Can this Delhi startup make a dent within the mild industrial EV race?, Auto Information, Automobilnews – Information by

Can this Delhi startup make a dent within the mild industrial EV race?, Auto Information, Automobilnews

Euler Motors

With EV adoption underneath full-swing, alternatives for legacy producers and new gamers within the industrial autos sector are considerable. On this transitional part, the necessity for efficient and environment friendly electrical options of business car codecs of two, 3 and 4 wheelers must be addressed. Whereas Tata Motors simply final week launched the electrical model of its extremely standard SCV, the Ace pick-up, startups comparable to Euler Motors are additionally bringing in merchandise with industry-leading specs in a bid to dominate the industrial electrical three-wheeler house.

Based in 2018, Euler Motors is targeted on growing electrical mild industrial autos (LCVs). The corporate claims its HiLoad EV boasts of probably the most superior tech within the L5 class, when it comes to vary, battery and payload capability. That is not all, the startup additionally introduced a buyer order e-book for 3000+ HiLoad EVs from main e-commerce platforms comparable to BigBasket, Flipkart, Udaan and extra.

To validate these claims, TOI Auto spoke to Euler Motors founder and CEO, Mr Saurav Kumar, with an intention to know what makes the HiLoad EV higher than the prevailing competitors. ‘There are a few differentiating elements between the HiLoad EV and its present opponents. As an illustration, it’s the solely ECV three-wheeler to function a liquid-cooled battery pack. We provide the most important battery capability within the section, at 12.4kWh which provides 120kms of vary on a full cost. Throughout ARAI testing the HiLoad EV gave 150+kms of vary. Our mild ECV can be the one product on this section to supply quick charging. It helps each DC and AC001 charging in order that it may be charged each at residence and outdoors by third-party quick chargers. And lastly, the HiLoad EV has a payload capability of 688 kg, which is 30-40 per cent greater than the competitors.’ Saurav Kumar stated. Amongst different noteworthy upgrades within the HiLoad EV, is the addition of wider tyres, projector headlamps and 200mm disc brakes.

To help their electrical LCVs and clients, the corporate has already established a community of 100+ charging services in Delhi NCR that may cost 200+ autos at any given level. Going ahead, the EV maker plans to develop its footprint in 12 new main cities comparable to Bengaluru, Hyderabad and Chennai by subsequent fiscal. Present orders from main e-commerce will assist drive the deployment of the HiLoad EVs in these cities and work is already underway to arrange Euler charging networks.

General, the corporate stories that it has raised a complete of USD 21.6 million from a number of main traders until date. Deliveries of the HiLoad EV started in January 2022 and the corporate expects to make Rs 20 crores in income on the finish of this monetary yr. They’re focusing on to attain Rs 300 crore in income by finish of FY23 and ship 8,500 items of the HiLoad EV to consumers. Kumar additionally shared with TOI Auto, that work on a bigger manufacturing facility is underway in Delhi NCR. As soon as accomplished the power can be able to producing 35,000 EVs a yr.

Can this Delhi startup make a dent within the mild industrial EV race?, Auto Information, Automobilnews – Information by


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