Mobility start-up for electric two-wheelers Welectric announced on Monday that it has teamed up with MoEVing, another start-up focused on logistics electrification, to accelerate the use of electric vehicles in last-mile distribution operations.
Welectric will provide 1,000 electric two-wheelers (e2Ws) on lease to MoEVing, along with after-sales and maintenance assistance.
Welectric is shipping 60 e2Ws to MoEVing in Bangalore to kick off the collaboration. In the coming quarters, the two companies intend to expand their collaboration to over 1,000 e2Ws across India's major cities, according to a joint statement.
"This partnership will enable moEVing to develop their company in an asset-light model without worrying about maintenance or aftermarket of their electric 2Ws," said Welectric Founder and CEO Vikas Jain.
Welectric's burgeoning B2B sector is assisting the company in forging strong industry alliances and developing expertise in the performance and maintenance of various brands of e2Ws, he added.
Vikash Mishra, the founder and CEO of MoEVing, said, "We'll soon reach our 1,000 EV target, and we're hoping to sign up for the next 10,000 EVs with Welectric. This asset-light approach enables us to accelerate the transition to electric mobility in the last mile distribution space across the world."
If Welectric focuses on e2W financing, maintenance, and aftermarket issues, MoEVing is developing a technology framework to accelerate electrification of the entire logistics space (2W, 3W, and 4Ws) using an integrated approach of demand aggregation, supply optimization, and connected charging infrastructure, according to the release.