Electric vehicle (EV) and charging station ecosystem eTukTuk and Capital Maharaja Group (CMG), the number one privately held conglomerate in Sri Lanka, have entered into a partnership to introduce sustainable transportation powered by blockchain in Sri Lanka.
The partnership will facilitate the growth of the eTukTuk network throughout Sri Lanka, starting with the capital city of Colombo, providing affordable, accessible and sustainable mass transportation solutions to drivers and passengers in the city, where over 1.2 million registered internal combustion engine tuktuks on the roads are each emitting more carbon than a typical car.
The partnership will allow for the strategic expansion of the eTukTuk network throughout Sri Lanka, and, the companies note, will “further facilitate local partnerships on the ground to best serve the needs of the country and transition away from traditional carbon-intensive transportation networks”.
With the launch of its platform in Colombo later this year, eTukTuk will leverage blockchain to onboard millions of digital identities as part of the network to enable and empower drivers to diversify their income and earning opportunities in a sustainable manner.
“ETukTuk’s holistic solution is what attracted us to the opportunity,” says Niro Cooke, CMG group director. “It is not just a hardware solution — it is an all-encompassing, sustainable, e-mobility ecosystem. The eTukTuk team has understood the key economic drivers in a market like Sri Lanka, and acknowledged the importance of local manufacturing and assembly against FBU [fully built-up] imports. Sri Lanka, in this instance, lends itself as the perfect test market for a solution of this nature.”
Source: https://www.theasset.com/article-esg/49018/etuktuk-cmg-to-bring-e-mobility-to-sri-lanka