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Jupiter Wagons jumped nearly 2% after its EV arm tied up with Pickkup for green logistics.
The deets: Jupiter Wagons is a major railway and mobility player with an EV subsidiary called Jupiter Electric Mobility. Pickkup is a logistics startup focusing on sustainable intra-city and intercity deliveries.
The two have signed an MoU to deploy 300 JEM TEZ electric light commercial vehicles (eLCVs) into Pickkup’s fleet by year-end.
Why it matters: this is about replacing diesel vans with high-performance electric vehicles that actually deliver. For logistics firms, that means lower fuel costs, zero emissions, and more efficient urban delivery.
