e-FAST India and ZET Marketplace

About e-FAST India

• e-FAST India stands for Electric Freight Accelerator for Sustainable Transport – India.
• Initiative by: It is an initiative of NITI Aayog.
• It is an initiative focused on advancing the electrification of medium- and heavy-duty freight through collaboration among stakeholders.
  • It includes OEMs, logistics service providers, financiers, shippers and charge point operators.
• It is the country’s first platform to facilitate collaboration between government stakeholders and private sector partners .
• Focus Areas:
  • Technology and Innovation: It track the latest developments in freight electric technologies and private sector innovation.
  • Market Acceleration: Develop strategies to address barriers to adoption, incentivize manufacturing and avenues for experimentation and deployment.
  • Public Policy Support: It support decision makers by identifying suitable incentive structures, public investment and resources to stimulate demand and industry innovation.

About ZET Marketplace

• ZET Marketplace is an interactive business-engagement platform connecting e-truck manufacturers, LSPs, CPOs, financiers, and technology companies.
• It acts as a unified ecosystem to support the purchasing, leasing, and commercial deployment of electric heavy-duty trucks.
• Aim: It aims to tackle high upfront capital costs and fragmented logistics infrastructure.
• The Marketplace enabled participants to showcase products, explore commercial opportunities and develop partnerships needed to move zero-emission freight projects from intent to implementation.