EVET by Magenta expands its EV fleet in Mumbai and Chennai Markets

Subscribe to YouTube Channel

Subscribe to Mojo4Industry YouTube Channel and get Latest Industry Updates. Do press Bell Icon to get automated notifications whenever new video is uploaded.

Must Read

Danfoss inks MoU with IISc to promote use of natural or Low GWP refrigerants

Danfoss inks MoU with IISc to promote use of natural or Low GWP refrigerantsDanfoss Industries signed a MoU with...

Budget brings a major impetus to health care reform

Budget brings a major impetus to health care reform The health care proposals in the 2021 Union budget, aligned with...

Cooper Corporation launches Genset Series for western market

Cooper Corporation launches Genset Series for western market Cooper Corporation, one of India’s leading engine manufacturers, has introduced a brand-new...

EVET by Magenta expands its EV fleet in Mumbai and Chennai Markets

EVET by Magenta, the e-mobility platform, which has been successfully running EV (electric vehicle) Fleet for urban logistics movement for about a year now in Bengaluru, now enters Mumbai and Chennai Markets. The company shall roll out over 500 EV Fleet in the next 3-4 months in both cities.

EVET 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.

The 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 certification programme.

Darryl Dias, Co-founder of Magenta Group, said, “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.”

He adds, “We 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 & 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.”

EVET by Magenta, has witnessed two-fold month on month growth since its launch in the Bangalore Markets. In its next phase, the company shall further penetrate the southern markets starting with the Hyderabad region by the end of December 2022.

Seed funded by HPCL in 2018 & 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, an official statement said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

is banner
- Advertisement -
our advertiser v2

Tech Talks

00:11:23

ZEISS displays futuristic metrology solutions at IMTEX Forming 2022 | mojo4industry

ZEISS displays futuristic metrology solutions at IMTEX Forming 2022 | mojo4industry ZEISS is an internationally leading technology company operating in...
- Advertisement -
print v2

More Stories on mojo4industry