City-based Refex Industries, as a part of its enlargement programme, plans to start third party employee transportation providers utilizing electrical autos in Bengaluru, Mangaluru and Pune.
On Thursday, the corporate floated a subsidiary referred to as Refex Green Mobility Ltd., with an preliminary funding of ₹10 lakh.
“For years, we have been providing logistics services for ash and coal handling. Now, we are extending it to employee transportation. We are providing help to those firms, which are switching from ICE vehicles to EVs,” stated Anil Jain, MD.
Refex plans to deploy its personal car and preserve it utilizing its personal expertise. It has tied up with 4 Fortune 500 corporations in Bengaluru to start the service in 15 days.
To begin with, Refex will deploy 50 Tata Motors EV Tiago in March and 1,200 autos in 12 months. Bengaluru will get 80% protection and relaxation can be cut up between Mangaluru and Pune.
“The total cost is about ₹150 crore and it will be met through internal accruals,” he stated.
