Zoomcar, ETO Motors Partner to Announce a Platform of Services to Boost Shared EV Mobility

Zoomcar, India’s largest personal mobility platform, signed an agreement this week with Hyderabad based ETO Motors, a full-fledged electric mobility solutions & services company, to provide a diverse array of platform services for ETO’s electric, shared 3-wheeler business. As part of this agreement, Zoomcar will provide access to its state-of-the-art, proprietary tech stack which emphasizes security and maintenance of vehicles, thereby building a consumer base for electric vehicles and improving the overall customer experience. In the partnership, ETO Motors will own and operate electric three-wheelers for shared first-mile and last-mile passenger commute as well as goods movement within the cities. 

Zoomcar’s tie-up with ETO Motors entails the development of an innovative platform to address the vast opportunities across India in the first mile, last mile, and Intracity passengers as well as goods movement space using electric vehicles. The strategic partnership will help create the necessary competency and technology for building the future of the mobility market in India. 

Commenting on the latest development, Greg Moran, CEO & Co-Founder Zoomcar said, ‘’The mobility industry is going through a transformational phase globally due to the pandemic. At Zoomcar, we strive to be at the forefront of creating innovative solutions that can help shape this transformative shift. From the beginning, we set out to build a software solution that helps reduce accidents and improves asset longevity.  Through this partnership with ETO Motors, we aim to leverage our AI based platform to enable large fleet operators to better manage their assets through greater vehicle safety and lower total operating cost. We are delighted to partner with ETO Motors on the next phase of their growth journey in India’s rapidly expanding EV market.” 

Commenting on the development which will boost ETO Motors efforts to drive the sustainable EV revolution, Mr. Biju Mathew, CEO, ETO Motors said, “The coming together of both companies marks a significant beginning in boosting the shared EV mobility space. Zoomcar’s contribution will be in the form of its technology, including apps for customers and drivers combined with the experience of managing large scale mobility solutions.ETO will own and operate state of the art electric vehicles to deliver seamless mobility to customers. The next phase of collaboration between our respective companies with respect to the development of the co-branded digital platform will undoubtedly mark a significant step forward for the industry.” 

Zoomcar’s previously announced driver score tech stack is an AI powered algorithm with machine learning capabilities that rates the driver’s performance on a scale of 0-100.  The driver score tracks the condition of the vehicle, the driving style of the customer, and the real-time critical events impacting the vehicle health. The scoring system possesses capabilities to give real-time feedback to drivers in the advent of rash driving to help them adjust their behavior accordingly. The platform is agnostic to the vehicle type and the telematics device installed.  Moreover, the platform works for both traditional internal combustion vehicles as well as electric vehicles. 

This signing of the MoU for the co-branded platform is part of ETO Motors plan to introduce a fleet of smart electric vehicles and strengthen its clean mobility solution offering. The platform will focus on the deployment of electric vehicles in the three-wheelers, four-wheelers, and two-wheelers segment for first-mile, last-mile, intracity passenger, and goods movement across India. The platform will help in the discovery of the vehicle and will ensure a safe commute for the passengers. The smart vehicles can be geo-fenced and disabled remotely in case of any emergency. ETO has already introduced its smart vehicles for first and last-mile connectivity service in Noida Metro and is poised to expand its presence in the coming times. 

About Zoomcar 

Zoomcar holds the distinction of being India’s first personal mobility platform, with the introduction of car-sharing services in 2013 and today is the market leader in the self-drive space with over 10,000 cars in its fleet. With a strong focus on the mobile experience, Zoomcar allows users to rent cars by the hour, day, week, or month. Headquartered in Bangalore, Zoomcar is over 250 people strong and operates in 45+ cities across India. In 2018, Zoomcar introduced India’s first peer2peer based marketplace for cars with the launch of its shared subscription mobility model and currently commands over 90% market share in this space. 

About ETO Motors PVT Ltd. 

ETO-is a full-fledged electric mobility solutions and services company into large-scale deployment of multi-brand shared electric diverse fleet for cleaner cities that provides clean, safe, noise free public transportation for first mile, last mile and intracity operations. ETO-addresses issues of Clean shared Public Mobility Traffic Congestion Reduce co2 emissions Direct transfers Efficient use of capacity Public Parking Space. Cheaper Journey Price – 2W,3W, 4W, Bus, Cargo. 

Ather Energy Raises INR 84 Crores from Hero MotoCorp, As An Extension of its Series C Round

Ather Energy, India’s first intelligent electric scooter manufacturer, announced a fresh investment by Hero MotoCorp, as an extension of its Series C round that was led by Sachin Bansal. Hero MotoCorp has been a part of Ather’s growth story since 2016, when they first invested as a part of Series B. This round is a reinstatement of confidence by existing investors in Ather’s potential and success.

Ather is now entering an aggressive expansion phase on the back of its flagship product, the Ather 450X, and looking to scale to 20 cities by the end of 2021. The Ather 450X has piqued the interest of automobile and tech enthusiasts alike, and will soon be available in cities like Hyderabad, Pune, Delhi and Mumbai, with deliveries beginning in October 2020. To meet the projected demand in the coming years, Ather is opening a new manufacturing facility in Hosur, which is designed to produce 100,000 units annually, and is scalable to half a million units.  Ather Energy will also set up Ather Grid fast charging points across the country over the next 5 years, making public charging easy and accessible to all electric vehicle owners.

In the past few weeks, Ather has been working on a slew of financing and ownership models, making electric vehicles more accessible for consumers everywhere. It introduced India's first personal lease program for scooters, with monthly payments as low as INR 2589, which makes the intelligent electric scooter accessible to the Indian two-wheeler market. It has also been a pioneer in the post sales experience innovation with subscription plans, Ather One, a one-stop daily usage solution that includes doorstep pick up and service, 24X7 roadside assistance, free charging at home and in public etc.

A unique aspect of the product line is the ability to add new features and functionality through over-the-air (OTA) software updates. Ather has been rolling out OTA updates since September 2018, adding features like a dark theme, new ride modes, guide-me-home light, making them one of the fastest iteration cycles in the country.

Quote by Tarun Mehta, Co-founder & CEO, Ather Energy: “We are in a high growth phase of our journey, and while the last few months have been challenging, we have not altered our

expansion plans. Our geographic expansion and the roll-out schedule for the Ather 450X are on track, and we will be using these funds to invest in our facilities to meet the demand we have seen for the Ather 450X across the country. ”

Commenting on the investment, Rajat Bhargava, Head of Emerging Mobility Business Unit (EMBU), Global Business & Strategy, Hero MotoCorp, said “We are excited to see the growth of Ather Energy in the recent years. We see immense potential for them to expand their market even further, especially given the likely growth of electric vehicles (EV) in the near future. In addition to our efforts of developing a robust external eco-system for EVs, we are also aggressively working on our internal EV program. Our aim is to provide accessible electric mobility to customers across the globe. Sustainability and a clean, green environment remain central to our vision to be the future of mobility.”

Can a flying car be a reality?

Is a flying car on its way?

An American company Terrafugia Transition, based near Boston, is set to unveil the dual-purpose car-cum-plane vehicle called 'The Flying Car' as early as 2011. The two-seater vehicle can let you fly if you wish to avoid the congested city traffic.

If you want to drive on the road, just touch the road. The vehicle will fold up its wings in 30 seconds and transform itself into a car.

"The Flying Car" can travel up to 725 kilometres in the air at a speed of more than 115 kilometres per hour.

Fuelled by gasoline, it has front wheel drive on the road and a propeller for flight.

With its wings folded, it can be parked in your ordinary car garage.

Its initial cost is expected to be around $200,000 (nearly Rs.1 crore), says the company which has already orders for 60 vehicles.

The CEO of the company told Canadian TV (CTV) network here that they have successfully test-flown "The Flying Car" as many as 28 times.

The tests have shown that the vehicle can drive, fly and switch from being a plane to a car in just 30 seconds.

"It (testing) has been very successful," Carl Dietrich, co-founder and CEO of Terrafugia, told the television network.

He said: " We have got a very good handling vehicle and our test pilot said that the flights were just remarkably unremarkable - it just flies like a really nice, little airplane."

He said this miracle vehicle will ease problems for pilots who currently face problems like weather which sometimes doesn't allow them to take off or land.

"This vehicle allows a pilot any time, if the weather changes, to divert to the nearest airport, fold up their wings and drive safely under the weather."

Company vice president Richard Gersh told media: "The Transition (the name for "The Flying Car") is not designed to replace the automobile. However, it will solve transportation issues for a variety of circumstances."

Asked whether the vehicle will be mass produced one day, he said: "That is certainly a possibility, but a number of years away."

He said the vehicle will be able travel on ordinary roads.

"Our depositors represent a wide-cross section in terms of age, interests, and intended use of the vehicle. We have deposits from both experienced pilots and non-pilots who intend to earn their Sport Pilot certificate," said the vice president of Terrafugia.

Set up in 2006, Terrafugia is run by trained aeronautical engineers and MBAs from the Massachusetts Institute of Technology (MIT).

Agencies