According to the report, the global last-mile delivery market size was valued at USD 40.5 Billion in 2021 and is anticipated to generate USD 123.7 Billion in 2030 and the market is projected to grow at a CAGR of 13.21% during the forecast period (2022-2030). As a matter of fact, with the evolution of the e-commerce Industry, last-mile delivery services are now covering more than 100 miles of shipping directly to the consumer doors and the trend of e-commerce shopping has led to a new foundation stone for such delivery services which in turn have given a boost to the shipping and logistics industry.
The ideal delivery time on an e-commerce platform led to the demand for fast delivery services and this is where TriGo-Electric came into play with their Electric vehicle rental services that in turn boosted the growth of e-commerce platforms, making the e-commerce Industry the third largest market in the world with US$350 billion by 2030.
Since over 65% of cities’ carbon comes from last-mile delivery, TriGo – Electric focused on reducing cities carbon footprint through their EV last-mile fleet. With its tech-enabled EV as a service platform and mission of emission-free delivery and making India carbon-free through the use of an ecosystem of Electric Vehicles and EV-based technology, TriGo Electric is leading the green movement in the Indian logistics and mobility sector. TriGo Electric, an up-and-coming electric scooter and bike rental company in India, offers its services in line with the newest fashions and technological advancements.
The founder of TriGo Electric Shahnawaz Rao shared his inspiration behind launching TriGo Electric “I have known since I was in school that I want to own my own business, but I’m not sure what kind of business. But I want to run a company that will benefit society and provides jobs for people. When I first met my co-founder Dilshad in college, I discovered that he shared a similar interest in the business.
At that point, we decided to launch our company together. After college, we started working to learn how businesses operate while also looking into potential businesses to launch. And because electric vehicles are the way of the future, we discovered a huge growth in this market. In light of this, we decided to take EV action. We started our business in EV-based last-mile logistics because we ran a staffing agency at the time and had experience with hiring. As we got going, we rented a few Bikes and began contacting online retailers about last-mile deliveries. Leading e-commerce businesses in the NCR are currently our clients.”
He further adds “With EVs we are helping gig workers to increase their income, also we have benefited the environment by reducing Co2 carbon footprint because EV RUN generate zero Emission”
With TriGo Electric’s e-vehicle riders can increase their income by up to 35 % as compared to petrol bikes. Because it’s running cost is very cheaper than a petrol vehicle. TriGo Source vehicles from different OEMs, and also has tie-ups with multiple charging and battery swap hubs as well, with battery swap facility riders don’t have range anxiety. They can easily swap batteries with Spain time of a minute and start work again.
TriGo Electric only currently operates in Delhi NCR, but they intend to expand to other cities in the near future. Several of TriGo Electric’s well-known clients include Big Basket, JioMart, Zepto, Delhivery, Zomato, and Tata 1mg. TriGo Electric has been delivering more than 35K Deliveries every Month since its founding, covering a total distance of 750000 KM and saving 150000 KG of CO2. Despite having a focus on serving e-commerce businesses, they are now offering services to freelancers individually.
https://trigo.co.in/
https://www.linkedin.com/in/shahnawazkrao/
https://www.linkedin.com/in/dilshad-khan-6027601b8/
https://www.linkedin.com/company/trigo-electric/
