Shadowfax Technologies To Move 75% of Its Fleet To EVs By 2024
Shadowfax Technologies, India's leading crowdsourced platform for last-mile deliveries, announced its plans for rapid electrification of fleet and its aim to move to 75 per cent electric vehicles by 2024. It also aims to transition to 100 per cent electric movement by 2026. This adoption is part of a global effort to make logistics more sustainable with the Zero Pollution Campaign. By introducing this initiative, Shadowfax seeks to transform the industry and introduce a proactive measure to reduce carbon emissions, bringing a new approach to the last-mile logistic space that is environment-friendly.
The commercial EV market is growing with various aspects, including the availability of vehicles, corporate net-zero responsibilities and carbon pricing providing the additional impetus for substantial growth of electrification of last-mile delivery fleets in India.
Shadowfax with its IP technologies has built a platform that is unique and sustainable as it is optimized for various parameters such as vehicle speeds, customer expectations, willingness and ability to pay thus making it the platform of choice for EV partners. It is leading the 2 wheeler market adoption of zero-carbon emission means of last-mile with 30 per cent daily active users of its 100k+ strong crowdsourced platform using cycles, EVs and other eco-friendly means.
Sharing his thoughts on the EV adoption for long-term growth goals, Abhishek Bansal, Co-founder & CEO, Shadowfax Technologies, said, "We are thrilled with the expansion of our EV fleet. Shadowfax envisions ensuring that every Indian who is looking for an earning opportunity should be able to do the same by engaging with us. Our team is streamlining the whole process so that people can earn within minutes of logging into the platform. With the EV and E-store initiatives, our target on first-time users and new categories like women partners would be fast-tracked. Additionally, it gives me immense pleasure to be participating in the NITI Aayog project ‘Shoonya- Zero Pollution Mobility,’ which is relentlessly driving the EV agenda.”
“Being an asset lite platform, we have taken an extensive aggregator-centric approach, where we provide matchmaking between vehicle owners, OEMs, rental models, and delivery partners. Since the launch of these matchmaking services on our e-store, we have seen tremendous interest coming from partners. This is due to a very strong and unique value proposition that we have created. More than 50 lenders, OEMs, and vehicle owners have already registered before the official launch of E-store on our app”, added Mr. Ankit Kala, VP - Operations and Strategy, Shadowfax Technologies
Despite its many advantages, the EV space currently faces a lot of challenges - be it the limited support in form of loans from financial institutions for EVs, the still-developing charging infrastructure or lack of trusted cost-effective OEMs.
Shadowfax is holistically trying to solve all challenges in the EV space by involving strategic partnerships to enable seamless adoption. The network-level traction witnessed so far is very promising and beneficial for all stakeholders.
