Euler Motors, Tata Power Renewables sign MoU to accelerate EV adoption
Date: 24 Feb 2025
Euler
Motors, a leading electric commercial vehicle manufacturer, and Tata Power
Renewables, one of India’s largest integrated power companies, have signed a
long-term Memorandum of Understanding (MoU). Under this MoU, Tata Power
Renewables will provide Fast Chargers for Euler Motors’ entire product range to
ensure seamless charging accessibility to all customers.
With
this, Euler Motors customers will be able to access fast chargers at important
high demand locations along their daily routes.
Euler Motors’ customers will receive Smart cards, allowing seamless and
easy access to Tata Power Renewables charging stations.
The
MoU was signed in the presence of Virendra Goyal Head Business Development - EV
Business, Tata Power EV Charging Solutions Limited (TPEVCSL) and Ashish Tandon,
Global Head - Customer Excellence, Euler Motors, marking a key milestone in
advancing India's EV ecosystem.
This
partnership directly addresses one of the biggest needs for commercial EV users
— charging accessibility. Unlike conventional fuel stations, EV charging
requires strategic placement based on fleet duty cycles. Through this MoU, Tata
Power Renewables will install, operate, and maintain fast chargers, ensuring
high uptime and reliability, while Euler Motors will facilitate rent-free
spaces for Tata Power’s chargers, reinforcing the mutual commitment to
advancing India’s EV ecosystem.
Tata
Power Renewables will also modify chargers, if necessary, to the higher
capacity that is delivered by Euler Motors. Euler Motors' HiLoadEV is the only
3W commercial EV in the segment with fast-charging capability, enabling a full
charge in just 30 minutes to maximize uptime and efficiency.
Saurav
Kumar, Founder & CEO, Euler Motors, said, "Charging infrastructure is
a key ingredient to enable EV adoption, and fast charging is a customer
preference as it enables greater on-road time for vehicles, resulting in lower
TCO and higher ROI. This partnership with Tata Power is a step forward in
enabling customer confidence in EV adoption and Euler Products that are
uniquely designed with Fast charging option.
As we scale our fleet across India, this partnership will play a crucial
role in building a robust EV ecosystem that supports the commercial segment's
transition to clean mobility."
Euler
Motors is today the only commercial EV in both 3W and 4W segments to offer fast
charging capabilities, and this partnership builds on/ leverages the combined
expertise of both companies to enhance fast charging infrastructure
availability, reduce range anxiety, and encourage India’s transition to
electric mobility.