• Inaugural Green Horizon Day Spotlights the Success of EVCo’s Commercial E-Mobility in Singapore with their Customer’s Collective Avoidance of over 300 tonnes of CO2 emissions
  
• Over 30 Companies Onboard to Achieve their Sustainability Targets
  
• EVCo On Track to Achieve 25% Market Share in Singapore by March 2024
  
• Taking the Pole Position Once Again, EVCo Launches EVism — their suite of New Digital Sustainability Solutions in Collaboration with Tech Partners
  

EVCo, Singapore’s pioneer electric-Mobility-as-a-Service (eMaaS) provider, today launched its inaugural Green Horizon Day – “Shaping a Sustainable Future”. The launch signified EVCo’s leadership and positive impact on the business community and on the environment. Dr Amy Khor, Senior Minister of State for Ministry of Sustainability and the Environment, and Ministry of Transport was the Guest of Honour. Joining her were over 200 C-suite, senior executives from businesses – large and small enterprises, government agencies, and industry associations.

Commitment to Sustainability Success

“Since its inception in April 2022, EVCo has helped customers from various industries, such as logistics, field services, integrated facilities management and security services, to make progress in reducing their carbon footprint. Through the use of commercial electric vehicles enabled by digitalisation and data, they have contributed to a collective CO2 avoidance of over 300 tonnes, which is equivalent to the amount of CO2 absorbed by planting 13,800 trees.” said Ms Judy Lee, Chairperson, EVCo during her opening address at Green Horizon Day.

The event recognised eight forward-looking industry trailblazers like Aetos, Alliance 21 Group, Anticimex, CBM Group, Certis, Nera, Otis Elevator, and Primech, each earning commendation as a Decarbonisation Early Adopter at Green Horizon Day.

Through EVCo’s tech-led end-to-end Electric-Mobility-as-a Service (eMaaS) solutions, these customers have made significant strides in their decarbonisation and sustainability journeys. For example, Nera Telecommunications, a leading information and communications technology solutions provider headquartered in Singapore, managed to reduce its fleet size by 25%, achieved an impressive 35% savings in annual operation costs, and a significant 60% cut in carbon emissions. Anticimex, the
global leader in the pest control industry attained a 30% reduction in the average Total Cost of Ownership (TCO) per vehicle. This led to a substantial, over 40% decrease in carbon emissions from 2020 to 2023. Separately, logistics firm Alliance 21 Group was able to reduce over 920 kgs of CO2 emissions per month.(More details of the impact made can be found in Annex A).

Collaboration with Forward-Looking Customers for a Sustainable Future

“Over the past year, we are pleased that our collaboration with our customers have helped them to transition to cleaner-energy transportation, enabling them to work towards their sustainability goals through mobility decarbonisation. Our new digital sustainability solutions underscore our commitment to continuous innovation and supporting our customers’ growth through digitalisation and data. We aim to achieve 25% market share in the electric light goods vehicles category by March next year in
Singapore and grow our markets in the ASEAN region, Australia and New Zealand,” added Mr Fuji Foo, Chief Executive Officer, EVCo.

To further support customers in their decarbonisation journeys, EVCo has partnered OCBC to make available sustainability-linked financing as well as electric vehicle fleet management and transaction solutions to their customers. These solutions are designed to address the unique needs of the electric vehicle value chain and support the growth of a green mobility ecosystem. Through this partnership, EVCo and OCBC empower businesses from SMEs to large corporates to accelerate their transition.

Co-innovation with Technology Partners

As an eMaaS leader, EVCo is committed to supporting businesses in meeting the government’s vision for a transition to cleaner-energy vehicles by 2040. Embodying this commitment to innovation and sustainability, EVCo also unveiled EVism (Electric Vehicle intelligent sustainability monitoring) – an urban mobility sustainability monitoring dashboard that offers enterprises a streamlined approach to track their
fleet’s environmental impact and set targets in line with global and local climate objectives. EVism joins EVCo’s suite of digital solutions that stands as a testament to the company’s commitment to drive forward the nexus of sustainability, operational efficiency, and customer experience.

EVism when integrated with the Strides Digital platform, works complementary with the other components of its composable platform, creating an entire ecosystem of sustainability, fleet management, charger management and analytics. It uses AI to streamline the transition to electric vehicles and provides invaluable insights on carbon footprints for each journey. Further enhancing operational resilience and agility, the Composable AI Solution in collaboration with Integrum facilitates the rapid deployment of AI capabilities, ensuring businesses stay agile in dynamic market conditions. (More details on the digital sustainability solutions can be found in Annex B.)

EVCo’s light goods vans were also on display at Green Horizon Day, showcasing how EVCo’s customers leverage EVCo’s ecosystem approach, integrated with digitalisation, enabling customers to attain their sustainability goals while achieving strategic business objectives of competitive growth and increasing
productivity.

Green Horizon Day – “Shaping a Sustainable Future” a flagship event for EVCo, uniting policymakers, organisations and local businesses in a shared commitment to shaping Singapore’s green and sustainable future.