Automotive technology start-up Euler Motors said on Thursday it is all set to launch its light commercial vehicles, an electric cargo three wheeler, by early next year.

Around 100 prototype e-vehicles are already running on the Delhi-NCR roads and being used by e-commerce firms for their last-mile delivery besides over 70 electric vehicle charging stations, the company said in a release.

Euler Motors is working towards providing sustainable last-mile transportation by accelerating the adoption of electric vehicles. We understand the challenges of the sector," said Saurav Kumar, founder and chief executive officer, Euler Motors.

But we believe that our indigenously created battery pack and upcoming innovation in light commercial vehicle will set industry standard and thereby helping e-commerce companies, logistics providers and independent fleet owner, Kumar said.

The range of the current commercial cargo electric vehicles, the company said, are 80-100 KMs, depending on the load on the vehicles and has the total capacity to carry 500 Kgs weight.

The company carries out its research, manufacturing, and assembly from its two centres in Faridabad, Haryana and Okhla Industrial Area in New Delhi.

Founded last year, Euler Motors has so far raised USD 2 million from marquee investors like Blume Venture, Emergent Ventures and Andrew Lee to set-up the manufacturing and R&D facility, building indigenous Li-ion battery pack, among others.

The R&D team at Euler Motors is focused on building automotive-grade lithium-ion battery pack that could deliver the range required for intra-city logistics in all-weather, temperatures and road conditions, the company said.

The company currently makes Li-Ion battery pack of 5.76 KWh for its vehicles while has also parallelly set up charging and service stations, it said. PTI IAS AP

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