The Business Bytes
TBB BUREAU
NEW DELHI, FEB 7, 2023
Chargeup, the company building India’s first FineTech platforms (Finance-Network-Technology Platform) in the EV sector, has now partnered with Zomato to bring about a sustainable transformation in the last-mile delivery sector in India.
The partnership will enable Zomato delivery partners to get easy financing and leasing options to make a seamless switch to electric mobility. This ESG initiative will enable Zomato to reduce the carbon footprint of its vast delivery network across India, Chargeup said in a statement on Tuesday.
Given the fact that last-mile food delivery personnel cover several kilometers a day, the emissions from their scooters and bikes add to the mobility footprint in urban areas significantly. This is where Chargeup’s partnership with Zomato will bring about a transformation.
Switching to EVs, along with access to the extensive network of battery swapping stations, will help the drivers experience 100% uptime, leading to a boost in their income – apart from reducing emissions. With Chargeup now expanding its Battery Swapping Station network to Tier-I, and Tier-II cities, the benefits of the new partnership will continue to reach more Zomato delivery partners in the times ahead.
Speaking about this, Chargeup CEO & Co-Founder Varun Goenka said, “As a climate-tech company dedicated to creating a clean mobility ecosystem in India, Chargeup is offering appealing and simple financing and leasing support to Zomato delivery partners who are ready to switch to EVs. Not only will their carbon footprint decrease but delivery partners will also be able to lock-in their costs, and increase their monthly earnings. Our aim is to make their lives simpler and ensure greater productivity. Chargeup has already made significant efforts towards transforming the lives of thousands of e-rickshaw drivers in Delhi- NCR, doubling their incomes. As a step forward, our EVs will enable Zomato delivery partners to make more deliveries without worrying about the rise of fuel prices or a drop in their income levels.”
Adding further, Zomato Chief Operating Office (Food Delivery) Mohit Sardana said, “Through our partnership with Chargeup, our delivery partners will have access to a vast network of battery-swapping stations, ensuring 100% uptime and reducing operational costs for our delivery partners. This not only supports our sustainability goals but also contributes to our ongoing efforts to improve the lives of our delivery partners.”
Chargeup is dedicatedly working towards building infrastructure to support smooth and speedier EV transition in India. The company has been rapidly scaling its network of Battery Swapping Stations, and introduced advanced technology-driven Battery Management System to optimize battery operations for EVs. The company has been rapidly establishing similar partnerships with leading players across verticals to enhance their services. Chargeup is expanding its own network beyond Delhi- NCR by entering Tier-I and Tier-II cities as well.
