Electric vehicle manufacturer Euler Motors has received an order of 1000 HiLoad three-wheeler, electric cargo vehicle from MoEVing, a Gurgaon-based holistic technology player focused on full-stack solutions for mass EV adoption. The company has planned to deploy these electric three-wheelers across the country.
Euler Motors recently launched its first electric cargo three-wheeler for the Indian market and it has proven to be one of the most powerful evs in the country. It has been priced at Rs 3.50 lakh and bookings for the same are already open. According to Euler Motors, the deliveries of its HiLoad EVs will commence from December 2021 and it will carry through till the end of next year.
With fresh orders from MoEVing, the post-launch order bank for the HiLoad EV crosses 3,500 units, including orders from Flipkart, BigBasket and Udaan. Euler Motors expects to see 5,000 deployments by the end of FY23, commanding around 40-50 per cent market share in the electric CV space. Also, the company says that 100 HiLoad EVs have already been deployed in Delhi-NCR and Bangalore.
Vikas Mishra, Founder and CEO, MoEVing. Said, “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.”
Saurav 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.”