-In an Industry First, Zoomcar & ETO Motors Sign an MoU for further collaboration on a co- branded digital platform to capitalize on the fast emerging EV opportunities and boost shared EV Mobility-
Bangalore, July 28th, 2020 : Zoomcar, India’s largest personal mobility platform, signed an agreement this week with ETO Motors, a full-fledged electric mobility solutions & services company, to provide a diverse array of platform services for ETO’s electric, shared 3-wheeler business. As part of this agreement, Zoomcar will provide access to its state-of-the-art, proprietary tech stack which emphasizes security and maintenance of vehicles, thereby building a consumer base for electric vehicles and improving the overall customer experience. In the partnership, ETO Motors will own and operate electric three-wheelers for shared first-mile and last-mile passenger commute as well as goods movement within the cities.
Zoomcar’s tie-up with ETO Motors entails the development of an innovative platform to address the vast opportunities across India in the first mile, last mile, and Intracity passengers as well as goods movement space using electric vehicles. The strategic partnership will help create the necessary competency and technology for building the future of the mobility market in India.
Commenting on the latest development, Greg Moran, CEO & Co-Founder Zoomcar said, ‘’The mobility industry is going through a transformational phase globally due to the pandemic. At Zoomcar, we strive to be at the forefront of creating innovative solutions that can help shape this transformative shift. From the beginning, we set out to build a software solution that helps reduce accidents and improves asset longevity. Through this partnership with ETO Motors, we aim to leverage our AI based platform to enable large fleet operators to better manage their assets through greater vehicle safety and lower total operating cost. We are delighted to partner with ETO Motors on the next phase of their growth journey in India’s rapidly expanding EV market.”
Commenting on the development which will boost ETO Motors efforts to drive the sustainable EV revolution, Mr. Biju Mathew, CEO, ETO Motors said, “The coming together of both companies marks a significant beginning in boosting the shared EV mobility space. Zoomcar’s contribution will be in the form of its technology, including apps for customers and drivers combined with the experience of managing large scale mobility solutions. ETO will own and operate state of the art electric vehicles to deliver seamless mobility to customers. The next phase of collaboration between our respective companies with respect to the development of the co-branded digital platform will undoubtedly mark a significant step forward for the industry.”
Zoomcar’s previously announced driver score tech stack is an AI powered algorithm with machine learning capabilities that rates the driver’s performance on a scale of 0-100. The driver score tracks the condition of the vehicle, the driving style of the customer, and the real-time critical events impacting the vehicle health. The scoring system possesses capabilities to give real-time feedback to drivers in the advent of rash driving to help them adjust their behavior accordingly. The platform is agnostic to the vehicle type and the telematics device installed. Moreover, the platform works for both traditional internal combustion vehicles as well as electric vehicles.
This signing of the MoU for the co-branded platform is part of ETO Motors plan to introduce a fleet of smart electric vehicles and strengthen its clean mobility solution offering. The platform will focus on the deployment of electric vehicles in the three-wheelers, four-wheelers, and two-wheelers segment for first-mile, last-mile, intracity passenger, and goods movement across India. The platform will help in the discovery of the vehicle and will ensure a safe commute for the passengers. The smart vehicles can be geo-fenced and disabled remotely in case of any emergency. ETO has already introduced its smart vehicles for first and last-mile connectivity service in Noida Metro and is poised to expand its presence in the coming times.