VegEase has achieved a turnover of INR 10 million, a customer base of over 18,000 in Delhi/NCR region, with 5000 customers coming on board in April and May 2021 alone.
In a bid to reduce carbon footprint of its logistics operations and achieve sustainable growth, VegEase, the country’s only cart-at-home e-grocery startup has begun to deploy Electric Vehicles (EV) in its last-mile logistics. The company has just completed an initial pilot this month and will move completely to an electric fleet by 2024. Towards achieving this, VegEase has partnered with electric vehicle OEM, OBA for their three-wheeler eVikas light commercial vehicles under a long term leasing model. The move will contribute to an operating cost reduction of 25%. VegEase will add three wheeler loaders with Li-Ion battery which have a load capacity of 300 kgs.
Speaking on the initiative, Mayank Chaurasia, CEO & Founder VegEase says, “EV is the future of city logistics and we at VegEase are committed to sustainable growth of this sector. With all our deliveries happening intra-city, and through last-mile logistics, it is imperative to look at reducing the carbon footprint of our operations, and to eventually reduce pollution by transport. We are convinced that this also significantly improves our costs in the long term while contributing to the creation of a robust EV ecosystem.”
The cart-at-home model of VegEase has seen tremendous success in the NCR region, as VegEase witnessed its customer base doubling in just one month, in April 2021, and is growing at the rate of 100% every month. Since its inception in January 2021, VegEase has achieved a turnover of INR 10 million, a customer base of over 18,000 in Delhi/NCR region, with 5000 customers coming on board in April and May 2021 alone. By the end of 2021, VegEase will be operational across all major metros in south and west India, with a targeted turnover of INR 40 million in the current fiscal year.
Source: Business World