Jupiter Wagons Shares Rise Over 3%; Arm Partners with Pickkup to Accelerate EV Adoption in Logistics

Jupiter Wagons witnessed a notable upswing in its share price. The stock opened at ₹408.45 and surged to an intraday high of ₹419.40, reflecting growing investor interest. This marks a 3.10% increase from the previous close of ₹400.55 with the latest quoted value standing at ₹412.95 at 9:30 AM on the NSE.

Jupiter Wagons - Pickkup MoU Details

In a strategic push to promote electric vehicle adoption in the logistics sector, Jupiter Electric Mobility (JEM) the EV arm of Jupiter Wagons Ltd. (JWL) has signed a Memorandum of Understanding (MoU) with Pickkup, a Delhi-based logistics startup focused on sustainable last-mile and mid-mile delivery solutions.

The collaboration aims to enhance the adoption of electric light commercial vehicles (e-LCVs) in logistics operations across India.

A Green Alliance for the Future of Transport

As part of this partnership, 300 units of JEM TEZ, JEM's flagship electric light commercial vehicle, will be added to Pickkup’s EV fleet by the end of 2025. This collaboration kicks off with the successful delivery of the first batch of JEM TEZ vehicles.

The deployment follows extensive pilot testing, which validated the vehicles' strong real-world performance, range reliability, and operational efficiency in both urban and intercity delivery scenarios.

During the pilot phase, the JEM TEZ vehicles consistently delivered a range of 190–220 km per charge, even under demanding road and cargo conditions. From congested urban streets to longer intercity routes such as Delhi to Chandigarh, the EVs demonstrated their viability and endurance, reinforcing their potential for large-scale deployment in logistics operations.

About Pickkup

Pickkup is a fast-growing, EV-first logistics platform with a footprint across the National Capital Region (NCR) and tier-2 cities like Mohali and Chandigarh.

The company offers tech-enabled delivery solutions using 3-wheeler and 4-wheeler commercial EVs tailored for on-demand, corporate, and warehouse needs. Its scalable infrastructure and EV-centric approach make it a natural partner in India’s clean mobility transformation.

Vision from Jupiter Group Leadership

Vivek Lohia, Managing Director of Jupiter Group, expressed his excitement about the partnership, highlighting the company’s commitment to revolutionizing logistics with advanced electric vehicles.

He said, “At Jupiter Electric Mobility, our goal is to equip logistics providers with cutting-edge electric vehicles that excel in performance, sustainability, and profitability. This collaboration with Pickkup represents a pivotal move toward achieving India’s clean mobility ambitions.”

About Jupiter Wagons

Jupiter Wagons Ltd. is a diversified provider of mobility solutions, with a portfolio that spans across freight wagons, locomotives, braking systems, ISO containers, commercial vehicles, and now a growing focus on electric mobility.

Its product range includes couplers, wheels, axles, lithium batteries, and the electric commercial vehicle line under JEM, reinforcing its commitment to a future of clean, efficient transportation.

Read More: Jupiter Wagons Q4 FY25 Earnings Results: Surpasses ₹4,000 Crore Revenue.

Conclusion

This partnership between Jupiter Electric Mobility and Pickkup represents more than just a vehicle deployment it’s a transformative move toward sustainable logistics in India. With scalable EV infrastructure, innovative vehicle technology, and a shared commitment to clean transport, the collaboration is poised to reshape the logistics landscape for a smarter, greener future.

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