📈 Elektrateq and Elexi Launch Major Electric Three-Wheeler Fleet Partnership

Elektrateq Ltd. and Mobility as a Service Ltd. (operating as Elexi) have signed two landmark commercial agreements to accelerate electric mobility and fleet expansion across Sri Lanka. • Strategic Agreements: The partnership includes an ETX Purchase Agreement and a Vehicle Rental Agreement, establishing a framework for Elexi to procure and operate Elektrateq’s ETX electric three-wheelers at scale. • Innovative Financing: The deal, effective April 21, 2026, introduces flexible options such as volume-incentive models, batch purchasing with short-term financing, and Battery-as-a-Service (BaaS) configurations to ensure operational sustainability. • Sector Impact: The collaboration targets the transportation & logistics sector, aiming to make clean energy commercially viable for local riders while supporting the national shift toward renewable energy and reduced carbon emissions. • Industry Backing: Elexi is supported by Venture Advisors, featuring expertise from leaders at First Capital Holdings, PickMe, and Cornell University to drive technology and financial strategy. The move marks a significant step in the automotive and tech-enabled mobility landscape, focusing on scalable, cost-effective, and eco-friendly urban transport solutions.