COGOS partners with Altigreen to deploy 1000 EVs in logistics fleet

March 9, 2021: COGOS Technologies announced its partnership with Altigreen by deploying 1000 EVs in its fleet, a step to further strengthen its commitment towards electric mobility in the country.

This partnership has materialized at an opportune time as the budget 2021 and the later impositions of green tax and new scrap policy extensively showed the government's intent to enhance EV adoption in India. COGOS would initially operate across all metros in India including Bangalore, New Delhi, Mumbai, Pune, Hyderabad, and Kolkata, before expanding to Tier 1 and 2 cities.

COGOS plans to bring in at least 30 percent of its revenue from green technologies by 2023 and this agreement paves the path to reach its sustainable goals. COGOS will provide multiple offerings including a scalable, sustainable, and cost-efficient solution to its end users. With a load capacity and enhanced range that compares well with existing ICE options, COGOS will give customers a significant edge in efficient and responsible distribution and last-mile delivery solutions.

Prasad Sreeram, founder & CEO, COGOS, said, “With the growing demand for last-mile services in India, we believe electric vehicles provide an ideal long-term solution for the emerging imperatives around sustainability and cost-effectiveness. We will continue to transform city logistics with our tech platform which has improved the service levels and efficacy of Enterprises and Transporters. Now with EV, we are bringing in world-class renewable technologies to the city logistics play to further our mission to make Atmanirbhar Bharat.”, he further added.

In Phase 1, COGOS is focused on deploying a fleet of 1,000 vehicles. The initial focus will be on three-wheeler cargo applications and the company will primarily utilize Altigreen three and four-wheelers that are custom-designed with high-quality components & custom-built software that delivers high energy-efficiency and long life.

COGOS plans to deploy these fleets with an aspiration to continue scaling and offering employment and business partner opportunities in the communities they operate in.