SE2 India goes green; adopts EV fleet for employee commute

 SE2 India, a recognized industry leader providing technology-driven third-party administration services for many of the top U.S. life insurance and annuities companies, today announced its partnership with Lithium Urban Technologies to roll out an electric vehicle fleet for employee commute in its Gurugram office. In line with its larger mission of commitment to the environment & reducing its carbon footprint, SE2 India has decided to adopt 50% of its employee transport to electric in a phased manner, over the next six months.

The adoption of EV cabs in phase 1 is another major step taken by the company towards going green. Some of the other environment friendly initiatives undertaken by the company are – a) reduction in usage of single-use plastic like spoons, stirrers, straws, etc. b) elimination of PET bottles c) plans to increase the number of plants in & around the premises to improve the AQI and take care of SBS (Sick Building Syndrome).

Announcing this important step towards a green environment, Sumit Bhatia, Head of HR, SE2 India said, “Given the daily challenge to get breathable air quality, moving towards the green environment is the way forward. At SE2 India, we are committed to reducing our carbon footprint and our tie up with Lithium is the foremost step towards making SE2 India a sustainable organization.”

“With transport being one of the highest contributors of carbon emissions, it is pertinent to encourage green commuting habits amongst our employees. With an automated transport system in place and introduction of EV cabs, we plan to strengthen our journey towards building a better future”, he further added.

Commenting on the partnership, Vikash Mishra, Head of External Relations, Lithium Urban Technologies said, “Bringing tomorrow’s transportation today, Lithium is on the path to disrupt corporate employee transportation in the country. With Lithium’s expertise in navigation technology and unique business model, we are positive on the impact our fleet will make in the sustainable mobility vertical. We aim to transform the segment and make it future ready and sustainably reform without compromising on efficiency. We are honoured to be chosen as SE2’s employee transportation partner and look forward to associate with the organization to enable efficient sustainable means of employee commute and further reduce its carbon footprint”.

SE2 India, headquartered out of Gurugram started India operations in March of 2019 and launched its Pune Technology & Innovation Centre in August 2019. SE2 India currently employs a team of about 600 associates providing end-to-end service to its clients in the U.S.

About SE2 Digital Service LLP, India

SE2 Digital Service LLP, India began operations in March 2019 with approximately 500+ associates in Gurugram supporting Business Process Management for SE2’s top clients. The state of the art facility in Gurugram offers operational support to clients, and the Technology and Innovation Center in Pune provides the technology and innovative capabilities. The Indian operations is primed to provide full spectrum of services accelerating the Aurum platform, supporting conversion from the client legacy systems onto SE2 platform and providing operational support on an on-going basis, to transform the life and annuity insurance customer experience. With a highly collaborative work culture built on continuous collaboration, SE2 India offers a rich learning environment with significant training in technical and insurance products.

About SE2

SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize the cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next-generation business operations. Please visit SE2 at www.SE2.com or our LinkedIn community to learn more.

About Eldridge Industries

Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries please visit www.eldridge.com.

About Lithium Urban Technologies

A market leader in mobility solutions, Lithium was established in late 2014 to encourage an environmentally friendly solution for corporate transportation. The largest electric fleet outside China, Lithium runs its 950+ fleet for more than 25 marquee blue- chip clients across Bangalore, NCR, Hyderabad and Pune, with plans to start operations in Chennai and Mumbai. Till date it has covered approximately 81 million kilometers and abated about 20,000 MT of Co2e.

It is India’s first zero emission transport service, with its own fleets of Electric Vehicles (EVs) and associated charging infrastructure, backed by a strong technology platform that involves telematics, fleet management systems, scheduling, rostering and analytics-based optimization; and trained and certified drivers. This integrated offering has saved clients up to 40% in transportation costs.

As a socially conscious company, Lithium has received the ISO 26000 certification for exemplary work in guidance on social responsibility. Lithium’s institutional investors includes LGT Capital and International Finance Corp (a World Bank Group Co).  Recently Lithium was also the recipient of the FT/IFC Transformational Awards 2019 for driving Transformational Solutions in Urban Infrastructure.