By ramping up its fleet size and footprints across India, Zyngo aims to capture at least 35 per cent of the entire hyperlocal e-commerce logistics market by 2024
Zyngo EV Mobility announced that it is working to deploy 18,000 electric vehicles. These delivery vehicles are being leased or sourced by Zyngo from the India’s leading OEMs such as Hero Electric, Piaggio, Omega Seiki Mobility, Kinetic Green and Mahindra Electric, among others;
Zyngo has been partnering with them based on strong and robust SLAs, wherein the entire maintenance and servicing of the vehicles is covered by the respective OEMs. Simultaneously, Zyngo will be looking to enter newer geographies while also scaling its B2B customer-cum-logistics-partner portfolio by more than 10x within the next one year or so. Among some of the renowned e-grocery and e-commerce brands in the country who Zyngo has been already serving and has become the reliable and trusted logistics-delivery partner to include – BigBasket, JioMart, Flipkart, BlinkIt, Amazon Fresh, etc.
Zyngo’s fleets are currently spread across Delhi-NCR (including Gurgaon, New Delhi, Noida, Ghaziabad and Faridabad), Bengaluru, Mumbai, Hyderabad, Jaipur and Chandigarh; and in the current fiscal, it is going to start operations in Pune, Ahmedabad, Indore, Chennai, Lucknow and Bhopal, among other locations, while further expanding its EV fleets onto their existing and new locations.
Speaking on the latest developments, Prateek Rao, Founder & CEO, Zyngo EV Mobility said, “We at Zyngo are currently on track to increase our fleet size by upto 18000 EVs by FY 23-end. As a part of this, we are targeting deployment of 10,000 EVs across various locations by November 2022, and then the rest by March 2023, in order to fulfil the growing market requirements and to increase our business propositions by 10x or more. By creating an ecosystem, Zyngo intends to provide a pollution-free, seamless delivery experience at cost-effective prices to its customers while driving forward the green movement in logistics-delivery space with its EV fleets.”
By ramping up its fleet size and footprints across India, Zyngo aims to capture at least 35 per cent of the entire hyperlocal e-commerce logistics market by 2024. Zyngo will be doing so primarily by leveraging and expanding Zyngo’s leadership in EV-logistics space onto emerging and booming segments such as food-tech, online-commerce, quick-commerce and e-grocery deliveries.