COGOS Technologies, a Bangalore based tech-logistics company, has announced the expansion of their services in Punjab, Madhya Pradesh and Rajasthan.
With this expansion, COGOS is now present in over 24 states and aims to have a pan-India presence by the end of FY 22-23. COGOS aims to lead the city logistics market in India and their steady expansion is fueled by the same.
COGOS will be creating over 50 job opportunities and onboard 500-1000 drivers partners in these states, during Q1 of FY 22-23. They will be serving B2B enterprises operating in the FMCG, Manufacturing & E-commerce domain for these states. The company is also bullish on deploying an active EV fleet for logistics services in these areas. The increase in demand from tier 2&3 cities has also led to this expansion in services by COGOS.
Speaking on the expansion, Prasad Sreeram, CEO & Co-Founder COGOS, said, “COGOS was started with a vision to digitally transform city-logistics. Over the years, our tech-integrated logistics services have been well received by our customers and now we are excited to start our services for Punjab, Madhya Pradesh and Rajasthan. Our primary aim in these states will be to create revenue and earning for the trucking ecosystem, leading to the growth of our driver partners.”
The startup is actively working towards solving logistic related challenges of enterprises while building a sustainable model. Last year in September, COGOS raised their pre-series A funding and earlier in June 2021 they became the pioneer to announce EV(Electric Vehicle) adoption in the last-mile city logistics.
The company also very recently appointed Vandana Mazumdar as Manager of EV Vertical Pan India in order to accelerate the adoption of EV in their fleet and Goutham Kumar BV as VP Technology in order to make their tech-platform compatible to meet the demand of tier 2 & 3 cities.
COGOS is an AI-led Logistics platform coupled with mobile and control tower capabilities. The superior workflows are digitally transforming the $70 billion City Logistics, by bringing the capacity discovery time from weeks to minutes and reducing operating costs up to 60% for shippers.
In the current gig economy where the ability to respond quickly to the market dynamics is key, COGOS is fast becoming the de-facto player for marquee customers for City Logistics, operating in 300 cities in India and expanding rapidly. The company raised their pre-series A funding in September 2021.
COGOS was founded in 2016 by Serial Entrepreneurs Prasad Sreeram and Dr Rama Mohan Katta with decades of experience in Logistics, Technology, Scaling and Global Operations.
