Get All Access for $5/mo

Magenta Mobility Launches Sustainable Logistics Solutions In Chennai With this launch, Magenta to service new local businesses and existing marquee clients from B2C, FMCG, E-Commerce and Logistics segments.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Maxson Lewis, Founder & CEO, Magenta Mobility flagging off EV fleet in Chennai.

Magenta Mobility, an integrated electric mobility solutions provider, has introduced Electric Vehicle (EV) logistics solutions for local businesses and service existing marquee clients from B2C, FMCG, E-Commerce and Logistics segments.

The company aims to offer integrated transport solutions by designing an ecosystem to support the transformation to EVs, thereby reimagining how goods move within the city. In addition to electrifying the commercial mobility space in Chennai, the deployment of electric vehicles will have a positive impact on reducing carbon emissions.

So far, Magenta vehicles have traveled 11.5 million clean kilometers across India and managed to keep 291.35 MT of carbon dioxide out of our air.

This launch highlights the significance of electric vehicle adoption for reducing carbon emissions in the logistics sector. Furthermore, it emphasizes the importance of EV logistics, acknowledging its potential to contribute to environmental sustainability.

Sharing his views, Maxson Lewis, Founder & CEO, Magenta Mobility said, "At Magenta Mobility, we are dedicated to supporting India's decarbonization goals through innovative solutions and strategic partnerships. Our entry into Chennai marks a significant milestone in our journey towards revolutionizing the urban freight movement while contributing to a sustainable future for the region."

With an existing fleet of nearly 2000 electric vehicles, the company currently operates in 17 cities. In support of its electric fleet, Magenta has also established over 65 charging depots equipped with over 2000 chargers, ensuring the efficient operation of its electric delivery vehicles.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Data & Recovery

Get $60 off This Portable VPN Travel Router

Why keep paying for a VPN service when you can have a tiny, lightweight piece of hardware that can provide you with a lifetime of maximum VPN protection?

Growing a Business

6 Effective Strategies to Secure Funding

Use these six proven strategies to secure the funding you need.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Business News

In Just 3 Words, Kevin O'Leary Offers a Grim Outlook on Interest Rates and Inflation

The "Shark Tank" star appeared on Fox Business' "Sunday Night in America with Trey Gowdy" and said it is "hard to see" mortgage rates dropping any time soon.

Business News

Toyota Loses Over $15 Billion in Market Value After Investigation

The company was accused of falsifying engine test results that stopped shipment on three vehicle models earlier this year.

News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.