Electric vehicle company Euler Motors and integrated electric mobility solutions provider Magenta Mobility have jointly announced the upscaling of their partnership with a new order of 2,000 HiLoad EVs. The latest extended order comes on the back of the successful fulfilment and delivery of 500 HiLoad EVs from Euler Motors to Magenta. The new order is a part of the four-year long partnership between both the parties.
For the new order, Euler Motors will manufacture the units at its production hub at Palwal, Haryana, and these are expected to be delivered within the next 18 months. The Euler HiLoad EVs comes with 12.96 kWh battery pack, and an ARAI certified range of 170 km and a 30% higher payload capacity of 688 kg. Both Euler and Magenta Mobility aim to support their clients across the country with their logistical needs. Both share the passion of catalysing electric mobility and addressing the multiplying demand in the dynamic Indian logistics market.
The companies also aspire to upgrade the commercial mobility space in the country through the deployment of these electric vehicles and also have a positive impact on reducing carbon emissions. The vehicle which is ‘Made in India’ and ‘Made for India’ will power clients with different types of use cases across varying terrain and weather conditions, enabling them with 30% higher earnings than any other 3W cargo in India.
Both Euler Motors and Magenta Mobility together aim to set the stage for a future where sustainable mobility powers logistics and profitability of businesses across the Indian economic landscape. “We are proud to have achieved this milestone in collaboration with Magenta Mobility, building upon our long relationship. Their trust in our electric vehicles reaffirms the prowess of our technology. Together, we have been able to build on and improve our product,” said Saurav Kumar, Founder & CEO of Euler Motors.
Magenta Mobility’s MD and CEO Maxson Lewis agreed with him, saying, “The decision to scale up significantly with an additional 2,000 electric vehicles is a testimony to our continued partnership. We anticipate that our alliance will not only positively influence the electric mobility landscape but also set new benchmarks for innovation across the industry.”