Logistics Startup Rivigo placed order for 1200 Ahok Leyland trucks; Disrupting the industry with it’s unique “Driver Relay Model”

The freshly placed order expands Rivigo’s fleet size to 2700 trucks making it one of  the India’s top five surface transport companies.

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Technology-enabled logistics start-up Rivigo has ordered 1,200 medium and heavy commercial vehicles from Ashok Leyland for its pan-India fleet.
The company, which had raised $40 million in largely equity financing till date from SAIF Partners with a small component of venture debt funding from speciality debt financing firm Trifecta Capital, said its fleet size will increase by 80 per cent with the latest order to 2,700 vehicles in the next 6-7 months.
Rivigo Founder and Chief Executive Officer Deepak Garg today said: “This order is a testimony of our commitment to offer the best in services and thus create value for our customers.”

Founded in 2014 by Deepak Garg and Gazal Kalra, Rivigo is disrupting the sector with its unique “Driver Relay Model” and cutting edge technology to consistently provide unparalleled delivery times to clients which is 50%-70% lesser while improving quality of life of truck drivers. Rivigo is disrupting the logistics industry by extensively using “Internet of Things” to unlock higher levels of operational efficiency, while creating customized, dynamic, and automated services for its customers. Rivigo’s clients leverage its reduced Turn Around Time (TAT) and reliability to reinvent their business models – serving new markets, reducing inventory and significantly cutting down cost to serve their customers. The unparalleled value that Rivigo has brought to the table for its clients is finding tremendous traction with companies.

via: Business Standard

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Author: MyMotorWheels

I am a mechanical engineer and an automobile enthusiast.

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