COGOS, India’s fastest-growing intra-city
logistics company, has recently announced its partnership with Altigreen which
designs and develops electric vehicle (EV) drivetrains with a special focus on
emerging markets, to deploy 1000 EVs in its fleet.
This is a step to further strengthen COGOS
commitment towards electric mobility in the country. This partnership has
materialised at an opportune time as the budget 2021 and the later impositions
of green tax and new scrap policy, extensively showed the government's intent
to enhance EV adoption in India. COGOS would initially operate across all
metros in India including Bangalore, New Delhi, Mumbai, Pune, Hyderabad, and
Kolkata, before expanding to Tier 1 and 2 cities.
COGOS plans to bring in at least 30 per
cent of its revenue from green technologies by 2023 and this agreement paves
the path to reach their sustainable goals. COGOS will provide multiple
offerings including a scalable, sustainable, and cost-efficient solution to its
end users. With a load capacity and enhanced range that compares well with
existing ICE options, COGOS will give customers a significant edge in efficient
and responsible distribution and last-mile delivery solutions.
Founder & CEO, COGOS said, “We are very excited about this partnership
because Altigreen exemplifies our collective vision of the Future of Mobility
–to create a sustainable ecosystem that transforms the logistics industry with
the right R&D and support the Make in India initiative. Altigreen
indigenously developed this product with many global patents to its kitty.”
“With the growing demand for last-mile
services in India, we believe electric vehicles provide an ideal long-term
solution for the emerging imperatives around sustainability and cost
effectiveness. We will continue to transform city logistics with our tech
platform which has improved the service levels and efficacy of Enterprises and
Transporters. Now with EV, we are bringing in world class renewable
technologies to the city logistics play to further our mission to make Atmanirbhar
Bharat.”, he further added.
In Phase 1, COGOS is focused on deploying
a fleet of 1,000 vehicles. The initial focus will be on three-wheeler cargo
applications and the company will primarily utilize Altigreen three and four
wheelers that are custom-designed with high-quality components &
custom-built software that delivers high energy-efficiency and long life.