Zyngo EV Mobility to deploy 18k EVs for LMD by fiscal year-end

As part of its fleet augmentation plans, Zyngo will deploy 18,000 electric vehicles (EVs) for last-mile delivery (LMD) in the country by this fiscal-end. These EVs are being leased/sourced by the company from various domestic original equipment makers, officials from Zyngo EV Mobility said in a statement. The company said it is planning to venture into other markets such as Pune, Ahmedabad, Indore, Chennai, Lucknow, and Bhopal, among others. It already has its presence in Delhi-NCR, Bengaluru, Hyderabad, Chennai, Jaipur aand Chandigarh. “The company said it has been partnering with the OEMs based on robust Service Level Agreements, wherein the maintenance and servicing of the vehicles is covered by the respective OEMs,” the statement added. Prateek Rao, Founder-CEO, Zyngo EV Mobility, said, “Currently, we are on track to increase our fleet size by up to 18,000 EVs by FY 2023-end. As a part of this, we are targeting deployment of 10,000 EVs across various locations by November 2022, and then the rest by March 2023, to fulfil the growing market needs and to increase our business propositions by 10 times more.”