Magenta Mobility & Kuehne+Nagel Ink Deal For E-Trucks

Magenta Mobility & Kuehne+Nagel Ink Deal For E-Trucks

E-Mobility firm Magenta Mobility and logistics firm Kuehne+Nagel have announced a partnership aiming at decarbonising road freight in India.

“This collaboration reaffirms the commitment of Magenta Mobility and Kuehne+Nagel to sustainability and innovation in logistics. Magenta Mobility to offer sustainable electric mobility solutions and Kuehne+Nagel to adopt electric vehicles (EVs), marks a significant move in the Indian EV logistics ecosystem,” stated Magenta Mobility in a statement.

Maxson Lewis, Founder & CEO at Magenta Mobility, said, “At Magenta Mobility, we have always prioritized safe, smart, and sustainable transportation solutions towards decarbonising logistics. We are excited and honoured by the trust showcased by Kuehne+Nagel in our capability to support them in meeting their sustainability goals. This collaboration not only reinforces our responsibility to protect the environment but also presents a significant opportunity to contribute to the growing EV ecosystem in India.”

In the initial phase of this partnership, Magenta Mobility will deploy electric vehicles for Kuehne+Nagel’s logistics operations across India.

“We believe that embracing electric mobility is vital for transitioning to a zero-carbon future. With Magenta Mobility’s commitment and innovative approach, they are the right partner to support us in our EV logistics operations in India. Through this partnership, we make significant strides towards achieving our Living ESG goals, a cornerstone of our Roadmap 2026. The electrifying initiative extends beyond India, by the recent launch of electric vehicles by our Kuehne+Nagel Thailand team,” said Chellan Ganesan, Road Logistics Area Manager, Asia and the Pacific countries for Kuehne+Nagel.

Magenta Mobility recorded an approximate threefold rise in scale to Rs 18.7 crore in the fiscal year ending March 2023. The same year, operations contributed over 63% of the total revenue. It generated a revenue of Rs 6.3 crore in the preceding fiscal year with close to Rs 6 crore coming in from operations. Currently, Magenta Mobility has a fleet of over 200 3-wheelers and 4-wheeler vehicles across Bengaluru. It provides last mile clean mobility to e-commerce businesses such as Amazon, Flipkart, BigBasket, Porter, and Udaan.