, 3PL logistics and fleet owners. 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. With load capacity at 688 kg, on road range of more than 151 km and a 12.4 KwH liquid-cooled battery, HiLoad claims to offer low total-cost-of-ownership.
Saurav Kumar, Founder and CEO, Euler Motors, 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. HiLoad’s unique value proposition, coupled with LetsTransport’s strong industry presence and in-depth logistics expertise make this partnership a win. I am thankful to Pushkar’s team for their confidence in Euler Motors. Together, we intend to make our EVs more accessible in India, increase deployments and drive segment growth.”
“Intra City logistics is already on a transformation, with electric vehicles as their future. LetsTransport has been founded on a vision to build cleaner and sustainable logistics solutions with an emphasis to strengthen this ecosystem. Euler Motors’ ambition, along with their industry leading EV technology in their HiLoad EV, makes them the right partner for this. Their product and supportive solutions make us confident about the business impact for our customers, as well as to 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”, said Pushkar Singh, Founder & CEO, LetsTransport.
Euler Motors has already commenced deliveries for LetsTransport, where the first batch of vehicles is operational in NCR. Following an excellent response for its recently launched HiLoad EV, Euler Motors has an order book surpassing 9,000 units, with retail and institutional deliveries happening across India. The company plans to deploy around 8,000 HiLoad EVs in the current financial year.
