Hero Electric announces partnership with Alt Mobility Electric Vehicle Leasing Platform

As part of the collaboration, Hero Electric will supply 10,000 Nyx electric scooters to logistics aggregators and fleet operators by 2023 through ALT Mobility.


ALT Mobility offers two and three-wheeler EVs to fleet operators at an affordable monthly subscription
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ALT Mobility offers two and three-wheeler EVs to fleet operators at an affordable monthly subscription

Hero Electric has announced its partnership with ALT Mobility, a leasing platform dedicated to electric vehicles for the logistics market. As part of the collaboration, Hero Electric will supply 10,000 Nyx electric scooters to logistics aggregators and fleet operators by 2023 through ALT Mobility. ALT Mobility offers two and three wheeler electric vehicles to fleet operators at an affordable monthly subscription. This includes financing, road taxes, auto insurance, and servicing and additional costs of electric vehicles.

Read also: Hero Electric and Mahindra & Mahindra announce partnership for co-development of EVs

Sohinder Gill, CEO, Hero Electric, said, “With the changing market landscape and increasing preference for electric vehicle, we understand the critical need to boost EV adoption. We want more businesses to reach out to their consumers. Opting for cleaner solutions. At Hero, we strive to provide 360-degree solutions to our B2B customers through our strong network presence across India. This collaboration enables us to enable carbon-free mobility in the logistics market. and meet the last-mile delivery needs of consumers by ALT Mobility.”

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Hero Electric to supply Nyx electric scooter to ALT Mobility for its B2B operations

Dev Arora, CEO, ALT Mobility, further said, “We have conducted extensive on-ground testing and spent several months with the Hero Electric team before building confidence that the Hero Nix EV is a bankable one for intensive logistics operations. To further boost the bankability of electric vehicles, we enable our fleet to map vehicles for our partners, manage trips, perform health and diagnostics, provide service alerts and achieve maximum performance and life out of the vehicle. Combined with intelligent sensors and technology platforms to improve rider behavior.”

Read also: Hero Electric joins hands with Turtle Mobility in the last-mile delivery segment

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With the push for electrification, the commercial segment will be one of the first segments to see a tangible change, especially when it comes to last mile delivery vehicles. Meanwhile, ALT Mobility’s platform enables paperless activity from vehicle management to charging and parking networks. Hero Electric is expanding its presence in the B2B segment with new partnerships, and the company says it will continue such collaborations to achieve ‘zero-emissions’. Hero says it aims to convert 35 per cent of its sales to the B2B segment in the next four years.

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