Logistics firm Grab bought 15,000 . The EV fleet is planned

Author: Nishu June 13, 2022

Debt mutual funds see Rs 32,722 crore outflow in May on rising interest rates


Last-mile logistics solutions company Grab a Grub Services Pvt Ltd, 80% owned by Reliance Industries Ltd, plans to deploy 15,000 electric vehicles (EVs) in India this year and focus on accelerated commerce business, co-operated with Founder and Director Nishant Vora said.

“We are going for rapid deployment of EVs. We have partnered with Reliance BP for swappable batteries. They are installing the batteries at all the retail locations of Reliance. Riders do not need to buy batteries; All they have to do is buy a vehicle. They can use swappable batteries and pay per charge,” Mr Vora said.

He added that the company has partnered with Hero and Piaggio to supply 2W and 3W respectively.

“At present, we have deployed over 1,200 electric vehicles in three cities namely Ahmedabad, Pune and Delhi. We are launching it soon in Mumbai and this year we should have a total of 15,000 EVs.”

Apart from this, the company is focusing on quick commerce model to meet the demands of its customers.

“We are currently running a pilot project with Reliance JioMart, and it has been a success. In the next few months, we plan to expand it across India,” he said, adding that the accelerated commerce model was already happening with Instamart.

Inventory mapping is important in the Quick Commerce segment as not every product can be sold in this model. Strategizing delivery, managing and planning inventory, order mapping, optimum utilization of rider routes and capacities, precise routing and rider-store mapping are the key growth factors for a good hold and accelerated commerce,” he said.

Today 90% of Grab’s revenue comes from Reliance. The company is the exclusive in-house logistics provider for JioMart and is working closely with 500 customers outside Reliance, including Ola Dash, KFC, Zepto, Shoppers Stop, McDonald’s, Swiggy, Big Basket.

It has a supply fleet of over 100,000 for pickup and delivery. Vora said the company is doing more than five lakh deliveries per day across India.

He said the company has grown revenue five times in the last two years and has a run rate of ₹800 crore.

13 June, 2022, 9:14 pm

News Cinema on twitter News Cinema on facebook

Monday, 13th June 2022

More Stories
Critics say Musk has revealed himself as a conservative. It’s Not So Simple.
Kansas oil spill is biggest breach in Keystone pipeline history
Cops who can’t crack Idaho murder case now threaten internet sleuths with ‘criminal charges’
Paul Pelosi ‘looks like Frankenstein’, daughter Alexandra jokes, but worries about ’emotional scars’
NFL Owner by Day, Rock ‘n’ Roller by Night
China’s Looming ‘Tsunami’ of Covid Cases Will Test Its Hospitals
University of California Academic Workers Partly End Strike
African journalist Simon Ateba accuses White House Press Secretary of discrimination
LeBron James leads outpouring of grief over Grant Wahl’s shocking death at the World Cup
Amazon Prime to pay woman $40K to watch three months of TV
Mackay car crash: Kylie Burrage’s impact statement after husband Scott Burrage’s fatal Mirani crash
Jeff Bezos’ girlfriend Lauren Sanchez celebrates 53rd birthday with Kim Kardashian and Kris Jenner
Day 10: The Secrets of Being Santa
Viktor Bout tells Russian state news he isn’t ‘valuable’ despite Brittney Griner prison swap
Kari Lake Sues Arizona’s Largest County, Seeking to Overturn Her Defeat
North Carolina family of unvaccinated 14-year-old search for a medical center for kidney transplant
Cathy Areu, the Liberal Sherpa, is charged with kidnapping and stealing from her own mom
Mongols bikie Josh Rider murdered Paul Virgona 22 days after claiming love had changed him
Box Covering Columbus Statue in Philadelphia Must Be Removed, Court Rules
Republicans renew their calls for Biden’s nonbinary energy official Sam Brinton to be fired
Soccer Journalist Dies at World Cup After Collapsing at Argentina Game
New York Loosens Rules on Locations for Weed Dispensaries
A Two-Goal Lead Disappears, So Argentina Has to Do It the Hard Way
Joseph Kittinger, a Record-Setter High in the Skies, Dies at 94
The End of Griner’s Detention Begins a New Wave of WNBA Activism
‘Ain’t No Mo’ to Close on Broadway
Netflix DIDN’T get permission from the BBC to show Diana’s Panorama interview
Sinema Adds Intrigue and Democratic Fury to Arizona’s 2024 Senate Race
Letters Helped Brittney Griner Survive. Here’s one for her future.
Leaders Back Away From Raising Debt Ceiling, Punting Clash To New Congress
Lina Khan, Aiming to Block Microsoft’s Activision Deal, Faces a Challenge
Blowback Over Griner’s Release Exposes Depth of America’s Divisions
Saudi Arabia says Crown Prince MBS made ‘personal efforts’ to help free Brittney Griner
Winter Weather Havoc Is Expected To Make A Cross-Country Run
William ‘unlikely’ to make up with Harry following Netflix betrayal, warn friends
‘It Hurts’: Brazil Is Left Wondering What Went Wrong
Playing Santa Onscreen Takes Much More Than Just Donning a Red Suit
Reader outrage over Megan’s disrespectful Netflix curtsy
Age Is Just a Number as MLB Teams Drop $2 Billion on Free Agents
Woman learns her dad isn’t her biological father after a STRANGER texted her to get a DNA test