Euler Motors secures orders for 2,500 EVs from e-commerce companies

New Delhi-based automotive technology startup Euler Motors announced to have secured a total order of 2,500 units of its upcoming electric three-wheeler cargo carrier from e-commerce companies, including Udaan and BigBasket. It also comprises orders from hyperlocal and business-to-business (B2B) delivery players for intra-city deliveries.

The EV maker stated that the companies will deploy its electric vehicles across Delhi-NCR, Hyderabad, Bengaluru, and Chennai to transform and augment their operations. It added that deliveries of these vehicles will take place in the coming 6 to 8 months.

Founder and CEO of Euler Motors, Saurav Kumar, mentioned that they are glad to witness the strong pre-launch order booking, which is proof of the confidence of their customers and the persistent performance and value of their products.

The capital-based company is anticipated to launch its first three-wheeler cargo vehicle in the next quarter during the festive season. It stated that it is currently operating around 300 vehicles as a part of a pre-launch pilot program with e-commerce, FMCG companies for intra-city delivery in Delhi-NCR.

Kumar further elaborated that the company will soon be focusing on expanding its capacity and footprint to meet the augmented needs of its customers in more locations.

Hari Menon, BigBasket Co-Founder, mentioned that with the widespread acceptance of online deliveries by consumers, BigBasket is determined to electric mobility and is devoted to delivering smooth supply chains and allowing sustainable mobility.

Sujeet Kumar, Udaan Co-Founder, expressed similar views stating that the full-stack approach of Euler Motors has assisted companies in transitioning to electric mobility and has comforted their company in many of their daily fleet operations.

Kumar further added that they have witnessed a significant increase in operational productivity and tangible savings as their electric vehicles offer a higher payload capacity as compared to any other ICE vehicle.

Euler Motors, founded in 2018, continues to expand its electric commercial vehicle footprint while also managing a network of around 100 charging infrastructures in the Delhi NCR to assist EVs on the field.

Source Credits –

 https://www.moneycontrol.com/news/business/euler-motors-bags-order-for-2500-units-from-e-commerce-players-7375521.html