Trucking News

MoEVing Places An Order of 1000 HiLoad EV’s To Euler Motors

TNI || New Delhi || 3rd Dec 2021

Euler Motors, one of the growing electric vehicle makers, has confirmed that it has bagged an order of 1000 units of its newly launched vehicle HiLoad EV three-wheeler cargo vehicle.

MoEVing is a Gurgaon-based holistic technology player especially focused on a full-stack solution for mass EV adoption and will deploy the vehicles pan India.

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The delivery of the vehicle from Euler Motors is expected to begin from this month and will go till 2022 end.

According to Euler’s founder and CEO, Saurav Kumar, their company has already deployed 100 HiLoads that are currently plying on the road that too within ten days of its launch.

This, as per him, is a strong testament to how they are inspiring customers confidence in their products.

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Vikas Mishra, who is the founder and CEO of MoEVing, says that their mission is to grow to a fleet of 100,000 electric vehicles by 2025. HiLoad according to him, is a compelling solution that has the technology prowess to adapt to India’s unique scenario.

A statement released from Euler confirms that with the latest order, the post-launch sales figure of HiLoad has gone beyond 3500 vehicles with orders coming from buyers such as Flipkart, BigBasket, and Udaan.

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These deliveries, according to the company, are expected to be taken care of within the next 12 to 18 months. Euler expects to see a deployment of 5000 HiLoad EV’s by the end of FY 2023.