EV leasing platform Drivn signs pact with Energy In Motion for 1,000 EV trucks

Mumbai: EV leasing platform Drivn on Tuesday said it has signed an initial pact with original equipment manufacturer Energy In Motion (EIM) to deploy around 1,000 heavy-duty electric trucks pan-India over the next two years.

The collaboration will combine EIM’s vehicle and energy capabilities with Drivn’s leasing, financing and operational model, with a focus on improving access and reducing entry barriers for fleet operators, the company said.

This includes support across vehicle supply, financing structures, deployment planning, lifecycle management and energy support, it said.

As part of the agreement, the companies will jointly identify deployment opportunities, align on vehicle specifications, manage delivery timelines, and provide after-sales support, including maintenance and access to charging and battery-swapping solutions.

Energy in Motion is an associate venture of Ravindra Energy Limited (REL) and OEM for heavy-duty electric trucks featuring battery-swapping technology and solutions provider.

“This partnership with Energy in Motion brings together complementary strengths across vehicles, energy infrastructure, and financing, allowing us to offer a more complete and practical solution to our customers,” said Manav Bansal, CEO and Co-founder, Drivn.

Scaling electric trucks in India will depend on how well they perform as a commercial solution for fleet operators, he said, adding that while intent to adopt is already there, the transition will be driven by clear economics, consistent performance, and dependable operations.

“We believe this (partnership) will help fleet operators move to electric with greater confidence and at a more meaningful scale,” Bansal added.

The partnership, Drivn said, builds on its recent USD 80 million commitment from Nomura and its ongoing MoUs across the electric mobility ecosystem, supporting coordinated deployment across vehicles, energy, and fleet operations.

“Through this collaboration, we are aligning vehicle supply, financing structures, and lifecycle support in a way that reduces complexity for the end user,” said Alpna Jain, Co-founder and Chief Business Officer, Drivn.

For most fleet operators, the shift to electric is still a business decision first. It comes down to how simple the process is, how predictable the costs are, and how reliable the overall ecosystem feels, she stated.