Euler ties up with LetsTransport
Through the partnership, Euler Motors hopes to gain a stronger foothold in the EV market.
EV maker Euler Motors has partnered with LetsTransport, an urban logistics aggregator based in Bengaluru, to deploy 1,000 HiLoad EVs. The EVs will be deployed in Bengaluru, Hyderabad and Delhi-NCR by the end of the year, with other cities to follow.
Through the partnership, Euler Motors hopes to gain a stronger foothold in the EV market, and expand its customer base with retailers, 3PL logistics, and fleet owners, the company said in a press release. The deployment of these vehicles will be handled by Euler Motors via its full stack ecosystem, including charging infrastructure and service support, while LetsTransport will manage customer mobilisation and retail delivery.
Saurav Kumar, founder and CEO, Euler Motors, said, “HiLoad’s unique value proposition, coupled with LetsTransport’s strong industry presence and in-depth logistics expertise make this partnership a win.”
Pushkar Singh, founder and CEO, LetsTransport added. “Intra City logistics is already on a transformation, with electric vehicles as their future. LetsTransport has been founded on a vision to build cleaner and sustainable logistics solutions with an emphasis to strengthen this ecosystem. We hope to deploy 300 EVs in 2022, and plan to deploy 3000 EVs by the end of 2025.”
Euler Motors has already begun deliveries for LetsTransport, with the first batch of vehicles running in the NCR. About 8,000 HiLoad EVs are slated for deployment in fiscal 2023.
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