Elektrateq and Elexi Seal Landmark Electric Three-Wheeler Fleet Partnership

ETX Purchase Agreement and Vehicle Rental Agreement position Elexi as a key fleet operator and dealer partner of Elektrateq's electric three-wheelers in Sri Lanka.

Elektrateq (Private) Limited and Mobility as a Service (Private) Limited, operating under the brand Elexi, announced the signing of two landmark commercial agreements, marking a significant milestone in their collaboration to accelerate the adoption of electric mobility in Sri Lanka.

The agreements — an ETX Purchase Agreement and a Vehicle Rental Agreement, together establish a comprehensive framework for Elexi to procure, deploy, and operate Elektrateq’s ETX electric three-wheelers at scale across the country.

A Partnership Built for Scale - Under the ETX Purchase Agreement, effective 21 April 2026, Elexi gains access to multiple flexible purchase options, including volume-incentive models, batch purchasing with short-term financing, and Battery-as-a-Service (BaaS) configurations.

These arrangements are designed to support both rapid fleet growth and long-term operational sustainability.

“This agreement is a testament to our commitment to making clean electric mobility accessible and commercially viable in Sri Lanka.

Elexi is the ideal partner to bring the ETX to more riders across the country, and we look forward to growing this relationship together,” stated Kusal Subasinghe, Director, Elektrateq (Private) Limited.

Heminda Jayaweera, Director, Mobility as a Service (Private) Limited added,

“The ETX platform gives Elexi the reliable, scalable, and cost-effective fleet foundation we need to deliver on our mobility-as-a-service vision.

These agreements unlock the full value of our partnership with Elektrateq and set the stage for significant fleet expansion.”

Elektrateq is a proudly Sri Lankan electric vehicle company engaged in the design, manufacturing, maintenance, and sale of electric three-wheelers and other EV solutions.

Headquartered at the Railway Warehouse Complex in Maradana, Colombo 10, Elektrateq stands at the forefront of the nation’s transition to sustainable urban mobility.

As the only Sri Lanka–built electric three-wheeler manufacturer, Elektrateq represents a significant milestone in the country’s industrial and technological advancement.

The company embodies local innovation, engineering capability, and self-reliance, positioning its products not just as vehicles, but as a symbol of national pride and progress toward a cleaner, more sustainable future.

Mobility as a Service (Private) Limited, trading as Elexi, is a Sri Lankan mobility platform focused on deploying and operating electric vehicle fleets as part of a broader mobility-as-a-service offering.

Elexi operates on a flexible rent-to-own model, offering affordable monthly instalments that make access to its services both practical and scalable.

Designed to provide complete peace of mind, the model eliminates additional burdens for operators, with no maintenance, insurance, or hidden costs involved.

Open to both individuals and corporate clients, Elexi’s approach ensures accessibility while supporting a wide range of mobility and business needs.

Elexi is backed by Venture Advisors, that comprises of a distinguished panel of industry leaders including Rajendra Theagarajah, Chairman of First Capital Holdings PLC; Mithila Somasiri, former Chief Technology Officer of PickMe; and Samitha Samaranayake, Associate Professor at Cornell University.

Together, this advisory panel brings a powerful blend of expertise across finance, technology, and academia, strengthening Elexi’s strategic direction and growth potential.

Photo caption - The teams of Elektrateq (Private) Limited and Mobility as a Service (Private) Limited at the agreement signing.