Evri invests £19 million to boost electric cargo bike rollout
To accelerate its commitment to sustainability, Evri, a UK-based parcel delivery company, announced an investment worth £19 million. This new funding will expedite the rollout of electric cargo bikes for parcel deliveries, significantly reducing emissions.
The company expects to expand its fleet of electric vehicles to 270 within the next year, and it will invest significantly in its own charging infrastructure to support this growth.
Additionally, it plans to grow its fleet of electric cargo bikes to 3,000 over the next decade, part of its wider plan to reduce carbon emissions across its network and become a Net-Zero company by 2035.
Evri has established a dedicated “final-mile electrification taskforce” that will spearhead innovative solutions, explore partnerships, and implement strategies to transform last-mile deliveries into zero-emission operations.
Martijn De Lange, CEO at Evri, said, “We have achieved a 9% decrease in carbon emissions since last year. The £19 million investment announced today will lay the groundwork for Evri to accelerate its ambition to become the UK’s most sustainable parcel carrier.”
The company also added that the broader sustainability team has successfully achieved a 21% reduction in carbon emissions per parcel for the financial year 2023-2024, bringing it down to 370g per delivered parcel.
Read more: First all-electric school bus fleet in the US to power 300 homes
Pauline Potter, Director of Procurement and Sustainability at Evri, said, “Our multi-year ESG plans represent a significant leap forward, and we are confident that these initiatives will propel us towards our Net-Zero goal.”
This announcement expands on Evri’s prior investment in renewable bio-methane compressed natural gas, which powers over half of its initial transport fleet and reduces carbon emissions by as much as 84%.
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