Electric mobility solutions provider Magenta Mobility, on Tuesday, deployed over 100 units of Tata Ace EV in partnership with India’s largest commercial vehicle manufacturer, Tata Motors. This includes over 60 units of Ace EV and over 40 of the recently launched Ace EV 1000.
Maxson Lewis, Founder & CEO of Magenta Mobility, in a company statement, said, “The deployment of 100+ Tata Ace EVs marks a significant stride towards our ‘Ab Ki Baar Dus Hazaar’ programme, aimed at deploying 10,000 electric vehicles by September 2025.”
This initiative represents substantial progress towards fulfilling the Memorandum of Understanding (MoU) signed between Magenta Mobility and Tata Motors in October 2023, aimed at deploying 500 units of Tata Ace EV.
Also Read: Yamaha Fascino S launched in India with this unique feature; Check details and price Tata Motors' Ace EV is a high-performance vehicle equipped with an EVOGEN powertrain. It offers a 7-year warranty for the battery and a comprehensive maintenance package for 5 years. The vehicle is powered by a 27kW (36hp) motor that delivers 130Nm of peak torque.
Vinay Pathak, Vice President & Business Head – SCVPU at Tata Motors, stated, “This reaffirms our shared vision of revolutionising intra-city distribution through advanced, zero-emission mobility solutions.”
Magenta Mobility is backed by investors including HPCL, BP, Morgan Stanley, JITO Angel Network and renowned Indian-American philanthropist Kiran Patel. According to the company, the deployment of 100 Tata Ace EVs will help reduce carbon emissions in logistics.
Also Read: Citroen signs MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs At present, Magenta Mobility operates approximately 2,000 electric fleet vehicles across 17 cities in India. These vehicles cater to clients in various industries, particularly for their last-mile deliveries. The company has plans to operate 10,000 cargo vehicles in its portfolio.
