Category Archives: Technology

FarEye, a global SaaS platform provider transforming last-mile logistics, today announced several new capabilities for more environmentally sustainable delivery operations, route optimization, and consumer experience. New capabilities across FarEye’s Intelligent Delivery Management Platform are designed to help customers boost delivery efficiency, enable green fleets, and gain visibility into outcomes of sustainability initiatives. “We are partnering with our customers using our optimization and visibility solution to optimize fleets and reduce emissions while delivering delightful experiences to their end customers,” said Suvrat Joshi, chief product officer at FarEye. “In a world shifting towards prioritizing environmental sustainability, we are dedicated to complementing and supporting our customers’ sustainability goals. In 2021, customers that used our platform collectively helped reduce carbon footprint by 40,961 tons. We see this number continue to increase as our customers adopt and use these new capabilities across first, mid, and last mile in their delivery network.” FarEye’s four new sustainability capabilities have been developed to help both shippers and carriers minimize CO2 emissions throughout their logistics operations, addressing end consumers’ desire to have their online orders delivered on time and with minimal or zero carbon emissions.

Shipsy, raises USD 25 million in a Series B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India’s Surge. The freshly raised funds will enable the logistics startup to maintain its growing stronghold in the Middle East, India, and Southeast Asian markets while also accelerating the company’s aim of global expansion into Europe and the US. In addition to this, Shipsy will also utilize these funds to drive rapid technological innovation with a greater focus on enhancing logistics sustainability and its AI, ML, and Blockchain capabilities. “We are thrilled to partner with seasoned investors with a common vision to transform the global logistics industry technology. Their continued support strengthens our mission of enabling customers to achieve sustainable business and logistics excellence. It takes us closer to our goal of becoming the de-facto logistics operating system globally,” said Soham Chokshi, CEO and Co-Founder, Shipsy. “Shipsy’s technology offering enables them to be the single partner of choice for enterprises who are transforming their logistics operations. Large category-leading customers have been thrilled at the impact of Shipsy in their operations. We look forward to partnering with them as they become a leader in logistics software,” said Kaushik Anand, Partner at A91 Partners. Shipsy’s growth is driven by its continuous focus on enabling businesses to provide customer transparency, flexibility, and convenience.

Drip Capital, Inc., a leading cross-border digital trade finance platform, announced collaboration with CARGOES Finance By DP World, a platform that enables rapid and seamless access to working capital for emerging-market small and medium-sized enterprises (SMEs). SMEs are one of the most integral components of the global supply chain but often face a working capital crunch to facilitate their cross-border transactions. Drip Capital offers collateral-free financing solutions for SMEs engaged in cross-border trade, thereby allowing them to manage their cash flow better and invest in business growth. The fintech firm collaborates with crucial global industry enablers across the value chain for making international trade seamless for SMEs. DP World’s CARGOES Finance Platform facilitates lender-borrower interactions and arranges an array of credit solutions from premier financial institutions worldwide. A partnership such as this will help cash-crunched SMEs avail fast and easy access to trade financing by connecting them to Drip. Elaborating on the collaboration, Pushkar Mukewar, Co-Founder and CEO of Drip Capital, said, “To be a part of DP World’s massive network and get access to a large number of SMEs is a great privilege, and we are excited to begin this journey with them. Besides this, the platform will provide Drip with vital trade data to improve its risk analysis and mitigation processes, thereby helping us procure more clients and lend more confidently. Overall, the partnership will assist us in our mission to make global trade easy and accessible to SMEs worldwide.” Sinan Ozcan, Senior Executive Officer, DP World Financial Services Limited, said: “DP World’s objective is to enable global trade. Access to trade finance is critical for the survival and growth of exporters, importers and logistics companies which are …

Tata Steel has been rated “A” and is listed as 2021 ‘Supplier Engagement Leader’ by CDP, a global environmental non-profit charity, for its initiatives to reduce GHG emissions and tackle climate-change risks across its supply chain. This is the second time in three years that the Company has been included on the Global Leaderboard. Over the last three decades, Tata Steel has made concerted efforts in various areas including supply chain to mitigate climate change and manage climate risks. Tata Steel launched its Responsible Supply Chain Policy in FY20 to encourage supply chain partners to integrate sustainability principles in their decisions and processes. The Company works in collaboration with its supply chain partners towards promoting sustainable business practices for a better planet. Peeyush Gupta, Vice President, Supply Chain, Tata Steel, said: “As part of our vision to be the global steel industry benchmark in value creation and corporate citizenship, we are committed towards climate action and adopting sustainable practices across our value chain. We will continue to engage with our supply chain partners and encourage them to adopt and maintain management practices to improve their energy & resource efficiency and environmental performance. We have also taken several initiatives over the last two years to lower Scope 3 carbon emissions and have plans to significantly reduce our footprint in future.” Sonya Bhonsle, Global Head of Value Chains & Regional Director Corporations, CDP, said: “Our data shows that companies currently have blinkers on when it comes to assessing their indirect impacts and engaging with suppliers to reduce them. Companies must act urgently to cascade action and manage environmental impacts throughout their supply chains to scale the level of action to secure a …

TESSOL, a globally recognized Indian Cold Chain Solution provider that aims to solve the last mile distribution problem in India is all set to raise the bar of Cold Chain solutions in India. The brand had launched a break-through ice-cream and frozen food delivery solution last year, indiWRAPTM which has been extremely successful in helping brands fulfil their promise and reach a wider customer base. Encouraged by the success in ice cream delivery with e-commerce brands, TESSOL has expanded the product range to include other verticals like Gourmet Chocolates, imported fruits, Seafood and Meats as well as Pharmaceutical products. The solution ensures product quality with a 60 min temperature maintenance guarantee in every delivery without using any insulation and this further help brands increase their delivery radius in a simple and cost-effective manner. With insulation, the product can be cost effectively transported up to 72 hours! Commenting on the success of indiWRAPTM, Mr. Rajat Gupta, Founder & CEO, TESSOL said, “We are excited about the success of our PCM based indiWRAPTM in keeping the ice-cream and frozen chilled while maintaining the taste on the go. With the new expanded range, a lot more Brands will be able to benefit from this technology this summer. This will not only increase brand’s bandwidth but further help them gaining their customers trust and confidence.”

Snowman Logistics Limited has completed the construction of a temperature-controlled warehouse at Coimbatore and the facility has become operational during February 2022. The total capacity of the facility is 4020 Pallets. It is a multi-temperature facility designed to store products ranging from ambient temperature to -25 Deg Centigrade with 8 chambers, 6 loading bays with related infrastructure that includes G+5 racking system, modern handling equipment and ample refrigerated truck parking space. The facility will mainly cater to the storage, handling and transportation of quick service restaurants, poultry, ready-to-eat food, ice cream, dairy products, confectionery & bakery products, seafood, fruits & vegetables, pharma, and other products. Snowman also starts its SnowServe facility – a fulfilment centre for Amazon India in Pune. Amazon will be using this facility for the delivery of FMCG perishables including vegetables, fruits, eggs, frozen food, and groceries in the city. The facility is spread across 12,000 sqft area and has sorting, grading, packing and labeling process lines. It is also equipped with storage for grocery, FMCG and temperature controlled products. It is a multi-temperature facility designed to store products ranging from ambient temperature to -25 Deg Centigrade with 3 no of chambers, 3 loading bays with related infrastructure that includes racking system, modern handling equipment and ample refrigerated truck parking space. “Snowman has been catering to a comprehensive network of reputed clients and meeting their temperature-controlled environment requirement through technology-enabled facilities and platforms. Our know-how on handling food and complex operations has helped us perform in ecom fulfillment centres and deliver compliance, quality and efficiency. Our association with Amazon gets stronger with the functioning of Pune facility after successfully delivering across Mumbai and Delhi.” says Sunil Nair, …

Qatar Airways Cargo approves Envirotainer’s the Releye® RAP container. Able to accommodate 5 pallets, the Releye® RAP is the largest and most technically advanced product in Envirotainer’s new generation container series. Its unique features are now available to Qatar Airways Cargo customers wherever and whenever required, complementing the airline’s existing range of pharmaceutical transport solutions. Qatar Airways Cargo has offered its customers Envirotainer’s RAP and RKN active pharma containers since 2014, and was an early adopter of the first Releye® RLP, launched last summer. Envirotainer’s Releye® series is based on five pillars: Control, Monitoring, Autonomy, Value, and Sustainability. Similar to the smaller 3-pallet Releye® RLP, the Releye® RAP’s unique air flow technology controls and maintains maximum temperature stability in the cargo bay. Monitoring is carried out by the Envirotainer Control Tower – a unique, dedicated service team that monitors each Releye® shipment 24/7 and is immediately on hand in the case of any deviation. Extended battery life ensures greater container autonomy, whilst value is generated by the optimum use of cargo space within the container. The Releye® RAP has the largest internal volume on the market. Added to this, its low weight and efficient performance result in both, the best value operating costs, as well as the lowest CO2 footprint in the air cargo industry: up to 90% reduction in CO2 emissions can be achieved. Fredrik Linnér, Chief Business Development Officer at Envirotainer said, “Qatar Airways Cargo and Envirotainer share a strong focus on innovation, supreme quality, and sustainability. The Envirotainer Releye® RAP is part of the Releye® series, and the RAP solution for the future. It not only allows Qatar Airways Cargo to offer its customers the newest, fully …

SEKO Logistics has streamlined international cross-border e-commerce for more than 10m parcels worldwide each month. The supply chain specialist, which in January launched e-commerce business unit Seko ECommerce, is using Descartes’ solutions for air cargo and e-commerce security filings, speeding the customs clearance processing time. David Emerson, global VP, e-commerce solutions at SEKO Logistics, said: “Cross-border e-commerce is growing significantly and more customers are looking to us to simplify the complexity of filing security and customs entries as goods travel by air between countries. “Descartes’ high-level filing automation enabled SEKO to further manage the extraordinary volumes we’re shipping. As SEKO expands internationally and regulations change, such as Brexit, Descartes has the solutions we need to grow.” Descartes provides connectivity and air messaging services to customs authorities around the world, helping shippers and freight forwarders to comply with security and customs requirements by filing air waybill information electronically for shipment clearance.

Skye Air, a drone delivery tech firm and the Department of Information Technology, Govt. of Himachal Pradesh are getting in to a Memorandum of Understanding (MoU) to announce their collaborative intent to enable and promote medical and agri-commodity deliveries within the state. As a part of the strategic partnership, Skye Air has initiated a 3-day long BVLOS trial in the Chamba district of Himachal Pradesh to connect over 6 PHC/CHCs and the Area Hospitals via multiple flights between points covering an aerial distance of 170 kms throughout the trial. The Drone delivery tech firm is using its most reliable UAV, Skye Ship One to facilitate real-time deliveries of vaccines and medicines within a specified temperature range of 2-8 degree Celsius. There will be several reverse logistic flights which shall also be done in order to help the adoption of drone technology to enable cost effective deliveries within the state. The flights, equipped with consignments of medical supplies flew beyond at an altitude of 400 feet above ground level in a designated Green Zone of Chamba district. The flights took place at 3 air corridors – Chaned, Tissa and Mehla demonstrating the diversity of Skye Ship One adopting different temperature zones, steep mountain range and air-pockets. On the occasion, Mr. Mukesh Repaswal, Director, Department of Information Technology, Govt. of Himachal Pradesh said, “The use of drones can be a critical intervention in improving the ease of access to services in mountainous and remote regions of Himachal Pradesh. The demonstration in Chamba will help in ascertaining the advantages of drone use in medicine delivery and benefits of drone enabled governance. We look forward to the successful conduct of the BVLOS trials in …

India’s leading commercial EV manufacturer Altigreen raises ~Rs 300 crore (approx. US$ 40 Million) through its Series A round, to boost its EV manufacturing and launch new products including LCVs and strengthen its countrywide presence. With its road-ready commercial EVs, powered by its proprietary drivetrain technology the company is already changing the face of last-mile delivery and, with this funding, will rapidly accelerate towards its next phase of growth. The freshly raised funds will be utilized to ramp up production capabilities, accelerate R&D, fast-paced EV adoption, and develop a robust Pan-India network to offer the best and cleanest last-mile transportation solutions in India. The investment is led by Sixth Sense Ventures, along with Reliance New Energy (a wholly-owned subsidiary of Reliance Industries Limited), Xponentia Capital, Accurant International, USA, and Momentum Venture Capital, Singapore.