Swiggy Targets 100% EV Delivery Fleet By 2030

Foodtech major Swiggy today (March 11) said that it plans to transition to an all-electric delivery fleet by 2030. 

“At the Swiggy Sustainability Summit held in Delhi, Swiggy announced a goal of transitioning to a 100% electric vehicle (EV) delivery fleet by 2030,” the company said in an exchange filing. 

The foodtech giant also announced the goal of facilitating its restaurant partners to move to “responsible packaging alternatives” by the same timeline. In addition, the company also plans to skill and reskill 10 Lakh individuals, including delivery partners and employees, across its value chain by 2030.

The company made the announcement on the sidelines of the maiden edition of the Swiggy Sustainability Summit 2025. 

It is pertinent to note that Swiggy has been working on building an electric delivery fleet for quite some time now. In 2020, the foodtech major reportedly explored switching to an electric delivery fleet with electric bikes and scooters from aggregators like Zypp and eBikeGo. 

A year later in 2021, Swiggy took the first major step and announced a partnership with Reliance BP Mobility, a joint venture of Reliance Industries and UK energy major British Petroleum (BP), to pilot electric vehicles in its delivery fleet. 

At the time, Hero Motors’ electric bikes division Hero Lectro and UK-based last-mile logistics service provider Fast Despatch Logistics also partnered with Swiggy to roll out electric cycles for the foodtech major. 

Subsequently, last year, the listed foodtech juggernaut launched a bulk order service called ‘Swiggy XL EV’ in Gurugram, powered by an electric three-wheeler fleet. 

The push for EVs within Swiggy comes at a time when the Indian government has set an ambitious target of 30% electric vehicle adoption by 2030, which is expected to be largely led by online aggregators switching to EVs and consumers transitioning to electric alternatives. 

Besides the environmental aspect, electric vehicles also make sense for Swiggy as such vehicles help companies reduce the cost of delivery per kilometre and increase last-mile efficiency. 

Additionally, the Centre has been offering subsidies and incentives to spur the adoption of EVs in the country

That said, Swiggy’s move to transition to EVs comes at a time when the foodtech major has been marred by rising losses, largely on the back of its aggressive quick commerce expansion. The listed company saw its consolidated net loss surge 39% to INR 799 Cr in the third quarter (Q3) of the financial year 2024-25 (FY25) from INR 574.4 Cr in the year-ago quarter. 

Meanwhile, revenue from operations rose nearly 31% to INR 3,993.1 Cr during the quarter under review from INR 3,048.6 Cr in Q3 FY24. 

Shares of Swiggy ended Tuesday’s (March 11) trading session 1.95% lower at INR 352.75 on the BSE.