Mumbai, 6th June 2023: Magenta Mobility, an integrated Electric Mobility solutions provider, has announced the appointment of Shashank Sathe as its new Chief Technology Officer (CTO). This strategic move comes as Magenta Mobility prepares for accelerated growth and aims to reinforce its position as a pioneer in the electric mobility sector. Shashank Sathe’s expertise will be instrumental in driving technological innovation within the organization.
Shashank has an illustrious work experience of more than 28 years in the technology domain with a proven track record at renowned brands like Bajaj Capital, Edelweiss and recently as CTO at MCX. In his new leadership position as CTO at Magenta Mobility, Shashank will spearhead the development and optimization 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.”
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 & Decarbonizing 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 .”
Earlier last month, the brand raised USD 22 Million by two marquee investors – bp Ventures and Morgan Stanley India Infrastructure.