Noida-based electric vehicle start-up Euler Motors has received an order of 1,000 vehicles from MoEVing, for the recently launched HiLoad EV.
MoEVing will deploy these vehicles across India; vehicle delivery from Euler Motors is expected to commence from this month and will carry through till the end of 2022, the company said in a press release.
With this, the post-launch order lineup 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. Already 100 HiLoad EVs have been deployed in Delhi/NCR & Bangalore.
Vikas 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.”
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.”
While Euler Motors already manages a network of 200+ charging stations in Delhi NCR to support electric vehicles on the ground, it has also introduced flexible charging systems. The network ranges from mobile ‘Charge on Wheels’ service stations to advanced charging variants – such as home or onboard chargers and fast chargers, which are available for a seamless customer experience with EVs.