by Magenta, the e-mobility platform, which has been successfully running EV
Fleet for urban logistics movement for about a year now in Bengaluru has now
entered Mumbai and Chennai markets. The company shall roll out over 500+ EV
Fleet in the next 3-4 months in both cities.
shall enter the new markets with its electric three-wheelers in L5 categories,
which has travelled over 1 million clean (electric) kilometres, offsetting
almost 150 metric tonnes of Co2 emissions.
EVET EV fleet is used to transport medium and large-sized cargo and offers
significant cost savings. The running cost of an electric vehicle is on an
average about Rs 1.5–2 per km, whereas operating a petrol vehicle hovers around
Rs 8–9 per km. The fleet runs on in house designed EVET’s proprietary Fleet
Management System that provides real-time data for track and trace, dedicated
service support, and operational enablement via the unique driver training and
Dias, Co-founder of Magenta Group, says, “We at EVET have had success in
Bengaluru markets, from a pilot to a full-fledged run; we strongly believe that
the future of urban logistics movement, particularly in the logistics industry,
is through electric mobility. To accelerate the adoption of EVs in the
end-to-end logistics industry, we are currently investing in deploying new
vehicles as well as developing full stack technology for Fleet Management to
better manage, monitor, monetize the assets. EVET’s electric fleet is a perfect
match for our sustainability goals.”
are extremely proud and excited to launch end to end logistics services with
our IoT, and AI-enabled electric fleet in Mumbai and Chennai. With the new
markets, we aim to partner with the businesses and neighbourhood stores to
provide eco-friendly and delivery services through our EV Fleet, which will
help adopt a carbon-free ecosystem to reduce pollution in the cities.” he
by Magenta, has witnessed two-fold month on month growth since its launch in
the Bengaluru Markets. In its next phase, the company shall further penetrate
the southern markets starting with the Hyderabad region by the end of December
funded by HPCL in 2018 and incubated by Shell in 2019, Magenta is also backed
by the Microsoft Start-up Program further to strengthen its advanced technology
platform for Electric Mobility. In 2020, Magenta had raised pre-series funding
from JAN (JITO Angel Network) and LetsVenture. In May 2021, Magenta announced
that it had closed its Series A funding by renowned Indian American
philanthropist, billionaire, and serial entrepreneur, Dr. Kiran Patel. The
brand currently is in discussions to raise Series B funding in 2022.
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