Energy in Motion and Drivn Partner to Deploy 1,000 Electric Heavy Duty Commercial Vehicles

Energy in Motion and Drivn Partner to Deploy 1,000 Electric Heavy Duty Commercial Vehicles​

Energy in Motion Limited (EIM) and Drivn have signed a Memorandum of Understanding (MoU) aimed at deploying 1,000 electric heavy duty commercial vehicles across India. This strategic alliance combines vehicle supply, financing expertise, and energy solutions to bolster the large-scale electric fleet sector.

Drivn, a specialized EV leasing platform for heavy commercial fleets, and Energy in Motion, an Original Equipment Manufacturer (OEM) noted for heavy-duty electric trucks featuring battery-swapping technology, will work together to facilitate the deployment of heavy-duty electric trucks nationwide.

Under the terms of the partnership, the two companies are set to deploy approximately 1,000 electric trucks over the next two years utilizing Drivn's existing customer network.

The collaboration merges EIM's strengths in vehicle provision and energy capabilities with Drivn's robust leasing, financing, and operational model. The focus is on simplifying access and significantly reducing entry barriers for fleet operators. This comprehensive support covers vehicle supply, establishing financing structures, deployment planning, lifecycle management, and crucial energy support.

As part of the joint effort, the entities will work to identify deployment opportunities, align specifications for vehicles, manage delivery timelines, and provide extensive after-sales support, including maintenance and access to both charging and battery-swapping solutions.

Commenting on the partnership, Manav Bansal, CEO and Co-founder of Drivn, stated that scaling electric trucks in India requires strong commercial viability for fleet operators. He noted that while intent to adopt is high, the transition hinges on clear economics, consistent performance, and dependable operations. He added that the partnership with Energy in Motion brings together complementary strengths across vehicles, energy infrastructure, and financing, creating a more complete and practical solution for customers.

Alpna Jain, Co-founder and Chief Business Officer at Drivn, emphasized that for most fleet operators, shifting to electric is fundamentally a business decision. She highlighted that this collaboration streamlines the process by aligning vehicle supply, financing structures, and lifecycle support, thereby reducing complexity for the end user, especially for operators managing large and diverse fleets.

Narendra M. Murkumbi, Managing Director & CEO of Energy in Motion Limited, stated that the MoU validates EIM’s approach to solving the entire EV challenge in heavy commercial vehicles. This strategy involves enabling scale by selling vehicles without battery packs and providing a complete charging service utilizing swappable batteries.

The partnership also builds upon Drivn's recent commitment of US$ 80 million from Nomura and its ongoing MoUs across the electric mobility ecosystem, supporting coordinated deployment across vehicles, energy, and fleet operations.

Overview of the Companies​

Drivn
Drivn is dedicated to building India's operational and financial infrastructure for commercial electric mobility. The company acquires, owns, and leases electric buses and trucks, supported by an integrated tech stack. This stack includes planning charging infrastructure, battery lifecycle management, fleet operations, and end-of-life solutions. Drivn’s OEM-agnostic approach is designed for intercity transport operators, logistics providers, and asset-intensive industries transitioning to electric fleets at scale. The company is backed by global institutional investors.

Energy in Motion Limited (EIM)
Energy in Motion Limited is an associate venture of Ravindra Energy Limited (REL), holding a 49.5% shareholding. EIM's business model focuses on selling bare electric tractors (without battery packs) to transporters while concurrently providing battery packs, charging/swapping infrastructure, and energy supply through long-term contracts. EIM began its commercial operations on August 1, 2025.

RELTD Stock Price Movement​

Shares of Ravindra Energy Limited slipped today, settling at ₹135.86, a 2.20% decline from its previous close. The stock traded on a volume of 58,439 shares in the post-market session.

Source:​