Currently, Magenta operates over 400 electric cargo transportation services under the EVET umbrella, and new additions will include mid-mile and last-mile delivery service for e-commerce, food delivery, pharmaceuticals and other logistics customers .
see photosSaurav Kumar, Founder and CEO, Euler Motors and Darryl Dias, Co-Founder and Director, Magenta.
Electric mobility solutions firm Magenta has deployed over 100 electric cargo vehicles under its EVET brand in Bengaluru, in partnership with Euler Motors, with plans to deploy 1,000 more in the coming months. Magenta, which launched its e-mobility platform under the EVET (Electric Vehicle Enabled Transport) brand earlier this year, aims to have over 2,400 electric vehicles (EVs) in its fleet in Bengaluru, Hyderabad, Mumbai and Chennai by the end. to deploy and operate. of 2022. Currently, Magenta is operating over 400 electric cargo transportation services under the EVET umbrella, and new additions will include mid-mile and last-mile delivery servicing for e-commerce, food delivery, pharmaceuticals and other logistics customers . ,
Read also: Magenta introduces Connected Fleet Management System for its EV Logistics services
Darryl Dias, Co-Founder and Director of Magenta, said, “Magenta’s mission has always been to enable clean mobility. We are thrilled to add an eco-friendly electric fleet to meet the ever-increasing need for last-mile logistics and transportation. Our strong intention is to help grow e-commerce and logistics enterprises keeping in mind their sustainability and cost-effectiveness goals. ,
Magenta aims to deploy 1,000 Euler Hiload electric three-wheeler cargo vehicles in Bengaluru in the coming months.
While Euler Motors will complete vehicle delivery and service support, EVET, through its full-stack technology and ecosystem, will oversee customer deployment and last-mile transportation. The target cities for deployment include Hyderabad, Chennai and Bengaluru.
Read also: Euler Motors Launches New HiLoad Electric 3-Wheeler in India; Price ₹ 3.5 lakh. Starting from
Saurav Kumar, Founder and CEO, Euler Motors, said, “This partnership is a testament to our thriving vision and the unique value proposition of HiLoad that sets it apart in the industry. With increasing customer confidence, we aim to make our EVs more accessible and strengthen our presence in new markets and delivery hubs in South India.
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Under its eFaas (Electric Fleet as a Service) operating model, EVET currently offers a comprehensive end-to-end solution that includes electric vehicles bundled with EV charging, parking hubs and management, monitoring and full- Stack includes software techniques. Monetization of assets. EVET has witnessed a 10-fold growth since its launch in the Bengaluru market in FY22. By 2025, the company plans to travel 1.5 million km per month with its electric fleet.
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