Fyn Mobility, which is India’s first vertically integrated EV-as-a-Service platform for last-mile logistics and commute applications, signed a MoU and announced its partnership with Altigreen, India’s leading commercial electric vehicle maker by placing an order of 1,000 3-wheeler EVs. Altigreen delivered 180 neEV Tez vehicles in a single day in an event at Altigreen’s Retail Experience Centre in Bangalore. The delivery of the vehicles was followed by a huge rally displaying Altigreen’s vehicles.
Altigreen’s neEV Tez is an extremely cost-efficient, solid workhorse and can be used across several applications such as Retail, Cold Storage, FMCG Distribution, Grocery, Couriers, Fertilizers, etc. The vehicle is manufactured at Altigreen’s plant in karnataka where the plant produces over 180 neEV Tez vehicles every month. The Altigreen neEV Tez powered by Exponent is India’s fastest charging e-vehicle which only requires 1-hour charging on DC001 network, a 15-minute full charge at an e-pump and 3.5 hours for slow charging with 220V/16 A Socket. The battery comes with a 3000-cycle life warranty with 100% rapid charging versus the industry average of ~1000 cycle life. The L5 has the ability to carry heavy loads of upto 550 kgs, with a range of upto 150 km per charge and can hit the top-speed of 53 kmph.
Altigreen’s electric solutions are designed to improve the performance and efficiency of electric vehicles, making them an ideal partner for Fyn Mobility. With businesses actively working towards turning their fleets electric, there is a huge demand for EV fleets. Fyn’s partnership approach will help not just Fyn but the entire ecosystem scale and mature to meet the growing demand. By integrating Altigreen’s electric technology into its vehicles, Fyn Mobility can offer electric vehicles that are more reliable, energy-efficient, and have a longer driving range.
Through this partnership, Altigreen will be able to expand its reach to new customers using Fyn Mobility’s distribution channels. This strategic collaboration aims to leverage the strengths of both companies to accelerate the adoption of electric mobility solutions in India.
Fyn Mobility, an IIT Madras incubated start-up which was founded by Visakh Sasikumar and Manu Iyer in 2017 started out as an EV manufacturer and pivoted to building India’s leading EV ecosystem platform in 2021 with deep EV knowledge, gained by selling 1,000-plus electric vehicles in the B2B market. Fyn is currently present in Bangalore and Chennai and provides last-mile deliveries and commute applications to many brands like Flipkart, Amazon, Big Basket, Bluedart to name some
