- Through this partnership, Fyn aspires to establish India’s largest fleet of fast-charging EV 3Ws
- Euler Motors is anticipated to make deliveries within the coming 18 months
Fyn, the country’s first vertically integrated EV as a service platform, partners with Euler Motors to procure 2000 fast charging EV 3Ws. This collaboration is part of Fyn’s visionary expansion strategy, which includes venturing into new geographical markets such as Mumbai, Delhi, and Coimbatore.
Fyn, renowned for maximizing the efficiency of deployed EVs, has secured the necessary financing from Petronas-backed Gentari, a global leader in green mobility solutions. Gentari’s goal is to establish a Vehicle as a service fleet across India, Malaysia, and APAC to drive sustainable mobility adoption.
As the logistics sector experiences a surge in demand, Fyn is harnessing its platform to unite all stakeholders in the EV ecosystem. This effort aims to propel India towards a sustainable green mobility future.
Euler Motors is poised to deliver the 2000 Euler HiLoad EVs within the next 18 months, marking a strategic phased approach that aims to transform the commercial EV segment and pioneer eco-friendly mobility solutions.
Visakh Sasikumar, Founder CEO of Fyn, emphasized that their goal is to empower their customers to extract the maximum potential from their deployed EVs. He mentioned that to achieve this goal, they had leveraged their deep understanding of the EV landscape in India.
He also pointed out that fast charging is indeed a game changer. He stated that their partnership with Euler is a significant step towards building a mass electric ecosystem, transforming intracity transportation, and creating much-needed value for India.
The 3W LCV Euler HiLoad EV boasts modern features, including a 12.96 kWh battery pack with patented liquid cooling technology, the highest load capacity of 688 kgs in its category, and a torque of 88.55 Nm for unparalleled pulling power.
These attributes result in superior performance, extended battery life, reduced total cost of ownership, and minimal downtime, ultimately enhancing profitability for users.
Saurav Kumar, Founder and CEO of Euler Motors, stated that their association with Fyn enabled them to expand their market reach across India while addressing critical aspects of EV ownership, fast charging infrastructure, and operational excellence.
He mentioned that together, Euler and Fyn aimed to be catalysts of technological progress, revolutionizing mobility, and co-creating a sustainable future.
This strategic partnership marks a significant milestone in Fyn’s journey towards expansion and nationwide impact. The company, which is experiencing 20% month-on-month growth, currently operates in Chennai, Hyderabad, and Bangalore, with plans to expand to Mumbai, Delhi, and Coimbatore within the next 18 to 24 months.
Collaborating with Euler positions Fyn to achieve its goal of establishing a 5000-strong EV fleet by 2024, accelerating its growth trajectory with expertise and support.
Fyn offers end-to-end last and mid-mile deliveries through sustainable EV solutions, transforming transport and customer deliveries in various sectors. Founded in 2013 by Visakh Sasikumar at IIT Madras, Fyn combines in-depth EV expertise with its own EV ecosystem platform.
Founded in 2018, Euler Motors focuses on electric commercial vehicles designed for India’s unique needs. The company’s custom-made EVs are technologically superior and ready for mass adoption, making them a viable alternative to traditional mobility.
(This article is assisted by Chat GPT)