Euler Motors, Fyn sign deal for fast charging EVs

Fyn, India’s first vertically integrated EV as a service platform, has partnered with Euler Motors to procure 2,000 fast charging three- wheeler EVs.

“Through this transformative alliance, Euler Motors will empower Fyn to establish the country's largest 3-wheeler fast charging EV fleet, dedicated to serving the B2B sector with its flagship product - the Euler HiLoad EV,” says the official release.

Fyn has secured funding from Petronas-backed Gentari, a global leader in providing green mobility solutions. Gentari aims to establish vehicles as a service fleet in India, Malaysia and APAC to drive sustainable mobility switch and adoption. The company aims to have 10 percent market share of charging points and EVaaS across key markets in APAC including India.

To meet the growing demand from the logistics sector, Fyn is leveraging its innovative platform approach to unite all EV stakeholders on a single platform, driving India towards a sustainable green mobility future. Euler Motors will deliver 2,000 Euler HiLoad EVs over the next 18 months. This strategic phased approach will help Euler Motors and Fyn to pioneer the shift towards eco-friendly mobility solutions.

Visakh Sasikumar, Founder CEO, Fyn, says, “Our goal is to empower our customers to extract the maximum potential from their deployed EVs. To achieve this goal, we have leveraged our deep understanding of the EV landscape in India as we have been ahead of curve on many levels. 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.”

The 3W LCV Euler Hiload EV will fuel Fyn's expansion plans into new geographical markets within India, including Mumbai, Delhi, and Coimbatore. With features like a 12.96 kWh battery pack with patented liquid cooling technology, highest load capacity of 688 kilogrammes in the sub-one tonne vehicle category and torque of 88.55 Nm, the HiLoad EV offers better performance, extended battery life, reduced total cost of ownership and less down time which improves profitability for users.

Saurav Kumar, Founder and CEO, Euler Motors says, “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 2000 Euler HiLoad EVs with Fyn over the next 18 months. This alliance is driven by our unwavering commitment for EV adoption in the Indian commercial segment. Together, Euler and Fyn aim to be the catalysts of technological progress, revolutionising mobility, and co-creating a sustainable future where innovation meets sustainability.”

Fyn is growing at 20 percent month-on-month with an active fleet of over 500 EVs operating in Chennai, Hyderabad, and Bangalore.