Business a.m.

GIG Logistics. Jet Motor Co sign MoU on EV supplies

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Abold significan­t step forward for Africa’s fastest-growing ecommerce logistics company was taken last weekend following the signing of memorandum of understand­ing (MoU) between GIG Logistics and Jet Motor Companies in Lagos.

Under the agreement, which has been in the pipeline for the past two years, Jet Motors Company, franchise owners and assemblers and local assemblers of Jet Mover range of vehicles for different applicatio­ns will be assembling, delivering and maintenanc­e of Jet Mover Electric Vehicles to Africa’s fastest growing e-commerce logistics company, GIG Logistics.

Speaking at the media briefing before both parties put pen to paper to sign the MoU, Ocholi Etu, director of operations, said that as a responsibl­e and forward looking company, GIG Logistics is committed to a sustainabl­e future for the environmen­t, people and businesses it supports. Etu declared that, the launch of the electric vans is the first practical step in the company’s journey towards carbon neutrality, which is a core strategy for the organisati­on.

According to him, ‘’We are the first Nigerian and, perhaps, African company in the logistics space to be able to deploy Electric Vans for operations. We are able to achieve this feat due to our partnershi­p with JET Motor Company, also a futuristic player in the automotive space, with focus on sustainabi­lity. We are proud of our carbon neutrality focus and this is our first physical step on the path to becoming a zero carbon logistic company’’.

Etu stated that, the entire global logistics industry is presently focused on issues around environmen­tal sustainabi­lity, as reports have shown logistics as an industry contribute­s the largest share o carbon emissions.

While referring GIG Logistic as a technology-driven compan that has embraced electric vehicle (EV) because they are eco-friendl have zero emissions, zero nois pollution, and lower maintenanc costs, among others, he also state that, studies have revealed that EV have 70% lower maintenanc­e cost compared to the internal combus tion engine (ICE) vehicles.

This means that in the immed ate and long run, GIG services wi become more affordable, and wi in turn enable it to render cos friendly excellent service to ou teeming customers, while takin e-commerce in Nigeria and beyon to greater heights.

He encourage the federal gov ernment to take a cue from wha GIG have done by investing in sus tainable energy infrastruc­ture fo the transporta­tion sector, helpin to create a whole new ecosyste that will expand opportunit­ies fo Nigeria’s businesses, stressing tha the transition from ICE to EV mu be urgently prioritise­d.

On his part, Wemimo Joseph head of strategy at Jet Motor Com pany said his company is extremel proud to be a disruptor in Africa transporta­tion sector, and de scribed the new electric vehicl showcase as a significan­t exampl of a strategic investment in in

novation that meets today’s needs and rises to the demands of the future.

In his submission, ‘’JET is so proud to be delivering these EVs to GIG Logistics. We consider them a worthy partner in logistics mobility innovation. We strongly believe that with their record of accomplish­ment in the industry, they will best represent this muchneeded shift towards the future. As an indigenous vehicle, assembly company that is future-oriented, sustainabi­lity is at the core of our operationa­l strategy’’.

At Jet, we believe the future of automobile is electric and not internal combustion engine. To this end, we have committed resources to a future-forward strategy that includes building an ecosystem that will help with the production and deployment of electric vehicles (EVs). Jet Mover’s target market are fleet operators, logistics companies, government institutio­ns, religious organizati­ons, schools, corporate firms and individual­s.

Although we started by assembling internal combustion engine (ICE) vehicles, our objective from the beginning was to transition to electric vehicles and other sustainabl­e alternativ­es.

The journey towards transformi­ng the transporta­tion sector has not been without major challenges. We have had to battle with inconsiste­nt government policies, poor infrastruc­ture like epileptic power, lack of direction from government on EVs, and limited funding support’’. Wemimo Joseph lamented.

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