Hero Electric partners Alt Mobility to lease 10,000 Hero Nyx by 2023

Hero Electric is partnering with Alt Mobility,a platform for leasing of electric vehicles for the logistics market. Under the collaboration, both the companies will work with logistic aggregators and fleet operators to deploy 10,000 Hero Nyx electric two-wheelers by 2023.

Alt Mobility offers two and three-wheeler electric vehicles on an affordable monthly subscription to fleet operators. They cover the financing, road tax, auto insurance, and service and spare costs of the EVs.

Sohinder Gill, CEO, Hero Electric, said, “At Hero, we strive to provide 360-degree solutions to our B2B customers through our strong network presence across India. This association will aid us in enabling carbon-free mobility in the logistics market and cater to consumer needs of last-mile delivery offered by ALT Mobility.”

Dev Arora, CEO of Alt Mobility, added, “We have conducted extensive tests on the ground and spent several months with the Hero Electric team before building our conviction that the Hero Nyx EV is a bankable vehicle for intensive logistic operations. To further boost the bankability of electric vehicles, we connect our fleets with intelligent sensors and technology platform to map vehicle to our partners, manage trips, conduct health and diagnostics, provide service alerts, and improve rider behavior to get the maximum performance and life from the vehicle.”

Aiming to convert 35% of sales from the B2B segment in the next four years, Hero Electric is looking to maximise traction towards EV transition in India. The logistics and the last-mile delivery segment is growing at robust pace and the electric two-wheeler manufacturer aims to continue such collaborations to boost EV adoption.