June 29, 2022

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euler motors: Magenta ties up with Euler Motors to deploy 1,000 e-cargo automobiles in key cities

EV options firm Magenta in affiliation with Euler Motors is planning to deploy 1,000 e-cargo three-wheelers in cities equivalent to Bengaluru, Hyderabad and Chennai in coming months. Moreover offering charging infrastructure for electrical automobiles (EVs) within the nation, Magenta owns EVET model of electrical automobiles.

Electrical industrial car maker Euler provides 688-kh capability e-cargo three-wheeler, HiLoad available in the market.

Beneath its eFaas (electrical fleet as a service) working mannequin, EVET provides a complete end-to-end resolution, Magenta stated in a press release.

The partnership has already deployed 100 EVET e-cargo three-wheelers in Bengaluru. The fleet is supposed for mid-mile and last-mile supply, servicing e-commerce, meals supply, pharma and different last-mile logistics purchasers, it stated.

Whereas Euler will cater to car deliveries and repair assist, EVET through its full stack know-how and ecosystem, will oversee buyer deployments and servicing final mile transportation, it stated, including the important thing cities focused for the deployments embody Hyderabad, Chennai, Bengaluru, amongst others.

Magenta stated underneath EVET, it’s already working over 400 electrical cargo transport companies, utilizing the electrical mobility platform. The corporate had earlier this yr introduced its purpose to deploy and function over 2400 EVs in its fleet in Bengaluru, Hyderabad, Mumbai and Chennai in 2022.

In response to the corporate, EVET has witnessed 10x development since launch within the Bengaluru market within the earlier fiscal yr.

“With the rising buyer confidence, we intend to make our EVs extra accessible and strengthen our presence in new markets and supply hubs of southern India,” stated Saurav Kumar, Founder and CEO, Euler Motors.

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Seed funded by HPCL in 2018, Magenta can also be backed by the Microsoft Startup Program additional to strengthen its superior know-how platform for e-mobility.