Magenta Mobility Deepens Collaboration With Tata Motors For Commercial Vehicle

* Deploys over 100 units of Tata Ace EV – India's most advanced, zero-emission small commercial vehicle

Magenta Mobility, an integrated electric mobility solutions provider, solidifies its partnership with Tata Motors, India's largest commercial vehicle manufacturer, with the deployment of over 100 units of Tata Ace EV which include over 60 units of Ace EV and over 40 units of the recently launched Ace EV 1000. This deployment is part of the MoU inked between the two entities in October 2023, which targeted 500 units of the revolutionary Tata Ace EV.

Mr. Maxson Lewis, Founder & CEO of Magenta Mobility, expressed his excitement about the partnership, stating, "We are thrilled to deepen our collaboration with Tata Motors, furthering our commitment to delivering safe, smart, and sustainable mobility solutions across India. The deployment of 100+ Tata Ace EVs marks a significant stride towards our ambitious 'Ab Ki Baar Dus Hazaar' program, aimed at deploying 10,000 electric vehicles by September 2025. By synergizing Tata Motors’ expertise in four-wheel small commercial vehicles (SCVs) with our integrated capabilities in logistics, charging infrastructure, and technology, this partnership is poised to redefine industry standards."

Commenting on the announcement, Mr. Vinay Pathak, Vice President & Business Head – SCVPU, Tata Motors, said, “Marking a major milestone in our partnership with Magenta Mobility, we take immense pride in the deployment of Tata Ace EVs into their fleet. This reaffirms our shared vision of revolutionising intra-city distribution through advanced, zero-emission mobility solutions. The Ace EV, a product of our co-creation efforts, offers unparalleled performance, reliability and operational efficiency, while contributing to a greener future for India. This deployment is a testament to our unwavering commitment to democratising sustainable e-cargo transportation across the nation. Together, we are paving the way for a cleaner, greener and more environmentally conscious future for India."

The Ace EV is powered by EVOGEN powertrain that offers an unparalleled driving experience with a 7-year battery warranty and a 5-year comprehensive maintenance package. It delivers safe, all-weather operations with an advanced battery cooling system and regenerative braking system to boost the driving range. It allows regular and fast charging capabilities for high uptime. It is powered by a 27kW (36hp) motor with 130Nm of peak torque, to ensure best-in-class pickup and grade-ability allowing easy ascend in fully loaded conditions. The vehicle’s robust performance, with near-100% uptime, has received an overwhelming response from customers.

Magenta Mobility is backed by esteemed investors including HPCL, bp, Morgan Stanley, JITO Angel Network, and renowned Indian American philanthropist Dr. Kiran Patel. The company is at the forefront of the electric mobility revolution, spearheading initiatives that promote sustainability and innovation in India's transportation landscape. With the extension of its partnership with Tata Motors and the deployment of 100 Tata Ace EVs, Magenta reaffirms its commitment to decarbonising logistics.

About Magenta Mobility:

Magenta Mobility is a leading end-to-end integrated E-Mobility solutions provider. The company is committed to the vision of “Decarbonizing Logistics” by providing safe, smart, and sustainable delivery solutions across the country. They are building India’s safest and smartest electric mobility ecosystem. Currently, they have 2000 electric fleet vehicles spread across 17 cities in India serving clients in the e-commerce, grocery, FMCG, food, and pharmaceuticals industries for their last-mile deliveries. Under the campaign of ‘Ab Ki Baar Dus Hazaar,’ Magenta targets to have 10,000 cargo vehicles operating under its portfolio. Furthermore, they have their own Electric Fleet Management System which makes them an excellent partner for businesses looking to achieve practical portability goals in decarbonization. For more information, visit www.magentamobility.com.

About Tata Motors:

Part of the USD 150 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 44 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups,  trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.

Tata Motors strives to bring new products that captivate the imagination of GenNext customers, fuelled by state-of-the-art design and R&D centres located in India, the UK, the US, Italy, and South Korea. By focusing on engineering and tech- enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused on developing pioneering technologies that are both sustainable and suited to the evolving market and customer aspirations. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by developing a tailored product strategy, leveraging the synergy between Group companies and playing an active role in liaising with the Government of India in developing the policy framework.

With operations in India, UK, South Korea, Thailand and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries. As of March 31, 2024, Tata Motors’ operations include 90 consolidated subsidiaries, two joint operations, five joint ventures, and numerous equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.