● Fyn to acquire 2000 quick charging Euler HiLoad EVs from Euler Motors to fulfill the rising demand from the logistics trade
● Partnership is part of Fyn’s growth plans into new geographies like Mumbai, Delhi and Coimbatore
● Euler Motors is predicted to ship over the subsequent 18 months
● With this partnership, Fyn goals to have the biggest 3 wheeler quick charging EV fleet in India
● Petronas-backed Gentari is financing Fyn to acquire all the order from Euler
Chennai/Bangalore, 13th 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 acquire 2000 quick charging 3 wheeler EVs. By 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 world chief in offering inexperienced mobility options. Gentari goals to determine Car as a service fleet in India, Malaysia and APAC to drive sustainable mobility swap 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 strategy 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 strategy will assist Euler Motors and Fyn to revolutionize the industrial EV section, pioneering the shift in the direction of eco-friendly mobility options.
Visakh Sasikumar, Founder CEO, Fyn, says, “Our objective is to empower our prospects to extract the utmost potential from their deployed EVs. To realize this objective, now we have leveraged our deep understanding of the EV panorama in India as now we have been forward of curve on many ranges. Quick charging is really a sport changer. To have a automobile prepared for fast redeployment via quick charging, has helped logistics corporations obtain their enterprise objectives 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 gas Fyn’s growth 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 expertise, 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, lowered whole price 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 possibility to not simply increase our market attain throughout India, but additionally permits us to handle essential features of EV possession, quick charging infra and operational excellence. We need 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 section. Collectively, Euler and Fyn goal 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 growth and nationwide affect. Fyn is rising 20% month-on-month, boasting an lively fleet of over 500 EVs. It’s presently working in Chennai, Hyderabad, and Bangalore. The corporate goals to increase its footprint to Mumbai, Delhi, and Coimbatore inside the subsequent 18 – 24 months., The collaboration will play a key position in enabling Fyn to attain its formidable objective of building a 5000-strong EV fleet by 2024. With the help and experience of Euler, Fyn is poised to speed up its development trajectory.
Fyn gives end-to-end final and mid-mile deliveries via sustainable EV options together with data-driven insights, to enhance productiveness in last-mile logistics and transportation area. Their sensible, inexperienced, and reasonably priced EVs fleets with rangers are revolutionizing transport and buyer deliveries in e-commerce, retail, FMCG and grocery supply sectors to call a couple of.
Based by Visakh Sasikumar at IIT Madras in 2013, the start-up has pivoted to constructing India’s main EV ecosystem expertise 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 varied 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
Based in 2018, Euler Motors is an automotive OEM targeted on electrical industrial autos. The corporate is creating & deploying modern expertise 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
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