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Neuron Energy Join Hands with Urja Mobility for Battery Leasing Solution

Starting from March 2024 until the end of the following year, Neuron Energy has committed to provide 2,400 battery packs for electric vehicles in the L5 category, and 10,000 battery packs for electric vehicles in the L3 category.

March 20, 2024. By News Bureau

Neuron Energy has teamed up with Urja Mobility, a battery leasing for commercial EVs start-up. Starting from March 2024 until the end of the following year, Neuron Energy has committed to provide 2,400 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 INR 100 crore 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.

Urja Mobility, backed by Mufin Green Finance, will purchase advanced high-quality battery packs from Neuron Energy. These battery packs will then be leased to 3Eco, which 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 last 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 and Co-Founder, Neuron Energy said, “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.”

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.”

Tags:

Sustainable Transport

Battery Leasing Solution