Magenta Mobility Announces Aggressive Expansion Plans

MUMBAI - Magenta Mobility, a leading electric mobility firm, has unveiled its plan to significantly expand its fleet and market reach over the next financial year. The company aims to add 10,000 electric vehicles, including both three and four-wheelers, and is set to enter new cities such as Nashik, Nagpur, Vijayawada, Indore, and Kolkata.

Having established a strong presence in the electric three-wheeler segment, Magenta Mobility is now aggressively moving into the four-wheeler category. With a fleet exceeding 500 electric cargo four-wheelers, the company is transforming urban and intercity logistics.

The company has successfully launched interstate services across key corridors, including Rajasthan-Haryana-Delhi and Delhi-Haryana-UP, covering distances of over 180 and 140 kilometers respectively. Magenta's intercity services also include the Mumbai-Pune-Mumbai route, a 422-kilometer round trip.

Magenta's fleet of electric four-wheeler cargo vehicles offers a range of 150 kilometers per charge, breaking traditional limitations of electric vehicles being limited to intra-city operations with ranges of 100-120 kilometers per charge. The successful trials of these vehicles have proven the viability of EVs for longer intercity and interstate routes.