Euler, Fyn partner to deploy 2,000 fast-charging HiLoad electric three-wheelers: Here’s why

Bengaluru-based logistics company Fyn Mobility has partnered with EV manufacturer Euler Motors to acquire 2,000 fast-charging 3-wheeler EVs. As part of this partnership, the duo aims to create the country’s largest 3-wheeler fast-charging EV fleet, serving the growing B2B sector with Euler Motors’ flagship product, the Euler HiLoad EV.
Financing for this deal has been secured from Gentari, backed by Petronas, a Malaysian energy group.
Gentari said that it aims to establish a ‘Vehicle as a Service’ fleet across India, Malaysia, and the APAC region to drive sustainable mobility adoption, with a target of capturing a 10% market share in charging points and EVaaS in key APAC markets, including India. Euler Motors plans to deliver the 2,000 Euler HiLoad EVs over the next 18 months.

The Euler HiLoad EV boasts of features such as a 12.96 kWh battery pack with liquid cooling technology, a load capacity of 688 kgs, and high torque for enhanced performance and profitability.
Fyn Mobility said that it aims to expand its footprint to Mumbai, Delhi, and Coimbatore within the next 18 to 24 months. Besides that, the company is planning to establish a 5,000-strong electric three-wheeler fleet by 2024.
In August 2023, electric three-wheelers in both the passenger and cargo categories saw a significant growth. Passenger E3W sales in August stood at 51,095 units while in the cargo segment, 5,651 units were sold, as per the data available on the government’s Vahan Portal.
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