Euler Motors, one of the emerging electric-vehicle company especially in the commercial vehicle segment, has bagged a 1000-vehicle order from MoVing for its recent offering, i.e. HiLoad. The demand for electric vehicles in the country is now being seen even in the commercial segment. MoEVing is a technology player whose aim is to provide full-stack solutions for mass EV adoption.
As a part of this 1000-vehicle order, MoEVing will deploy these vehicles across India. The deliveries will most likely start from December 2021, and run throughout the end of 2022. Other than this, Euler Motors has also received orders from e-commerce giants like Flipkart, BigBasket and Udaan. The deliveries for these companies will happen over the next 12 to 18 months.
HiLoad – A Brief Overview
Euler Motors claims that HiLoad is the most powerful cargo-three wheeler in the country. And this is because it has the highest payload capacity that also includes ICE cargo vehicles. The equipped battery has a power rating of 12.4 kWh with a certified range of 151 km. The company also claims that this cargo vehicle gets unique design elements to suit the Indian road conditions. Given the rise in demand, the company is also expanding its production capacity in Delhi-NCR.
The Roadmap Ahead
Euler Motors expects to see over 5,000 deployments by the end of FY23. And this will command a market share of 40 to 50 per cent in the electric commercial vehicle space. As of today, more than 100 units of HiLoad have already been deployed in Delhi NCR and Bengaluru. Given the influx of electric vehicles on the road, it is equally important to enhance the charging infrastructure in the country.
Currently, Euler Motors has a network of over 200+ charging stations in Delhi NCR. And in addition to this, the company has also introduced flexible charging stations. The various charging solutions include mobile Charge on Wheels, home or on-board chargers and fast chargers. Going forward, the company will expand its charging network, which will help the vehicles reach more remote locations.