Tech-logistics start-up Blowhorn turns electric, EVs to make up 50% of fleet
Blowhorn, India's leading intra-city logistics aggregator today announced that it is planning to turn towards environmentally sustainable mobility. The startup plans to move 50% of its fleet to eco-friendly mobility solutions like EVs, Hybrid vehicles, CNG by the end of 2021 and 100% by 2025. The company stated that it has a dedicated team building out a robust action plan to make this ambitious goal practicable.
To this end, Blowhorn has over the past several months advanced discussions with multiple stakeholders including several EV and battery manufacturers, technologies targeting EV alternatives, and the broader mobility ecosystem. To underscore its commitment, Blowhorn also announced that it had expanded the roles of several of its most senior executives to drive this critical initiative. Currently, 10% of Blowhorn fleet already run on EVs and environmentally sustainable.
Mithun Srivatsa, co-founder and CEO of Blowhorn, says "At Blowhorn, historically, we have focused relentlessly and successfully on sustainable unit economics, profits and on enhancing the livelihoods of our partner drivers. We are at an interesting inflection point where experimental technologies are poised to become mainstream. We have always believed that the future of smart logistics is green, and we hope that this public articulation of our commitment will spur more players in the broader logistics industry to follow suit."
Karthik Prabhakar, Partner at Chiratae Ventures adds "Electric Mobility is a rapidly evolving sector, which will potentially grow the current landscape. Blowhorn is the innovation leader in intra city logistics and it was natural that they expanded into the new space."
Blowhorn, headquartered in Bangalore, is backed by marquee investors including Chiratae Ventures (formerly IDG), MSDF, Draper Associates and Unitus Ventures.
DISCLAIMER: This information is published as per the press release sent to us. It has not been verified or ratified by OVERDRIVE.
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