News Update

Foodtech Startup Swiggy Targets By 2025 To Cover 8 Lakh kms Per Day Through Electric Vehicles

• BySheetal Sidhu     |    August 5, 2021

Bengaluru-based foodtech startup Swiggy has announced that it will cover deliveries of over eight lakh kms everyday through electric vehicles by 2025. The company today announced the commencement of trials that will increase the deployment of EVs in its delivery fleet. A statement said Swiggy has signed an agreement with Reliance BP Mobility Limited (RBML) to build an EV ecosystem and battery-swapping stations for its delivery partners across the country. This partnership between two leading industry players aims to synergise their strengths of scale, reach, and technology in creating a greener and cost-effective solution for delivery fleets through innovative business models. Swiggy has also partnered with Hero Lectro, a leading e-cycle manufacturer and Fast Despatch logistics, a leading last mile delivery player in the UK to enable end-to-end delivery of Swiggy orders through cargo e-cycles.

Swiggy CEO, Sriharsha Majety, said, “Business growth should go hand-in-hand with the interests of its stakeholders, the welfare of the community, and minimising the impact on the environment. Swiggy’s fleet delivers millions of orders each month with our partners traveling an average of 80-100kms daily. As we continue to work towards providing our consumers with greater convenience, we are also mindful of the environmental impact of our operations and are taking the necessary steps to make our journey more sustainable. Transitioning to EVs is an important step in this direction. It will have a positive impact not only on the environment but also empower our delivery partners to earn more.”

Shri Amitabh Kant, Chief Executive Officer of Niti Aayog, said,  “The Indian industry must continue to work towards driving the adoption of EVs as a part of the nation’s overall efforts to transition to sustainable and environment-friendly mobility. Swiggy’s commitment in this direction is a welcomed development. I urge other industry players to factor EVs in their business and operating models for a sustainable future.”

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