Neuron Energy has announced its partnership with Urja Mobility, a pioneer in battery leasing for commercial EVs. Starting from March 2024 until the end of the following year, Neuron Energy has committed to providing 2400 battery packs for electric vehicles in the L5 category and 10,000 battery packs for electric vehicles in the L3 category. This partnership is expected to generate significant revenue, estimated at around 100 crores for neuron energy, across both L3 and L5 categories. This strategic alliance signifies a significant stride towards enhancing sustainable transportation solutions, especially in the last-mile delivery sector.
Neuron Energy is renowned for its comprehensive range of electric mobility solutions, encompassing lead-acid, advanced lithium-ion, and cutting-edge sodium-ion technologies. Backed by Mufin Green Finance Limited, Urja Mobility will purchase advanced, high-quality battery packs from Neuron Energy. These battery packs will then be leased to 3Eco for their esteemed EV initiative. 3Eco, a distinguished brand under 3EV, specialises in hyper-local connectivity solutions tailored for efficient last-mile delivery services to various e-commerce companies.
Neuron Energy has fostered a longstanding partnership with 3EV for the past 30 months, supplying over a thousand battery packs currently operational in their fleet across multiple cities. Notably, 3Eco operates its captive fleet in major metropolitan areas such as Chennai, Bangalore, Hyderabad, Mumbai, and Coimbatore.
Pratik Kamdar, CEO & Co-Founder, Neuron Energy, stated, “Our collaboration with Urja Mobility signifies a significant shift in the EV industry. Building upon the strong relationship and trust established with 3EV, we are grateful for the opportunity to further enhance our partnership. This empowerment allows 3EV and 3Eco to concentrate solely on production and last-mile delivery, thereby fostering substantial volume growth. We extend our sincere gratitude to Urja Mobility for their trust and confidence in Neuron Energy’s capabilities.”
Pankaj Chopra, Founder, Urja Mobility, said, “We are excited about the opportunity with Neuron Energy, which offers cutting-edge technology in Li-Ion Batteries, and Urja Mobility specialises in the battery leasing business. This collaboration enables us to transform Capex into Smart Opex, offering flexible lease terms ranging from 12 to 36 months. We have witnessed 3Eco Systems’ transformation from a last-mile operator to a logistics player. Their emphasis on local thinking and operational efficiency is particularly impressive, and we look forward to collaborating with them and Neuron Energy to drive sustainable solutions in the EV industry.”
The leasing of battery packs for commercial EVs represents a crucial step in strengthening the Indian EV ecosystem. This partnership shows the dedication of Neuron Energy and Urja Mobility towards promoting sustainable mobility solutions, enabling efficient last-mile delivery, and supporting environmental responsibility.