Greaves Electric Mobility Partners with TriEV: 1,500+ Ampere EVs to Power Delhi’s Bike Taxi Revolution!

Greaves Electric Mobility Ltd. (GEML), the EV arm of Greaves Cotton Limited, is making a big push into the commercial EV market through a strengthened partnership with TriEV, a fast-growing electric fleet operator. Together, the companies plan to expand bike taxi operations in Delhi NCR by scaling their fleet from 850 Ampere Magnus SW S vehicles to over 1,500 EVs in the coming months.

This move not only signals Delhi’s shift toward sustainable transport, but also reflects the rising adoption of electric two-wheelers in India’s B2B mobility segment.

Why This Partnership Matters

• Massive Fleet Expansion: From 850 to 1,500+ electric bike taxis.

• Sustainable Urban Mobility: Addresses growing demand for eco-friendly last-mile solutions.

• Operational Efficiency: Battery-swapping support from Indofast Energy ensures higher fleet uptime.

• EV Market Leadership: Greaves strengthens its position in India’s B2B EV ecosystem.

Ampere Magnus SW S – The Workhorse of Delhi NCR Fleets

The Ampere Magnus SW S, designed specifically for B2B and commercial use, is at the heart of this rollout. Built at GEML’s MegaFactory in Ranipet, the scooter is optimized for:

• Durability – ideal for continuous fleet operations.

• Long Range Options – variants offering 100km+ range for non-swap markets.

• Comfort & Safety – features suited for city commutes and bike taxi rides.

With battery-swapping infrastructure from Indofast Energy, drivers can minimize downtime and keep operations running efficiently across Delhi hubs.

Market Context: Why B2B EV Fleets Are Booming

India’s bike taxi and last-mile delivery market is witnessing rapid EV adoption. Companies are seeking:

• Lower operational costs compared to petrol scooters.

• Regulatory incentives for clean mobility.

• Consumer demand for greener ride-hailing and delivery solutions.

This makes the Greaves-TriEV partnership a well-timed expansion ahead of the festive and high-demand season.

IPO Angle – Greaves Prepares for Growth

This fleet expansion aligns with Greaves Electric Mobility’s upcoming IPO plans, following the DRHP filing with SEBI in December 2024. By strengthening its B2B footprint, Greaves is positioning itself as a serious player in India’s electric two-wheeler growth story.

Final Analysis for EVINDIA Readers:

Greaves Electric Mobility’s partnership with TriEV is more than just a fleet expansion—it’s a strategic move to dominate the B2B EV space in India. By targeting the high-volume bike taxi market in Delhi NCR, and combining it with battery swapping infrastructure, Greaves is setting the stage to scale aggressively.

With EV adoption accelerating and rivals like Ola Electric, Hero MotoCorp (Vida), and Bajaj Chetak also eyeing the fleet market, Greaves is playing smart by capitalizing on the rising demand before the festive surge.