Leading the way in the last-mile delivery sector in Nigeria, Fez Delivery has introduced a fleet of electric bikes, known as "FEZ ECO," as a progressive solution for eco-friendly goods transportation. This move underscores Fez Delivery's commitment to sustainability and environmental responsibility while addressing the growing demand for cost-effective and environmentally friendly last-mile delivery services in Nigeria.
As Nigeria's eCommerce market continues to expand, with projected revenues reaching $6,710.00 million in 2023, efficient delivery services are essential to meet this increasing demand. Fez Delivery's introduction of electric bikes aligns with this demand and marks a significant step towards a cleaner, greener future for the country.
Seun Alley, CEO and Co-Founder of Fez Delivery expressed his enthusiasm for the launch, emphasizing the company's dedication to sustainability and innovation. He stated, "Today, we proudly introduce electric vehicles to our last-mile delivery fleet. This monumental step not only aligns with our vision for a cleaner, greener future but also represents a milestone in our ongoing efforts to enhance the efficiency and reliability of our services. As we navigate toward a more sustainable tomorrow, we look forward to serving you with the same dedication and now with a greener footprint. Together, we're shaping a better future, one electric mile at a time."
Fez Delivery's decision to introduce electric bikes mirrors global trends towards sustainable transportation. The "FEZ ECO" electric motorcycles offer a sustainable, eco-friendly, and cost-effective solution for both businesses and individuals, empowering them with efficient and eco-friendly services.
The FEZ ECO electric bikes reduce carbon emissions and incorporate a fleet management system that assists drivers in optimizing their routes, resulting in faster deliveries and reduced fuel costs. Moreover, customers can benefit from user-friendly features for tracking their deliveries and receiving real-time updates, enhancing overall satisfaction.
Key benefits of the FEZ ECO electric bikes include cost savings due to lower operational expenses, zero-emission transportation, improved maneuverability in urban traffic for faster deliveries, and real-time tracking for increased transparency and security. This sustainable solution provides an affordable option for customers, particularly valuable in Nigeria's current economic climate.
Fez Delivery has a strong track record of innovation, and its latest offering has garnered the attention of industry experts.
ThriftWithRay, a long-time Fez Delivery user, expressed confidence that this innovation will be a game-changer in the Nigerian e-commerce landscape. She stated, "We've been partners with Fez Delivery for years, and their commitment to innovation and quality has always impressed us. As we eagerly anticipate their upcoming product launch, we're confident it will be another game-changer. We can't wait to see what they have in store, and we're excited to continue our successful journey together."
Founded in 2018 by Seun Alley, Fez Delivery is a pioneering last-mile delivery company with a mission to bridge the gap between businesses and markets while fostering peace and nurturing trust within the communities it serves. The company's recent funding round in March 2023, which raised $1 million, enabled them to expand their business across Nigeria and Africa, enhance their technology, and increase their marketing efforts.
As of the funding round, Fez Delivery boasted over 17,000 users on its platform, with 70% being individuals and 30% representing a combination of SMEs and startups. The company reported completing 200,000 trips in 2022 and growing its revenue by 20% month-on-month. Notable clients include Flutterwave, Kuda Bank, Moniepoint, OPay, Red Bull, and Famasi Africa.
To meet the growing demand, the company developed a SaaS platform to verify and onboard two-wheeler logistics platforms of varying fleet sizes. These third-party partners receive revenue from Fez Delivery based on individual deliveries and business flat-fee subscriptions.
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