On Monday, Euler Motors, a manufacturer of electric commercial vehicles, announced that BigBasket, Flipkart, Udaan, and some other e-commerce, hyperlocal and B2B delivery players have placed an order with it for 2,500 EVs for intra-city deliveries.
The companies will deploy Euler Motors’ EVs for first, mid and last-mile operations across Delhi-NCR, Bengaluru, Hyderabad and Chennai. Deliveries of these vehicles are scheduled to take place in the next six to eight months.
The Delhi-based OEM company also announced the launch of its first three-wheeler L5 cargo vehicle around the festive season this year. The company is currently plying 300+ vehicles as part of a pre-launch pilot with e-commerce and FMCG companies for hyperlocal delivery in Delhi-NCR.
Euler claims of clocking over 10 million km and helping reduce carbon emissions of over 1,000 tonnes, which is equivalent to 1 million litres of saved fuel.
Euler Motors has demonstrated compelling advantages and a unique value set on these counts, stemming from superior technology, their design for Indian conditions and relentless focus on user experience,”~ Hari Menon, Co-Founder, BigBasket
To cater to rising demand for e-commerce purposes, Euler Motors also plans to expand its production capacity. The company has already raised funds from ADB Ventures, Blume Ventures, Inventus Capital India, Jetty Ventures. Euler Motors also manages a network of 100+ charging infrastructure in Delhi-NCR to support Electric Vehicles on the ground.
We at Udaan remain steadfast in our endeavor to move our fleet to EVs as they are economical and environmentally friendly. The full-stack approach that Euler Motors has taken to help companies transition to electric mobility has given us a lot of comfort in day-to-day operations of our fleet.”~ Sujeet Kumar, Co-Founder, Udaan
According to Saurav Kumar, founder and chief executive, Euler Motors, the company is delighted to see the strong pre-launch order booking, which is testimony to the customer confidence and the product’s strong performance and value proposition.
“Our vision is to transform the commercial EV segment and its impact on India and set global benchmarks. We will soon focus on expanding our capacity and footprint to better meet our customers in more locations and scale expectations,” Kumar said.