Fez Delivery, a leading last-mile delivery service connecting businesses and markets in Nigeria, has introduced a line of electric bikes known as “FEZ ECO.” This innovative move represents a significant step towards a cleaner, more cost-effective, and efficient transportation solution, emphasizing the company’s commitment to sustainability and environmental responsibility.
In response to the increasing demand for Last Mile Delivery services, driven by the expansion of the e-commerce landscape, Fez Delivery recognizes the need to provide cost-effective and eco-friendly options. Statista forecasts Nigeria’s eCommerce market revenue to reach $6,710.00 million in 2023, highlighting the urgency for efficient delivery services to meet this growing demand.
Seun Alley, the CEO and Co-Founder of Fez Delivery expressed his enthusiasm for this development, describing it as a substantial stride toward sustainability and innovation:
“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 Progress Toward Eco-Friendly Transportation
Fez Delivery’s latest electric motorcycles are in line with global trends in sustainable transportation, offering a green, cost-effective, and eco-friendly solution to its customers. Their Last-Mile delivery service aims to empower businesses and individuals by providing efficient and environmentally friendly services.
The FEZ ECO electric bikes offer numerous benefits, including cost savings due to lower operational costs (no fuel usage and reduced maintenance expenses), zero-emission electric power for eco-friendly deliveries, improved maneuverability in urban traffic for faster deliveries and real-time tracking and monitoring of deliveries to enhance transparency and security. This solution not only benefits customers but also eases the financial burden in Nigeria’s current economic climate.
Racheal Adetunji, CEO of ThriftWithRay and a long-time Fez Delivery user, expressed her confidence in this innovation’s potential to transform the Nigerian e-commerce landscape:
“We’ve been partners with Fez Delivery for years, and their commitment to innovation and quality has always impressed us. Their previous products transformed our business, setting new standards for excellence. 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.”
Fez Delivery, founded in 2018 by Seun Alley, is a pioneering last-mile delivery company dedicated to bridging the gap between businesses and markets while fostering peace and trust within the communities it serves.
The company recently raised $1 million in a seed funding round, supported by Techstars Toronto, which facilitated its expansion across Nigeria and Africa, technology enhancements, and increased marketing efforts. Fez Delivery currently boasts over 17,000 users on its platform, serving a mix of individuals, SMEs, and startups. In 2022, the company completed 200,000 trips and saw a 20% month-on-month revenue growth. Some of its clients include Flutterwave, Kuda Bank, Moniepoint, OPay, Red Bull, and Famasi Africa.
Fez Delivery also introduced a SaaS platform to onboard and verify third-party two-wheeler logistics partners with fleet sizes ranging from five to ten. These partners receive revenue from Fez Delivery based on individual delivery charges and flat-fee subscriptions for businesses.
All About Fez Delivery
Last year, the company launched “FEZ for fintech,” providing debit cards and POS terminals to customers and agents in Nigeria as part of its mission to become a preferred choice for customers, employees, and investors on a global scale, driving growth, profitability, and digital transformation across its ventures.
Through streamlined business practices, corporate engagement, and educational initiatives, Fez Delivery actively contributes to creating a more seamless world.
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