The energy infrastructure and services provider for electric vehicles (EVs), Sun Mobility, on Thursday announced its partnership with cKers Finance.
Under the partnership, cKers Finance will provide debt financing facility to Sun Mobility, which will accelerate the deployment of EVs integrated with its swappable batteries as part of the company’s MaaS (Mobility as a service) model.
According to the release from Sun Mobility, it has started deploying high capacity Piaggio Ape e-Xtra e3W with third-party logistics (3PL) service providers the release stated.
It added that the demand for last-mile delivery decarbonisation is driven by e-commerce companies opting to replace their existing fossil fuel-based last-mile delivery fleets with EVs with a cumulative target of deploying over 50,000 EVs in the next three years.
Chetan Maini, Co-founder and Chairman, SUN Mobility, said, “We are targeting to deploy over a million EVs by 2025, towards achieving this goal. We are excited to partner with cKers’ to enable deployment of electric vehicles in India.”
Deepak Gupta, Business Development Head, cKers, said, “The last mile delivery segment is poised to see a significant deployment of electric small commercial vehicle fleets over the next three years given the strong operating cost advantage. cKers has been investing in EVs for over two years now and has already committed lines enabling deployment of over 2,500 e2Ws and 1,000 electric e3W-loaders by the end of current financial year.”