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Seun Alley, co-founder and CEO of Fez Delivery, expresses,
‘This momentous move not only aligns with our vision for a cleaner, more sustainable future but also signifies a milestone in our ongoing efforts to enhance the effectiveness and dependability of our services. As we progress towards a more sustainable tomorrow, we eagerly anticipate serving you with the same commitment, now with a greener impact. Together, we are moulding a better future, one electric mile at a time.’With the projected 2023 revenue for Nigeria’s e-commerce market estimated to reach $6.7 million, according to Statista, the need for efficient delivery services to meet this increasing demand becomes crucial. The growth of the e-commerce sector underscores the significance of delivery service providers offering cost-effective and eco-friendly options.
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In March, Fez Delivery secured a $1 million seed funding round led by Ventures Platform. In August, a Bendada.com report highlighted that rising fuel costs in Nigeria had driven up ride-hailing and delivery expenses, resulting in reduced customer usage. Seun Alley states, ‘Our company is rooted in building resilience during uncertain times, and our mission is to bring efficiency to the logistics industry through technology.’ The report also notes that logistics startups can introduce electric vehicles for deliveries as an alternative to counter price hikes. Nevertheless, a notable challenge in this transition remains the inconsistent power supply in the country, necessitating continued reliance on fuel-powered generators. Fez Delivery emphasizes the cost savings of FEZ ECO, along with its eco-friendly, zero-emission characteristics. These bikes offer improved manoeuvrability in congested urban traffic, leading to faster deliveries. They also provide smart tracking and monitoring of deliveries, contributing to enhanced transparency and security.
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Racheal Adetunji, CEO of ThriftWithRay, comments,
‘We have been longstanding partners with Fez Delivery, and their commitment to innovation and quality has consistently impressed us. Their previous products transformed our business, setting new benchmarks for excellence. We are confident that the electric bikes will be another game-changer. We eagerly anticipate their future developments and are excited to continue our successful journey together.’Featured Image Source: Disrupt Africa
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