Fyn to procure 2,000 fast charging 3-wheeler EVs from Euler Motors
Fyn, a vertically integrated electric vehicle ecosystem platform for EV logistics, has announced a strategic partnership with Euler Motors to procure 2,000 fast charging 3 wheeler EVs.
Through this alliance, Euler Motors will enable Fyn to establish the country’s largest 3-wheeler fast charging EV fleet, to serve the B2B sector with its flagship product – the Euler HiLoad EV. Fyn has secured financing of this deal from Petronas-backed Gentari, a global leader in providing green mobility solutions. Gentari aims to establish Vehicle as a service fleet in India, Malaysia and APAC to drive sustainable mobility switch and adoption. The company aims to have 10% market share of charging points and EVaaS across key markets in APAC including India.
Visakh Sasikumar, Founder CEO, Fyn, says, “Fast charging is truly a game changer. To have a vehicle ready for quick redeployment through fast charging, has helped logistics companies achieve their business goals in a more capital-efficient manner. Our partnership with Euler is a significant step towards building a mass electric ecosystem, transforming intra city transportation and creating much-needed value for India.”
Commenting on this partnership, Saurav Kumar, Founder and CEO, Euler Motors said, “Our association with Fyn gives us an opportunity to not just expand our market reach across India, but also allows us to address critical aspects of EV ownership, fast charging infra and operational excellence. We are looking to deploy 2,000 Euler HiLoad EVs with Fyn over the next 18 months.”
Fyn has an active fleet of over 500 Evs and is presently operating in Chennai, Hyderabad, and Bangalore. The company aims to expand its footprint to Mumbai, Delhi, and Coimbatore within the next 18 – 24 months. Fyn plans to establish a 5,000-strong EV fleet by 2024.
