Zomato Rolls Out EV Bike Rentals To Boost Green Deliveries

Listed Eternal’s food delivery arm Zomato is piloting a rental electric vehicle (EV) bike fleet for its delivery partners in Delhi-NCR. 

Under the initiative, the foodtech major is offering two-wheeler EVs on rent to its delivery partners. In a statement, the company said that it will expand the offering to other parts of India based on uptake among partners. 

“… It is imperative to build an ecosystem where all delivery partners have easy access to EV bikes suited to the demands of food delivery. Through the launch of these specially designed, efficient electric bikes on rent, we’re ensuring delivery partners can thrive while contributing to building a greener tomorrow,” said Eternal chief sustainability officer Anjalli Ravi Kumar. 

Launched on Thursday (June 5), the company claimed that the pilot programme is designed to help delivery partners experience the benefits of using EVs for deliveries compared to internal combustion engine (ICE) bikes.

The company claimed that the initiative is in line with its broader goal of facilitating 100% EV-based food deliveries by 2030. As of March 2025, Zomato claimed to have over 37,000 active EV-based food delivery partners. 

This is in line with the similar announcements made by its rival Swiggy a few weeks back. At the time, the Sriharsha Majety-led company also announced that it would completely electrify its fleet by 2030. It also recently partnered with SUN Mobility to electrify over 15,000 ebikes as well. 

The main factors driving the adoption of EVs among gig workers are affordability, easy app-based access, high vehicle uptime due to quick battery swaps, and safety features like puncture-resistant tyres and ergonomic seats.

The push for EVs 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 Zomato and 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.

Meanwhile, the push for EVs also comes at a time when the broader food delivery space is witnessing a slowdown. Eternal’s core food delivery segment’s adjusted revenue grew a mere 17.5% YoY to INR 2,409 Cr in Q4 FY25.

Overall, Eternal’s consolidated net profit declined 77.8% to INR 39 Cr in Q4 FY25 from INR 175 Cr in the year-ago period.

Shares of Eternal closed Thursday’s (June 5) trading session 4.5% higher at INR 256.55 on the BSE.