Shadowfax Tech Targets 75% of its Fleet in EVs by 2024

Shadowfax Technologies has announced a new target of 75 percent of its fleet being electric vehicles by 2024. Headquartered in Bengaluru, the firm also aims for 100% electrification by 2026 as its long-term growth goal.

As EV is replacing conventional mobility in various sectors, logistic companies are looking to devise sustainable electric logistic solutions. Seeking to contribute to the ongoing global Zero Pollution Campaign, the company’s sustainable electric logistic solutions include IP technologies optimized for various parameters: vehicle speeds, customer expectations, willingness, and ability to pay. “Shadowfax Technologies is leading the two-wheeler market adoption of zero-carbon emission. About 30% of daily active users of its 100k+ strong crowdsourced platform use cycles, EVs, and other eco-friendly means,” claims the company.

The firm is targeting women as a new category of users. Shadowfax is also participating in the NITI Aayog project ‘Shoonya- Zero Pollution mobility’.

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Abhishek Bansal, Co-founder & CEO of Shadowfax Technologies, said, “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.”

The Shoonya campaign is a NITI Aayog, RMI and RMI India initiative to promote zero-pollution mobility across the nation. The campaign aims to promote the use of EVs for deliveries and rides through a corporate branding program and EV awareness drive.

Despite its many advantages, the EV space currently faces a lot of challenges, be it the limited support in the form of loans from financial institutions for EVs, the still-developing charging infrastructure or lack of trusted cost-effective OEMs.

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According to Shadowfax Technologies, employees are a part and parcel of the company’s growth path. The company claims to have been recently recognised as a “Great Place to Work” in 2022.