TEG, the fintech-enabled platform serving transportation and logistics, has announced a partnership with Hived, the UK’s first fully electric parcel delivery company, to enable logistics providers to access tailpipe-emission-free delivery.
Using TEG’s end-to-end platform, logistics providers will be able to access Hived’s 100% electric 44 metric ton HGVs seven days a week. The vehicles are reportedly capable of delivering up to 76% emission reductions per parcel while maintaining a 99% on-time rate.
The partnership will deliver real-time carbon tracking and analytics, helping 3PLs demonstrate the sustainability impact to customers.
Together, the companies aim to address growing market demand for sustainable logistics solutions. Research from TEG’s recent 3PL white paper reveals that 67% of 3PLs identify sustainability as a pressing procurement challenge as new emissions regulations reshape carrier requirements.
Luke Austin, operations project manager at Hived, said, “Through our partnership with TEG, we can now offer our fully electric delivery network to their entire platform of logistics providers. TEG’s integrated compliance and payment systems make it seamless for 3PLs to access our all-electric services, enabling them to significantly reduce supply chain emissions while moving closer to their sustainability goals. With electric vans saving up to 260g of CO2e per kilometer, this partnership unlocks substantial carbon savings across TEG’s network.”
TEG’s platform is said to provide instant compliance verification, automated onboarding and integrated payment solutions, designed to remove traditional barriers to carrier collaboration.
Lyall Cresswell, the founder and CEO of TEG, said, “As the logistics industry faces mounting pressure to decarbonize, partnerships like this demonstrate how technology platforms can accelerate the transition to sustainable transport. By making it effortless for 3PLs to access Hived’s fully electric network, we’re removing the friction that traditionally slows adoption of innovative, sustainable solutions.”
In related news, Hived brings all-electric haulage to the UK with e-HGV fleet