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Welectric ties-up with MoEVing to boost adoption of electric vehicles

welectric

Welectric announced on Monday that it has collaborated with MoEVing, another start-up operating in the electrification of the logistics sector, to boost the adoption of electric vehicles in last-mile delivery operations.

Under the partnership, Welectric will give 1,000 electric two-wheelers (e2Ws) on lease with after-sales and maintenance support to MoEVing.

To begin the partnership, Welectric is providing 60 e2Ws to MoEVing in Bangalore. Both companies intend to expand this partnership to over 1,000 e2Ws across major Indian cities in the next few quarters, the two companies told in a statement.

Speaking about the partnership, Welectric Founder and CEO Vikas Jain said, ‘this partnership will allow MoEVing to grow their business in an asset-light model without worrying about maintenance or aftermarket of their electric 2Ws.’ Welectric’s fast-growing B2B business is enabling it to develop strong industry partnerships and build expertise around performance and maintenance of e2Ws of different brands, he added.

MoEVing Founder & CEO Vikash Mishra said, ‘we will hit the 1,000 EV target very soon and hope to sign up for the next 10,000 EVs with Welectric. This asset-light approach helps us scale up the electric mobility transition in the last mile delivery space across the country.’ 

While Welectric is focused on solving finance, maintenance, and aftermarket challenges for e2Ws, MoEVing is creating a technology platform to boost the electrification of the entire logistics space (2W, 3W, and 4Ws) through a combined approach of demand aggregation, supply optimization, and connected charging infrastructure, the statement said.

Adopting a cleaner lifestyle has encouraged many people to shift to electric vehicles. The partnership will help in promoting this further.

Shishir Gupta, Founder and CEO, StartupLanes

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