Solv, a B-2-B digital marketplace for Micro, Small and Medium Enterprises (MSMEs), announced that it will shift to Electric Vehicles (EVs) for its delivery services to MSMEs starting. Solv expects 25% of all its goods deliveries to MSMEs to be fulfilled within a year using electric vehicles. The B-2-B ecommerce start-up aims to transition 100% of its deliveries to EVs in the next 3-5 years. The move to eco-friendly transportation will save expensive fuel costs, keep prices in check for customers thereby helping arrest inflation, reduce Solv’s & the MSME sector’s carbon footprint and help the sector grow responsibly. Currently, India’s transportation sector contributes about 10 per cent of total national greenhouse gas (GHG) emissions and road transportation contributes about 87 per cent of the total emissions in the sector.
Commenting on the launch of Solv EVolve, Amit Bansal, CEO, Solv said “Solv is extremely proud to launch Solv EVolve – our environment-friendly initiative to reduce carbon footprint generated in retail supply chains, especially in the unorganized MSME sector in India. With an estimated US$ 800 billion worth of goods moved by the MSME sector in India’s retail sector every year, we hope this move will spur accelerated adoption of more green initiatives in the MSME B-2-B sector.”
Solv’s growth has been driven by innovations and roll-out of new products for its MSME users. Solv currently serves MSMEs in volume-driven consumer segments in India like Grocery & FMCG, Apparel, HoReCa, Consumer Electronics, Footwear & Accessories and Home Furnishing across 200+ cities in India.