Papaya Technologies has unveiled the introduction of a marketplace dedicated to the procurement of electric vehicles and service providers catering to commercial fleets.

Positioned as a comprehensive solution, this marketplace offers a wide array of vehicles ranging from cargo bikes to electric vans, along with service providers that encompass maintenance and subscription-based electric vehicle suppliers. It aims to provide a holistic perspective of the market, functioning as a convenient one-stop shop.

With cities and governments intensifying their commitment to achieving net-zero emissions, fleet managers face mounting pressure to transition their fleets to electric power by 2030. However, the current trajectory of emissions tells a different story. Last-mile delivery emissions are projected to surge by over 30% in the top 100 cities worldwide, resulting in an annual carbon dioxide output of 25 million tons by 20301.

Nonetheless, studies from 2022 have suggested that cargo bikes have the potential to replace approximately 51% of all motorized freight trips in European cities.

Papaya’s objective is to expedite the decarbonization of fleets by addressing a significant challenge: the lack of transparency and the fragmented nature of the market. The absence of a unified operating system restricts fleet managers from gaining a comprehensive view of their fleet’s current status, leading to significant inefficiencies. Furthermore, geographical barriers compound this challenge, as fleets must navigate regional and local solutions in each market they operate.

The newly launched marketplace by Papaya serves as a complementary feature to its existing vehicle management platform. Acting as a centralized hub, it facilitates connections between fleets and service providers, empowering operators to optimize costs, foster collaboration with multiple suppliers, mitigate supply chain risks, and expand their operations both geographically and operationally.

Since its inception, Papaya has collaborated with prominent names in the industry such as Gopuff, Foodora, and Zedify. The platform is currently operational in several countries, including the United Kingdom, Spain, France, and Germany, with plans for further expansion across all major European nations.

Santi Ureta, Co-Founder and CEO of Papaya, shared his personal experience with the challenges of electrifying and managing a fleet, describing it as an arduous journey. It was this firsthand experience that motivated him to develop a streamlined platform to assist others throughout the entire process.

Ureta stated, “With the marketplace, we are creating a genuine ecosystem. Fleet managers and service providers can effortlessly connect and interact with one another. They can source and manage fleets from a unified platform, accelerating the achievement of their operational and decarbonization objectives.”