Shadowfax To Have 75% EV Fleets By 2024

Shadowfax Technologies aims to have 75% of its fleet as electric vehicles by 2024 and 100% EVs by 2026. This comes as an effort to make logistics sustainable with zero pollution vehicles.

Shadowfax Technologies is a leading crowdsourced platform for last-mile deliveries of India. The company has 30% daily users and it has cycles, electric vehicles, and other eco-friendly vehicles.

Abhishek Bansal, Co-founder & CEO, Shadowfax Technologies, said, “We are thrilled with the expansion of our EV fleet. Shadowfax envisions to ensure that every Indian who is looking for an earning opportunity should be able to do the same by engaging with us. Our team is streamlining the whole process so that people can earn within minutes of logging into the platform. With the EV and E-store initiatives, our target on first-time users and new categories like women partners would be fast-tracked. Additionally, it gives me immense pleasure to be participating in the NITI Aayog project ‘Shoonya- Zero Pollution Mobility,’ which is relentlessly driving the EV agenda.” 

“Being an asset lite platform, we have taken an extensive aggregator-centric approach, where we provide matchmaking between vehicle owners, OEMs, rental models, and delivery partners. Since the launch of these matchmaking services on our e-store, we have seen tremendous interest coming from partners. This is due to a very strong and unique value proposition that we have created. More than 50 lenders, OEMs, and vehicle owners have already registered before the official launch of E-store on our app”, added Mr. Ankit Kala, VP – Operations, and Strategy, Shadowfax Technologies. 

The company faces many issues including financial help as the company is still working on charging infrastructure. Shadowfax is trying to solve EV-related challenges with various partnerships.

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