Lumala revolutionises waste management practices with innovative Eco Hauler e-bike carts
Daily FT: City Cycle Industries Manufacturing Ltd., better known as Lumala, has introduced an innovative e-bike cart branded “Eco Hauler.”
The launch signifies the Company’s commitment to environmental stewardship.
This advanced e-bike cart is designed to tackle the urgent waste management issues in Sri Lanka, where daily plastic waste generation reaches approximately 938 metric tons, with only 4% being recycled.
In collaboration with the USAID Clean Cities, Blue Ocean (CCBO) program, the Eco Hauler initiative aims to combat ocean plastic pollution, address climate change, and boost waste collection efficiency in both urban and coastal areas, alongside riverbanks.
Characterised by its affordability, low operating costs, high load capacity, and eco-friendly design, the Eco Hauler reflects Lumala’s holistic approach to sustainability, and are actively seeking collaborations with municipalities, community organisations, and various stakeholders to enhance waste management practices throughout Sri Lanka and magnify the impact of the Eco Hauler.
Lumala CEO Tariq Miflal said: “Lumala is more than just about innovating products; it’s about envisioning and actualising a sustainable future for Sri Lanka. The Eco Hauler embodies our commitment to environmental sustainability, paving the way for a cleaner, greener planet. This philosophy underscores Lumala’s role as a leader in providing smart mobility solutions and fostering environmental sustainability.”
Lumala said it has consistently led the eco-friendly innovation charge in Sri Lanka’s bicycle industry. Lumala’s dedication to sustainability is evident across its wide range of products, which includes everything from robust mountain bikes for adventure seekers to efficient city cycles for daily commuters.
Lumala said the company is driven by a mission to enhance environmental health and to inspire an active lifestyle throughout the Sri Lankan community. Continuing in its path of innovation, Lumala is devoted to developing eco-friendly solutions that support the broader agenda of global sustainability. This dedication firmly establishes Lumala’s leadership in the realm of smart mobility and underscores our commitment to environmental stewardship.
OSL take:
Sri Lanka’s path towards attaining sustainable development goals has resulted in the authorities looking at new initiatives to be adopted to achieve the set targets. This move in turn has opened up a host of new business/investment opportunities. There are already many local businesses that have expanded operations in the environment sustainability sector. Multilateral donor agencies have also pledged funding to engage in progranmes to fulfill the targets under the sustainable development goals. With Sri Lanka’s economy already on a growth path after facing an economically challenging period in the past few years, the opportunities to address the sustainable development goals have also expanded along with it. Foreign businesses/investors looking at opportunities in Sri Lanka, could explore the expanding opportunities in addressing sustainable environment needs of the country in keeping with the growing economic activities. Foreign businesses could also look at forming partnerships or joint ventures with local businesses engaged in achieving sustainable development goals with the aim of further growth and expansion.
| Article Code : | VBS/AT/20240228/Z_4 |