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

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Monday, 13th June 2022

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