Express operator DX has invested £1.75m in acquiring a 49.8 per cent stake in the ‘environmentally friendly’ delivery network Gnewt Cargo, saying it will help it expand across the country.
Gnewt was founded in 2009 with an emphasis on reducing pollution and congestion. It operates more than 100 electric zero-emission vehicles, including cargo-cycles and minivans, providing multi-drop ‘last mile’ delivery services in Central London.
Peter Cvetkovic, DX CEO, said: “We use Gnewt’s services ourselves and therefore know just how efficient and customer-focused they are – and, of course, how they help to reduce emissions and make city centres better places to be. We will be combining Gnewt’s technical expertise with DX’s funding support and core volumes to start-up Gnewt locations across the UK.”
Gnewt has been independently verified to cut CO2 emissions per parcel delivered by 62 per cent. In addition, its delivery services currently achieve 99.5 per cent on time and accuracy.
Sam Clarke, Gnewt Cargo co-founder and director, said: “The idea behind Gnewt was to offer an outstanding delivery service within city centres while making a difference to air quality and people’s well-being. Gnewt has grown fast over the last five years and we want to take our service to other UK cities.”