DOT eyes to expand in 600 towns by 2020
March 1, 2019: DOT, a fast growing green mobility solutions provider to major e-commerce and food-tech aggregators via hi-speed two and three wheeler electric vehicle, will extend its footprints in 600 towns by 2020.
March 1, 2019: DOT, a fast growing green mobility solutions provider to major e-commerce and food-tech aggregators via hi-speed two and three wheeler electric vehicle, will extend its footprints in 600 towns by 2020. Currently operating in over 20 cities including Delhi-NCR, Mumbai, Chennai, Pune, Lucknow, Chandigarh and Bengaluru to name a few, DOT's extensive geographical expansion plans over the next few years include presence over 17 states in India. Internationally, DOT aims to expand to Canada by mid-2019, South-East Asia by 2019 end and China by the end of 2020.
The company has been recording high growth month on month. It has been clocking at 26 percent M-o-M for revenues and 25 percent M-o-M for deliveries. DOT has demonstrated highest ratio of deliveries to fleet size. The company is also operationally profitable since inception due to green vehicle cost efficiencies.
The current size of the last mile logistics market is more than $1 billion in India and is poised to grow to over $3 billion by 2022.
"We are outdoing the industry growth rates. While the industry clocked in a CAGR of close to 7.8% over the past 5 years, we have a vision 2020 that has grown beyond bounds to outdo the figure. We have recently added Raipur, Jhansi, Meerut, Haridwar and Phagwara which have been growth trigger for DOT in the green mobility sector," said Vineet J Mehra, founder of DOT.