Currently
present in metros, tier II, III cities and towns across India, the company will
soon be operating in Ranchi and Jamshedpur. With an aim to strengthen its
operations in about 40 cities by the end of 2019, DOT’s geographical expansion
over the next few months will include the addition of two new cities each
month.
The
company has been, since its inception in 2015, recording a growth rate of 50%
Y-O-Y. DOT deploys its extensive fleet of electric vehicles to fulfill
logistics needs of corporates. With more
than a fleet of 700 electric vehicles, DOT has been successful in delivering
over 7 million orders a year and is poised to achieve 103-110 million orders by
FY 2019-20.
Commenting
on the market expansion, Vineet J Mehra, Managing Director, DOT, said, “DOT’s
continued growth and profitability enables us to expand our operations to new
hubs and fortify our footprints in tier-2 & tier-3 cities. Each location in
these upcoming cities will be modelled on the company’s motto of ‘Life Electric
and Delivering Electric’. Entering into new cities will thus take us a step
closer towards bridging the consumer and environment centric gaps.”
DOT
offers mass employment opportunities to individuals across tier 1, 2 & 3
cities in the country and has been successful in generating 5.2 million
man-hours in the past 12 months in India. Further elaborating on the same,
Mehra said, “The small scale supply for EV ecosystem will help create millions
of jobs from research, engineering, manufacturing sales and marketing jobs
across the country as a whole, which is going to witness a sustainable mobility
adaption.”
The
company has also been substantially contributing in reduction of carbon
emissions by offsetting more than 100 tonnes of CO2 emissions every week. It is
the fastest-growing player in the industry owing to its sectoral
diversification and hybrid model of employing rider members. The company has
been profitable since inception due to green vehicle cost efficiencies.