SPONSORED CONTENT

Infraprime Logistics to Catalyse USD 200m Investment in Construction Logistics

November 30, 2020 23:30 IST
Tennis player James Blake
IPLT Rhino 5536 is being charged at the IPLT's Bilaspur charging station

Gurgaon (Haryana) [India], November 30 (ANI/BusinessWire India): Infraprime Logistics Technologies, the Electric Truck and construction logistics start-up is planning to catalyse investment of $200 million to electrify and organize construction logistics in India. The three-year-old Company has grown to over $50m in terms of annualized gross logistics value of the contracts being executed.

The investment by the Company would go in expanding the marketplace for construction logistics all over India, in establishing a state-of-the-art platform for vehicle servicing, charging and maintenance and towards plant automation. Fleet operators, charging network franchisee owners and banks would be playing their part via purchase and financing of various assets. The investment would add over $1b in annual margins to stakeholders across the value chain.

As per a report by KPMG, the construction sector is expected to be a $1 trillion industry by 2025 and is expected to engage 1 million heavy duty trucks. The Company plans to showcase through its investment that all these 1 million heavy duty trucks can be replaced with electric trucks. The country wide displacement would need a charging network spanning 2,000 sites across 500+ routes.

Electric trucks can generate four times as much margins as a corresponding diesel truck. With introduction of BS VI, the prices of diesel trucks have gone up which creates a compelling case for the Electric Trucks. The Company's Electric Trucks are priced at twice the price of a corresponding diesel truck.

The Company launched its first Electric Truck model "Rhino 5536" in Aug 2019 which immediately garnered eyeballs. The Company is planning to soon launch a 37 MT GCW model and a 28 MT GCW model.

The Company also has an on-demand marketplace "IPLT Trucknow" wherein customers can directly place orders for their transportation/material requirements for construction projects. The orders are fulfilled by the drivers who get navigation assistance via the "IPLT Humsafar" App.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Infraprime Logistics to Catalyse USD 200m Investment in Construction Logistics

Gurgaon (Haryana) [India], November 30 (ANI/BusinessWire India): Infraprime Logistics Technologies, the Electric Truck and construction logistics start-up is planning to catalyse investment of $200 million to electrify and organize construction logistics in India. The three-year-old Company has grown to over $50m in terms of annualized gross logistics value of the contracts being executed.

The investment by the Company would go in expanding the marketplace for construction logistics all over India, in establishing a state-of-the-art platform for vehicle servicing, charging and maintenance and towards plant automation. Fleet operators, charging network franchisee owners and banks would be playing their part via purchase and financing of various assets. The investment would add over $1b in annual margins to stakeholders across the value chain.

As per a report by KPMG, the construction sector is expected to be a $1 trillion industry by 2025 and is expected to engage 1 million heavy duty trucks. The Company plans to showcase through its investment that all these 1 million heavy duty trucks can be replaced with electric trucks. The country wide displacement would need a charging network spanning 2,000 sites across 500+ routes.

Electric trucks can generate four times as much margins as a corresponding diesel truck. With introduction of BS VI, the prices of diesel trucks have gone up which creates a compelling case for the Electric Trucks. The Company's Electric Trucks are priced at twice the price of a corresponding diesel truck.

The Company launched its first Electric Truck model "Rhino 5536" in Aug 2019 which immediately garnered eyeballs. The Company is planning to soon launch a 37 MT GCW model and a 28 MT GCW model.

The Company also has an on-demand marketplace "IPLT Trucknow" wherein customers can directly place orders for their transportation/material requirements for construction projects. The orders are fulfilled by the drivers who get navigation assistance via the "IPLT Humsafar" App.

This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22