Telangana-based electric vehicle company Etrio has launched a vehicle leasing model called ‘E-Lease’ for its newly launched completely made-in-India cargo electric three-wheeler ‘Touro’ Mini with monthly rental starting at Rs 6,300 for a tenure of three years.
The company says the three-wheeler segment has been the front-runner in India’s all-electric mobility vision by contributing over 90 percent of overall electric vehicle sales. However, the majority of the same has been led by the unorganised e-rickshaw market, with lead-acid batteries, poor build quality, numerous breakdowns, and lack of stability of the product. Touro Mini is the signature low-speed e-auto designed by Etrio that aims to set a new benchmark amongst the e-rickshaws / e-loaders in the market.
The Touro Mini is available in all the leading cities in India. It has a certified range of 100km on a single charge and has a payload capacity of up to 350kgs. It comes with an unmatched warranty of 3 years or 100,000km for its lithium-ion battery pack with convenient buy-back options. This coupled with a 3 year or 60,000km powertrain warranty. The Touro Mini cargo and passenger lithium-ion variants can be bought at a starting at a price of 187,000 (ex-showroom).
The electric three-wheeler is built on a proprietary monocoque chassis structure for longer shelf life, which has been uniquely engineered in a way to have a low centre of gravity thereby providing enhanced stability. Etrio is using in-house manufactured aluminium brake drums along with 4*8 tyre aid in superior road grip. An in-house developed rear axle with multiple bearings on each side ensures extremely high motor efficiencies. One of the fundamental problems of ineffective braking and high brake pad replacement in this segment is addressed by a complete hydraulic braking system. The trailing link suspension with helical spring and shock absorber ensure a smooth and stable ride compared to telescopic suspensions used in standard e-rickshaws. A complete sheet metal body ensures a high degree of strength coupled with cost-effective maintenance.
The company says all electric components are equipped with advanced CAN communication to ensure sophisticated automotive-grade performance and accurate data logging. All Touro Mini’s are equipped with an informative user-friendly best in class digital cluster. Touro Mini is run by a highly efficient BLDC motor. The lithium-ion variant comes with a state of art battery architecture to ensure higher product life and also addresses the issue of range anxiety in customers. The vehicle comes with a portable charger making it easy to charge anywhere including at a customer’s home using a regular 15 A socket.
Touro Mini also comes with an optional telematics unit which aids in cloud-based GPS tracking along with health check parameters of the vehicle via the Etrio app available on Google Playstore. A spacious driver cabin equipped with multiple storage compartments increases the utility by multiple-folds. Dual headlamps, dual-tone seat, and bull-inspired front grille adds to the aesthetics of the vehicle. All Touro Mini’s come loaded with optional accessories ranging from mobile charging socket, first aid kit, bottle holder and fire extinguisher among others.
Commenting on the announcement, Deepak MV, co-founder and CEO, Etrio said, “Touro Mini has been a quite successful launch for us and we are overwhelmed by the responses received for the product. We have worked on numerous pilots with key clients ranging from Amplus EV, Zypp Electric, Lithion Power and others. The positive feedback on the product has reinforced our belief in significant value addition to the last-mile delivery market. Since the launch, we have been continuously getting numerous inquiries for easy financing of our vehicles. E-Lease will provide a hassle-free ownership experience for key enterprise consumers by being asset-light in their books and propel Touro Mini to become an undisputed market leader. We are also ready with the Touro Mini passenger variant which will be introduced through our dealer channel.”
Touro Mini has undergone pilot runs at leading e-commerce and logistics companies in Hyderabad, Delhi, and Bangalore and the responses have been encouraging. The company has now come up with a first-of-its-kind leasing option whereby interested partners can remain asset-light without having any concerns about maintenance. With a minimum lock-in period of 18 months and by just paying Rs. 20,000 as the first-month instalment the vehicle will be made available to the customer for on-road use. The subsequent monthly EMI’s start from Rs 6,300 for the remaining tenure of 35 months. The E-Lease plan also gives the B2B customers the option to include the 80 cubic feet. load body, insurance, telematics, and registration charges into the E-Lease plan. Etrio plans to have this leasing option rolled to select a few clients based on their financial viability. The minimum order to avail the leasing option is 25 vehicles.