OX Delivers, an e-mobility start-up dedicated to revolutionising B2B goods transport across the Global South, has delivered its strongest first quarter (Q1) financial performance to date. The company generated $262,000 revenue in the first three months of the year, as well as scaling electric vehicle (EV) operations in Rwanda.
During the first three months of 2024, OX Delivers completed 258 zero-tail-pipe emission journeys covering more than 18,000km, providing reliable, affordable transport-as-a-service and ‘transforming the lives of thousands of people in Rwanda by delivering their produce to market in a highly efficient manner’.
The company says demand has completely exceeded expectations since the start of service operations in Rwanda in 2021, adding that today it supports more than 4,000 customers — mostly smallholder farmers and traders — with 80% of orders come from repeat customers.
The original OX Truck, designed by Professor Gordon Murray in 2016, was the world’s first flat-pack truck and the first vehicle designed specifically for Africa in 40 years. The OX Delivers team has since redesigned the truck, transforming it into the first purpose-designed electric truck for the Global South — one that is 10-times cheaper to run than ‘all existing alternatives’.
The team is now developing the next-generation electric truck, which features design updates that include improved driving position, greater operator visibility, and significant chassis improvements — plus a proprietary vehicle control unit for more efficient control of the electric powertrain.
The company is dedicated to expanding the rollout of its transport-as-a-service offering across the Global South, beginning on the African continent. With the introduction of the next-generation truck later this year, OX Delivers will continue scaling its impact across East Africa and beyond, targeting three billion people in developing countries without access to affordable, sustainable transport.
Founded in the UK in 2020, OX Delivers has a UK base in Leamington Spa, and a pilot service in Rwanda running trucks from four community hubs. OX transport-as-a-service model has seen strong demand, generating $800,000 in revenue in 2023 alone.