● Fyn to obtain 2000 quick charging Euler HiLoad EVs from Euler Motors to fulfill the rising demand from the logistics trade
● Partnership is part of Fyn’s enlargement plans into new geographies like Mumbai, Delhi and Coimbatore
● Euler Motors is anticipated to ship over the subsequent 18 months
● With this partnership, Fyn goals to have the most important 3 wheeler quick charging EV fleet in India
● Petronas-backed Gentari is financing Fyn to obtain all the order from Euler
Chennai/Bangalore, thirteenth September 2023: India’s first vertically built-in EV as a service platform, Fyn, which has emerged as a pioneer in maximizing effectivity of deployed EVs, has introduced a strategic partnership with Euler Motors to obtain 2000 quick charging 3 wheeler EVs. By way of this transformative alliance, Euler Motors will empower Fyn to determine the nation’s largest 3-wheeler quick charging EV fleet, devoted to serving the burgeoning B2B sector with its flagship product – the Euler HiLoad EV. Fyn has secured financing of this deal from Petronas-backed Gentari, a worldwide chief in offering inexperienced mobility options. Gentari goals to determine Car as a service fleet in India, Malaysia and APAC to drive sustainable mobility change and adoption. The corporate goals to have 10% market share of charging factors and EVaaS throughout key markets in APAC together with India.
To fulfill the rising demand from the logistics sector, Fyn is leveraging its modern platform method to unite all EV stakeholders on a single platform, driving India in the direction of a sustainable inexperienced mobility future. Euler Motors is all set to ship the 2000 Euler HiLoad EVs over the subsequent 18 months. This strategic phased method will assist Euler Motors and Fyn to revolutionize the industrial EV phase, pioneering the shift in the direction of eco-friendly mobility options.
Visakh Sasikumar, Founder CEO, Fyn, says, “Our purpose is to empower our clients to extract the utmost potential from their deployed EVs. To attain this purpose, we have now leveraged our deep understanding of the EV panorama in India as we have now been forward of curve on many ranges. Quick charging is actually a recreation changer. To have a automobile prepared for fast redeployment by way of quick charging, has helped logistics corporations obtain their enterprise targets in a extra capital-efficient method. Our partnership with Euler is a big step in the direction of constructing a mass electrical ecosystem, reworking intra metropolis transportation and creating much-needed worth for India.”
The 3W LCV Euler Hiload EV from Euler Motors will gasoline Fyn’s enlargement plans into new geographical markets inside India, together with Mumbai, Delhi, and Coimbatore. With options like a 12.96 kWh battery pack with patented liquid cooling know-how, highest load capability of 688 kgs within the sub-one tonne automobile class and torque of 88.55 Nm for best-in-class pulling energy the HiLoad EV, boast of higher efficiency, prolonged battery life, decreased whole value of possession and fewer down time which improves profitability for customers.
Commenting on this partnership, Saurav Kumar, Founder and CEO, Euler Motors stated, Our affiliation with Fyn provides us a chance to not simply broaden our market attain throughout India, but in addition permits us to handle essential elements of EV possession, quick charging infra and operational excellence. We wish to deploy 2000 Euler HiLoad EVs with Fyn over the subsequent 18 months. This alliance is pushed by our unwavering dedication for EV adoption within the Indian industrial phase. Collectively, Euler and Fyn purpose to be the catalysts of technological progress, revolutionizing mobility, and co-creating a sustainable future the place innovation meets sustainability.”
The strategic alliance with Euler Motors marks a pivotal milestone in Fyn’s journey in the direction of enlargement and nationwide affect. Fyn is rising 20% month-on-month, boasting an energetic fleet of over 500 EVs. It’s presently working in Chennai, Hyderabad, and Bangalore. The corporate goals to broaden its footprint to Mumbai, Delhi, and Coimbatore inside the subsequent 18 – 24 months., The collaboration will play a key function in enabling Fyn to realize its formidable purpose of creating a 5000-strong EV fleet by 2024. With the assist and experience of Euler, Fyn is poised to speed up its development trajectory.
About Fyn
Fyn provides end-to-end final and mid-mile deliveries by way of sustainable EV options together with data-driven insights, to enhance productiveness in last-mile logistics and transportation house. Their good, inexperienced, and inexpensive EVs fleets with rangers are revolutionizing transport and buyer deliveries in e-commerce, retail, FMCG and grocery supply sectors to call a number of.
Based by Visakh Sasikumar at IIT Madras in 2013, the start-up has pivoted to constructing India’s main EV ecosystem know-how platform with in-depth EV experience, gained by promoting greater than 1,000 EVs within the B2B market. With Fyn’s expertise of constructing EVs and deploying autos to help numerous fleets, they’re uniquely positioned with deep-EV know-how, experience in
product design together with their very own EV ecosystem platform that can assist with understanding every step concerned within the EV Logistics ecosystem
About Euler
Based in 2018, Euler Motors is an automotive OEM centered on electrical industrial autos. The corporate is creating & deploying modern know-how options to democratize a swift EV transition, constructing EVs which might be designed for India, from India. The corporate’s options are road-ready, technologically superior and competent that has already proved their mettle throughout Ecommerce and 3PL companies. With their customized made EVs, Euler Motors goals to create superior alternate options to conventional mobility for mass adoption of electrical autos. For extra particulars, please go to http://www.eulermotors.com
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