Fyn has collaborated with Euler Motors to purchase 2,000 fast charging three-wheeler electric vehicles (EVs). As a part of the collaboration, Euler Motors with its product, the Euler HiLoad EV, will enable Fyn to build the largest three-wheeler fast charging EV fleet in the country, dedicated to serving the expanding business-to-business market. The deal’s financing has been arranged by Fyn from Gentari, which is supported by Petronas.
In the upcoming 18 months, Euler Motors will deliver 2,000 Euler HiLoad EVs. By using a phased approach, Euler Motors and Fyn will transform the commercial EV market and lead the transition to sustainable mobility options. The Euler Motors three-wheeler EV is set to drive Fyn’s growth strategy into new geographical regions within India, such as Mumbai, Delhi, and Coimbatore.
With features like 688 kg load capacity and 12.96 kWh battery pack equipped with patented liquid cooling technology, this EV delivers superior performance, an extended battery lifespan, decreased overall ownership expenses, and reduced downtime, ultimately enhancing profitability for its users. Furthermore, the partnership will be essential in helping Fyn realise its ambitious plan to build a 5,000 strong EV fleet by 2024. The assistance and expertise of Euler Motors will enable Fyn to boost the pace of its expansion.