Uber Eyes EV Fleet Of 3,000 By 2021, Plans Partnership With OEMs

Uber Eyes EV Fleet Of 3,000 By 2021, Plans Partnership With OEMs

SUMMARY

Uber India is planning to form strategic partnerships with original equipment manufacturers, EV infrastructure firms for charging and battery swapping, and fleets and financiers

In November, Uber added 100 erickshaws in Delhi and 500 in Kolkata and is looking to add services in 200 cities by December 2021

Uber has joined hands with green technologies services startups such as Lithium to roll out over 1,000 EVs across Delhi-NCR, Mumbai, Bengaluru, Hyderabad and Pune

Uber India is looking to add around 3K electric vehicles and erickshaws to its fleet by the end of 2021. This is in line with the Indian unit of the US-based ride-hailing company’s plans to adopt green technologies.

For this, Uber India is planning to form strategic partnerships with original equipment manufacturers (OEMs), EV infrastructure firms for charging and battery swapping, and fleets and financiers to make green-powered automobiles both ‘accessible and affordable’. 

“As of now, we plan to have approximately 3K EVs and erickshaws (across two, three and four-wheelers) on our platform by the end of 2021,” Prabhjeet Singh, president, mobility, Uber India and South Asia, told Mint.

In November, Uber added 100 erickshaws in Delhi and 500 in Kolkata and it is also said to be eyeing the Tier-II cities and has plans to reach 200 cities by December-end.

“EV-friendly policies and targets by the Centre and states such as Delhi and Telangana will translate into sales in the near future,” the company said.

“In Mumbai, for example, gross bookings for auto have bounced back to over 150% of pre-Covid levels. In Chandigarh, it’s at 100%, in Hyderabad at 85%,” Singh said. 

Uber has joined hands with green technologies services startups such as Lithium to roll out over 1,000 EVs across Delhi-NCR, Mumbai, Bengaluru, Hyderabad and Pune. Also, it has also partnered with micro-mobility startups Yulu, Mahindra and Sun Mobility for battery swapping to enable a faster and seamless transition to EVs.

The evolution of India’s EV space over the two years was an “irreversible” trend, Singh added pointing out that the core cabs business was yet to show similar recovery. “The recovery for the core business varies in different cities, but in general, we are seeing very healthy recovering in that part of the portfolio.”

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Uber Eyes EV Fleet Of 3,000 By 2021, Plans Partnership With OEMs-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Uber Eyes EV Fleet Of 3,000 By 2021, Plans Partnership With OEMs-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Uber Eyes EV Fleet Of 3,000 By 2021, Plans Partnership With OEMs-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Uber Eyes EV Fleet Of 3,000 By 2021, Plans Partnership With OEMs-Inc42 Media
Uber Eyes EV Fleet Of 3,000 By 2021, Plans Partnership With OEMs-Inc42 Media
You’re in Good company