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Key Highlights:
Log9 Materials, an advanced battery technology company, has partnered with ETO Motors, a manufacturer of electric three-wheeler vehicles, to supply sustainable battery solutions. The collaboration aims to provide sustainable and reliable battery solutions for ETO Motors’ fleet of electric vehicles. Log9's batteries will replace older ones in ETO Motors' fleet, promising improved range and efficiency.
Log9 Materials and ETO Motors have agreed to upgrade ETO Motors’ e-three-wheelers. They'll swap out the old batteries, which are 2-3 years old, with Log9 Materials' advanced batteries.
This upgrade is anticipated to significantly boost the range, efficiency, and overall performance of ETO Motors’ electric three-wheelers, while simultaneously reducing their environmental footprint.
Log9 Materials has announced a special deal with ETO Motors that could change the way batteries are used in electric vehicles. Instead of buying batteries upfront, ETO Motors will now use Log9 Materials' Battery-as-a-Service (BaaS) model.
This means they won't have to pay a big amount upfront for the batteries. Log9 Materials will handle everything related to the batteries, making sure they work well and replacing them when needed. This new idea makes it easier and cheaper for ETO Motors to focus on their main job.
ETO Motors is also doing something special by promoting gender equality through their Women Empowerment program. This program creates a fair workplace where both men and women have equal opportunities. This partnership not only helps the environment but also provides jobs and stability for women drivers and their families.
ETO Motors is already known for its all-women fleets at places like Delhi Metro Rail Corporation and the Statue of Unity in Gujarat. They're also working with Nagpur Metro, Hyderabad Metro, and Pune Metro to improve passenger transportation.
Pankaj Sharma, Co-Founder of Log9 Materials, expressed enthusiasm about the collaboration, highlighting its significance in advancing Battery as a Service (BaaS) within the battery replacement segment.
"Getting new batteries is tough for fleets and companies due to limited financing options available. This scarcity complicates the procurement process,” Sharma remarked.
With Log9 Materials’ advanced battery technology and the implementation of the BaaS model, ETO Motors is poised to redefine the landscape of electric mobility, paving the way for a greener, more efficient future.
CMV360 Says
The partnership represents a significant step towards advancing sustainable electric mobility solutions in the market. By leveraging Log9 Materials' expertise in battery technology and ETO Motors' stronghold in electric vehicle manufacturing and services, both companies aim to drive innovation and contribute to the ongoing evolution of the electric vehicle sector.
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