Mumbai, 01^st March, 2022 (GPN): RetailIO platforms which connect Pharmacies and Wholesalers, successfully converted 70 bikes in their logistics network to EV’s amongst regions like Mumbai, Mysore, and Davangere under their #RioGreenFleet initiative. Post their electric drone pilot this is their second initiative focused around sustainability and evolving logistics in the healthcare ecosystem.

With each of these bikes covering 80 Km daily without fossil fuels, the carbon footprint impact will be saving approximately 1050 Trees. Also, these EVs are efficient and will help save an overall 25% in logistics costs.

#RioGreenFleet is proposed to be launched Pan India.

Harsh Parekh – Co founder, API holdings stated –“We continue our efforts to ensure that healthcare delivery is truly transformed across the country.  We believe that this initiative acts as a stepping stone for our commitment towards ESG”

Darshan Haria- Head – Operations and Logistics, RetailIO 1P said – “The vision is to rapidly move towards sustainability. This initiative provides the requisite thrust and builds confidence around its benefits amongst our logistics partners. The focus would now be on rapid adoption”

About RetailIO

“Retailio, a digital platform empowering wholesalers was launched with an objective to accelerate technology adoption in the supply chain empowering pharmacies with technology and digital tools and to expand the scope of such reach beyond pharmacies serviced by Ascent. It aims to improve transparency and providing real-time inventory visibility, discovery of competitive pricing and reducing the need for manual re-ordering cycles, thereby enabling lower stock outs, efficient inventory turns and expiry management for pharmacies”

About API Holdings

“API Holdings Ltd, through its direct and indirect subsidiaries forms India’s largest digital healthcare platform based on gross merchant value (GMV) of products and services sold for the year ended March 31, 2021. It is an integrated, end-to-end business that aims to provide solutions for healthcare needs of consumers providing digital tools and information on illness and wellness, offering teleconsultation, offering diagnostics and radiology tests, and delivering treatment protocols including products and devices.”

API Holdings and its subsidiaries are spread across the length and breadth of India (both urban and rural) and provides its services to 3,261 wholesalers, 87,194 pharmacies, and 4,617 prescribing doctors and clinics and 926 hospitals, with 25 million total registered users.