Bengaluru-based logistics company, Cogos has plans to add 2,500 electric vehicles to its fleet in Hyderabad, Delhi and Bangalore to reduce the carbon footprint of its fleet and achieve sustainable growth. It also plans to add electric vehicles in Gujarat and later in Maharashtra and Tamil Nadu.
With this fleet, at full capacity, the company aims to save 15,000 tonne of CO2 per year. The integration of the fleet will take place in stages over the next 24 months.
The company currently operates with commercial vehicles on three wheels with a payload of 500 kg and is already working with OEMs for four-wheel electric vehicles with a load capacity of one tonne for the e-commerce, food, distribution and mobility sectors.
Cogos has partnered with OEMs such as Altigreen, Mahindra & Mahindra and Piaggio to enable their sustainable growth. They have already signed implementation contracts for more than 500 vehicles with leading e-commerce enterprise and another 300+ with food, consumer goods and mobility companies.
Prasad Sreeram, Co-founder & CEO, Cogos 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 2,500 EVs, we are on track to achieve as much as 30% of our revenues from green technologies by 2023.”
Cogos has entered into tripartite agreements with owner operators and financial institutions to support better financing for the driver partners. They are also bridging another gap by educating potential fleet owners about the benefits of electric vehicles, such as its cost effectiveness.