Euler Motors launches HiLoad electric three-wheeler cargo in India
A Delhi based Euler Motors launched its first electric three-wheeler cargo HiLoad in the Indian market. The new Euler HiLoad electric cargo three-wheeler has been launched with the price tag of Rs 3,49,999 (ex-showroom, India) and the pre-bookings are also open across the country. The deliveries will begin on January 15, 2022. Euler Motors claims that the HiLoad EV is India’s most powerful three-wheeler cargo which provides a range of 151km range on a single charge and has the highest payload capacity of 688 kg which is the highest in the three-wheeler cargo segment including ICE three-wheelers in India.
Euler Motors HiLoad electric cargo specifications
If we look at the technical terms of the Euler HiLoad electric three-wheeler cargo churns out 14.6bhp and 88.55Nm of peak torque and is powered by a 12.4 kWh lithium-ion battery which gives a certified range of 151 km.
It features 200 mm front disc brakes, projector headlamps, 3 kW onboard charge, regenerative braking, R12 tubeless tyres, battery monitoring system, advanced telematics and software assistance for fleet tracking and real-time charging. Apart from that its battery comes with an inbuilt thermal management system and liquid cooling technology that helps EV to run efficiently on any gradient. It is also IP67 certified water-resistant. It is available in four variants.
Saurav Kumar, founder & CEO, Euler Motors said, “I am very proud today, not just because we are launching the first product from the Euler Motors stable, but also because this product is set to redefine intra-city logistics in India. HiLoad is a world-class innovation from India, designed for India, boasting several category-first features. It is ready for the world.”
The company has received orders from BigBasket, Flipkart, and Udaan, along with other e-commerce, hyperlocal, and B2B delivery players for 2,500 units of its HiLoad electric three-wheeler cargo which will deploy across Delhi-NCR, Bengaluru, Hyderabad, and Chennai.
In March it announced that it has closed its Series A funding round at $9.5 million, with an additional investment of $2.6 million raised from new investor ADB Ventures. Earlier the company had raised Rs 30 crore about $4 million as part of the Series A funding. The round was led by existing investors Inventus India and Jetty Ventures with other participators.
And in August, Euler Motors announced that it has received orders for 2,500 vehicles from e-commerce companies like Big Basket, Flipkart and Udaan. Let us know more about Euler Motors bags orders. Euler Motors has also said that it has set to launch its first three-wheeler L5 cargo automobile. At present, the company is running a pilot project with e-commerce, FMCG companies for intra-city delivery in Delhi-NCR with its 300 vehicles. Many e-commerce companies such as Flipkart, Amazon, etc are planning to adopt electric vehicles for last-mile delivery of goods.
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