Three Wheels United has joined hands with Euler Motors to accelerate the adoption of electric three-wheelers in India and promote sustainable mobility. As per the agreement between two brands, TWU and Euler Motors will deploy over 1000 EV 3-wheelers across Delhi NCR, Bengaluru, Chennai, and Hyderabad by the end of the financial year 2023. For those asking, Three Wheels United is a Bengaluru-based tech-enabled financier of light electric vehicles and it will provide the required financing solutions to cargo vehicle drivers so that they can switch to EV three-wheelers.
Three Wheels United and Euler Motors will jointly work towards promoting the adoption of electric cargo three-wheeler ‘Euler HiLoad EV’. Having a payload capacity of 688 kgs, Euler HiLoad is India’s most powerful three-wheeler cargo. It is powered by a battery pack of 12.4 kWh with a certified range of 151 kms. Designed uniquely for India and from India, the HiLoad has the highest payload capacity across the 3W cargo segment in the country including ICE vehicles. Euler Motors will provide charging infrastructure, maintenance, and service of the vehicles, ensuring minimal downtime for operations. Through this partnership, TWU and Euler Motors aim to create ‘first generation EV driver entrepreneurs’ by helping them transition from renting to owning their own vehicles.
“Access to easy financing is a critical market enabler for India to make a large-scale EV transition. Euler Motors and Three Wheels United, both, are committed towards solving these EV ecosystem issues from the ground up. Three Wheels United is an expert financier in the electric CV space, and their proven success with their tailor made and flexible EV financing solutions is already elevating the EV segment. We are excited to partner with Three Wheels United and execute our common vision of zero emission logistics, and sustainable business operations. This partnership will help us drive a faster deployment of our customer order book of 3500 HiLoads with the required financing solutions. Euler Motors will continue to prioritize partnering with other players in the ecosystem who are accelerating adoption of electric commercial EVs in India. At a user level it also unlocks entrepreneurial opportunities, to empower drivers, provide them the required financial assistance and reap steady returns from EV operations”, said Saurav Kumar, Founder and CEO, Euler Motors.
Vyankatesh is currently associated with Mercedes-Benz Research and Development India Pvt. Ltd. (MBRDI) as Vice PresidentMore...