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Log9 Materials will provide ETO Motors with a unique Battery-as-a-Service (BaaS) model, eliminating the upfront investment for battery purchase. Under this model, Log9 Materials will manage and maintain the batteries, ensuring optimal performance and timely replacement.
Hyderabad, 26 February 2024: Log9 Materials, a leading innovator in advanced battery technology, announced a strategic partnership with ETO Motors, a pioneer in Electric Mobility as a Service (eMaaS) and a manufacturer of electric three-wheeler vehicles (3W EVs), to provide sustainable and reliable battery solutions for ETO Motors’ fleet. This collaboration marks a significant step forward in promoting electric mobility and empowering women entrepreneurs in the transportation sector.
Log9 Materials cutting-edge batteries, known for their extended lifespan and durability, will be retrofitted into ETO Motors’ e3Ws replacing there 2-3 year old batteries. This upgrade will significantly enhance the range, efficiency, and overall performance of ETO Motors’ e3Ws, while also reducing their environmental footprint.
Log9 Materials will provide ETO Motors with a unique Battery-as-a-Service (BaaS) model, eliminating the upfront investment for battery purchase. Under this model, Log9 Materials will manage and maintain the batteries, ensuring optimal performance and timely replacement. This innovative approach provides ETO Motors with greater flexibility and affordability, allowing them to focus on their core business operations.
ETO Motors transcends the traditional boundaries of business by intertwining their operations with a Women Empowerment programme, thus fostering an inclusive work environment that promotes gender equality and social upliftment. This partnership not only supports the environment but also creates employment opportunities and financial stability for women drivers and their families. Notably, ETO Motors already runs an all women fleet at Delhi Metro Rail Corporation (DMRC) and at the Statue of Unity in Kevadia, Gujarat besides partnering with Nagpur Metro, Hyderabad Metro, Pune Metro for passenger first and last and last mile connectivity.
Speaking at the signing of the partnership agreement, Surender Nath, Head of Mobility Services, ETO Motors said, “This partnership sets a new paradigm in the country’s electric mobility space. We are confident that with these advanced batteries, from Log9 Materials, we have taken a significant stride in controlling vehicular emission and pollution. Also, with Log9 Material’s sustainable and reliable batteries, we will be able to provide advanced driving experience to our women and men drivers and continue to focus on our core areas which include empowering and providing employment opportunities to the marginalized sections of society.”
Log9 Materials steps in to power up ETO Motors’ 300 e3Ws with their advanced battery tech, promising extended life and boosted performance. Through an innovative BaaS model, ETO Motors will save upfront costs for batteries, gaining financial flexibility. This powerful combo of Log9 Material’s technology and BaaS service is set to turbocharge ETO Motors’ business, driving them towards sustainable and successful growth.
Commenting on the partnership, Pankaj Sharma, Co-Founder, Log9 Materials, said: “The collaboration between Log9 and ETO Motors marks a pivotal advancement in the implementation of Battery as a Service (BaaS) within the battery replacement segment. The acquisition of replacement batteries poses a substantial hurdle for fleets and OEMs due to limited financing options available in the market. This scarcity complicates the procurement process significantly. Our partnership with ETO Motors signifies a bold stride taken by both companies to reframe this challenge into a mutually beneficial opportunity. We are thrilled about this collaboration and remain steadfast in our commitment at Log9 to ensure uninterrupted business operations for our EV partners through the provision of replacement batteries under the BaaS framework.”
As a leading electric-Mobility-as-a-Service (eMaaS) company, ETO Motors partners with metro rails like Delhi Metro, Nagpur Metro, Hyderabad Metro, and Pune Metro for passenger first and last and last mile connectivity. ETO Motors’ e3Ws are manufactured in ETO Motors’ state-of-art manufacturing capacity in Jadcherla, Telangana which also includes a modern research and development lab. The e3Ws are manufactured with a focus on safety (only e3W in India with a seatbelt) and technology, incorporating a fully integrated Vehicle Control Unit and IoT connected platform.