COGOS Expands Its Fleet with 2500 New Electric Vehicles

In an effort to reduce the carbon footprint of its fleet and to achieve sustainable growth, Bangalore-based COGOS, the end-to-end enterprise logistics company has announced to expand its fleet by 2500 electric vehicles (EVs).

The company will expand across major cities like Bangalore, Hyderabad, Delhi, and Gujarat, and later in Maharashtra and Tamilnadu. This fleet is expected to achieve a reduction of 15000 tonnes of CO2, when running at full capacity, per year. The fleet addition will take place in a phased manner over the next 24 months.

COGOS has partnered with OEMs (Original Equipment manufacturers) including Altigreen, Mahindra & Mahindra, and Piaggio to enable its sustainable growth. Currently, the company operates with three-wheeler commercial vehicles that have a payload capacity of 500 kgs and is already working with the OEMs for four-wheeler EVs with a capacity of 1 tonne. These EVs will be used for the e-commerce, grocery, distribution, and mobility sector.

COGOS has already entered into deployment agreements of 500+ vehicles for leading E-Com Enterprise and another 300+ with Food, FMCG, and Mobility enterprises, as per the claims.

COGOS claims to strengthen the ecosystem by promoting EV ownership and creating a pool of fleet-owning entrepreneurs focused on sustainable growth, with a special focus on women empowerment through entrepreneurship and upskilling. This includes evangelizing the benefits of EV to finance providers. Towards this, COGOS enters into a tripartite agreement with the owner-operator and the financing entity, to support better financing for driver-partners.

The firm is also bridging another gap by educating potential fleet owners on the benefits of EV. One such benefit is that the cost of operating the commercial EV is only INR 50 paise per kilometer, which is multiple times lesser than fossil-fuel-based vehicles.

Speaking on its plans to achieve environmentally sustainable growth, Co-founder & CEO of COGOS, Mr. Prasad Sreeram, 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.”

“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 are best suited for EV adoption for the logistics sector,” he added.