Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Shashank Sathe as its new Chief Technology Officer (CTO). This strategic move comes as Magenta Mobility prepares for accelerated growth of the company in the electric mobility sector.
Sathe has a work experience of more than 28 years in the technology domain. Previously, he was at brands such as Bajaj Capital, Edelweiss and recently as CTO at MCX.
The company said that in his new leadership position as CTO at Magenta Mobility, Shashank will spearhead the development and optimisation of cutting-edge technologies, driving innovation and propelling Magenta Mobility's growth in the electric mobility industry.
Maxson Lewis, Founder and MD, of Magenta Mobility, said, "Shashank is widely recognized for his expertise in optimising technology and delivering innovative solutions. We are pleased to have him in our leadership team and we believe that Magenta Mobility will achieve great feats in the technology under his guidance. Shashank's hands-on experience will significantly benefit our technology team, and his leadership and business acumen will chart the next phase of growth for Magenta Mobility. We remain committed to pushing industry benchmarks on business excellence.”
Last month, the brand raised USD 22 Million by two marquee investors - bp Ventures and Morgan Stanley India Infrastructure.
Commenting on his appointment Shashank Sathe said "I am thrilled to take on the position of CTO at Magenta Mobility and contribute to the company's vision of Electrifying and Decarbonising Logistics in India. I look forward to leveraging my experience to drive technological innovation within the organization and create unparalleled solutions for both our customers and our driver partners."