Drivn, an EV leasing platform focused on heavy commercial fleets, has signed a Memorandum of Understanding (MoU) with Energy in Motion (EIM), an associate venture of Ravindra Energy Limited (REL) and a leading OEM of heavy-duty electric trucks with battery-swapping technology. The partnership aims to accelerate the deployment of electric heavy-duty trucks across India.
Under the agreement, the two companies plan to deploy approximately 1,000 electric trucks over the next two years, leveraging Drivn’s growing customer network. The collaboration is expected to support fleet electrification while addressing operational efficiency through advanced battery-swapping solutions.
The initiative reflects a shared commitment by both companies to promote sustainable logistics and reduce emissions in India’s commercial vehicle sector, particularly in high-utilization heavy-duty applications.
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. This includes support across vehicle supply, financing structures, deployment planning, lifecycle management and energy support.
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.
Commenting on the partnership, Manav Bansal, CEO and Co-founder, Drivn, said, “Scaling electric trucks in India will depend on how well they perform as a commercial solution for fleet operators. While intent to adopt is already there, the transition will be driven by clear economics, consistent performance, and dependable operations. 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. We believe this will help fleet operators move to electric with greater confidence and at a more meaningful scale.”
Alpna Jain, Co-founder and Chief Business Officer, Drivn, added, “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. Through this collaboration, we are aligning vehicle supply, financing structures, and lifecycle support in a way that reduces complexity for the end user. Our focus is to make the transition easier to evaluate and implement, especially for operators managing large and diverse fleets.”
Commenting on the announcement, Narendra M. Murkumbi Managing Director & CEO, Energy in Motion Private Limited, said “This MoU is further validation of the EIM approach to solving the entire EV challenge in heavy commercial vehicles by enabling scale and selling vehicles without battery pack and offering a charging service with swappable batteries.”
The partnership builds on Drivn’s recent US$ 80 million commitment from Nomura and its ongoing MoUs across the electric mobility ecosystem, supporting coordinated deployment across vehicles, energy, and fleet operations.
