Euler Motors and Magenta Mobility have announced the expansion of their partnership with an order for 2,000 HiLoad Electric Vehicles (EVs). The announcement comes on the heels of the successful delivery of 500 HiLoad EVs, marking a pivotal moment in their four-year-long collaboration.
The new order signifies a strong commitment to advancing sustainable transportation solutions and reducing carbon emissions in the commercial mobility space. The HiLoad EVs for this extended order will be manufactured at Euler Motors' state-of-the-art production and manufacturing hub in Palwal, Haryana, with deliveries expected within the next 18 months.
Euler Motors, recognised for its innovation in the electric vehicle sector, and Magenta Mobility, a leading integrated electric mobility solutions provider, have set their sights on transforming the logistics landscape in India. The vehicles, designed with a focus on 'Made in India, Made for India,' boast industry-leading features, including a 13 (12.96) kWh battery pack, an ARAI certified range of 170 km (Real RangeTM 100-120 km), and a 30% higher payload capacity of 688 kg.
The collaboration aims to empower clients across India with diverse use cases, catering to various terrain and weather conditions. These electric vehicles are expected to provide a 30% higher earnings potential compared to any other 3W cargo in India, emphasising their economic viability for businesses.
Saurav Kumar, Founder & CEO of Euler Motors, expressed his pride in the successful partnership, highlighting the trust placed in their electric vehicles by Magenta Mobility. He emphasised the role of the collaboration in driving widespread adoption of electric vehicles in India, promoting sustainable and eco-friendly transportation.
Maxson Lewis, Managing Director & CEO of Magenta Mobility, shared his perspective on the alliance, expressing confidence in Euler Motors' capabilities. Lewis noted the exceptional quality of the vehicles and the efficient management of timelines, stating that the decision to scale up significantly with an additional 2,000 electric vehicles is a testament to their continued partnership.
The collaboration between Euler Motors and Magenta Mobility is not only influencing the electric mobility landscape but is also setting new benchmarks for innovation in the industry. Together, they envision a future where sustainable mobility plays a central role in powering the logistics and profitability of businesses across the Indian economic landscape.