Revolutionising last-mile logistics: This small-cap company launches electric cargo three-wheeler vehicles

15 September 2023
2 mins read
With Everything Extra, Greaves Eltra redefines last-mile logistics with cutting-edge technology, ensuring cost-effective cargo mobility.
Revolutionising last-mile logistics: This small-cap company launches electric cargo three-wheeler vehicles

Greaves Electric Mobility Private Limited (GEMPL), a subsidiary of Greaves Cotton Limited (GCL), is a prominent player in India’s Electric Vehicle (EV) technology sector. Over the past 13 years, GEMPL has designed and manufactured electric vehicles, establishing a solid presence in the electric 2-wheeler and 3-wheeler markets. The ‘Ampere’ brand, within the electric 2-wheeler segment, has grown rapidly and is well-received in both consumer and business-to-business (B2B) sectors.

With a satisfied customer base exceeding 2.3 lakh individuals, GEMPL is dedicated to creating an affordable and sustainable ecosystem that offers clean, uninterrupted, and efficient last-mile mobility solutions to the nation.

Greaves Electric Mobility has introduced the ‘Greaves Eltra,’ an electric cargo three-wheeler vehicle, marking a significant milestone in last-mile logistics. Under the tagline ‘Everything Extra,’ the Greaves Eltra is set to revolutionize the cargo transportation industry by harnessing cutting-edge technology to efficiently meet the growing demand for cargo services. It goes above and beyond in delivering added value to customers in terms of savings, support, technology, comfort, productivity, performance, and trust.

With an enhanced power capacity peaking at 9.5 kW, the Greaves Eltra ensures optimal efficiency, guaranteeing seamless cargo transportation. It achieves this through the integration of a 10.8 kWh battery pack, providing a consistent and dependable power source that addresses the critical need for reliability in logistics operations. With a range exceeding 100 kilometres on a single charge, this vehicle is meticulously engineered to optimise delivery routes, minimize downtime, and enhance the overall efficiency of last-mile logistics operations. Additionally, it features a spacious factory-fitted delivery box, offering an impressive storage capacity of 140 cubic feet.

The company has delivered negative returns of 17.66% over the past year and great returns of 84.5% over the past 3 years. Additionally, the company has a ROCE of 10.4% and a ROE of 6.59%.

On Friday, shares of the company surged by more than 4% and made an intraday high of Rs 147.95.

Investors should keep a close eye on this buzzing stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.