Zevo India Aims for 50% Solar-Powered EVs in Logistics by End of FY25
Zevo India, a three-year-old start-up, is set to transform the logistics and mobility sector with its innovative and sustainable transportation solutions. By leveraging advanced technology, Zevo India aims to provide electric logistics and supply chain solutions across two-wheeler, three-wheeler, and four-wheeler modes of transport.
Solar-Powered Fleet: A Step Towards Sustainability
In a bid to reduce the environmental impact and operating costs, Zevo India plans to charge its electric fleet using solar energy. Solar-powered vehicles, as the name suggests, are electric vehicles charged through solar power, directly converting sunlight into electrical energy. This not only decreases the vehicle’s running costs but also promotes a greener environment.
“We are planning that 50% of our facilities this year will be solar-powered, and by next year, all new facilities will be 100% solar-powered,” stated Dhruv Bhatia, Co-founder and COO of Zevo India. The start-up is currently working on its first solar-powered charging facility in Delhi, with plans to expand to other metropolitan cities in the coming months.
Expanding Client Portfolio and Strategic Partnerships
Zevo India’s current client portfolio includes major names such as Flipkart, Zomato, Blinkit, and Uber. Looking ahead, the company plans to sign new partnerships with leading companies like Maersk, Kuehne+Nagel, Mars, Transagile, Shadowfax, and Delhivery for FY24-2025. These new tie-ups reflect Zevo’s commitment to bringing technologically advanced vehicles to the Indian market.
Technological Innovations and Fleet Management
Zevo India is also exploring the potential of temperature-controlled refrigerated electric vehicles (REVs) to cater to the specific needs of sectors like pharmaceuticals and food & beverage. In December, the company announced its collaboration with Macphy to provide temperature-controlled last-mile fleet services. “We are expecting an order for more than 2,000 vehicles,” Bhatia revealed to ETAuto.
To enhance fleet management and safety standards, Zevo India is utilizing the latest technology for vehicle analytics and monitoring. This approach helps both fleet operators and the company understand fleet operating behavior better. “We are in talks with two to three AI companies to integrate higher safety features like ADAS into our fleet,” Bhatia added. “I think fleet utilization, maintenance, and understanding will improve significantly in the coming months.”
Fundraising Efforts and Revenue Expectations
Zevo India is in the process of fundraising to expand its fleet size, although Bhatia chose to keep the specifics confidential until the paperwork is completed. The company is optimistic about its revenue prospects for the current financial year, aiming for 10,000 vehicles and an annual run rate of INR 250 crore. “We have already achieved INR 5-6 crore in business this financial year, which matches our revenue for FY24,” Bhatia noted. “We have a large order book to cater to, raising our expectations for this financial year.”
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Zevo India is on a mission to revolutionize the logistics and mobility sector with its sustainable and technologically advanced solutions. By focusing on solar-powered vehicles and cutting-edge technology, the start-up is set to make a significant impact on the Indian market, ensuring a greener and more efficient future for logistics and supply chain operations.
Content Credit: ET Auto
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