Jitendra New EV Tech has signed an MoU with last-mile logistics company FAE Bikes to supply 12,000 electric scooters. This is one of the biggest single order for EVs in the country. The Nashik-based EV maker will provide 1,200 units of the JMT 1000 3K e-scooter to FAE Bikes over a period of 1 year. The value of the deal is estimated to be approximately Rs 120 crore.

Initially, FAE Bikes will offer these new JEV scooters to its customers across Bengaluru, Delhi NCR, and Hyderabad. Headquartered in Bengaluru, The company works with several Indian logistics companies to facilitate door-to-door logistics services with a fleet of e-scooters.