Euler Motors and Fyn join forces to offer fast charging EVs for logistics in India

Euler Motors and Fyn join forces to offer fast charging EVs for logistics in India

 

In New Delhi: The vertically integrated EV as a service platform, Fyn, has teamed up with Euler Motors to buy 2000 fast-charging electric three-wheelers. Fyn has been a pioneer in maximizing the efficiency of deployed electric cars (EVs). By way of this partnership, Euler Motors will give Fyn the ability to build a sizable fast-charging electric 3W fleet that will be devoted to serve the booming B2B market with its flagship product, the Euler HiLoad EV.

A world leader in offering green transportation solutions, Gentari, which is sponsored by Petronas, has agreed to finance this agreement for Fyn. In order to promote the switch to the acceptance of sustainable mobility, Gentari plans to build a fleet of vehicles as a service in India, Malaysia, and APAC. The company targets a 10% market share for EVaaS and charging stations in India and other important APAC markets. 

Fyn is utilizing its ground-breaking platform strategy to bring all EV stakeholders together on a single platform and move India toward a future of sustainable green mobility. Over the next 18 months, 2000 Euler HiLoad EVs will be delivered by Euler Motors. By utilizing a smart, phased approach, Euler Motors and Fyn will revolutionize the commercial EV market and lead the transition to sustainable mobility options.

Visakh Sasikumar, Founder and CEO, of Fyn, said, “Our goal is to empower our customers to extract the maximum potential from their deployed EVs. To achieve this goal, we have leveraged our deep understanding of the EV landscape in India as we have been ahead of the curve on many levels. Fast charging is truly a game changer. To have a vehicle ready for quick redeployment through fast charging has helped logistics companies achieve their business goals in a more capital-efficient manner. Our partnership with Euler is a significant step towards building a mass electric ecosystem, transforming intra-city transportation, and creating much-needed value for India.”

With the help of the 3W LCV Euler Hiload EV from Euler Motors, Fyn will be able to enter new markets in India, such as Mumbai, Delhi, and Coimbatore. The HiLoad EV boasts of better performance, extended battery life, reduced total cost of ownership, and less downtime, which improves profitability for users, the company said in a media release. It also boasts the highest load capacity of 688 kg in the sub-one tonne vehicle category and torque of 88.55 Nm for best-in-class pulling power. Founder and CEO of Euler Motors, Saurav Kumar, remarked Our partnership with Fyn gives us the chance to quickly address important EV ownership issues as well as broaden our market reach across India.

With the help of the 3W LCV Euler Hiload EV from Euler Motors, Fyn will be able to enter new markets in India, such as Mumbai, Delhi, and Coimbatore. The HiLoad EV boasts of better performance, extended battery life, reduced total cost of ownership, and less downtime, which improves profitability for users, the company said in a media release. It also boasts the highest load capacity of 688 kg in the sub-one tonne vehicle category and torque of 88.55 Nm for best-in-class pulling power. 

Founder and CEO of Euler Motors, Saurav Kumar, remarked Through our partnership with Fyn, we have the chance to not only increase our market share in India but also address important issues like EV ownership, rapid charging infrastructure, and operational excellence. Over the next 18 months, we intend to deploy 2000 Euler HiLoad EVs using Fyn. Our steadfast commitment to EV adoption in the Indian business segment is the driving force for our cooperation. Together, Euler and Fyn want to revolutionize mobility and co-create a sustainable future where innovation meets sustainability. They want to be the catalysts for technical advancement. The strategic partnership with Euler Motors represents a significant turning point in Fyn’s quest toward growth and a national effect. 

Fyn, which has an active fleet of more than 500 EVs, is expanding 20% month over month. It is now running in Bangalore, Hyderabad, and Chennai. Within the following 18 to 24 months, the company plans to expand to Mumbai, Delhi, and Coimbatore. The partnership will be essential in helping Fyn realize its ambitious plan to build a 5000-strong EV fleet by 2024. According to the statement, Fyn is prepared to accelerate its growth trajectory with the assistance and knowledge of Euler.

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