Euler Motors bags order to supply 2,000 HiLoad EVs to Magenta Mobility

The HiLoad EVs will be produced at Euler Motors’ manufacturing hub at Palwal, Haryana, and are expected to be delivered within the next 18 months.  

Euler - Magenta

Euler Motors, an electric vehicle company has extended its partnership with Magenta Mobility with a new order of 2,000 HiLoad EVs.

The EV maker says the new extended order comes on the back of the successful fulfilment and delivery of 500 HiLoad EVs from Euler Motors to Magenta. This underscores the 4-year partnership between Euler Motors and Magenta Mobility.

The HiLoad EVs will be produced at Euler Motors’ manufacturing hub at Palwal, Haryana, and are expected to be delivered within the next 18 months.  

Magenta Mobility will extend its fleet of green vehicles for its client’s logistics needs. The Euler HiLoad EVs feature 13 (12.96) kWh battery pack, an ARAI-certified range of 170km (claim real-world range 100-120km), and a 30% higher payload capacity of 688 kg. The ‘Made in India, Made for India’ vehicles will power clients with different types of use cases across varying terrain and weather conditions, enabling them with upto 30 percent higher earnings than any other 3W cargo in India.

Saurav Kumar, Founder & CEO, Euler Motors said “We are proud to have achieved this milestone in collaboration with Magenta Mobility, building upon our long relationship. Their trust in our electric vehicles reaffirms the prowess of our technology. Together, we have been able to build on and improve our product. This continued collaboration will not only drive the widespread adoption of electric vehicles in India but will also inspire a nationwide shift towards sustainable and eco-friendly transportation.”

Maxson Lewis, MD & CEO, Magenta Mobility said, “Witnessing the exceptional quality of their vehicles and their impeccable management of timelines, we have great confidence in Euler Motors’ capabilities. The decision to scale up significantly with an additional 2,000 electric vehicles is a testimony to our continued partnership. We anticipate that our alliance will not only positively influence the electric mobility landscape but also set new benchmarks for innovation across the industry.”

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

This article was first uploaded on February eight, twenty twenty-four, at eighteen minutes past twelve in the night.
Market Data
Market Data