Euler Motors has introduced the Euler Turbo EV 1000, a new one-tonne, four-wheel electric commercial vehicle positioned as a high-performance and affordable solution for businesses. Priced from an ex-showroom starting point of INR 599,000, the model is presented as a direct and cost-effective alternative to traditional diesel vehicles, with the company claiming it can provide annual savings of approximately INR 115,000 for operators.

The Turbo EV 1000 is engineered to address key concerns in the commercial vehicle segment. It claims a real-world range of 140 to 170 kilometres, which it combines with a segment-leading torque of 140 NM for navigating demanding urban routes. Safety and performance features include large 230 mm disc brakes on an R13 wheel platform. A significant innovation is its CCS2 fast-charging capability, which Euler states can deliver 50 kilometres of range in just 15 minutes at public charging stations, a first for the industry.

This vehicle specifically targets small fleet owners and driver-entrepreneurs for whom upfront cost and operational efficiency are critical. By offering a competitive purchase price alongside low running costs, the Turbo EV 1000 aims to break down adoption barriers and provide a lower total cost of ownership, thereby improving profitability for businesses operating on thin margins. The vehicle incorporates nine segment-first innovations and marks the company's third product launch and its second in the four-wheel commercial vehicle category.

To cater to diverse needs and budgets, the Euler Turbo EV 1000 is available in three distinct variants: the CITY at INR 599,999, the FAST CHARGE at INR 819,999 and the MAXX at INR 719,999. The company is also facilitating accessibility through financing options, with easy EMI plans starting from INR 10,000 per month after a down payment of INR 49,999.

Saurav Kumar, Founder and CEO, Euler Motors, said, “We are proud to be launching Euler Turbo EV 1000 today, as we believe it marks the meeting of deep engineering innovation with real world practical needs of India’s logistics industry – to deliver a segment-first combination of performance AND affordability. As India’s state and national transport policies, GST reforms and other developments reshape fleet economics in Indian cities, Euler Turbo EV 1000 arrives at a pivotal time to drive the transition to sustainable mobility in India. It is poised to be the inflexion point for EV penetration growth in the 4W CV segment overall, currently estimated at around two percent.

“There is an urgent need for action towards sustainability, or else we will risk questioning by future generations. However, it is not possible to expect scale adoption without responding to practical everyday challenges. Euler Turbo EV 1000 responds to this dual need of a long-term vision while keeping short term needs in mind. It is a global best in class across multiple parameters in the 1-tonne segment, which just happens to be an EV. Our aspiration was to build a vehicle that fundamentally changes how people think about commercial vehicles in this segment. With this, Euler Motors has firmly placed India on the global EV manufacturing map.”

Comments (0)

ADD COMMENT

Link Copied!

Zelio E-Mobility, a rapidly growing manufacturer of electric two- and three-wheelers, has secured approval from the Securities and Exchange Board of India (SEBI) for its SME Initial Public Offering (IPO). The company aims to raise INR 780 million through the public issue, which is expected to be listed on the BSE.

Founded in 2021, Zelio is a manufacturer of electric scooters and three-wheelers. The company claims to have an annual manufacturing capacity of 72,000 units and a distribution network of more than 280 dealers across over 20 states and union territories in India.

In FY2025, the company reported revenue of INR 1.72 billion, net profit of INR 160 million, up 128.76 percent YoY. The company claims a CAGR growth of 83.29 percent CAGR between FY2023 and FY2025.

The proceeds from the IPO, which will be managed by Hem Securities, are earmarked to support Zelio's next phase of growth. The company shared that specific details on investor participation and the use of the funds will be announced closer to the issue date.

Comments (0)

ADD COMMENT

Link Copied!

Bengaluru-based electric vehicle maker Ather Energy has reached a significant milestone by opening over 500 Experience Centres (EC) across the country. In just the last three months, the company added 101 new centres, with a strong focus on expanding its presence in central and northern India.

The company's rapid expansion is largely driven by the growing demand for its electric scooters, particularly the new Rizta, Ather's first family-oriented scooter. While southern India remains Ather’s strongest market, the success of the Rizta has accelerated its growth in new regions.

Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, “Crossing 500 Experience Centres marks an important step in our growth journey, as we continue to expand our presence in line with rising demand across markets. While South India continues to be our strongest base, where we are steadily growing, the success of Rizta has also helped us fast-track expansion in Middle and North India. This growth is not confined to metros alone. We are also building deeper into tier 2 and 3 cities, where consumer response has been equally encouraging. As we continue to scale, our focus remains on making Ather accessible to more customers across India, with the aim of crossing 700 Experience Centres by the end of FY26.”

Going forward, Ather aims to have over 700 Experience centres by the end of fiscal year 2026 to make its vehicles more accessible to a wider audience. The company is not only expanding its retail footprint but also its service network, including dedicated Ather Gold service centres.

The EV maker’s market share has grown from 7.6 percent in Q1 FY2025, to 14.3 percent in Q1 FY2026.

To support its ambitious growth, Ather operates two manufacturing plants in Hosur, Tamil Nadu, and is building a third facility in Maharashtra that will increase its total annual production capacity to 1.42 million electric two-wheelers.

Comments (0)

ADD COMMENT

Link Copied!

Chennai-based electric motorcycle start-up Raptee.HV has received strategic funding from the Technology Development Board (TDB), a government body under the Department of Science & Technology.

The company claims it is the first electric motorcycle manufacturer in India to receive this support, which will be used to develop its high-voltage technology further.

Raptee.HV specialises in adapting high-voltage technology from electric cars for use in two-wheelers. The company has spent over six years developing its own technology from the ground up, aiming to create electric motorcycles that offer car-level performance, reliability and charging convenience.

Dinesh Arjun, CEO and Co-Founder of Raptee.HV, said, “This support from the Technology Development Board is a strong endorsement of Raptee.HV’s mission to redefine performance electric mobility, from India, for the world. In the absence of an ecosystem for high-voltage motorcycle architecture, we built our own through uncompromising engineering. Earlier, we also received a grant from the Ministry of Heavy Industries through ARAI-AMTIF and now from TDB, both clear signals of the Government of India’s focus on supporting indigenous technological innovation. The trust placed in us by TDB and ARAI-AMTIF strengthens our resolve to push the boundaries of performance-driven motorcycle electrification in India.” 

By investing in Raptee.HV, the TDB is making its first-ever investment in the electric motorcycle sector. This places the startup in a select group of companies, including Tata Motors and Bharat Biotech, that have historically received TDB support for groundbreaking technological innovations.

With motorcycles making up a significant portion of India's two-wheeler market, Raptee.HV’s focus on performance-driven, high-voltage technology could play a key role in helping India achieve its 2030 target of 30 percent EV penetration in the two-wheeler segment.

Comments (0)

ADD COMMENT

Link Copied!

Celebrating a significant five-year milestone in the UK, Polestar recently hosted its largest customer event, the Polestar Festival, at Bicester Motion. The festival served as the dynamic backdrop for the UK premiere of the new Polestar 5, a four-door performance Grand Tourer that embodies the brand's forward-looking vision.

The event attracted around 1,000 guests to the company's headquarters for a weekend highlighting Polestar's remarkable growth, which has seen over 45,000 vehicles sold since its 2020 launch. In a striking display of community, 180 owner vehicles were meticulously arranged on the Bicester airfield to form a record-breaking, 170-metre-wide collage of the Polestar logo.

Attendees experienced the first UK showing of the Polestar 5, a model extensively developed by the brand’s British engineers and evolved from the pioneering Precept concept. The festival also featured an interactive partner zone with leading technology firms like Google, Bowers & Wilkins and Brembo showcasing their contributions.

Further highlights included the exclusive Arctic Circle collection of modified Polestar vehicles, available for virtual driving experiences, and the display of a Guinness World Record-holding Polestar 3 that achieved 581 miles (approximately 935 km) on a single charge. The agenda was packed with live driving demonstrations on and off the track, alongside insightful discussions with Polestar executives on critical topics such as sustainable innovation and automotive design.

Matt Galvin, Managing Director, Polestar UK, said, “It was incredible to see so many customers and friends of the brand on Saturday, and the reception to the new Polestar 5 has been astonishing. Polestar UK is growing fast and has a very exciting future ahead of it, and I would like to thank all our customers for being part of this success story.”

Comments (0)

ADD COMMENT

Link Copied!