Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Euler Motors Introduces ₹8.9 lakh StormEV Electric SCV

- Advertisement -

The StormEV boasts a payload capacity of approximately 1,250 kilograms and is available in three different variants.

Electric commercial vehicle manufacturer Euler Motors has officially entered the four-wheel small commercial vehicle segment with the launch of its first offering, the “StormEV.” Unveiled today in Delhi, this significant milestone marks the company’s expansion into a market poised for substantial electrification in the coming years.

Priced competitively, the StormEV comes with an introductory price range of ₹8.99 lakh to ₹12.99 lakh, making it an accessible option for businesses seeking sustainable transportation solutions. The vehicle boasts an impressive payload capacity of approximately 1,250 kilograms and is available in three distinct variants to cater to diverse operational needs.

- Advertisement -

The long-range variant of the StormEV is equipped with a robust 30 kWh battery, delivering a real-world driving range of up to 200 kilometers on a single charge. This makes it ideal for businesses that require longer routes without frequent recharging. The other two variants feature a 19 kWh battery, offering a substantial range of around 140 kilometres, providing flexibility based on specific requirements.

At the launch event, Saurav Kumar, Founder and Chief Executive Officer of Euler Motors, revealed that the company invested around ₹100 crore in the development of the StormEV. This significant investment underscores Euler Motors’ commitment to innovation and confidence in the future of electric mobility within the commercial vehicle sector.

With the introduction of StormEV, Euler Motors is set to compete directly with established industry giants like Tata Motors and Switch Mobility, a subsidiary of Ashok Leyland, in the electric light commercial vehicle market. This move positions the company as a formidable contender in a segment traditionally dominated by long-standing automotive leaders.

Industry estimates indicate that in the fiscal year 2024, approximately 500,000 light commercial vehicles—goods carriers under 7 tons—were sold. Of these, electric vehicle (EV) sales accounted for nearly 4,000 units, highlighting the nascent yet growing trend toward electrification in the commercial vehicle space.

Electric vehicles are increasingly viewed as more sustainable solutions within the small commercial vehicle segment. The push toward greener transportation is driven by the need to reduce carbon emissions and the recognition of the lower total cost of ownership that electric vehicles offer. Additionally, many companies are making net-zero commitments, and there is growing investment in advanced products that meet evolving customer requirements.

The demand for clean last-mile and mid-mile delivery solutions is expected to further drive electrification among goods carriers. Businesses are seeking efficient and environmentally friendly options to meet consumer demands, and electric vehicles like the StormEV provide a viable solution.

Euler Motors’ journey into electric mobility began in 2021 with the launch of the HiLoad EV, an electric three-wheeler commercial vehicle. Since then, the company has sold over 6,000 vehicles and expanded its operations to 31 cities across India. This success has laid a strong foundation for the company’s entry into the four-wheel segment.

Based in Haryana, Euler Motors operates a state-of-the-art manufacturing facility in Palwal, representing an investment of ₹100 crore. The facility has the capacity to produce up to 36,000 units annually, positioning the company to meet increasing demand and scale its production effectively.

Looking ahead, the small commercial vehicle (SCV) segment in India is projected to reach a market value of approximately ₹34,900 crore by the fiscal year 2027. While internal combustion engine (ICE) vehicles currently dominate the market, the landscape is set to change as electric vehicles gain traction due to environmental concerns and technological advancements.

Euler Motors’ entry into the four-wheel small commercial vehicle market with the StormEV signifies not just an expansion of their product line but also a step forward in India’s journey toward sustainable transportation. The company is poised to make a significant impact, offering innovative solutions that align with the growing demand for electric mobility in the commercial sector.

- Advertisement -

Most Popular Articles

Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

STMicroelectronics’ Solar Deal Boosts Green Operations In Malaysia

0
For its Malaysia facility, STMicroelectronics powers up sustainability with 21-year solar deal with ENGIE Renewable, driving its goal to go carbon-neutral and 100% green...
Mercedes Benz

Mercedes Benz Initiates Q4 2024 EQ Sales Challenge To Boost Sales In US EV...

0
The incentive comprises a $2,000 bonus per EV sale, with an additional $1,000 available for dealers meeting specific monthly sales targets. Mercedes-Benz has initiated the...
Stellantis-Infineon Partnership

Stellantis Partners Infineon To Develop Power Architecture For Next-Gen EVs

0
Infineon has an overall market share of 29 percent in the international automotive microcontroller market. The global automotive manufacturing company Stallintis has partnered with Infineon...

KeenSemi Partners With VLSI Expert To Upskill Engineers

0
Boosting India's tech ecosystem, KeenSemi partners with VLSI Expert to address the semiconductor talent shortage, offering intensive training for engineers. Semiconductor designer KeenSemi has signed...
EV Scheme-India

Union Cabinet To Revamp New EV Scheme To Bolster Investments From Global EV Firms

0
In the second workshop, feedback from numerous companies who are keen to import high-end vehicles at reduced taxes will be collated. In an effort to...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

STMicroelectronics’ Solar Deal Boosts Green Operations In Malaysia

0
For its Malaysia facility, STMicroelectronics powers up sustainability with 21-year solar deal with ENGIE Renewable, driving its goal to go carbon-neutral and 100% green...
Mercedes Benz

Mercedes Benz Initiates Q4 2024 EQ Sales Challenge To Boost Sales In US EV...

0
The incentive comprises a $2,000 bonus per EV sale, with an additional $1,000 available for dealers meeting specific monthly sales targets. Mercedes-Benz has initiated the...
Stellantis-Infineon Partnership

Stellantis Partners Infineon To Develop Power Architecture For Next-Gen EVs

0
Infineon has an overall market share of 29 percent in the international automotive microcontroller market. The global automotive manufacturing company Stallintis has partnered with Infineon...

KeenSemi Partners With VLSI Expert To Upskill Engineers

0
Boosting India's tech ecosystem, KeenSemi partners with VLSI Expert to address the semiconductor talent shortage, offering intensive training for engineers. Semiconductor designer KeenSemi has signed...
EV Scheme-India

Union Cabinet To Revamp New EV Scheme To Bolster Investments From Global EV Firms

0
In the second workshop, feedback from numerous companies who are keen to import high-end vehicles at reduced taxes will be collated. In an effort to...

Learn From Leaders

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Startups

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...