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New Delhi: The electric vehicle startup Etrio on Tuesday introduced its new electric 3-wheeler product range under the brand name ‘Touro’.
Catering to the cargo segment, the two new variants, Max and Mini, will be mainly for intra-city logistics for last-mile delivery applications, the company said in a release.
The passenger variants of the three-wheelers will be rolled out in a few months. The company plans to set up its dealership network in select locations after this. It raised funding of USD3 million last month to facilitate these launches.
The prices of the Touro range will vary based on battery chemistry, payload required, cubic capacity, and the number of desired kilometres to be run daily, depending on customers’ suitability.
Touro Max and Mini are going to be available on both sales and leasing options. They will be offered on lease to organisations for orders of over 50 units over a three-year contract. Touro is undergoing pilot runs at leading e-commerce logistics companies in Hyderabad, Delhi, and Bengaluru.
Derived from the Portuguese word Toro meaning a bull, Touro comes with a bull-inspired signature front grille and Etrio’s manufactured brake drums. The company said the Touro brand is going to be localised entirely making it eligible for central and state government subsidies.
Deepak MV, co-founder and CEO, Etrio, said, “With the launch of Touro, we have added new electric vehicles to our portfolio of retrofitted products. With Touro, the customer has dual benefits of operational cost savings of almost 70% and unmatched comfort to the driver through a gearless, smokeless and noiseless ride. We have built a product that delivers top performance in terms of range and volumetric capacity coupled with robust safety and stability standards.”
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