TVS Motor Company, the flagship company of $8.5 billion TVS Group, and delivery major Swiggy have joined hands to employ TVS Motors’ electric vehicles (EV) for its food delivery as well as other on-demand services like InstaMart, Genie. The two companies are exploring the co-creation of sustainable and complete solutions for Swiggy’s delivery partners. This will include working on customized packages like a need-specific product, flexible financing options and, connected services.
Notably, Swiggy presently has over two lakh delivery partners working with the platform. Swiggy has committed to making deliveries spanning 8,00,000 kilometres per day through EVs by 2025 as they pioneer the necessity for e-mobility and sustainable solutions. "This pilot with TVS will help us better understand the needs of the delivery fleet and the steps we can take to make our operations more greener and sustainable." said Mihir Rajesh Shah, Vice President Operations, Swiggy.
“TVS Motor Company has been at the forefront of delivering green and connected vehicles to our customers. Our collaboration with Swiggy is a key step towards strengthening the electrification of mobility in food delivery and last-mile delivery services, furthering the easy adoption of EVs amongst customers. This also marks our foray into showcasing our commitment in the electric commercial mobility segment. We look forward to our alliance with Swiggy, who are the leaders in the Indian food and on-demand delivery market and are leading the way in creating a wide and sustainable e-mobility ecosystem in the country," said, Manu Saxena, Senior Vice President – Future Mobility, TVS Motor Company.
The company’s MoU with Swiggy will enable to grow the presence of TVS iQube Electric across all major cities by the end of the financial year. The electric scooter is presently available in 33 cities, including big cities like Delhi, Bangalore, Chennai, Pune, Kochi, and Coimbatore.
“Swiggy’s fleet delivers millions of orders each month with our partners traveling an average of 80- 100 kilometers 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,” Sriharsha Majety, CEO of Swiggy, said in a statement. A switch to EV-based deliveries will allow Swiggy's delivery partners to save 40% of vehicle running costs, hence, improve the payouts, as reasoned by the company.
For its penetration in the EV space, Swiggy in 2021 had partnered with Reliance BP Mobility Limited (RBML), Hero Lectro, and UK-based Fast Despatch Logistics to roll out order delivery using cargo e-cycles. As part of the partnership, RBML will set up EV infrastructure player, Jio-bp’s battery swapping stations at multiple locations and provide technical assistance and training to Swiggy’s delivery partners for these functions. The partnership is a part of Jio-bp’s expansion plans to set battery swap stations across urban locations.
As crucial as it is that we save our time and money through convenient delivery options, it’s just as critical that we as a country focus on designing a more sustainable logistics fleet to avoid emissions. Other e-commerce players such as Flipkart as well as Swiggy's food technology competitor Zomato are also dedicated to expanding their share of EVs in the supply chain and delivery by 2030.
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