Etrio unveils electric three-wheeler Touro

Our Bureau Hyderabad | Updated on October 20, 2020

Launches variants for intracity cargo logistics

Etrio, an electric vehicle start-up, has expanded its product portfolio with the launch of electric three-wheeler range ‘Touro’.

Catering to the cargo segment, the Touro, in variants Max and Mini, will be focussed on intracity logistics, especially last-mile delivery applications. The passenger variants of the three-wheelers will be rolled out soon. The company had raised $3 million last month to facilitate these launches.

Also read: Etrio raises $3 mn in Series A funding

‘Touro’ is derived from the Portuguese word ‘toro’, which means ‘bull’. A company release said the design philosophy emulates the attributes of a bull — strong, stable and powerful.

The entire Touro family is going to be completely localised, making it eligible for Central and State government subsidy, it added.

Deepak MV, co-founder and CEO, Etrio, said: “With the launch of Touro, we now have added new electric vehicles to our portfolio of retrofitted products. We are on a mission to electrify intracity logistics and bring the widest range of electric vehicles tailor-made for this segment.”

Also read: Etrio ventures into e-bicycles space with iSwitch, Ashva

While the primary focus remains on vehicles with advanced lithium-ion battery technology, Etrio also has a certified product range with lead-acid.

No fixed price

Etrio is working closely with B2B customers such as LetsTransport, Amazon, BigBasket and Ikea for product customisation. The product does not have a fixed price — it varies basis battery chemistry, payload required, cubic capacity and number of desired kilometres to be run daily.

The company has a production capacity of 500 units per month and is looking to rapidly scale up the deployment of Touro across the country through a mix of outright sales and leasing models. The lease will be offered for orders of over 50 units over a three-year contract.

Currently, Touro is undergoing pilot runs at e-commerce logistics companies in Hyderabad, Delhi and Bengaluru. It is set to expand its footprint across the country in the coming months.

Published on October 20, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like