Hepsiburada's HepsiJet Introduces Electric Vehicles to Enhance Sustainable Last-Mile Delivery Services
Hepsiburada's logistics service, HepsiJet, has introduced 21 electric vans for cargo distribution in select regions of Turkey, aiming to enhance sustainability and efficiency in last-mile delivery. The electric vans are expected to reduce carbon emissions by 0.21 tons per 1,404 kilometers traveled per vehicle each month. HepsiJet operates nearly 3,500 vehicles and plans to expand its electric fleet to 50 by the end of 2024. The initiative, led by CEO Hakan Karadoğan, aims to create an eco-friendly logistics network and meet the company's sustainability goals. The vans have started operations in major cities like Istanbul, Ankara, Izmir, Muğla, and Antalya.
- HepsiJet introduced 21 electric vans for cargo distribution.
- The initiative is expected to reduce carbon emissions by 0.21 tons per 1,404 kilometers traveled per vehicle each month.
- HepsiJet plans to expand the electric fleet to 50 vans by the end of 2024.
- The electric vans are estimated to enhance cost-effectiveness and overall efficiency.
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Hepsiburada's initiative to introduce electric vehicles into its delivery fleet indicates a strategic move towards sustainability, which is increasingly significant in the e-commerce industry. Retail investors should note that this initiative aligns with global trends of reducing carbon footprints, potentially enhancing the company’s reputation among environmentally conscious consumers. This could translate into increased customer loyalty and potentially higher sales in the long-term.
While the immediate financial impact may be minimal, the long-term benefits of reduced fuel costs and potential government incentives for sustainable practices could improve the company’s bottom line. Moreover, with climate regulations tightening globally, Hepsiburada is positioning itself as a forward-thinking entity, which may appeal to ESG (Environmental, Social and Governance) focused funds.
Evaluating the financial implications, the introduction of electric vans by Hepsiburada highlights an attempt to reduce operational costs. While the initial investment in electric vehicles might be higher compared to traditional vans, the long-term savings from lower fuel and maintenance costs could be substantial. For context, electric vehicles generally have fewer moving parts than internal combustion engine vehicles, which translates to lower maintenance costs.
This move may also lead to improved delivery efficiency, potentially lowering delivery times and increasing customer satisfaction. However, it is critical to monitor the performance and efficiency metrics of these electric vans to ensure they meet expectations. If successful, expanding the electric fleet as planned could entail significant cost savings and operational efficiencies, positively impacting the company's profitability and thus its stock price.
The electric vans offer high energy conversion efficiency, significantly contributing to sustainability by reducing carbon emissions. Using these vehicles in cargo distribution is expected to cut carbon emissions by approximately 0.21 tons per 1,404 kilometers traveled per vehicle each month. Additionally, the electric vans are also estimated to be more cost-effective, enhancing overall efficiency.
HepsiJet, a dedicated delivery service for e-commerce customers, is currently operating a vehicle distribution network of nearly 3,500 vehicles and plans to expand its electric vans network to 50 by the end of 2024. After the initial efficiency and performance evaluations, the goal is to increase the number of electric vehicles within the fleet.
Hakan Karadoğan, CEO of Hepsiburada Logistics Group, commented: "HepsiJet is a new generation cargo company focused on e-commerce. Our nature-friendly delivery vans represent a milestone in reducing fuel consumption and carbon emissions, creating an eco-friendly logistics network, and thereby meeting our larger sustainability goals."
The new electric vans commenced delivery in densely populated major cities i.e.
About Hepsiburada
Hepsiburada is a leading e-commerce technology platform in Türkiye, connecting over 64 million members with over 248 million stock keeping units across over 30 product categories. Hepsiburada provides goods and services through its hybrid model combining first-party direct sales (1P model) and a third-party marketplace (3P model) with approximately 102 thousand merchants.
With its vision of leading the digitalization of commerce, Hepsiburada acts as a reliable, innovative and purpose-led companion in consumers' daily lives. Hepsiburada's e-commerce platform provides a broad ecosystem of capabilities for merchants and consumers including: last-mile delivery and fulfilment services, advertising services, on-demand grocery delivery services, and payment solutions offered through Hepsipay, Hepsiburada's payment companion and BNPL solutions provider. HepsiGlobal offers a selection from international merchants through its inbound arm while outbound operations aim to enable merchants in Türkiye to make cross-border sales.
Since its founding in 2000, Hepsiburada has been purpose-led, leveraging its digital capabilities to develop the role of women in the Turkish economy. Hepsiburada started the 'Technology Empowerment for Women Entrepreneurs' programme in 2017, which has supported approximately 53 thousand female entrepreneurs throughout Türkiye to reach millions of customers with their products.
Investor Relations Contact
ir@hepsiburada.com
Media Contact
corporatecommunications@hepsiburada.com
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SOURCE Hepsiburada
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