Tuesday, 07 February 2023



LATEST NEWS Era of harassment over, now Government will act as facilitator: Bhagwant Mann to Jalandhar Industry Aman Arora Vows To Make ‘Khedan Halqa Sunam Diyan’ An Annual Event Has Style Diva and Actress Nita Sharma been offered to play a lead role in Bollywood Movie? World Bank reviews ongoing projects in Himachal Come Forward For Popularizing ‘Brand Punjab’ Across The Globe: Bhagwant Mann To Industrial Honchos At Ludhiana Narendra Modi launches 20% ethanol blended petrol in 11 states/UTs Narendra Modi says double-engine govt delivers for Karnataka Joint Action Committee Will Be Formed To Remove Illegal Encroachment - Dr. Inderbir Singh Nijjar Want the ball to turn from Day one : Ravi Shastri ahead of Border-Gavaskar Trophy Bram Shanker Jimpa resolves 26 complaints in state level online Janta Darbar Showcase 'Brand Punjab' globally, Bhagwant Mann asks industrialists Punjab government committed to provide world-class health facilities free to the people of the state : Dr. Balbir Singh Speaker Kultar Singh Sandhawan along with elementary students tastes mid-day meal World Bank keen for Green Resilient Integrated Development programme of Rs. 2500 crore for the state DC Kupwara Dr. Doifode Sagar Dattatray visits border area Keran DC Kulgam Dr. Bilal Mohi-Ud-Din Bhat inaugurates District level Training/ Orientation program on HADP DDC Shopian inaugurates Training/ Orientation program for effective implementation of HADP DJJM approves Rs 66.77 crore action plan for WSSs at Ganderbal Amit emphasizes easing out Mining Portal functioning for convenience of general public Sarita Chouhan inaugurates Employment Complex at Top Sherkhanian Fire-Boltt launches two new smartwatches with exciting features


Jitendra New EV Tech to Supply 12,000 EVs Worth ₹ 120 cr to FAE Bikes

Commercial, Jitendra New EV Tech, Chennai, FAE Bikes, Memorandum Of Understanding, MoU

Web Admin

Web Admin

5 Dariya News

Chennai , 04 Aug 2022

Jitendra New EV Tech, one of the fastest growing EV brands in the country, has signed a Memorandum of Understanding (MoU) with FAE Bikes, a last mile logistics company, to supply 12,000 electric two-wheelers. According to this new deal, the Nashik-based EV maker will provide the aforementioned number of units of the JMT 1000 3K e-scooter to FAE Bikes over a period of one year. The value of the deal is estimated to be approximately ₹120 crore.

The JMT 1000 3K makes use of a 1000 W motor that is powered by a 3.12 kWh battery. The electric scooter claims to deliver a riding range of 126 km on single charge and is capable of achieving a maximum speed of up to 52 km/h.This partnership between Jitendra New EV Tech and FAE Bikes, both renowned for their significant contributions to India’s electric mobility movement, seeks to provide electric scooters on rent to customers who wish to either simply do a trial run of the scooter before committing to a purchase or those who want to embrace EVs albeit without acquiring a permanent new asset. 

Initially, FAE Bikes will offer these new JEV scooters to its customers across Bengaluru, Delhi NCR, and Hyderabad.Commenting on this new deal, Samkit Shah, co-founder, Jitendra New EV Tech, said, “Enabling the increased adoption of electric vehicles has been a key driver for Jitendra New EV Tech and this MoU with FAE Bikes is in service of this goal. 

We look at this not only as a strategic business deal but also an opportunity to make electric vehicles accessible for more and more Indians.”Nigam Krishna, Co-founder, FAE Bikes, said, “Jitendra EV has been in the industry for a while now and we couldn’t be happier to partner with the brand. 

This deal with the indigenous EV brand is a crucial step in FAE Bikes’ endeavour to expand the availability of its offerings to a larger customer base and also boosts our goal to drive increased EV usage in India.”Headquartered in Bengaluru, FAE Bikes is a 'smart' last mile logistics company that offers the largest fleet of electric vehicles. 

The company works with several Indian logistics companies to facilitate door-to-door logistics services with a robust fleet of e-scooters.

About Jitendra New EV Tech

Jitendra New EV Tech, a part of the four decades-old Shah Group, is a leading electric vehicle manufacturer based out of Nashik, Maharashtra. The new-age start-up was founded in 2014, with manufacturing and sales operations for its electric two- and three-wheelers starting in 2016. 

The company’s vehicles are backed by assiduous R&D, avant-garde designs, and, of course, the requisite approvals and certifications from all relevant regulatory bodies in the country, including ARAI and ICAT.Jitendra EV Auto Tech’s range of electric two-wheelers includes a total of 10 models. The company’s network comprises more than 150 3S, i.e. Sales, Service, and Spares, touch points all the way from Jammu Kashmir to Kanyakumari.


Tags: Commercial , Jitendra New EV Tech , Chennai , FAE Bikes , Memorandum Of Understanding , MoU



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2023 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD