Nasik EV maker, Jitendra New EV Tech has announced to supply 12,000 units of its JMT 1000-3K electric scooters worth Rs 120 crore to logistics company FAE Bikes.
FAE Bikes will offer these scooters for rent to EV customers, who want to take a trial run prior to buying one as well to those who want to have it without acquiring it, across Bengaluru, Delhi-NCR and Hyderabad, the company said in a statement.
Equipped with a 1000-W motor powered by a 3.12 Kwh battery, JMT 1000-3K claims to run up to 126 kilometers on single charge, it said.
”We look at this not only as a strategic business deal but also as an opportunity to make EVs accessible to a wider market,” said Samkit Shah, co-founder, Jitendra New EV Tech.
The company has a product line of 10 electric two-wheeler models that are sold through a network of 150 touchpoints pan-India.
Nigam Krishna, co-founder, FAE Bikes, said, ”This deal with the indigenous EV brand is a crucial step in FAE Bikes’ endeavor to expand the availability of its offerings to a larger customer base and also boosts our goal to drive increased EV usage in India.”
In April this year, around 40 electric scooters of the company reportedly caught fire when they were being transported from its factory in a container, prompting it to initiate a probe into the incident.
FAE Bikes works with several domestic logistics companies to facilitate door-to-door services with its fleet of e-scooters, according to the statement.