NEW DELHI: Last mile technology platform Far Eye on Saturday announced the launch of ‘Innovation Nexus’, an initiative to help startups raise capital and receive mentorship from global experts in the logistics field. The initiative provides a direct platform for promising logistics startups to engage and foster connections with industry leaders, the company said.
FarEye co-founder and CEO Kushal Nahata said the national logistics policy launched by the government offers huge opportunities for startups.
Start-ups will play an important role in reducing logistics costs, and in this process, Innovation Nexus will bring about major changes for early-stage startups, from mentorship to easy funding, Nabata said. added.
The initiative was announced in Greater Noida during the ‘Last Mile Leader Event’ organized by FarEye in collaboration with Microsoft on April 19.
Gautam Kumar, FarEye COO and Co-Founder, said: “This initiative is a springboard for start-ups to secure innovative partnerships as we see rapid adoption of AI, robotics and embedded data analytics. We’re very excited about this. All of this is aimed at improving efficiency and data analysis.” “Improving the efficiency of logistics operations.”
The day-long event brought together more than 40 supply chain professionals from more than 20 countries representing industries as diverse as retail, logistics, postal, consumer packaged goods (CPG), and pharmaceuticals to explore technology in vehicle operation. We explored the possibility of change. Cost reduction in the logistics department.
During the event, the “Last Mile Trend Report 2024” was also announced.
The report said it highlights key factors influencing strategic decisions and market dynamics in the logistics sector.
Nahata also said that within the next five years, 30% of urban deliveries will be handled by autonomous drones, significantly reducing delivery time and costs.
“With urban delivery traffic predicted to increase carbon emissions by 32 per cent by 2030, prioritizing sustainability is non-negotiable. Such government initiatives reflect a visible shift towards greener logistics in India,” he added. .
FarEye co-founder and CEO Kushal Nahata said the national logistics policy launched by the government offers huge opportunities for startups.
Expanding
Start-ups will play an important role in reducing logistics costs, and in this process, Innovation Nexus will bring about major changes for early-stage startups, from mentorship to easy funding, Nabata said. added.
The initiative was announced in Greater Noida during the ‘Last Mile Leader Event’ organized by FarEye in collaboration with Microsoft on April 19.
Gautam Kumar, FarEye COO and Co-Founder, said: “This initiative is a springboard for start-ups to secure innovative partnerships as we see rapid adoption of AI, robotics and embedded data analytics. We’re very excited about this. All of this is aimed at improving efficiency and data analysis.” “Improving the efficiency of logistics operations.”
The day-long event brought together more than 40 supply chain professionals from more than 20 countries representing industries as diverse as retail, logistics, postal, consumer packaged goods (CPG), and pharmaceuticals to explore technology in vehicle operation. We explored the possibility of change. Cost reduction in the logistics department.
During the event, the “Last Mile Trend Report 2024” was also announced.
Expanding
Nahata also said that within the next five years, 30% of urban deliveries will be handled by autonomous drones, significantly reducing delivery time and costs.
“With urban delivery traffic predicted to increase carbon emissions by 32 per cent by 2030, prioritizing sustainability is non-negotiable. Such government initiatives reflect a visible shift towards greener logistics in India,” he added. .
