Commercial electric vehicle asset management and finance is becoming one of India’s biggest emerging business opportunities. Here’s Log 9 joining the segment!
Log 9 has made a strategic entry into the electric vehicle (EV) asset management sector with the launch of Amphion. This platform combines financing, data analytics, charging infrastructure, and energy efficiency.
In focus of Amphion is the commercial EV sector. At the recebt Day Zero event organised by the company, the founders noted that Amphion will enhance asset utilisation and will work towards reducing operational downtimes. The target audience the company seemd to have finalised on include small and big fleet operators, individual drivers, and other EV ecosystem stakeholders.
At the moment, Amphion is claimed to be managing fleets with 2,500 EVs. It also has 600 charging stations on its network. In a nutshell, the company is handling assets worth INR 100 crore for over 150 fleets. According to the founders The platform has demonstrated impressive monthly growth rates of 20-30% and continues to expand its reach and capabilities.
Also Read: Scoop: Finayo Plans Rs 100 Cr Financing Fund For EV Dealerships
Dr Akshay Singhal, Founder & CEO, Log9, said, “The unveiling of Amphion marks a significant step in our journey, enhancing the reliability, serviceability, and operational insight of EV assets through a robust, data-driven approach. We’re excited about the potential of Amphion to transform the EV landscape.”
The company also launched a new battery specifically targeted towards the commercial EV sector. Named NexMile, it features a range of 120 km and a five year warranty.
