In a first of its kind transaction, Tata Motors along with Tata Motors Finance Group has entered into a strategic tie-up with Kool-ex Cold Chain Limited – a leading pharma cold chain logistics service provider, to supply 200 fully built reefer trucks manufactured by Tata Motors. The tie up includes manufacturing of the pharma compliant reefer trucks, and a complete funding plan by TMF Group. Kool-Ex, which has over 21 years of experience in this segment, is poised to become one of the largest pharma cold chain logistics service providers in the country with this partnership. Kool-ex will also shortly enter the cold chain warehousing segment, with its first commercial project planned near Pune. It is also planning a foray into last mile deliveries, thus transforming into an integrated 3PL cold chain logistics service provider.
Speaking on the tie-up, Rahul Agarwal, Director, Kool-ex Cold Chain Limited said, “Tata Motors has been an integral part of Kool-ex story since the beginning of our journey, and this fresh order is a testimonial to their smart, customer-friendly and innovative offerings. We are expanding our product portfolios and reinforcing our expertise in various segments, meeting the growing customer requirements. We believe specialized needs of the burgeoning e-commerce and cold chain industry will spawn a range of opportunities for organised niche logistics players in the near future.”
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