More Retail Inducts Montra Electric Eviator For Mid-Mile Logistics
- By MT Bureau
- October 01, 2026
More Retail, a leading supermarket and hypermarket chain, has expanded its electric mid-mile logistics operations through the deployment of 110 Montra Electric Eviator electric small commercial vehicles across its distribution network, including 25 units in Bengaluru.
The company shared that electric commercial vehicles now account for 150 of its 600 total mid-mile logistics fleet. The 110 Montra Electric Eviator units operate across daily store replenishment and delivery routes, covering a combined minimum distance of 22,000 kilometres per day. The transition from internal combustion engine vehicles aims to lower operational energy expenses and vehicle maintenance requirements while providing driver ergonomics for city traffic conditions.
Saju Nair, CEO of the e-SCV Division, Montra Electric, said, "Electrification of commercial mobility will accelerate when it delivers measurable business value at scale. More Retail’s journey towards 100 percent electrification with our Eviator, is a strong example of that shift, from evaluating EVs as an alternative to deploying them as a core part of everyday logistics. As More Retail moves towards a fully electric mid-mile fleet, our focus is to enable that transition with vehicles and an ecosystem built around uptime, efficiency and long-term profitability."
Prasanna Hegde, National Transport Manager, More Retail, said, "Our mid-mile fleet keeps our stores stocked every day, so reliability comes first for us. The move from ICE vehicles to Montra Electric's Eviator e-SCVs has been smooth across our distribution network. The vehicles have already covered over 8.8 lakh kilometres on our routes, and our drivers have responded well to their comfort, instant torque and day-to-day dependability. Alongside lower operating costs, we are cutting emissions with every delivery run. With 150 of our 600 mid-mile vehicles now electric, we are well on our way to a fully electric fleet, and Montra Electric has been a trusted partner at every step."
The Montra Electric Eviator features a 10.3-foot loading deck and a payload capacity of up to 1,707 kg. The vehicles are integrated with telematics systems that monitor battery status, driver metrics, and route planning data to maintain fleet uptime between distribution centres and retail outlets.
- LG Energy Solution
- indiGOtech
- 46-series NCM cylindrical battery cell
- Flow Ride
- Flow Cargo
- Will Graylin
- Sunghwan Oh
LG Energy Solution Inks MoU With indiGOtech To Explore EV Battery Supply & Tech
- By MT Bureau
- October 01, 2026
South Korean energy major LG Energy Solution has signed a non-binding memorandum of understanding (MoU) with United States-based commercial electric vehicle startup indiGOtech to explore battery supply and technological collaboration.
Under the MoU, the companies will work toward a final agreement for LG Energy Solution to supply 46-series NCM cylindrical battery cells from 2027 to 2030 for indiGOtech’s Flow Ride and Flow Cargo vehicles.
The partnership involves vehicle-battery integration, performance verification, driving range extension, and charging time reduction. The agreement expands LG Energy Solution's client base for its 46-series cylindrical batteries, following a reported 1.5-fold YoY increase in cylindrical battery shipments in the second quarter.
Headquartered in Woburn, Massachusetts, indiGOtech specialises in commercial van platforms for the North American market, integrating vehicles, charging infrastructure and digital services.
Will Graylin, Chairman and CEO, indiGOtech, said, "Urban ride hail and delivery must electrify and automate at scale, but today’s electric vehicles are not designed for purpose, and are severely limited by the local charging infrastructure – that’s why vast majority of rides and deliveries are still driven by gas vehicles. Working toward a long-term relationship with LG Energy Solution brings together advanced battery technology for durable economic advantage for vehicles, drivers and fleet operators."
Sunghwan Oh, Mobility & IT Battery Marketing Group Leader, LG Energy Solution, said, "Based on LG Energy Solution’s 46-series NCM cylindrical battery technology that boasts high energy density and rapid charging capabilities, we will closely collaborate with indiGOtech, which is successfully building the Transportation-as-a-Service (TaaS) ecosystem in the U.S. Leveraging this partnership, we plan to enter the diverse commercial vehicle market in the U.S., including logistics, last-mile delivery, and ride-hailing."
Electric two-wheeler manufacturer e-Sprinto plans to launch a high-speed electric scooter for the B2C segment in October. The new model is designed for everyday family mobility and daily commuting, with a claimed range of up to 130 km on a single charge.
The launch marks an expansion of e-Sprinto's operations in India's electric two-wheeler market. Having initially established a presence in the B2B electric mobility segment with scooters tailored for commercial and delivery fleets, the company is now transitioning its product development toward direct-to-consumer sales.
Further specifications regarding the scooter's features, design, pricing and availability will be disclosed prior to its official release next month.
Zypp Electric Allocates INR 110 Million ESOPs To Over 250 Employees
- By MT Bureau
- September 30, 2026
EV rental platform Zypp Electric has allocated Employee Stock Ownership Plans (ESOPs) valued at INR 110 million to more than 250 employees in September 2026.
The distribution covers 22 percent of the company’s total workforce and spans multiple employee tiers, including over 50 EV technicians and field sales teams, ahead of a planned initial public offering (IPO).
The allocation follows earlier equity initiatives by the company, including an INR 15 million ESOP buyback for 15 employees in 2023. The company has also previously extended stock options to its gig delivery partners.
Akash Gupta, Co-Founder and CEO, Zypp Electric, said, "For us, ESOPs are fundamentally about creating ownership, not just retaining employees. The growth of Zypp has been built by people across the organisation who have taken ownership of challenges, solved problems on the ground and helped us scale. As we enter our next phase of growth, we want more of our people to participate in the value they are helping create. Extending ESOPs across employee bands, including our EV technicians, field sales teams, reflects our belief that ownership should be shared across the organisation."
The announcement comes as the company reports expansion in operational and financial metrics. In the first quarter of FY27 (April–June 2026), Zypp Electric recorded an 88 percent YoY increase in net revenue. The company’s EBITDA margin moved from -4 percent to 10 percent over the same quarter YoY, and reached 17 percent over the trailing 12-month period.
The platform currently manages a fleet of 30,000 electric vehicles across eight cities, representing a 71 percent YoY growth in fleet size during the quarter. The company has set a target to expand its fleet to 100,000 vehicles across 20 cities by FY2028, serving last-mile delivery operations across e-commerce, quick commerce, food, grocery, and pharmacy sectors. The business integrates Internet of Things (IoT) and artificial intelligence systems for fleet management, battery monitoring and delivery tracking.
- Ashok Leyland
- Indian Institute of Technology Madras
- IIT Madras
- Centre of Excellence for Zero Emission Trucking
- CoEZET
- GET ZET
- Boss Electric Truck
- Shenu Agarwal
- Manu Santhanam
Ashok Leyland, IIT Madras Partner For 40-City Electric Truck Demonstration Drive
- By MT Bureau
- September 29, 2026
Ashok Leyland, one of the leading commercial vehicle manufacturers, has launched a nationwide initiative titled ‘GET ZET - Electric Truck Awareness to Acceptance’ in partnership with the Centre of Excellence for Zero Emission Trucking (CoEZET) at IIT Madras. The initiative will run from September 2026 to February 2027, the campaign will cover 40 cities across India to promote the commercial deployment of battery-electric trucks.
The roadshow will traverse logistics hubs and industrial corridors across 15 states, including Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana, Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Rajasthan, Haryana, Uttar Pradesh, Delhi, Punjab and Himachal Pradesh. The events will convene fleet owners, logistics operators, financiers, freight providers, infrastructure developers and policymakers.
As part of the campaign, Ashok Leyland and CoEZET will showcase the BOSS Electric truck alongside charging infrastructure, offering trial rides and technical demonstrations to evaluate real-world vehicle performance and operational requirements.
Shenu Agarwal, MD & CEO, Ashok Leyland, said, “The transition to zero-emission mobility will be defined not just by the maturity of technology, but by the confidence of the users to adopt it at scale. At Ashok Leyland, we believe the best way to build that confidence is by taking electric trucking closer to the people who will use and enable it. Through ‘GET ZET - Electric Truck Awareness to Acceptance’, in collaboration with Centre of Excellence for Zero Emission Trucking (CoEZET), IIT Madras, we are bringing the electric truck technology to 40 cities, creating opportunities for customers and stakeholders to experience its real-world potential first-hand. This is a step towards making electric mobility more accessible, practical and ready for the future of India’s freight ecosystem.”
Manu Santhanam, Dean (ICSR) at the Indian Institute of Technology, Madras, said, “CoEZET, IIT Madras has been working towards the adoption of zero-emission trucks since 2022, with a vision of achieving 100 percent ZET penetration by Viksit Bharat 2047. Our work spans policy, technology, skilling and outreach. The current Outreach Acceptance Initiative builds on our earlier awareness activities across hundreds of locations and focuses on enabling stakeholders to experience, evaluate and build confidence in battery electric trucks, as we move towards the next phase of adoption. Through in-depth interactions and hands-on trial rides, we aim to demonstrate the quieter, smoother and more comfortable experience of electric trucks, while helping address driver concerns and build greater acceptance among the trucking community. We are glad to collaborate with industry partners such as Ashok Leyland in this effort and look forward to engaging with a wider range of stakeholders to strengthen acceptance and enable the wider adoption of zero-emission trucks in India.”
The joint programme forms part of broader efforts to support zero-emission freight transportation across key national transport corridors.

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