Prasad Sreeram, Founder & CEO, COGOS
By MT Bureau| Mar 05, 2021

COGOS Partners with Altigreen to Deploy 1000 EVs In Its Logistics Fleet

COGOS announced its partnership with Altigreen by deploying 1000 EVs in its fleet. COGOS, India’s fastest-growing intra-city logistics company, is focused on deploying a fleet of 1,000 vehicles in their phase 1 plan.

COGOS looks to operate across all metros in India including Bangalore, New Delhi, Mumbai, Pune, Hyderabad, and Kolkata, before expanding to Tier 1 and 2 cities.

This partnership has materialized 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 plans to bring in at least 30% of its revenue from green technologies by 2023 and this agreement paves the path to reach its sustainable goals. COGOS will provide multiple offerings including a scalable, sustainable, and cost-efficient solution to its end users.

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 and custom-built software that delivers high energy-efficiency and long life.

Commenting on the launch, Prasad Sreeram, 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. (MT)

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