Logistics services start-up Cogos Technologies on Monday said it has seen growth in both demand and revenue during the festive season, and that it is gearing up to roll out full-fledged EV fleet by the end of November.
Cogos Technologies in the past three months has expanded its operations to over 200 cities pan-India to support the ongoing festive season. Also, it has started a pilot for EVs in some of the cities and now plans to launch a full-fledged EV fleet by the end of November.
Speaking on the increased demand, the company said that the festive sales of the e-commerce companies have witnessed a huge increase in sales despite the pandemic. The e-commerce segment, which depends on logistics, has turned into a boon as almost every company is trying to enter the online sphere.
Riding high on this boom, the startup logged a whopping 150% growth in revenue during the festive season, while the demand grew 72% in this period. The company said, the business was majorly driven from tier-II and tier-III cities, which accounted for 80% of the total demand.
Furthermore, to cater to the increased demand, the Cogos also added 100 staff as part of the seasonal hiring
We see an increasing trend of consumers from across bharat moving towards digital commerce and services in the challenging COVID-19 times. Cogos’ vision to digitally transform the city logistics across the country, including tier-I, II and III cities, has helped many e-commerce firms and businesses to leverage the platform during this festive season.”~ Prasad Sreeram, founder and chief executive officer, Cogos Technologies.
Founded in 2016 by serial entrepreneurs Prasad Sreeram and Rama Mohan Katta, Cogos Technologies with their smart-tech-enabled platform offers a one-stop destination for all the intra-city link-supply chain.