Logistics startup COGOS to enhance its fleet with 2,500 EVs
Bengaluru-based logistics services startup COGOS Technologies has announced that it will increase its fleet with 2,500 electric vehicles across Bengaluru, Hyderabad, Delhi, and Gujarat, and later in Maharashtra and Tamil Nadu in a phased manner over the next two years. At present, the company operates with three-wheeler commercial vehicles that have a payload capacity of 500 kg. It is working with original equipment manufacturers (OEMs) for four-wheeler EVs with a capacity of 1 tonne, which will be used for the e-commerce, grocery, distribution, and mobility sector.
The company has associated with OEMs such as Altigreen, Mahindra & Mahindra, and Piaggio to facilitate its sustainable growth, the company said in a release.
It has already entered into agreements for the deployment of over 500 vehicles for leading e-commerce players and another over 300 with food, FMCG, and mobility enterprises, the company said.
"It is important for us, as a logistics company, to focus not just on efficiency and cost, but also on sustainability. With this fleet augmentation of 2500 EVs, we are on track to achieve as much as 30 percent of our revenues from green technologies by 2023," Prasad Sreeram, Co-founder and CEO, COGOS said.
"We want to give customers a significant edge in efficient and responsible distribution and last-mile delivery solutions. EV is the future of mobility and city logistics have higher operating costs and lower traveling distances, hence they are best suited for EV adoption for the logistics sector," he added.
COGOS is dedicated to strengthening the ecosystem by promoting EV ownership and creating a pool of fleet-owning entrepreneurs focused on sustainable growth, it said.