Hero Electric Partners with Electric Vehicle Leasing Platform Alt Mobility

EV maker, Hero Electric partners with EV Leasing platform ALT Mobility, Under the collaboration, both the companies will work with logistic aggregators and fleet operators to deploy 10,000 Hero Nyx e-2W by 2023.

With the Government’s push to convert delivery segment vehicles to EV, Hero Electric has been fronting the switch through multiple B2B partnerships. Expanding the EV ecosystem, the electric two-wheeler manufacturer will continue such collaborations to attain mission ‘Zero Emission.’

ALT Mobility offers two and three-wheeler electric vehicles on an affordable monthly subscription to fleet operators. They cover the financing, road tax, auto insurance, and service and spare costs of the EVs – a full turnkey service for reducing the high costs and complexities of fleet electrification.

Sohinder Gill, CEO, Hero Electric, said, “At Hero, we strive to provide 360-degree solutions to our B2B customers through our strong network presence across India. This association will aid us in enabling carbon-free mobility in the logistics market and cater to consumer needs of last-mile delivery offered by ALT Mobility.”

Dev Arora, CEO of ALT Mobility, further added, “We have conducted extensive tests on the ground and spent several months with the Hero Electric team before building our conviction that the Hero Nyx EV is a bankable vehicle for intensive logistic operations. To further boost the bankability of electric vehicles, we connect our fleets with intelligent sensors and technology platform to map vehicle to our partners, manage trips, conduct health and diagnostics, provide service alerts, and improve rider behaviour to get the maximum performance and life from the vehicle.”

ALT’s technology-enabled platform allows for paperless onboarding of partners, vehicle management, and access to ALT’s network of charging and parking networks, providing complete ecosystem EV services for faster EV adoption. Aiming to convert 35% of sales from the B2B segment in the next four years, Hero Electric steers forward its endeavor to provide seamless delivery experiences for its consumers and maximize traction towards EV transition in India.